I will touch that one.
So Titan has a fiduciary responsibility to its shareholders.
Medtronic wants a milestone of a reverse split?
So by management wanting the reverse split, it scares investors to sell shares. In most cases, a reverse split is a negative thing. So you scare shareholders which drops pps with the selling. The reverse split happens then you inform shareholders that the second milestone is a reverse split? Do you know how angry shareholders would get?
It doesn’t matter whether there is 80 million shares or 8 million shares. If there is a BO amount, the distribution would be the same. If Medtronic wants to do a buyout with so many shares of Titan for 1 share of Medtronic, they just change the equation based on the number of existing shares of Titan.
Now why wouldn’t Titan inform their shareholders that the second milestone is a reverse split ahead of time and then shareholders understand why it is needed. (Because Titan is hiding a buyout to its shareholders???? Sounds crazy.)
So then you tell shareholders after the reverse split that it was a goal of Medtronic’s. Shareholders go holy shit!!! Why would Medtronic want a reverse split as a milestone?? I know. They are buying us!!!!! Volume explodes and pps goes through the roof!!! Does Medtronic want this to happen? Ask ROLL. Absolutely not!!!! Then BO price explodes. Remember Mazor??
So you deliberately screw over your shareholders and redact a reverse split milestone.
Does not make sense to me. But that is just me.
Titan is either going it alone and Medtronic is not buying them and as a result, a reverse split is needed followed by a raise to get us to FDA. Or, Titan is acting like they are going to FDA alone in order to get a bigger buyout from Medtronic. Remember, Randall told me Medtronic did not buy the $18 million in shares. So Randall is lying to its shareholders as well?
At this point, we are ALL mushrooms.
