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Titan Medical Inc T.TMD

Alternate Symbol(s):  TMDIF

Titan Medical Inc. is a medical technology company. The Company is focused on the development and commercialization of surgical technologies for single access robotic assisted surgery (RAS) requiring only a single patient access point. It has integrated technology into the Enos surgical system with the purpose of enhancing the robotic assisted surgical experience for surgeons. The Enos surgeon workstation includes a three dimensional (3D) high-definition display to provide a crucial balance of surgical immersion and situational awareness in the operating room. The display is mounted to the ergonomic workstation with a natural handle interface designed to deliver and support comfortable surgical posture, even during long procedures. The Company's multi-articulated instruments bring fluid flexibility and strength to position the end effectors for grasping, suturing, cutting and coagulation.


TSX:TMD - Post by User

Comment by Bigkahuna57on Mar 06, 2021 2:01pm
390 Views
Post# 32736568

RE:RE:TMD insiders just bought shares on March 2nd

RE:RE:TMD insiders just bought shares on March 2nd This is where I see the most consolidated information about TMDI awarded options and RSU's. 

https://m.canadianinsider.com/node/7?menu_tickersearch=TMD+%7C+Titan+Medical

I don't think any of these folks purchased shares except the CFO last month.  The rest are incentive options and other valuable awards, depending on the share price in the future.  My best estimate is McNally has 1M options and can't be exactly sure, but about 800,000 RSU's? So my best estimates previously regarding a BO value, per share were $30-$40.  Which would make McNally worth $65M-$85M if he excersized and cashed all of them in.  Sounds a bit high, but I can hope. 

No one is absolutely positive about a total BO, but MDT's history is very compelling.  Their history is that they partner for a while and then buy.   Everyone's speculating as to the IP tech MDT wants from TMDI for their multi port HUGO.  So that still leave ENOS as a separate RAS device in development.  But the terms of the $1.5M loan from MDT to TMDI are so restrictive, and the collateral is so rediculous (all of the current and future IP the company owns) I can only come to the conclusion that TMDI was willing to commit 100%, if both MDT and TMDI can come to a mutual agreement for an acquisition sometime in the future.  TMDI's IP portfolia is growing pretty fast, and it's very unique.  IMO.

There's a lot more conversation taking place over on IHUB. 

Regards, BK
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