Replies to post #116768 on Titan Medical Inc (TMDIF)

[RealMongobongo]

Of course not. But that is a straw man, and I think you know that.

Management did nothing to increase confidence that they’re gonna be able to raise sp. The next milestone-related payment is going to operating expenses, and at their current burn rate it gives them four additional months...essentially EOY21. At which point they begin another IDE conversation. They’ll need more money...another offering? And what would that do to sp?

Of course they have two additional milestone payments which might give them another eight months beyond that. But if they’re going alone their burn rate is going to increase, not maintain.

So if they’re not being bought out...they are fucked.

Roll said Oct 14. There’s only one way out now: a BO.