I don't post often but this board needs some fact on certain points based info from someone who has 25 yrs in surgical devices, 11 yrs. at national and regional sales director roles and the last 9 yrs in start-ups in MIS lap surgery, including robotic. It cracks me up that those that post 20 messages a day feel this gives them some credibility.
1) There will be NO reverse split. Stop raising it. Management is of the conservative nature which is proven everyday. They are focused on milestones and release info when they are accomplished. No interest in manipulating daily stock price. I am confident they are fully aware that the key milestones in the next 6 months will get them organically to levels needed for uplist and greater institutional involvement.
2) On the topic of going it alone or M/A and the the fact that Titan currently has no sales force.
- As far as the sales force those who keep saying that Titan should be currently or soon building up and training a sales force in US ahead of FDA clearance this is 100% wrong and shows a lack of understanding of how to launch a new surgical device. As approval gets close there will be additional management hires such as a VP of Sales, Director of Clinical Training, etc. They will do strategic planning for a limited launch. No reps will be hired prior to a launch. What rep would leave a company before a company has a product to sell. The launch will be limited to keep control and make sure things run smoothly with no mistakes. The team can grow fairly quickly as needed to respond to needs.
- The assumption that only a large organization such as Covidien, J&J, etc could handle this product because they already have large sales forces. WRONG. This is a specialized device that would need a completely new sales force with ANY organization. Just because a company has an accomplished sales team for MIS lap surgery does not mean they could or would ever have any involvement with SPORT.
3) Merger vs. Acquisition - No one knows what the medium or long-term goals are with Titan in this regard. I can tell you that there will be no M/A before FDA Clearance. Titan knows what they have and are not going to sell until the milestones and clearances get the PPS up. If any M/A happens it will be a full acquistion. If the party who is looking for M/A has the pockets to purchase Titan they would do so as outright purchase. There is no value for the acquirer to do merger or licensing deal and drag out acquistion as the buyout price would just grow as sales mount. It could also bring in other players into the mix and while they may have final bid per an agreement it could make the price much higher.
4) IP and lawsuits - Please stop the hype that Titan needs a big player in the mix with deep pockets to fend off inevitable lawsuits with Intuitive. This is nonsense. Frivalous lawsuits in the med-device space are rare. The IP lawyers will have protected the organization with strong patents that do not infringe Intuitive. By the way, if there was a IP lawsuit it could just easily come from Titan.
5) Pumpers on this board - Those who claim they have inside info should just go away. If you did and you were posting that fact you are breaking enough laws to put you in prison. All of your devices would be seized and your communications with any "insider" would be found. Just stop, it's embarrasing. And if someone was giving you ANY info they are losers and only hurting the company. They are also breaking the law as anyone that would have access to the technology or any REAL timelines would have signed a non-disclosure agreement. To those that say they got a letter from an attorney telling them to cease and decist from diclosing info...BS. IF you did get a letter it was to tell you to stop posting false info in hopes of manipulating stock.
I attended the national SLS meeting last week and Intuitive was not displaying any single port application in any form even though they have FDA clearance. While it would be nice to get to market ahead of this product line extension in the end it will have little impact either way.
For those that say they are long on Titan and hope for an acquisistion by end of year at $10 .....that is NOT LONG. I have been in for over 3 yrs, have over 170,000 shares and warrants and will not sell a single share for at least two years. IMO Titan PPS will get to $30-$40 in next 18 months. That is when it starts to get interesting!
BelizeME
