Replies to post #12903 on Titan Pharmaceuticals Inc (TTNP)

[Doctor Detroit]

I may be wrong, but what the situation says to me is:

1. If there is no partnership deal by May 14, Horizon wants to be repaid in full through Titan doing a $10 million offering. Titan could do a smaller, $5 million offering and repay Horizon $1 million, but the day after that is done Horizon could declare Titan in default under the material adverse effect provision in the loan agreement.

2. If there is a partnership deal by May 14 that provides enough cash to last for awhile, Horizon is requiring Titan to prepay only an additional $1 million through an equity offering of $5 million.

[turks]

Thanks,one question,why would it take to relaunch probuphine again.That's long.....I figured a few months.everything is in place no?they need to switch over,should not take over a year I don't think.Titan knows that they to move very quickly.