Titan Medical Inc (TMDIF)

[66Mustang]

The design freeze should certainly be a slam dunk. After reviewing the piece of the 510K application from Medrobotics, I have a greatly increase confidence in Titan's ability to get through FDA scrutiny without too much difficulty. Being in the med device industry, I do understand there is still a huge amount of work to do to prepare for it, but they seem to have a good grasp of what is needed.

As for eventual valuation, I'm not sure ISRG's multiple will be viable for Titan, and probably not even for ISRG in a few years... once we start a more heated competition for this market space. But I'll take whatever comes!

As for 10%, I still think it is an arbitrary number for estimation in this circumstance, but I also recognize the value of simplicity when it comes to just moving a decimal place. I have verbally advocated (among friends, just banter and just for fun) for a 10% flat tax in the US. If you earn a dollar, you owe 10 cents. If you earn ten million dollars, you owe a million. If your earnings are from an employer who withholds for you, you can be exempt from filing, and the burden on the IRS will be much simpler. No deductions, no exemptions, just 10% across the board starting at the first dollar and no cap. Would be very easy, very fair, and the government would need to figure out how to properly budget. My whole proposal is really just based on the simplicity of 10%, neglecting to figure out if it would generate enough revenue to run our country. But it sure would make my life a lot easier (and cheaper!).