Titan Medical Inc (TMDIF)

[RockoTaco]

You are absolutely spot on with this, now that Medtronic (who took up the $18M offering) owns roughly 19.6%, a RS is dead. Another poster (who is knowledgeable) stated that doing a RS now after Medtronic takes this stake would open them up to another entity (i.e. JNJ, ISRG, Stryker, etc) to come in and leap frog them from an % ownership.

LET'S do some math (in my highest HC777 voice) and use 80M shares outstanding for simple minds on board. Titan issues a 1-8 RS and outstanding shares drop to 10M at a pps of $6. There is absolutely nothing stopping JNJ, ISRG, Stryker or any other company that desperately needs to get into robotics from offering up $60M to take a majority stake in Titan and then steal it back from Medtronic (who just took an almost 20% stake in Titan). Just not going to happen and Medtronic is now the largest stakeholder in Titan so they will not, can not, shall not weaken their investment and position with a RS. A complete asinine idea. I actually have to believe that JNJ, ISRG, Stryker, etc are hoping that Titan makes an idiotic mistake and RS bc they will absolutely come in and steal this from Medtronic.