Was one of those raises from the group of surgeons who asked if they could dump millions of dollars into the company coffers? I don't specifically recall the timing of that. But I can understand Titan not wanting to turn that down when it drops into their laps, especially given the ability to use that for marketing purposes. They have said there will be raises of some sort in 2018. Mr. McNally does read his emails and has responded well to mine, so if you have rational suggestions as to when they should do these upcoming raises, I'm sure he will read them and take them under advisement. I'm not saying they will do what you suggest, but maybe you have an idea or two which can make a positive impact. Can't hurt to offer.
I have stated before that the finance side of this is beyond the scope of my experience, so I will be slower to critique them for something I know so little about.