Titan Medical Inc (TMDIF)

[QuidWilson]

At the AGM McNally addressed how issuing debt is ill advised for us now. You think we're fly by the seat of your pants now? Just wait until we have $600k+ interest to service each month...where does that cash come from...Equity offerings which we would turn around and decimate IF they fill? Not only is that a poor proposition to equity investors who we would need to attract, but we can't even complete an equity offering now without that huge liability. We would be taking a bad situation, making it markedly worse, and expecting to be rewarded for it. But who knows...the market isnt always rational. Maybe you are right despite being highly highly risky. I maintain issuing bonds at this point is a death wish. Once we have consistent reliable cashflows to service it, fine. I'd rather McNally wheel and deal the private investors or ratchet up the marketing for now.