Titan Medical Inc (TMDIF)

[66Mustang]

I think the Longtai news is better than people think. First, the finds were in escrow the whole time, so these are indeed new funds to add to the tally. It is also a vote of confidence in the technology and in the management team - they suspended the agreement with the old management team, possibly because their perception of the old team was similar to ours. To reverse course on their prior decision to sever connections with Titan means they see the future as good and want to be part of it again.

Were they not previously negotiating for a $20M stake in Titan with the $2M deposit held in escrow? If they are fully turned back on, we could also have a new partner in the works from a funding standpoint. We really do need to get PPS up before that, otherwise they will own about 40% of Titan. But that funding could be crucial if it comes back. Maybe Mr. McNally is holding off on the rest of the deal pending PPS increase.

Additionally, this could mean our pathway into the Asian market is back on. The current plan seems to be US and Europe first, but Asia is the next biggest market and possibly has the largest market potential on the planet (at least based on overall population).

This announcement represents a HUGE vote of confidence and should not be glossed over lightly!