Titan Medical Inc (TMDIF)

[Honeycomb777]

GEO - Regarding 8621...

It is not mandatory to file this form unless there is a distribution of income from a passive foreign investment company (PFICs) in which a U.S. person is a shareholder or a disposition of the shares of a PFIC by gift, death and most types of otherwise tax free exchanges or redemptions. However, taxpayers or preparers will not find a statement to this effect anywhere in the instructions to the form or in the applicable IRS regulations.

So, again, I ask - when did Titan ever distribute income ? They never paid a dividend. Anyone who sold likely LOST money