I never said MacNally intended to do a reverse split only that he now has acknowledged in the filings that it may be necessary to remedy the NASDAQ deficiency, which is something I said might be what they need to do.
As far as the $18m makes no sense that Medtronic filed that raise. They wanted to make sure the key supplier doing their development work would be paid and there would be no delay due to funding. Just my opinion but I think it’s a very reasonable scenario based on what we now know from the MDA.
Let's get this straight. Titan has to stop progress on their single port platform because they run out of money and are in deep financial trouble. They have countless investor conferences and nope, not one investor. Then Medtronic will give them milestone payments and BAM!!! out of nowhere an investor agrees to give them 18 million dollars. And then decides we better not tell anyone who we are.
If it looks like a duck.........
Medtronic gives you $1.5 million dollars in April but you do not announce it until June???