Titan Medical Inc (TMDIF)

[BigT82]

Medtronic gave Titan a loan for $1.5M back in April. The 29th I believe.

Now they are writing them a check for $10M within 10 days of the agreement.

Then they will write 3 checks of $10M, $10M and essentially $11M as 3 milestones are met. Agreement is on Sedar for all to read.

Medtronic is paying Titan cash to license their tech. Huge!

No equity or dilution!

Technology is validated by one of the largest med device companies in the world. They don’t attach their name to this company otherwise...

I believe Medtronic will ultimately by Titan, likely within the next 12-24 months as the milestones get completed, FDA submission and ultimately approval.

This stock is going much higher. Management’s options are at $3.50 as a reference of what ultimate buyout price should look like. I don’t think management is going to settle on a double here.

Mazor was around $1.7B buyout I believe.

Auris was like $5Bish...

Exciting times!