TITXF will continue it's up trend with expected pullbacks. Here's why.
The previous pattern of this stock had a lot to do with the fact that when the price would go up, the company sold shares to fund it's operations. For instance, as a result of the two back to back raises in Feb and April of this year, TITXF share price fell. After the April raise, the company announced they have all the money ($40M) to get SPORT to commercialization. (There are also warrants that are potentially worth about $60M). So going forward, raising money will not be a catalyst for the stock price to fall as it has since the inspection of the company. Titan is also debt free.
Sold today. Hoping for a pull back in the upcoming days. Then will bet part of the farm. I believe in the past the stock rose and the company decided to dilute shares when the stock reached $2.00 or so. It would not surprise me if they did it again when the pps climbs a bit more. It takes a lot of money to get the product FDA approved. It then must find a manufacturing plant, hire salesman, etc. to get production started. If they decide to sell the company which I doubt, these concerns are
invalid. I suspect they will go it alone and will dilute the shares once more before FDA approval or shortly afterwards to cover the costs of manufacturing.