Just catching up...
Lots of complaints here about no information, and then one post saying we don't want another shareholder letter... BTW, the last one was three years ago; it never happened under this management team. And I disagree; I do want another shareholder letter.
I wrote to Mr. McNally last week, and in the midst of this information drought, I asked if they might consider issuing an updated letter to shareholders, possibly in the fashion of Mr. Barker's letter three years ago. I have a friend who also communicates with Titan management much more frequently that I do, and suggested that any replies could be channeled through this friend. Mr. McNally's subsequent communication to my friend indicated that they do plan to issue a letter to shareholders some time after the raise is closed. I don't know the range of the information to be provided or the extent to which it may help allay investor fears, but if they are indeed on the right track, I expect the letter to be uplifting if not merely informative. I would expect that if it does happen, it would probably take at least a week or so to formulate a reasonable piece of communications and get reviewed by the executive suite, then another week or two to get through legal and regulatory reviews. I'm hoping to see something by the end of the month (if the whole idea doesn't fall by the wayside before it comes to fruition).
Also, it was reported that there were no issues filling the raise; they are just waiting for the Ontario Securities Commission to finish the approvals. I think someone else here had reported the Mr. Randall indicated it should be closed by the end of this week.
