Titan Medical Inc (TMDIF)

[MagnusProfitis]

Looks like she wants lower today. I am sticking to my 100-300 mill buyout target. Here is why:

- Mac has a history of selling companies on the cheap - do some DD
- Mac and co wouldn’t buy shares of this Nasdaq traded game changer with a 10 foot snake arm!
- 1/3 of the ‘best’ patents are currently priced @ 41 mill. To be fair I will round this up to 123 mill total including the other 2/3rds.
- They are hiring lots of engineers and finance people (likely Mr V’s henchmen). Could be setting up a turn key, but more likely going it alone.
- Will be interesting to see the burn rate from the last quarter. Mac says fully funded to 2022 - longs here should know otherwise by now!

So, if I am MDT and want to have a Titan’s IP because it is better having them inside the tent pissing out etc, then I would want to get them hunkered down below a buck before a buyout. Sub 1$ plus a 100% premium (feeling generous today) = about high ones to low 2’sb bucks a share. Plus a drop extra for the remaining patents and I estimate mid-two’s if buyout happens this month.

But I don’t think a buyout happens this month, or Sept. MDT will let Mac do what Mac does best. Tanking PPS and diluting.

Short below a buck - long the way back up.

It ain’t rocket science - right Honey!?

PS ROLL - QQQ and SPY are up today....hmmmm