I assume when he said "They are fully funded" he means "the offer is fully sold", not "Titan has enough cash to get to commercialization"? If the latter was true, then warrants would get us through the early days of limited sales until profitability. If we only got half the market/PPS response Trixie has gotten with their sales of a couple systems, we should be absolutely golden by then.
I'm not doubting what you were told. But I am curious as to how they are able to give you that type detailed information. Are there not any client confidentiality laws that come into play in something like this?