Titan Medical Inc (TMDIF)

[RockoTaco]

You can eliminate Option 1 right now - they will not announce IDE for SPORT. Even though SPORT is done, it is now on the back burner b/c Titan is working on the Medtronic project and that is the IDE submission that will move the stock. It pretty much states it in the MD&A. What that means is that even if SPORT is ready for IDE (and it is), Titan will hold off on that until they complete Medtronics robot and they will file IDE for both platforms at same time. As far as SPORT being complete, that was the reason Medtronic came in and signed the agreement and partnership with Titan b/c they know Titan can build it and their patents are well protected. Also, very evident that Medtronic also was the entity who purchased the $18M offering, checked off Milestone #2 very quickly.

As for Option 2 and 3, can't speak to it but the proxy materials for the votes which will come out in a couple of days should be informative as to what they need votes on.