Replies to post #5651 on Titan Pharmaceuticals Inc (TTNP)

[Doctor Detroit]

We will know soon enough: the stockholders meeting to vote on an increase in authorized shares or reverse split is supposed to occur by the end of August, which means a proxy statement for the meeting should be filed sometime in July.

Personally, I favor a reverse split. To me, the hardest ground to cover is the move from a sub-$1 penny stock to the $5 range where institutional investors will take note and buy up large positions. I think we would take an initial drop of around 15-20% in price if plans to effect a reverse split were announced...as it is conventionally viewed as a negative.

Right now, the stock price is $0.83 cents a share with 110 million outstanding, 138 million fully diluted. Assuming we slipped to 65 cents a share on the announcement of a reverse split, a 1 for 4 split would put the price at $2.60 a share with 27.5 million outstanding, and allow us to uplist to a real exchange (Amex or Nasdaq). I don't believe they would want less than 25 million shares outstanding, as that is very atypical for a publicly held company.

I believe TTNP would be in a much better position to benefit from approval of an NDA...with the share price rising immediately to over $10 per share (the equivalent of $2.50 per share with today's capitalization). Past $5.00 a share, the institutions get into the game...and the price climbs steadily. With today's capitalization on the OTCBB, I think we will be hard pressed to break $2.00 a share on NDA approval...lack of institutional interests and OTCBB games stack the odds against it.

[turks]

Hi truth, think your right about timing been everything.These guys are got way smarter.My concern was always about the RS,but the way they worded it is real good and smart.First they have until June of 2016 ,one year to do it the RS,hey ,we will be approved way before June 2016, The board,the option to cancel the RS if they see it not necessarily to shareholder benefit,because they know that they want to be on the nasq,because of reasons they listed,bUT they also want to protect themselves if, only if after approval the pps still stays below 2 or even 1pps which I doubt but the market is one strange beast especially otc,that is why they want to move to better exchange.Also they all own a lot of shares,and don't think they, after a lifetime of setbacks they want to screw this up because they could be all be making fortunes with the amount of shares they have.Think they are preparing for an approval a possible early one.Like I said a while back the amount of shares they have is really not that great and if probuphine becomes the the gold standard then the market will have to reflect that by increased pps imo way over 5pps just to be conservative for the first time.Seems they are actions to protect and increase share value just in case.But "the" braeburn is the unknown,if they merge they save over 200 million,keep all titans royalty and have a tax credit of over 200 million and control all future activities and own all PN delivery potentials and more.Hey there backed by Apple fund muti-billion fund not bad.Guess time will tell.