Titan Medical Inc (TMDIF)

[66Mustang]

Mharb, the Aspire info was in previous Press Releases, under the same Investors tab (prospectus was sort of a business update as part of the filing package for the raise). I think Titan knew what they were signing with Aspire, and the restrictions on stock ownership are fairly prohibitive; I think it is intended to be used in smaller chunks as an occasional stopgap measure, sort of an insurance policy for the possible lean financial times. It is quite clear that this is for small chuns at a time, but some people here want you to believe they got all $35M at once and already pissed through it. They got a couple million. HC has actually been pretty good about providing some of those numbers shortly after it happened.

My take: December is about when this current round of financing gets burned. With a couple significant announcements to back things up (ISO 13485, IDE approval, IRB initiation, etc.) we could start seeing some of the low-$ warrants some into play, and we also could be tapping Aspire for another small infusion around that time. Hopefully these announcements will bring share price up enough that the next round of financing won't be so painfully dilutive!




Message in reply to:
66...i hear you. and i respect your opinions and posts. you don't seem to "pump" and are pretty clearly pro-success of Titan as am I. why would anyone want to see the company fail is beyond me.

that being said, the prospectus doesn't mention anything about aspire as far as I could tell when i skimmed through it. did i miss something?