Wednesday, June 17, 2020 7:48:26 PM
Jan 6 2020 filing....
You see back in shareholder letter in June 2019 McNally spoke of lease Chapel Hill...blah blah...now he points out in this Jan 6 2020 Filing agreement with Cambridge (they have been in talks only a few months).
Cambridge agrees to work on Sport system and take a shareholder stake too.So what?
This tells me Sport needed fine tuning and it was in need of improvements before TMDI was satisfied enough to go to FDA.
Bottom line...TMDI needed the 85 million more for FDA filing but was smart enough since they lacked funds to go ahead and make better improvements and see if they could cover the costs ahead of FDA when funds became available.
Yes, McNally blew smoke to old longs as early as knowing last spring,but what is done is done and not only are we having our neighbor Cambridge make the final improvements but picked up MDT in the meantime in the same area. Plus Cambridge saw value here and took common shares.
Do your own dd as these are my opinions connecting the dots.
A Blind hog even finds acorns every once in a while.
All is good."Get Er Done"..
link...https://titanmedicalinc.com/titan-medical-and-cambridge-design-partnership-announce-expanded-engagement-for-robotic-instrument-development/
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