Titan Medical Inc (TMDIF)

[elMoose]

Here is what I think will happen in absence of getting financing in this round, they will likely declare chapter 11 and shed their investors and any debt that they may still have.

There are goons in investment community that will play this behind the scenes and writing the most profitable scenarios for themselves and not shareholders.

If they wanted to sell, they could have sold it already ; The robot will find a buyer in Asia if no where else for at least 50 million or more. They will even fix any software issues for them.

I believe that Titan is probably going to take the next generation of the robot to FDA approvals now that they are so late because of one their milestones that I saw makes no sense. So Titan has probably changed its mind as to what generation of robot is going to be taken to FDA approvals and that is the cause of all this because they probably want to have a robot that they can actually sell.

At this point I believe that the shareholders will have little effect on future of this thing. They have lost 75% of their investment in just one month so it is not unlikely that will not take the remaining 25% away from them soon by going chapter 11. I hope that I am wrong. Brutality is name of the game here.

There is no way that they could not have produced a robot for IDE submission next quarter even based on the current submissions as far as I can see. So, I think that perhaps they could not sell the first generation and repeat the process again for the next version so they had already given up and were going to flush this.


I don't believe that one can buy this or short it till it's financing status is known to say the least.