Titan Medical Inc (TMDIF)

[drmacd]

DF means nothing. FDA approval means nothing. What I mean to say is that they are not unimportant but in themselves they are not that meaningful unless the cash drawer is full. That means they need about $150M in cash to be taken more seriously. I do not see how the SP can go up if they need to keep diluting. Clearly there is a disconnect between management goals to keep jobs vs defend shareholder value.

A partnership with Intuitive would be meaningful even if they had to assign the rights over in exchange for 50% of the free cash flow nd management might get to keep their jobs if they structure it correctly. Agreement would need a timeline term to discourage slow movement from the partner to protect investors.

Otherwise an an angle investor will need to appear and in this market that is NOT likely. Wainwright will finance this but investors will not like their terms.

Acquisition might occur but that J&J sweetheart deal made absolutely no sense. The valuation was completely over the top. Someone will be fired over that massive mistake. This is a wildcard that may work out for investors but give it a 10% probability prior to roll out.