I have to say it again...Titan Mgt has got to find a way to get PPS up - up to levels where outstanding Warrants are "in the money". They cannot do another traditional raise with warrants attached. They would surely see PPS dwindle to under 1.70 (possibly bottoming to around 1.55)
With all of the warrant tranches currently out there - there is MORE than enough money to get them through FDA and on to commercialization. We are tracking towards 38M o/s at the end assuming a buyout takes place in 2 years or so. At $50 PPS, that would be a $1.9 BILLION deal.
I would venture a guess that most true Titan longs have a cost basis somewhere between $10-12 with many North of that and they/we deserve more than a quadruple for the half dozen years spent in this thing. Last thing we need is to show 50M+ o/s at the end and MAYBE get $40 per share for it. Get PPS UP Mc (and the sooner the better)