Titan Medical Inc (TMDIF)

[BIGKAHUNA57]

Post 115518 Roll: Those you named, and others fit the definition of an implied contract.

These are my thoughts alone. And why I'm scared to death of the RS language and why I'm not selling. Make your own decisions, and formulate your own thoughts to come to your own conclusions. Please.

What Is Intellectual Property?
Intellectual property is a broad categorical description for the set of intangible assets owned and legally protected by a company from outside use or implementation without consent. An intangible asset is a non-physical asset that a company owns.

https://www.investopedia.com/terms/i/intellectualproperty.asp

The following theory/guesses/speculation can only be further verified by an IP lawyer.

The following is an argument, with assumptions based on the goal of MDT entering, competing and winning significant market share in the RAS segment. My argument is MDT will acquire the SPORT SP RAS device.

The IP is not just the wildcard in the game. Sport is the vessel that transforms the IP into a usable machine that can change the game. And the device that can be used to compete in the shortest known timeframe that which I'm aware. Please someone/anyone provide other competitor device information. Now if you want to make the point that IP, means MDT can take the physical SP arms and just use the entire subassembly, that's a different argument. There's a distinction, but I can't make the distinction because I can't read the actual "license" agreement.

Someone should ask Mc what TMDI's definition of license agreement is. Is it just the intangible assets to only include patents, or does it include physical components too?

I'll make my point now. It could by argued that the actions taken and subsequent to the "license" agreement may be a verbal contract, or an implied contract. Which is why a venture capital company bought the $18M offer. Just to avoid appearing to have been orchestrated for both parties mutual benefit. That offer was probably, by definition, open to the general public. It's just a coincidence that the first company they offered it to, took the entire amount. Just a guess. Which is why it was for only $18M. It was orchestrated. Frankly, I would have made it $80M, but that would have created a he!! of a problem keeping all those chunks below 5%. So why didn't Mc go for more? Again, implied contract.

Further, to my point regarding the implied contract - the $18M raise is a milestone? (A condition of an implied contract?) And so now - one could conclude that Mc is on the hook for deciding $18M is enough at this time? I call BS. You get all that you can, at the time you make the offer. Is it possible our licensee, asked that only $18M be raised? Why, and for what purpose?

An implied contract is a contract that exists based on the actions of those involved. Though it is not a written or spoken contract, it is just as legal. A contract is assumed to exist based on the behaviors of the parties to it.

TimTeo - $1.25? You really said that and mean it?

Hi Scalpel. Good to see you around again.

IMO. Good luck to all. Regards, B.K.