Titan Medical Inc (TMDIF)

[66Mustang]

Boom, most of us here don't feel there is a valid comparison between TRXC and TITXF. Their system was CE marked in 2011 and they have 7 units sold. They have a system that almost nobody wants. From what we are hearing, surgeons who have gone hands-on with SPORT want to use it as soon as possible. We will most likely be selling systems as soon as they are offered for sale. Our market cap and stock valuation will follow an upward trajectory based on revenues, which TRXC has not had the luxury of receiving in any significant quantity. Comparing the two is not valid. Even if you backtrack, look at TRXC's splits and their price history. They were at $12/share in 2014. They were in the 20's in 2007. In the year 2000, they were briefly over $80/share! If Titan's old management team was still in power, maybe a comparable trend would eventually have emerged, but there really is no comparison.

Likewise, I am not going to recommend anyone look at ISRG's history and assume Titan will follow suit there either. ISRG had no competition whatsoever (once the Computer Motion merger occurred).

Also, the last private placement (with the group which included over a dozen surgeons) was reported to NOT include warrants. They may well be able to adhere to this model moving forward and further reduce future dilution. Assuming that warrants with every future stock issuance might not have much merit any more either.