Titan Medical Inc (TMDIF)

[Facetrain]

A lot of confusion has been distibuted on ihub and twitter concerning the future prospects of Titan. Apparently from sources either lacking understanding how medical devices are developed or motivated by other reasons.
Despite Mr. Cataford stated, that the Board considered the Exchange of the CEO since a couple of months, the immediate booting out of Mr. Mac Nally smells and there may be more fire behind the smoke than reecently published.
A CEO manyfold during the year talking "everything is fine and the project has never been in better shape" and all of the sudden proclaims 2 1/2 years delay clearly has either violated his duty of supervision or simply lied. However the same duty applies to the board of directors. I assume I am not the only one who feels that fraud may be an issue here. Anyway MC Nally is out and things may improve inside Titan.

So whaT?

1. Delay: I did never understand why Titan aimed for an FDA approval first. Like many medtec companies Medtronic went the CE Route for Hugo first. Despite the entry barriers for a CE mark have strongly increased by the new MDR regulation it is still by far shorter than an FDA de novo pathway. If it is true what Titan has published concerning technology progress 1 year until CE mark seems feasable from my perspective. My own company is currently in this MDR transition process. One hurdle for Titan may be the current shortage of electronic components; bur that will be solved in 2022..

2. Partners.It is a matter of self understanding that Titan has no chance to do it alone. And it is obvious that the whole surgical worls is changing towards RAS. There will be multiple companies knocking at Titans doors once they are free to negotiate. I did not understand why Titan did not intensify the fruitfull co-operation with the IHU in Strasbourg. Karl Storz is one of the IHU founders; may be due to Secrecy resrictions by MDT?

I strongly hope that Titan will be more transparent in the near future. For the time being the lack of transparency is detrimental and noxious for any investor.

Best Regards to all Longs
Facetrain