To The Group: I have to ask myself: Why would he do something like this? There's got to be a reason b/c raising $10M right now MUST have more value than trying to raise $10M later. My estimates assume Titan has enough cash and future milestone payments for another 8-9 months. So does the timing of this raise fit with the MDT B/O speculation?
Who do we know that would want, or benefit from owning more of Titan at this low pps? Answer: ANYONE. But who would benefit the most? My guess would be anyone that knows the details of the development agreements. That "someone" has the most information.
The following is pure speculation:
A) Perhaps - Bloom Burton says, "Hey! Someone wants to throw $10M at Titan, but wants it all at once and not at the present PPS." Mc tells Martha. Martha can't say no - that would constitute a verbal contract as he would be controlling Titan. Seems plausible b/c the word is getting around MDT is on the hunt, they have a well-established track record of acquisitions. Mc just did an investors conference. I said sooner than later Wall Street would start to pay attention. This is not my highest probability scenario, but plausible.
B) Perhaps - Martha says "things are getting interesting in the open market." "Someone I know wants a chunk." Would Martha be concerned if it's done in the open market? Yes, b/c it could accelerate driving up the PPS. "Make it look like a raise - but as a bought deal. I know a guy." Seems plausible.
C) Perhaps - Cambridge comes back and says, "Hey, that thingimadooker you want to add later to ENOS can be integrated right now, b/c we just freed up some additional resources in the lab. And it will be better to do it while the "hood is off." But it'll be another $10M now instead of $15M later. Waddya think? Plausible.
I'm guessing B or C started this raise.
Enjoy the entertainment. Good luck to all. Regards,BK.
