Titan Medical Inc (TMDIF)

[66Mustang]

Some fairly simple math here...

$55M in cash. Just over 5 quarters left to end of 2022. Burn rate of $10.9M/quarter. Times 5 quarters, that would be $54.5M. And someone thinks this is bogus? $10.9M per quarter is a surprise? Or is it simple math, but by pretending it is extravagant, one spins a negative connotation onto what is really good news.

Let's compare that to Vickie (Vicarious). $1.1B in funding. That's more than a 1000 quarter budget, or 250 years of funding at Titan's burn rate. So... Is Vickie gonna take 250 years to get to market? Or is Titan's burn rate actually extremely conservative (and therefore IMPRESSIVE!) for the task at hand, when compared to the so-called "competition"? And what does Vickie have to show for their extravagant budget? 4 patents and a handful of lawsuits. What does Titan have for their relatively meager spend rate? A fully functional robotic surgery system, touted by one of the most experienced robotic surgeons on the planet.

See how simple math REALLY works when one has the right frame of mind and isn't trying to sabotage their investment?