Titan Medical Inc (TMDIF)

[66Mustang]

PPS might be going down because we just discovered that we were hit with an additional 5% dilution. The further downside potential for this activity is that it could be repeated a couple more times, based on the number of warrants they still own. On the upside is that Titan would collect about $6M each time it may happen.

I have not reached out to Mr. McNally since the beginning of the year. His response to me was only that they were working on the shareholder's letter which came out a couple weeks ago (and that response was filtered through BigT; we do keep in touch).

If you are asking if it makes sense for Mr. McNally to exercise his options now? I am not in a position to tell other people how they should spend their own money, and I am certainly unfamiliar with his personal finance situation, so I would make no such recommendation. I would agree, however, that it would be a great move on his part, as a show of faith to the investment community in general, to take on some downside risk.



Message in reply to:
We’ll see 66. I’m hoping your right for once....
So why is the PPS still going down when someone just paid 3.20-4 dollars?

Did you ask David if he will exercise his options now? Makes sense according to you right?