Titan Medical Inc (TMDIF)

[tootalljones]

the market is amazingly smart over time and it will work thought the fraud company PRs.
It is hard to own a company which does not own anything. This is less than a biotech because in biotech, the baby bio will typically have 2 or 3 compounds and claim they are effective but they are still in testing. But the company at least has them. They do not need to be built they exist. With TMDI they might have at least said we own valuable patents, but they just took ten million for them to be "given" to a massive dominant corporation. So now, what do they own? They need 50 million more dollars plus, they have no assurance that even with the 50 million, they will have something. Money is not a robot that works and makes sense. So now what they really have is cash. They own cash, about 8 million but the market cap is almost 10X this. The rest of the cap therefore is attributablte to the possibility of a robot in a year, a robot that is effective and can get through government approval, or the possiliity that MDT will buy them out or partner with them. So the play really is based on this last consideration.