Titan Medical Inc (TMDIF)

[devicerep888]

The Mazor deal might make more sense now. Mazor and MDT had reached an agreement on the buyout price, which was much higher than the current trade price (at that time). Making the MDT announcement that they were making three significant investments into Mazor drove the PPS up. Got the PPS to a level where MDT could come in and buy out Mazor, without Medtronic shareholders claiming they over paid for Mazor, while still showing a premium for Mazor investors.

Titan is not properly valued on the market for what a robotic platform should be. Titan will need to follow the same playbook, with a series of Medtronic investments into Titan, which in turn will drive up PPS. Once that continues to happen, overtime the market cap will then be more in line with other robotic investments