Titan Medical Inc (TMDIF)

[Honeycomb777]

Let's try some LOGIC, shall we ? IF and yes its in Caps and Bolded, there was another "suitor" with ANY legit interest in TMDI, why would Mc suddenly resign ? THAT would be a FEATHER IN HIS CAP...a possible bidding war between 2 BIGGUNS - are you kidding me?

LOGIC tells me:

1) the BOD carefully reviewed his performance and wanted him to go

WHY ? The IDE 2022, then comes the it's the "delayed" issue just days later

2) Internal strife as employees like Genova and Brar LOST A TON of paper money over the past 8-10 months.

UMM - 1M and 250k option awards with an exercise of .962 were once over $2.45 IN THE MONEY

3) Pressure from loyal longs that have had it with Mc

WHY ? No skin in the game and all of the lies / pulling of timelines and costs etc.

*** MDT is in full control and its more of the same or a firesale. It's completely their choice as Titan is truly at their mercy. If not, tell me how Titan has an ounce of leverage when cash runs out by early Q4 2022 and no product to sell ??

More plausible scenario - Mc flatly denies/dismisses a lowball offer and Martha gets pizzed and now envokes Plan B - which will be less attractive IMO. I would be surprised if they outright walk but they likely will extend with WORSE terms for Titan. Again, what is TITAN's alternative? THINK it out


GLTA