Shout out to Drrc1949 - Can you send another email to D. McNally on our behalf if you find it within reason. thanks
I totally agree with Bristol - there is not enough information for us - the IHUB stockholders to feel secure with Titan Medical SP. These questions are very good, and needed - I don't believe we see these questions dealt with/explained on a current timeline by Titan Management.
Anyway - last week - I wrote D. McNally about his non-involvement with the equity offering - just a simple reason from him was asked, but I did not get a response. Which is fine/expected, but Drrc1949 you did. (I copied your previous Ihub message below)
So As a request - can you possibly send these questions to Dave McNally as he might give us great insight to where SPORT/Titan is at - We ask because the News releases, while informative from McNally are hard to come by. Your call.
To David.McNally, stephen, susan, kgolodetz
Dear Mr. McNally:
It is gratifying that a deal with Longtai which converts their distribution rights deposit into equity has been consummated (subject to regulatory approvals). Can you confirm that those funds (CD$ 2,000,000) have been held in escrow and will now become available for general corporate purposes?
Mr. McNally, on another note, I and many other Titan Investors are extremely pleased to have you leading the organization. Thank you for your continued efforts and good luck to us all!
Best regards.......Richard
David McNally
11:12 PM (2 hours ago)
To me, Stephen, Susan, kgolodetz
Dear Richard,
Thank you for your kind email. We’re pleased to confirm that the conversion of the distribution deposit to equity does effectively improve our working capital position so that we can allocate those funds for operating activities.
We appreciate your support, and look forward to keeping you apprised of our progress.
Best regards,
David
