Titan Medical Inc (TMD)

[BigT82]

Good stuff! But wow... Are those two guys interviewing McNally on the video total morons or what? They talk too much, interrupt McNally, do not ask good questions, are not well spoken, and are just plain morons. Yikes... At least we got some exposure there to whoever listens and or watches their show.

[TOinvestor]

Corporate presentation is up on website. Also a video from the Roth conference under media is also up

[BigT82]

Agreed. But let's give him a little time to do so before we push the panic button. I would like to believe he has a plan... It appears he is actively working to act on that plan and achieve his goals. Let's see if we garner any further insights on Thursday's call on anything in the near future that could raise the pps. I am hopeful they did such a small raise to only dilute us as little as possible for the immediate cash needs, and he has something up his sleeve to get the pps up to raise money at a higher pps later this year (assuming he does not raise money another way). Time will tell... I'm still behind McNally 100% at this point. So far so good. It's just so many of us have lost our patience and are so frustrated we cannot see any light at all at the end of the tunnel.

Also, if you or someone could post the cliff notes of the call on here that would be great. I will be in a meeting during the call...

[SPORT19]

There seem to be no notable milestones for Titan for the remainder of 2017, at least none that would drive up the PPS. I ask how does the company get this PPS up? Another raise will be here before we know it. Then another raise.
I sure hope there is something coming Thursday or in the near future.
C'mon McNally....this is getting closer to a meltdown if you can't put something big together...
HE HAS TO BREAK THIS CYCLE!

[SPORT19]

Yes that what I was thinking. Again I said it sounds crazy but hey it's Titan were talking about.

[Adrock]

We're wondering if we were 620000 short of closing the high end of the offering.

If they close the over allotment well have the answer which would be no.

[ORrep8]

Close the gap? It would have to be a lot more than that and if they bought normal shares, that money doesn't go to Titan...it goes to whoever's shares they bought on the market.

[SPORT19]

I really want to see all the info on these insider buys. I also want to see the over allotment sold in its entirety.
These buys seem odd to me so far....
McNally has over 8mil in options and he buys a measly 20,000 shares? Perry 15,407....? Not sure what that says....Hard to complain about insider buys but I'm wondering if they weren't coming up short on the raise and everyone chipped in to close the gap. Sounds crazy I know, but these guys have a ton of options and they don't want the PPS to erode further. What's the deal here? Please tell me I'm an idiot and this is all good.....

Signed
Titan Jaded

[BigT82]

You are correct! Great news

[Hypocrates]

Am I correct in thinking here that insiders bought shares?

Party Transaction

An aggregate of 630,914 Units were issued to insiders of the Company under the Offering for gross proceeds of $220,819. The insider subscriptions constitute a "related party transaction" pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In completing the insider subscriptions, the Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 set forth in sections 5.5(a) and 5.7(a) of MI 61-101, as the aggregate value of the insider subscription does not exceed 25% of the market capitalization of the Company.

[Hypocrates]

http://www.titanmedicalinc.com/titan-medical-inc-announces-closing-of-public-offering-3/

[Hypocrates]

All of a sudden, Reiza Rayman is taking a more proactive role in LinkedIn. Uber putz!

[Adrock]

Prospectus has been filed but not uploaded to sedar

[BIGKAHUNA57]

I don't see how else Titan should play it?

I don't disagree with your statement "that they need a partner."

And I strongly agree that they need to stay silent.

Business strategy is not just a cute catch phrase.

SPORT stands on its own merits. Verb or no Verb - our IP is THE ONLY barrier that protects us from the competition. I want to attract more than just Verb, as a potential partner. We'll get to partner with Verb, sooner or later, just based on their business model - to integrate as the standard surgical "industry platform."

The definitive litmus test will be the disposition of the IP research exercise.

Seriously - who would announce to the world how far along they are on the path to development of the "next most technologically advanced" surgical robot? Do you even announce when it's been submitted for FDA certification? I would not. It only creates uncontrollable anticipation and uncontrollable expectations. I would when it's certified. Until then - I would create a vehicle to communicate with the masses, and let them come to their own conclusions based on live demo's at professional conferences. Yes - videos would be very nice too.

We're investors. Trust your ability to know when you see dots, and where the possible connections lead. The rest are gamblers or just here (not here, here - the other site (here)) with alternate agendas.

JMO

Regards,
BK

[glg20]

Regarding the Rocko FLy theory, which i have not ruled out

The only argument that I can make for my own mental tug of war is that

if they are working with Verb then to keep things quiet and in house is a formula to take competition by storm and not show anything.

The other side of that is that they have not shown and smarts in the years to prove to me they are that slick or business savy.

to compete w intuitive they will need a partner regardless so thats what I hang my hat on. Stock or no stock

[BigT82]

I really want to believe the same thing... McNally has to be a lot more intelligent than to raise $5M here to only have to continue to go back to the well in a few months. I actually think and hope this is a very good sign for our immediate future. Just enough cash to keep us moving forward until a big cash infusion, partnership, etc. But what do I know...

[investinthefuture]

Trade resumes coming up at 11:15 Eastern

http://iiroc.mediaroom.com/index.php?s=2429&item=148982

[Adrock]

Not disagreeing with you in this.

Hoping this is to tread water into something bigger soon.

[scalpel]

That might be all that they were looking for: a few months of financing until the next shoe drops. Have to think (to keep my sanity) that McNally has bigger plans for the short and medium term.

