Reply 113963 Sport19: I did read it. It's not the actual agreement and the way it reads is ambiguous at best. The only traction I get from reading it is the intent. No details. I agree with the conclusion that there are 2 projects going at the same time. One for MDT development, with the inclusion of licensed TMDI IP. The other continuous development of SPORT. I don't see any clear "planned" intent of a reverse split - again. I see A LOT of a$$ covering. And I don't see anything obvious of MDT developing their own single-port. I think TMDI has been tasked to work their IP into a multi-port. I can't say whether it's HUGO or TMDI's. I can't figure out why MDT would make TMDI generate $18M, or why only $18M as a milestone. I can only guess that MDT wants SPORT to be finished, because they want it. Otherwise why include a separate milestone for $18M? Martha says "hey go get $18M, and we'll give you another $10M just for doing too? Further, IMO - Titan puts out an offering and it's covered in a few days of announcing this "what-ever-you-want-to-call-it" partnership? I'd call it a conditional partnership. With one partner paying $10M up front, and the other raising $18M because the 1st partner said so. (?) Reality is stranger than fiction, and I'd be really surprised if MDT didn't buy that offering, in order to control its own destiny. If it was anyone else, not friendly to MDT, MDT's BoD and investors will go bonkers. IMO. B/C now a competitor owns a big chunk of the Med device mfr that MDT is counting on to integrate into a their multi-port, and owns a big piece of a new dynamic competitive RAS single-port. And it would appear MDT can't get their own robot working or well enough to compete with ISRG. Hmmm.... pieces have to fit neatly into place. I don't see the fit the way you're describing it. I do agree with your cautious posture, because Mc has done stuff that has been terrible for investors, and he has lied. Period. Back to MDT - they have enough cash, a clear path, experience and vision to swallow TMDI. I think these milestones are a test to see if TMDI can become the mfg division. That fits with MDT needs too. Perry Genova also fits b/c of all those options to keep him as Exec of R&D. SPORT is an obvious fit. The rest just makes the story more interesting. "How to create a solution to secure revenue and growth for the next 10-20 years." Or, a competitor stepped in and screwed that plan up by buying the $18M offering. You could be right. (Nah.) Again, don't see MDT letting that happen. There is just no other mfr on the horizon MDT could be working with on a competitive multi-port to compete against ISRG, AND develop the other RAS market segments at the same time. THAT IS A COUP. That's the disaster scenario for ISRG. Good luck to all. Regards, BK.
