Replies to post #30599 on Titan Medical Inc (TMDIF)

[IET]

Not entirely clear from the original press release, and I doubt it will be blank check to be used for anything, but the press release does state a "Titan operation office", not a "Longtai office." There's still some ambiguity in the wording beyond that.

Based on successful negotiations, the Distributorship Agreement will further lead to an additional US$15,000,000 investment by Longtai. The investment proceeds will be used for the establishment and support of a Titan operation office and facility in the Asia Pacific Region; establishment of a training program for the SPORT system; sales and marketing of the SPORT system.

[jetuomi]

And they will buy another 4MM in shares from us.