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Agree completely. Now it is just a waiting game to see what he can come up with from his current network and future network of funding/investment sources. He has done it before and I know we all hope this happens soon!
He doesn't seem like a guy who would get involved in something of this magnitude if he felt like all he had was a hail mary's chance to succeed, risking his industry reputation with potential future endeavors.
...McNally knows how to raise money and he has the resources/network to get sport to the finish line.
One of the largest investors in domain surgical was Orbimed. A 35 million dollar investment btw. Orbimed is the worlds largest independent healthcare investment firm. McNally knows how to raise money and he has the resources/network to get sport to the finish line.
http://www.orbimed.com/en/portfolio?pos=0&is=1261®ion=0&order=1&g1
http://webreprints.djreprints.com/3880320977223.pdf
From my perspective, I think $5-10 without a R/S. Let's take the calculation to a simpler level:
If we are close to CE mark/FDA approval, I think we get bought out for between $1.5-2.0 billion.
Obviously you think my numbers are unrealistic unless they include a R/S. So let me ask you. What do you think the end game will look like?
Nice to think of numbers to put a brain at ease.
There is a huge difference between 5-10. Also is that 10 including a reverse split.
To get on an exchange that is the ONLY way. you need to hold a stock price.
You can't go in the exchange without that high price.
bet one a buy out prior to any need for uplist or bet on a reverse sp[lit if no buyout
2 very different sides.
I think you're right, no matter how bad the doom and gloomers (those who blinked during the panic and sold) try to spin things otherwise. I ultimately believe McNally gets us to a point where we sell between $5-$10/share and everybody makes money.
Me thinks the Winds of Change are a warmly Blowin....
This is great news. Finally someone who seems to know a little bit about the value of PR. And this is very good looking conference too. Me thinks the Winds of Change are a warmly Blowin....
would make sense that is the majority of his pay.
He is taking a gamble but still can't work for free
I saw it on Canadian insider. You might have to register as a user to see it....
Where did you see that info? I looked on Canadian insider and found nothing.
Oh, the buyout price has gotten down to .76/share, according to some. McNally's "plan" is to double the current price and have a fire sale at .76/share.
If that were the "plan" they didn't really need to hire McNally to accomplish that. Nor did McNally need to make all the personnel moves he's made to sell at .76/share. The doom and gloomers are unbearable.
Food for thought for anyone speculating buyout price.
https://ycharts.com/companies/TITXF/shares_outstanding
in July 2014 Titan had approx 100 million shares outstanding as well as around 34 million warrants.
The price was at $2.50.
So as we stand we have less than double that (166 million O/s and 84 possible warrants) and at this point are as close (speculatively but HIGH probability though) to finalization as they were in that 2014 era and that was why the price was at 2.50 in 2014.
So for anyone to think the price can not get to $1.25 right now which is half of the $2.50 reduce for the share count it is simply in bedded in the numbers. Speculation can get this to $1.25 alone so for those talking about $1 buyouts...
I strongly agree with that statement.
I do think Apple will move into the space. For that matter - any high-tech company that wants to make and sell products. This is a perfect type of product for any country big or small. It fits well with a small country economy that has few natural resources so it's an export driven economy. Like many in the EU, or Japan.
They can innovate and there are barriers to entry with IP. Acquisitions can be integrated to shorten any timeline to product launch. It's a digital imaging/hardware/software host platform (well done by whoever said that earlier today) from which additional products can be produced and sold, product rich market, and in it's infancy.
JMO
Regards,
BK
Do you know how Titan is working with these inventors? Where are they from?
Ximedica?
Instrument supplier(Microline)?
What's the connection?
Thanks.
I would be shocked if APPLE doesn't get into healthcare in the same capacity that Google is (Data Analytics, Data Info, AI, etc) - I think they will need to partner with a big time healthcare company (Medtronic, GE Healthcare, Siemens, Stryker, etc) - and I think that the big time healthcare company will need to be in Surgical Robotics to remain competitive and hold onto/increase their market position (they will have to either develop one inhouse or buy a platform)
Will it be Titan and Apple? I honestly don't have any idea, wish I did. I have my own thoughts and opinions but no smoking gun.
I think someone should post the information that was stated today on the other board. Just to see what war it sparks....
Rocko are you trying to infer that Apple is somehow trying to get into healthcare and now they may do that by Titan?
Domains FM energy in SPORT instruments???? Hmmm.....
