Not trying to validate a shorters point.
But, whether $.03 or $.055 it's still the truth. McNally did the worst job of planning, executing and supporting the sp when we entered the NASDAQ. I don't think anyone would be happy with a $1.00 sp pre-split either.
Until TitanLabs was established, my only thought was that Mc was trying to put this boat into any workable condition from which to sell. I'll bet he got an offer, or two but not enough to pull the trigger. Or fend off any BO lawsuits. That's completely changed. And, to his credit when he had the funding did make TitanLivingLabs (TLL) and created an IP juggernaut.
Interesting point(s) - he hired Dr. Genova, then created TLL. Clearly. He needed a VERY bid gun. And you don't catch big fish w/out big bait. I'm grateful Dr. Genova decided this was worth risking his reputation.
It would to be a big risk spending money the company didn't have when they created TMDI US. So the question is how far back was MDT involved, to be sure you (TMDI) would have the resources from which to develop IP in-house? Just leads me to further conclude MDT has been involved for much longer than previously dated events. The leases in Toronto, and now NC were points from which to draw additional clues. TLL does give us a true level of independence should MDT really screw up, and give a competitor an opportunity to bid. And my point - MDT wouldn't have started that far back to assist with funding for TLL, if they didn't have a strong commitment to own TMDI. Why develop an IP juggernaut, to later compete against it? I just don't think we get out of milestone 4 without some form of further MDT agreement with limiting conditions.
The BOD and Mc better understand this next move MUST be the last conditional agreement, and it does not include all of our IP/resources, and have the ability to walk away, with an early payoff provision (should another potential suitor establish their presence). IMO - I don't see MDT permitting that to come to fruition.
The really bad thing about my initial point is anyone that invested pre-split will never be made whole again, without further investment to dollar-cost-average down. It would be nice to know the BOD did exercise good judgement and include conditions for sp performance with his options. The BOD has to realize without those initial shareholders there wouldn't have been a pulse at TMDI from which we exist today.
The bad news is that it's highly unlikely the current larger shareholders would approve any idea that would cut into their profits that were established from a sp that is more recent. So further discussion is unlikely to create an opportunity from which to recover any losses from initial bad performance/planning. So talking about how bad Mc's decision were has become "moot" over time.
I can agree with that.
Good luck to all. Regards,BK.
