LTG - I am a pretty pessimistic person but there is NO WAY they will need another financing in 2016 - NO WAY.
If they can't deliver the prototypes on time and as promised then its game over. That won't happen IMO and that event should put some of the remaining warrant tranches in the money - hence some will get exercised to keep em going in terms of funds.
This is a distribution agreement not so much a manufacturing agreement. SPORT is ahead of schedule, I go back to my previous prediction - SPORT beats surgibot to the global market.
FYI, TRXC has no international distributed agreements for their products. Looks like TITXF has leaped over TRXC.