Very interesting. And also of note is a certain new president and CEO who has some experience with advanced energy.
Interesting that this patent is for Bipolar and monopolar electrocautery and Megadyne was purchased yesterday by Ethicon.
Interesting to see that some of the inventors for these patents are working at APPLE.
As we add patents how much impact does that have on the value of the company? I would assume it continues to add value to the company. Granted getting FDA approval, CE Mark, Design Freeze etc. really infuses material value. But patents have to bring value as well.
Thanks for sharing Invest. It's all in the patents.
AND we got a new patent application today for a bipolar end effector apparatus:
https://worldwide.espacenet.com/publicationDetails/biblio?DB=worldwide.espacenet.com&II=0&ND=3&adjacent=true&locale=en_EP&FT=D&date=20170119&CC=WO&NR=2017008142A1&KC=A1
According to Canadian Insider, David McNally was granted 8.325M options on January 17.
He's posting because he lost his butt and he's scorned. If he truly made $500K or whatever the claim is he wouldn't keep coming back to this board. He'd take his profits and be gone. He wouldn't keep coming back being the gloom and doom that he is.
That's been his MO. After posting non stop about Rayman he had virtually nothing to say about him being gone. Just more negativity. Don't know why people post on these boards as much as they do when they have no stake in the company.
Kinda sad.....
I can almost guarantee you when news of funding comes out, if it is "bad" news he'll be posting all day about it. If the news is "good" he'll make minimal comments.
The notion that he made money when he got out of the investment is ludicrous. If I'm not mistaken shortly after the adjusted timelines in 2014 and the stock really started to drop. He disclosed he was in at either $1.30/share or $2.30/share. Can't remember which one it was but I distinctly it being one of the two.
We'll find out in the 2016 EOY MD&A on or before March 1.
I put CUIN on ignore.
It would be good to find out if the Platform Imaging deal was completed - that was scheduled to be finalized in the beginning of January
Yep, agree. My guess is that Dr Fowler's lack of experience in developing a device this complex lead to the perception that the unit was close to done.
Titan used the term "completed unit". I think that is why many felt they were close to completion. Also their timeline for development at the time SPORT was unveiled at SAGES would also lead one to believe that they were very close to being done. It wasn't until the May CC that they sprung the extended timelines on us. Most investors aren't medical device engineers so the terminology should have been more along the lines of "advanced prototype". That would have been more accurate and better understood by most IMO.
In my conversation with Barker, he indicated that the Board now feels that the SPORT roadshow in 2016 might have been premature. It gave the impression that SPORT is nearly finished, which is not the case. The form factor and mechanics are finished, but the system software, safety systems, etc are still ahead (and that's a non trivial task). With that in mind, I'm not sure if they'll exhibit SPORT again until it's closer to being commercially ready.
Level heads prevail
Yes thanks to all. It's worked out nicely!
Let's keep it that way.....
Indeed. And I too am sitting tight, patiently awaiting the next PR. Praying for non-dilutive funding.
By the way, thanks to everyone for keeping this "our little secret". It's nice having a place of dignity, sanity and respect. The bloviators are relegated to the other site. Let's keep it that way!
Be careful what you wish for; it's been nice not listening to his nonsense for the last few days.
The meeting IS in Houston this year. As always, I don't think having a presence without the toy there is worth whatever cost it will be. They need to concentrate on getting this thing close to the finish line and then have a huge coming out party.
Good question my guess is no. At least not with the robot. It's in Houston I think.
Will titan be at Sages again this year??
Still here of course. I'm just sitting back while the CEO does his thing. As much as I want news he's only been CEO for 2 weeks. I'm feeling confident with McNally in charge. We have a lot of unknowns and big questions that need to be answered but I think we will be in good shape. Next news about financing is gonna either send PPS way back down or way up IMO.
CAUTION: WILD RIDE AHEAD!
Has everyone crawled into a hole? Seems the board activity on both boards has taken a dramatic "pumping of the breaks" here lately. I guess it's the lack of new news to discuss. Heck, even CUIN who is good for four or five condescending, backhanded compliment posts a day has been silent. Has the world come to an end? LOL!
I'm away from my PC at the moment but if you check the other board, Mustang has put the most recent letter and email list up for mass mailing.
Strength in numbers all!!!
Would there be any advantage or disadvantage to posting the latest version of the share holder letter as a sticky on the board until next letter is sent?
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