Titan Medical Inc (TMDIF)

[Geo2014]

So just an assumption, and we would need clarification from an accountant, but I believe the PFIC status is still tagged to any shares purchased prior to this transaction. I have always respected Flenderson's input on this board and he did tell people to do their own due diligence on this matter BUT I would never suggest to anyone that they should overlook this potential tax implication on shares purchased prior to incorporation in the US. It is a fairly simple process to submit Form 8621 and checking the QEF box. Better safe than sorry folks.