MX77, Good points. So the most important next event Mc can orchestrate would be to pay off the loan, and get all of the IP back in-house. But.... what about the MDT IP license agreement.(?)
That seems to be a point that gets missed in all these details. While MDT's license is exclusive, TMDI still owns all of it - and another company can only own our IP if they buy all of Titan. So MDT has 3 distinct advantages. 1) Advanced knowledge of any competitor conversation in the boardroom. 2) While the $1.5M loan is still in place, Mc can't speak to another company. 3) The loan has an option to be paid no later than 06.04.2023. That's a loooong way off. Why so far out for a loan set up to pay off the consultant lawsuit? And a few small IP issues that would be created with the completion of the milestones.
So the next big play for Mc would be the disclosure of what Titan will do after the 4th agreement milestone.
I really think the development agreements were to integrate Digital Surgery's software into HUGO. For 2 reasons. 1, MDT owns it and it's already been disclosed that it was included into their units overseas, which generated revenue for MDT this past quarter. And 2, Mc saw it and that's easy to see how it would be attractive as an obvious step in ENOS 1.1 if that type of product were to present itself to TMDI. The development agreement already states that they both own the IP. And I also think, it would be difficult to integrate a med device hardware sub-assembly into HUGO in such a short timeframe. Full disclosure - part of this hypothesis and info was gleaned from a couple of statements as a distinct possibility by Rollgard.
My best guess would be a renegotiation. The subject of which is anyone's guess. But it must be for A LOT more money than the last license agreement and development milestones. It would be a big deal if some of the Mazor language could be included in the next phase too. That would definitely launch the sp, so I seriously don't see MDT including any of the details or permitting Mc to speak about much. So, I would conclude if it's another muzzle, then it's a very big issue.
Just more grist for the mill.
Good luck to all. Regards,BK.
