Titan Medical Inc (TMDIF)

[elMoose]

Just to inform you what type of company that is likely to be.

It would be sort of like IBM, doing process and quality assurance till infinity and printing money for itself that is not used deliverable and charging millions as major contractor.

IBM has lots a lot of contract jobs because of this kid of scheming with IT operations that are never ending with process and quality assurance feed back work that slows the whole process to a crawl . These type of companies have to have have oversight even though they are major contractor.

It seems to me they are attaching themselves to stock market since government entities have become resistant in funding them.

It means that they charge something like $1000 to $2000 a day per head while they pay say $300-$400 per head per day doing the work and charging for process management on the top.


The longer it takes, they more they get paid because they rarely have contracts that are bound by deliverables that are on time.

They whole major contracting business is to add many layers to extract a lot of money for software development and I guess they have hooked themselves to printing of new shares for these small companies rather than big government contracts alone.