Titan Medical Inc (TMDIF)

[66Mustang]

HC... Not sure if you have forgotten already... They have contracted with Cambridge to improve instrument design and cut production costs. They received their ISO 13485 certification. They received their validation reports for safety and usability. They completed their user manual, one of the most critical pieces of documentation to be developed for such a system. Seems like they are somehow still accomplishing more than just leaving the lights on. These guys are not on vacation as you seem to portray them. Most folks on this forum don't want to believe it, but they are busting their humps to make what ever progress they can with very limited financial resources at the moment.

How does this play out? TBD... I wish I had the answer. But they apparently are not going down without a fight. I don't see any imminent groundbreaking news in time to float us back up to NASDAQ standards, but I don't really care about that. Being on NASDAQ was intended to provide us access to the funding which would keep us out of this financial bog. NASDAQ wasn't the savior so many people predicted, so losing it really isn't losing anything of value for the company.

Dilution, I care about. They could probably raise funds by selling shares and warrants for a dime or maybe even a quarter, but they haven't. So it seems they are trying to protect us shareholders by limiting dilution as much as reasonably possible. I am not looking forward to the day it really hits, and with these share prices, it will hit hard. But at least they aren't just giving it away. If they wanted to make their lives a little easier, they would have issued another 300M or 500M shares for pennies and screwed us shareholders (I am still one, unlike some of you) over for good. But they haven't. They are still working on our behalf - in spite of all the name calling and hostility that goes on here.


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Seriously, how does this play out ? They have Aspire to use to get paid and leave 1 light on.