Titan doesn't have to issue one more share to Aspire if they don't want - that is why the terms of the agreement were so favorable to Titan. If Aspire dumps the shares this week, Titan already got the money so what the PPS will drop..?.? Ok they dump ALL THEIR shares this week, PPS will go down to $1.80 at the most.... So they dump this week, PPS goes down, Titan has their cash, they announce partners, IDE Submittal, etc right around Sept 24th and the PPS rebounds and moves north of $4. Titan can go to the shelf and do a private placement from the $125M in money they have from the approved shelf.
And Titan doesn't have to agree to one more share to Aspire.
Let's see if they dump this week, IF THEY DUMP IT ALL PPS WILL GO TO $1.80....
All of that for about a $300k profit....if they just held on to that they would make $30M on this first financing in 12 months.
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