Over my anger. Reviewed some of the posts and thought about it some more and tried to be objective.
People are saying they just threw the reverse split language as a precautionary measure just in case share price is not over $1. Nothing has changed.
Titan needs to put out PRs to get his thing back over $1.
Wait until October to see what happens with milestones before selling. The share price will get over a $1 by then.
My thoughts. You haven't made your mortgage payment in 7 months and you sit down with your family and start talking about a contingency plan to walk away from your home and rent a more affordable place to survive. You don't sit down with your family and make contingency plans if you know something good is coming in October.
If Titan has information they are hiding they should have gotten this news out a long time ago. Why hide the news and be silent while the pps drops below a dollar? Seriously? So if Medtronic is partnering with us and buying us out, you mean to tell me they are watching Titan's pps drop and saying "Oh well, sucks for them." Or if they are waiting for price to drop more so Titan's buddies can buy on the cheap before the big announcement, how are you going to feel then?
Titan had to have been in a horrible situation financially to sit with Medtronic and agree to a $41 million dollar deal but, as people say on this board, Medtronic is now controlling them and not allowing them to do press releases? Come on. So Medtronic controls press releases, the pps tanks, we are forced to reverse split and the buyout price goes lower. Three independent analysts have to come in and determine value for BO. Correct? That is what is being said here. What are the analysts going to think as the pps continues to drop? That is okay, value is still $5 billion.
Sorry. The logic makes zero sense.
If you are on the naughty list for NASDAQ, you do the things you need to do to get off the list. Period. How did you get on the naughty list to begin with? It did not happen over night.
My guess. They knew the news on the reverse split would drop the share price. Medtronic did not buy the raise. They are not close to FDA submission. Once the dust settles and they know what the final share price will be, that will determine the reverse split ratio. 1 for 5 or 1 for 10. The split will happen. They stay on NASDAQ. The pps dwindles with no updates.
AI