[Adrock]

Nope the terms are out! 5 million

[SPORT19]

Would a big entity be brought in in an overnight?
IDK

[glg20]

I agree McNally is not stupid. I also partly think that him coming in for 2 months may not be enough for deal making if that is infarct what he is looking for..Offering buys time. Again if thats what he is looking to do.

not propping up the share price still boggles my mind anyway you slice it

[Hypocrates]

Have thought about that possibility too. Plus the cooperate presentation page is still under construction.

Someone is getting a big time initial look into revised timelines, progress etc. McNally isn't stupid. He would have diluted at the end of Jan with higher pps, or found a way to Jack up the share price currently.

Boyd and Portal join the ranks, still the same pr tact and an overnight vs general shelf offering. Something is afoot imho.

[Katalyst89]

I am very interested in this offering...so we have no debt on the books just diluted pps through shelf offerings. What if this offering was bought up very quickly with a huge raise. And let's say an entity that bought the offering was a JJDC or Google ventures. Then if this is bought out by a Verb surgical it is almost like they are paying themselves. Just a theory to think about. I am not personally worried about it. I think we have to get to a certain milestone and the Kat will be out of the bag.

[SPORT19]

I think it was more like they bought 4 million in shares, gave us a 2 million deposit, and another 15 million towards a center in China .

[BigT82]

$25M? I thought they gave us or were willing to give us $2M. Sheesh, I cannot even remember now that it has been so long...

[BigT82]

Probably true and I am not 100% certain either. However, I know we cannot continue to dilute us longterm shareholders into oblivion. I know we need cash, but I was just hoping McNally had a better way to get it...

And we cannot get too much now at these levels... The Dilution would be huge! Some now and possibly more when we get closer to design freeze, or whatever other updates would encourage new investors to come in and drive up the pps...

We shall see what they do soon obviously... I imagine the pps will get slammed again tomorrow to the low 20s. I really hope we do not ever see the teens...

[SPORT19]

Agreed. Keep in mind that Longtai is going to get a lot more shares for that 25 mil now then back in Nov 2015.

Let's say we get to commercialization with 500m OS. Most think the company would be worth around 2-3 billion after FDA. That's 4-6$ per share. Not great but still...
Even at 1 bill that's $2 per share. That's not good but at least we profit some...

[Adrock]

Hate to say it but bloom burton couldn't raise more than 10 to 15 million.

There's no way they can raise 50 million

Our only hope is 15 from the raise and 25 from longtai

Without the above, we are in bad shape.

[SPORT19]

I don't think they had the investors lined up to do this at any other time. That's my take. But I don't fully understand how this overnight marketing really works.
I'm just hoping this is a big raise. Sure I'd like to see the PPS go up before the next raise but without huge news that's not gonna happen. We need a big chunk to get this project close to FDA. I want them working full steam ahead without development halts or slowdowns. If this is another 8-10 mil raise I will be very concerned about the timeline and the future in general. Let's hope McNally does this better than Hargrove!!!!

[BigT82]

Yes we did but I'm at a loss quite frankly with the timing. Why the heck did they not do this about a month or so ago when the pps ran up to .50? At least around .40-.45 would have been so much better than down here in the .20s...

$10M raised in cash would require 30M+ in shares to be issued. Assuming they can even fill that order... And how much cash do we need to get to design freeze and FDA submission?

I was very hopeful McNally was going to bring outside funding in with his network and sources, rather than have to dilute us further. Guess I'm just a little discouraged right now is all...

[ks239]

Pretty quiet over here. We knew this was going to happen but any thoughts?

[Adrock]

Overnight offering

Different advisors different leader same nonsense!

[Hypocrates]

Well, we seem to be halted. Looks like we're going to get some answers to her questions. The only question is will they be good bad or ugly.

[ks239]

On top of that, they deny all the information that is good and keep embarking at the past negative information.

[ks239]

I was reading the post, I have no clue.... they all live in the moment and are expecting a 1.00$ return on their investments. This is a revolutionary robot that needs the time to develop, especially with a newly acquired CEO. They expect updates for every little thing on a daily basis. Maybe if they stopped harassing the company management could tackle the important issues.

[SPORT19]

Why do I bother posting over there?

[scalpel]

It shows me that there is skin in the game for all new hires. They are being brought in to make US money, not just get paid money.

[scalpel]

Does anybody think that this instrument is a patent infringement on Titan?:

https://www.technologyreview.com/s/603700/for-hospitals-that-cant-afford-a-surgical-robot-this-500-device-could-fit-the-bill/

[ORrep8]

Clear sign to me that something bigger is going on.

[investinthefuture]

SEDI and CanadianInsider report that new hire Perry Genova was granted 500,000 options as part of his compensation package. The evidence is mounting that our new management hires are getting paid largely (only?) in stock options (to be proven out when the MD&A finally hits).

[ORrep8]

I looked. Unfortunately, I am not.

[investinthefuture]

The Society of Robotic Surgery is having their annual meeting this weekend in Miami. Titan is presenting this afternoon in a plenary with Intuitive, Medtronic, Mazor, and Verb.

Anyone on the board there or connected to someone who is there?

[ks239]

Tomorrow is a new day. Let's hope whoever it was, they meant news on a Friday and mistakenly said the 23rd.

[SPORT19]

Well looks like we're not getting the MD&A, instead we get Flandersons "insider info" from an unknown source.
Par for the course in Titanville....

[investinthefuture]

Precision is a virtue desirable in a company that is producing a robot that will dissect human flesh...

[flybabyfly]

Maybe Susan got her dates mixed up or maybe they pulled back for some reason.

[investinthefuture]

They get 90 days from EOY...publishing today would be early

[SPORT19]

Past years it was on March 31.

[investinthefuture]

Not sure if the results announcement date was correct, but these guys have been known to release late into the evening. One release came after 9pm IIRC...