Titan Medical Inc (TMDIF)

[BIGKAHUNA57]

Reply 120943 Rocko, I don't dispute that possibility of JNJ or ISRG getting into the bidding. But, from what I've read about the loan there's language that says all of Titan's IP is tied up as collateral, until paid off, change of ownership, etc.

If I were to write that loan language, I'd include a Right of First Refusal. And any IP that's developed during these milestones is co-owned with MDT. So it just depends on the loan language. Further, I would hope that there's an early payoff provision. See, nothing is clear.

I truly hope for everyone that there's a bidding war. Per FaceTrain and his experience (Post 114234), based on the RAS market projected size between now and 2028 - Titan could be worth +$4-$6B, at a minimum. And I agree with FaceTrains opinion about MDT already owning more than 25% of Titan at this time. They could have easily picked up that many shares, and spread them across subsidiaries to keep them below the 5% declaration limit. The additional bidding would be based on the degree of desperation from other players in the market that feel they need ENOS, or become irrelevant.

Mc better realize that this IP can be applied across multiple platforms, and leverage the unique characteristics. MDT has already done their due diligence. That confirms for me the value of this partnership. Now it's down to execution and total value. Mc has to negotiate on behalf of the companies shareholders, not to get a job at MDT.

Good luck to all. Regards,BK.