FatDon, somewhere in the minutia of the wads of paperwork generated around the Medtronic deal and the $18M funding milestone being met the next day, there was an indication that the $18M sponsor was capping the actual transaction at the 4.99% ownership threshold and the balance was a purchase of basically pre-funded warrants, exercisable for some teeny fraction of a penny, with like a 5 year expiration date.
So looking at the more obvious information regarding that funding deal, we know Titan got $18M to meet the milestone. We know Armistice bought $3.5ish million $$ worth of shares, which had to be declared. So the questions become...
If someone else bought $18M in SHARES, why did our outstanding share count not go up by that much? (answer: balance in pre-funded warrants).
If someone else bought the $18M in shares, why was a nice $3.5M side deal by Armistice not separately announced or PR'd? (they have PR'd smaller buys in the past; ask the Surgeon-led placement folks...)
If someone else bought the $18M in shares, why has no other paperwork or filing come to light to show details? (answer: oh, they have 30 days... no, wait, it must be 60 days... Oops, I think it's 90 days... well here we are 90 days later and no additional investor group has come to light with required paperwork.)
We have been given pieces to a puzzle, and I can only find one way for all those pieces to fit together. And I'm typically pretty good with puzzles!
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So 66 you are confident it was armistice that acquired the 18m ? Someone said the filing on the 18th of june was just to demonstrate voting shares .
