Titan Medical Inc (TMDIF)

[Noemotionseller]

By the looks of it, they are cash positive by approx 40-45 million dollars with this last raise. In 2nd Q they used around 6 million with intensive development. That leaves them 7 quarters of intensive development which they shouldn't need... 4-5 more quarters and then it is submission to FDA which should be much cheaper like the quarters of 1-2 million. Therefore they have the money to get to FDA submission and beyond.... maybe they will need a little more at the end or maybe that could come from some Euro sales. Either way, I think the next year is left now to concentrate on finishing the task at hand with enough money. The PPS tanked today, but I think it is all good in Titan land. Just going to take a couple of years to reap the BIG rewards.