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In case some of you missed it James West lets the cat out of the bag last friday on Midas letter. It starts at 11:20 and runs one minute to 12:18. GLTA
What a blood bath.
What a long and winding road this has been .....
I'm happy to see the amazing progress and developments and yet it's still multi millions of dollars away from marketing and distribution. This will easily be a stock worth over a hundred bucks one day. It all would have been so much easier to swallow if they had told the truth from the beginning. It's too bad Mr H had never been held accountable for his mis-representations. The guy should have admitted and reckognised he was in over his head and stepped back on his own accord. Shameful really. It's the reason this still sits way under a dollar. Crazy. Good luck to you all. Meanwhile ... new millioniares every day in the medical marijuana sector !!
How come no news out of France on the install and / or any procedures. Thought we would have heard something already
There has always been after hours trading on the TSX Venture. It's for people with money and it's never been fair. I've been complaining about it for years. It's different if it wasn't below the closing to clear transactions, but with today's electronic transactions there is no such thing AND it gets traded below the closing price almost daily. If you have TD Waterhouse you can see it happen.
It's unfortunate but true. What should have happened two years ago was do a reverse 1 for 2 or 1 for 3 split back when it was over 2 dollars, uplist to the Nasdaq and raise the money they really needed all in one shot instead of the bait and switch he pulled off and losing all investor confidence. If anyone wants to know where this is going, just look at Mazor as a reference.
https://web.tmxmoney.com/quote.php?qm_symbol=MZOR:US
It's an extremely specialized robot for brain surgery basically and the Sport will easily reach a much wider audience. So I think the US dollar value is conservative for Titan Medical. That said, you will see they have 25 million shares out and we have 250 million shares out, plus warrants. So ... divide by 10 and x by 70 ( canadian ) x by 50 (US) and that kind of will tell you what you might end up with in about 3 to 4 years time. Good luck to all of you. Plan wisely and remember it's all speculation until the fat lady sings.
Columbia is Fowler's connection. Good on him and for us.
It's a perfect time to get in or back in. The dust has settled from the Hargrove legacy. It's going to be another 5 years before this is of tremendous value. But those days will come. The new management has their act together. Impressive.
You guys understand there is more than just one or two kinds of addiction ..... right ? Good luck !!
A 12 year old with a Monopoly board would have / could have used better stratagy than Mr. H. Poor judgement, human error?
Not in the least ... total and complete incompetence with a spoon full of arrogance.
Come on man ..... just months back they did 3 shelf raises in 90 days. WTF was that about ? How about raising the 140 million when they were at a 2.40 and take the dilution in one shot. Or wait .... they were too busy lieing to shareholders they were reading to go to market. How soon you all forget how badly you've been mislead with complete and total lies.
Yup ... good info .. thank you Flenderson. Appreciated.
Which they are already guilty of if you want to go back 2.5 years.
Wait until the next offering ... and probably the one after that. Assuming they raise 60 million with this one and the next two. But I'm starting to doubt that's going to happen. IMHO ... definately wait. We will probably see .20 cents before this gets any better.
This has been managed so badly I find myself asking if any funds found their way to a personal account via Intuitive. The only other explination is complete and total incompetance. The writting is all over the wall, shake yourselves out of it and take whatever money you have left and run. Even if they managed to raise 20 Million this round, ( which I don't think they will ), they will have to do that 2 more times at least. Do the math, you will be at less than .20 cents a share Canadian and then facing a reverse split at 25 to 1. Work out the shares you have ask yourself if it's worth it anymore. Ya all should have been dumping at .80 cents, Scalpel will yell at me once again and call me names, it doesn't change the facts ....... time to move on. Buy it back a year from now at .20 cents and new Management is in place. Just in time for an FDA approval in late 2018 and market in 2019/2020. But with 2 or 3 other competitors.
In my humble opinion.
And what are they going to raise ... 20 million ? If they're lucky.
Then what .. they only need 60 more million to get to FDA. So ... that's 3 more rounds of 30% reduction each time in share price.
The outstanding share count will be insane. So ... if you stay in, take your shares and divide them by 20 + something to reflect your dilution in the reverse split. What a disappointment.
No replacement for Hargrove and Fowler gone. An overnight offering that is anything but. What a gong show.
