Titan Medical Inc (TMDIF)

[Honeycomb777]

4 rich people (Mary, Marty, Maggie, and Marilyn) Hot spouse's of high earning surgeons (especially Marty) meet with each other and then Titan.

They say - Titan, we will each loan you $25M with a very LOW interest rate, payable in full at the back end of 2024. BAM - Titan receives $100M in cash and new life is infused !!

Before they approach Titan Mgt, though, each of the 4 accumulate 1.69M common shares at an avrg PPS of 45 cents. Each spends $761,000

Total outlay - $$$ gone for:

Mary = $25,761,000
Marty = $25,761,000
Maggie = $25,761,000
Marilyn = $25,761,000

All 4 rich ones own just under 4.99% of the company so they DO NOT have to report. They make a pact to ensure that Titan gets on the ball and fixes the issues and gets this to FDA approval.

With this new "life" - Titan shares shoot up. to break even - just break even...PPS needs to reach $15.24 PPS in a buyout situation EVEN if they wouldn't payback the $25M to each of the 4.

SO, to avoid that possibility - they make Titan take out insurance to pay them in the event that it never gets sold or passes FDA. In that case, the most they could each lose is $761,000. Thing is I would argue that they CAN'T LOSE a penny because PPS would run way up with an announcement of $100M cash infusion. All they would have to do is sell 381,000 shares at $2 to ensure they make $$ on the deal. Their is NO RISK to any of these 4 rich investors. It's Why you have a thing called insurance folks. So, where are my other 3 rich investors ? You serious - let me know, cause I am !!! This device can be put back to the state of when 45 procedures were successfully performed and revisited from that point.