Titan Medical Inc (TMDIF)

[BIGKAHUNA57]

Reply 124578 BigT, Further support for your details.

Here's the Sedar site and if anyone cares to read the doc's, look at the Final Prospectus. Filed on Feb 18, 2021. It's about 623K in size.

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00026560

All milestones are shown on pages 12 and 13.
Milestone 16's estimated cost is $19M, and scheduled for completion from Q2-Q4 2022. That's a wide range, but could be as soon as end of Q2. That's a nice positive.

Financing is discussed on page 28, Use of Proceeds paragraph 5.

Summary: There should be enough funds to complete Milestone 16
If the Company achieves Medtronic Milestones 3 and 4 and receives the payments from Medtronic in respect of those milestones, with the Company’s current financial resources and the net proceeds from the Offering, the Company expects to have the financial resources to be able to continue operations for 22 months and complete Milestones 3 through 16.

As some may have expected, there's been discussion of more open disclosure and transparency. Well, here it is. I'd say "now quit your b!tching," but that just wouldn't be nice. So I won't.

Thanks BigT, appreciate the details.

Good luck to all. Regards, BK.