WHY would they need to ? THAT is a sign of weakness because in 5-6 months...PPS will naturally be well over 60 cents CDN when millions of dollars can flow in from warrant exercise. Let them raise more naturally.
I am expecting news that latest raise has closed for the extended sum. If it's less than FULL interest there is a problem and if they DO YET ANOTHER raise soon (say now or after the 12/5 meeting there is an even more serious problem IMO). If we got the goods the future will more than take care of itself. They should have been this eager when PPS was over $2. Thx JH
** THEY HAVE more than double what they need just from warrant exercise and can always do a PP from an Int'l led group of robotic surgeons later on.
How can they do another raise when they haven't closed this one? I still don't understand how they are doing a public offering without a shelf registration. I didn't think a shelf was optional. Apparently it is, at least for Titan. Remember MacNallys first raise, he said the company was limited in the amount of funds they could raise because of the amount they had left on the shelf. More recently they had a $80m shelf. Then they withdrew it. Also had a filing for the selling of warrants. Don't know what that was all about. Will they be clear about how far these funds take us? Hard to make an informed investment here.
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