Titan Medical Inc (TMDIF)

[OR Nurse]

Product completion makes zero sense as a milestone completion. Why would the board introduce a reverse split possibility and then announce to its shareholders the second milestone was a product completion? That would go over really well. Apparently, titan has a fiduciary responsibility to look after its shareholders though I have not seen it yet.

"We were just joking about the whole reverse split thing. Sorry. We knew completion of ENOS will skyrocket the stock. Oops!"

Secondly, the agreement has so many redactions, it is ridiculous. Why redact the agreement, announce a possible reverse split and then announce ENOS is complete? And as you say, the pps shoots to $30. What if the buyout was $20 per share? Then what?

"Sorry shareholders. You were holding your shares at $30 but we sold the company for $20 per share. Oops!"