Further thinking about this, perhaps this signals that Titan may be getting ready to "unveil" the SPORT Surgical System to the public/investors? Just a thought.
How were the shareholders compensated once the common shares were cancelled out? Legally you just can't cancel someone's shares and say Sorry your SOL....
I think that is exactly the type of scenario this new rights plan is designed to protect against. Curious, did your friend lawyer up? Because that could likely be argued as a defrauding of shareholders. Im sure they paid him market value for the day they were canceled at least, but still. Was their fine print that stated they had the right to cancel common shares or something? Sounds odd. Never heard of it outside of bankruptcy.
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