Titan Medical Inc (TMDIF)

[staxco]

TMDI is not 'bleeding down and wiping out in 6 months.' There is ZERO basis for that. Titan is actually in better financial health than it has been in a long time, if not ever.

Going from memory, I believe it was stated in the MD&A and/or the conference call that Titan had $42.5M of cash on hand as of 2/20. The closing of the bought offering on 2/24 added another $20M which would bring them to over $65M. There are also two more milestones for the MDT agreement to be completed that will add $21M in revenue. That doesn't count the tens of millions of dollars available in warrant money. Some of which are already sitting in the money and many others aren't too far off.

The stock has gone up from $0.68 in November and is now over $2. Sure, it was higher and has fallen back some, but I don't believe it's from dilution at all.

I'm a lot more confident with the long term prospects of TMDI now than I was a year ago. Especially, with the MDT partnership and all the cash on hand. To me, things are moving in the right direction and are lining up for a Medtronic BO and a nice payoff. Good luck!