Titan Medical Inc (TMDIF)

[scalpel]

Don't be that despondent; let's look at the math.

Let's make some CONSERVATIVE assumptions.

Assume Titan, once commercialized, has a profit margin of 20% (industry standard is 30%+)
Assume 600 M outstanding shares (additional dilution coming)
Assume PE ratio of 30 (ISRG was 51 in 2016)

Let's hope for a $10 PPS
We would need profit of $0.33 per share
We would need revenue of $1.67 per share
That's total revenue of $1.0 B needed
With a projected medical robotics market of more than $20 B per year, that's only a 5% penetration of the market.