Titan Medical Inc (TMDIF)

[hopefulinvest]

I have invested in the stock since it was in the 2 dollar range and have bought on the way down to reduce the average stock price. The only reason to stay in the game is if you believe in the company. When the stock hit ten cents I bought another 100000 shares which brought my break even price to .285 per share. As is always the case start up companies always dilute the initial investors equity when they need money to pay for salaries and capital expenses.

Based on the number of outstanding shares and the value of competitors a fair market range for the stock with no sales but a viable working product without FDA approval is the 1.00 to 1.20 range. With FDA approval that would go to 3-4 dollars.

Thats why it is important for those invested at higher price to price average when the stock is low. Always investing just like gambling not over your head and with money that if your entire investment disappears it will not affect you significantly.

I am a surgeon working with the intuitive robot and would say that intuitive was not very customer friendly to surgeons and many surgeons would love to use another companies product.

Whether that will be titan's time will tell.