Titan Medical Inc (TMDIF)

[tootalljones]

CEOs in these little companies must never forget to cash up the company even if you don't need it for 6 months or even much longer, a year to 2 years. As soon as you get any positive news, do the dilution. It will erase the good news give or take, but then you will get new investors (unless the CEO takes the new cash and runs away together with one of his mistresses).

Dilute when you do not need the money, not when you need it. This is the sign of a good ceo, but most of these little companies are always so stressed they put off the pain. If you have a near term capital need, you have waited way to long and have made fundamental error, which is easy to avoid.

You never want to go to a source and say, Hey I need some money, let's do a deal, are you interested? but if not, I will just do a secondary. Whadya say?

You are better off saying, look at our balance sheet, we don't need money but I am offering you and you alone an opportunity here.....If you don't want in, that is fine, no skin off my a s s....there are other suitors who will probably jump at it.....blah blah
You gotta be a deal maker, and have put yourself in a position to simply walk away.....like he just did, the big guy.

Maybe tmdi's ceo will wait till the design freeze, but generally these much awaited known knowns don't rock the share price; but he may have another trick up his sleeve. .