Titan Medical Inc (TMDIF)

[Element41]

Backfermore, I'm not of the same view as you on the $9 target. I respect your opinion on a valuation, but thats just not how it works. Any offer will be subject to an independant(s) valuation(s) process that will be decided by a special committee formed by Titans BOD. What are some of the metrics of a formal valuation? R&D spent & left to go, historical market valuation & "reasonable" premium to last close and usually a double digit percentage as opposed to a triple digit percentage let alone a four digit percentage premium which would be required in your $9 valuation. Commercial value cannot be measured as its not even FDA approved yet. The only trump to the formal valuation is a competiting bid(S). If ISRG is interested, I believe it will be an all stock offer which they believe will benefit current holders with a continued exposure in the success of SPORT within another entity. Conserving cash is also another reason for all stock while benefitting from their sp at near 52 week high.