Replies to post #100060 on Titan Medical Inc (TMDIF)

[66Mustang]

It didn't specify software or hardware...

From the latest short form prospectus:

On October 24, 2019, the Company was served with a summons for civil action by the Service Provider, indicating
that the Service Provider has initiated a civil claim against the Company in the United States (the “Civil Claim”).
The Civil Claim alleges that the Company has not paid the amounts owed under several invoices and the claim
further alleges that the invoices total approximately US $5.0 million. The Company disputes the allegations set out
in the Civil Claim and has engaged legal counsel to defend against them. Specifically, the Company intends to assert
numerous defenses to the Service Provider’s claims, including that i) the Service Provider rendered services that
were not required or requested by the Company, and ii) the services that were rendered by the Service Provider were
not rendered in a manner compliant with the quality standards established in the contract between the Company and
the Service Provider. In addition, the Company intends to assert counterclaims for damages against the Service
Provider based on the Service Provider’s failure to comply with its obligations under the parties’ agreements.
Although the outcome of the Civil Claim cannot be predicted, at a minimum, the Company does not expect that it
will be responsible for the amounts set out in the Civil Claim.



Message in reply to:
Thanks.

You may be the first person who is perhaps shedding some light on the content of the lawsuit(s). So are you saying that the software work done was ahead of contractual obligations? That is interesting. Have you read the content of the allegations? No one here knows the content because unraveling that mystery requires more funding.

My guess was that they were dealing with flawed software! If that is not the case and then, I may override my rational brain someday and buy the stock to feed my irrational brain that is attracted to solving mysteries of this robot and its groupies if it happens to survive the odds.

Do you think that someone in Titan's marketing department can call Blackberry to see if they can partner with it to revive it. This robot needs a fixer.