Titan Medical Inc (TMDIF)

[66Mustang]

In the SEDAR filings, the short term prospectus from late June had some cost estimates for milestones on the schedule. If they stayed on schedule and their cost estimates are correct, they would be broke right after the end of the year, maybe a month or two... I don't know if any warrants could come into play between now and then to help, but it looks like we are funded for the next 4 months or so.

From post 18155:

"For financials, if I read this correctly, 2nd quarter R&D and Net & Comprehensive loss for the quarter add up to about $4.5M (compared to Q2 2016 total of $15.5M). They had $6.8M cash and equivalent on hand as of June 30, then closed the offering for over $5M and converted Longtai for another $2M. That's just about $14M total. If their burn rate remains fairly steady, they are funded halfway through Q1 2018."