BK, don't forget that the delay isn't so much on Titan as it is on the supplier for these "custom metal" parts from Europe which are delayed due to covid, according to Mr. McNally. And since these parts are for the Milestone 4 prototype hardware, chances are that Medtronic specified who the supplier should be, given that A. they are in Europe, and B. they should be positioning themselves with suppliers who can support the program once in production. So it was PROBABLY MDT's selection of supplier which is causing the delay, so naturally they will be quite forgiving about a "delay".
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Why so much gloom.....
It's terrible that the 4th milestone was delayed, but as I've said before there's a completely logical possibility.
The 4th milestone completion is the key to unlock the question(s) as to what's next with TMDI.
THE LOAN. With the most ridiculous provisions for a minuscule $1M amount, to pay off a consultant suit, and put all of the company IP as collateral. If that's not the biggest, most obvious LOOK HERE b/c this is what we're doing and can't tell you about it. I don't know what else they could have done with the gag-clause in place.
If the 4th milestone were to be executed on time, and no new amendments or addendums to the develop agreement - then the loan could be paid in full. Then TMDI is free to do business with anyone of their choosing.
This would put MDT at great risk, of sharing the IP that which they have licensed. Which at the time of the announcement was 10-14 patents? Martha hates that - his words. He's the new CEO b/c he was the former head of MDT Acquisitions. Or worse, another RAS med-tech company jumps in front of MDT. Don't think MDT will permit that so they said, "hey, tweak this" before we consider the 4th milestone completed. "It's ok if it takes a few months longer." What I think it means is "we don't want you to have the option of paying off the loan at this time." "Keep working on the 4th milestone."
Hard to know the real truth, but in spite of all the negativity and faux bashing of the condition of the company, NO ONE can deny the company is in the best shape financially and down the path of progress on ENOS.
Better than at any other time.
I will feel no sorrow for anyone selling between now and next summer. B/c no one knows what will happen tomorrow, next week, or next month. Once you sell, you will need to sit for 30 days for the wash sale rules..... Somehow that point always seems to be missing in the sell now and buy back later messages.
Good luck to all. Regards,BK.
