Titan Medical Inc (TMDIF)

[BigT82]

They have 230 employees, wow! Their cash burn rate must be huge!! Using funds to build out a new headquarters... Wow, their investors must be getting a screaming deal! Perhaps like the equivalent of SPORT at $2?

Also, their CEO says that it takes about 10 years to bring a med device from idea/design to commercialization... Sounds familiar. They are going to do it in 5, so they say, which is well done.

Our current management has only been working on the “current SPORT design” for about 8 months, all in they have only collectively (David, Perry and Curtis) been here a little over 1.5 years...

Sounds like they will only launch, maybe, in Europe in the next 12 months...

Btw- we have no idea at what valuation they raised that $100M, and that is less than 12 months from when they raised $46M. And at what valuation?

Sounds like they have a good team, but not an apples to apples comparison Sport.