Good morning. There have been posts that we do not know who is sitting on Titan's board from Medtronic. Yes, a steering committee was already formed and multiple members form both companies have been meeting regularly. We have not been informed who they are.
The parties shall, within ten (10) Business Days after the Effective Date, establish a joint steering committee and conduct a first meeting for the [Redacted] project that shall include an equal number of representatives of each party designated by that party who have expertise and authority to address the [Redacted] project’s research and development, clinical, regulatory, and Intellectual Property matters (“Steering Committee”).
In addition, they are having visitors presenting things at these meetings and both companies are listening in.
Another tidbit of information. Some people have posted "What happens if Titan does not fill the obligations of the milestones. Medtronic will not fund them.
The agreement itself sets the stage for a process if the milestones are not met on time. Found it last night but cannot find it this morning. There must be open communication so in essence both parties want these milestones to be achieved.
Another interesting point is the confidentially agreement outlined on page 17. Basically, nobody can talk about Fight Club. This is why we are in the dark. Also explains why CRNA disappeared on this board.
I guess I do not understand how Titan management can put a reverse split on the table when it does not give full disclosure on the agreement agreed to by both parties. How can shareholders make an informed decision when critical information has not been shared to its shareholders? Guess it is a mute point. I voted no for a reverse split.
