That part of it is certainly a head scratcher. This is just a hypothetical but let's assume JJDC is who bought it? (I understand it's very possible they didn't). If Titan then went back to the well for another 15-25 million and JJDC were to look to buy it up would they not have to buy just enough shares to stay below that 20% ownership threshold if they are interested in maintaining their secrecy? If the company who had bought that May 2014 offering tried to buy up another $20 miilion dollars that may make them a greater then 20% owner and that would have to be put out to a shareholder vote? No?
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