Titan Medical Inc (TMDIF)

[RobLowe3MD_TN]

They were very intentional around mentioning Medtronic

It's to keep the hopes alive of the retail community about the potential for an MDT buyout (which already happened when MDT got the IP they wanted). Note that Vance was at Covidien over 12 years ago - that's a long time - and by the time MDT merged with Covidien, Vance was long gone. So in reality, Vance had no overlap with MDT at all. The parenthetical is arguably disingenuous to link him to MDT.

Separately, they run a 6-9 month CEO search and all they come up with is an existing board member to fill the role who hasn't been an active CEO for years - i.e., he was dragged out from retirement. That tells you no one else wanted to do it - the question is, why? Was it because they didn't want to take a sure thing MDT buyout payday or be a part of the imminent launch of a transformative medical device? Huh, I wonder what they saw that many here don't ...