Titan Medical Inc (TMDIF)

[JGCola]

Or... maybe they had an interested buyer but finally realized what the village idiot already knew: that it is a very bad idea to sell over half the cie including its control to a single entity for peanuts when you can sell the whole thing for about a couple hundred millions.

It just didn't make sense to me that they were willing to so obviously risk losing control of the cie. That raise was clearly a suicide pill for everyone including MGT. Over 50% dilution for shareholders in exchange of something like 20M. What a joke !!! They deserve "Dumbest MGT" award of the year just for trying that raise. Maybe they deserve some time in prison too.