Fowler is gone. Ya .....I would panic....yes ....it's definitely time to panic .....lmao.
Investors are tired of being lied to and the people that invest 10 or 20 million dollars at a time are gone. They've burned all their bridges. Instead of being up front with the costs and the time required, they've been leading everyone on. That eventually catches up to you and you gain a reputation.
Take the cash you have left out now and if you still believe in it, buy it back when it crashes to .25 cents canadian or less. At least you'll double up on your shares vs losing everything you have and going down in a blaze of glory.
The writing is one the wall.
There are more of us than just you Honeycomb, elscribe etc. It's just the few that want the koolaide. And yes, any opposite view point will be deleted. Welcome to club censorship.
He speaks the truth whoever he is.
Exactly. So, where does that leave the shareholders ?
That strategy is how you go broke. And having your cash sit idiol while hoping for the next Microsoft, or in this case, Intuative Surgical .... is foolish. Your trying to tell me getting out at .68 and now having the option to get back in at .56 is a bad move ?
Reality is .... this gem has down the crapper and its going to take a miracle to get it back on track. A good business decision is knowing when to cut your losses and hopefully you can afford your mistakes. That's, how millionares are made.
Listen to yourselves. You keep throwing out "hope" lines. Do you really think they haven't been desperately looking for a plan B and C ? Of course they have and nothing has transpired. We've been to Sages and what ever else and despite the ewwwwws and awwwwws from the gallery, no one has stepped forward with cash. Now the sh*t has hit the fan and the situation is even worse than you thought. Who is going to come up with 80 plus million dollars ? There one and only moment was when we hit 2.70 based on a lie that we were ready to go to market. How many times do you need to be lied to before you get it ? Whatever happens next is bad, a fire sale or massive dilution of your shares. The power of multiplication will be destroyed IF ... that even happens. Take your losses and your bruised egos and walk away with something in your pocket vs some kind of kamakazi all or nothing mentality. Live to invest another day. I'm not telling you what to do, just throwing out a sober thought out there to consider. I was one of their biggest fans at one time. Until they lied to us. Even without the additional indications, look at all the work that has been done since, do you still want to believe they were telling you the truth when they said they were ready to go to market ? The added indications was a bait and switch ... a neccessary one, but still a bait and switch my friends. And it's all come to an end like all dishonesty does. Good luck.
It's gonna get a lot worse before it gets better, good luck to everyone. ....I bailed at .68 and feel lucky even though I lost 10k on this one. I knew it was bad, just not this bad.
It's going to get a lot worse. Take another 30 to 50% off whatever price it settles at. Cause after the dust settles, they still need the money to a tune of 80 million big ones. Hargrove thought he could just keep going and going and going to the trough without much thought into the ramifications of doing so. And here we are.
That's been the hopes and dreams for the last year. You're right, it would fix it ....but it's not there. I blame Hargrove, an ivory tower executive that doesn't know how to run a real business without the protection of positional leadership a large corporation gives you.
I honestly can't decide ....I was going to sell last week and didn't. ...so I may just take my lumps and hold. Selling first thing will mean taking a huge loss, where waiting means it may bounce back up and settle a little bit in the afternoon ....40 cents ?
All canadian funds.
But then after that it's going to be worth less than half of whatever the price it does settle at. Because whatever happens next is bad.
I'm not joking. Watch it tank. The only thing stopping it is if the exchange halts trading.
Everyone and his dog is going to sell tomorrow it's going to be a Slaughter. You can't win no matter what you do
See you all at 10 cents tomorrow
No suprise here ........ what did I tell you ... ask anyone who is a sales person about dealing with anyone from that country. First they take a deep breath, then roll their eyes. It can be done, but it's a very very painful process. Disappointing.
Why we are not at the Rodman&Renshaw conference in New York in September is beyond me. A world investment gathering and we need money. Makes no sense. That's where they should be beating their own drum !!
Exactly what Rocko T says. Titan is about changing lives not some wall street bull*hit. We are on the right path, just a little frustrating at the moment. ISRGS has 5% of the businesses and we have what it takes to grab the other 95 % !!
Agree 100%. All though it has been painful, we have continued to raise capital without sacrificing our rights to some venture capitalist that has loan guarantees. We are sitting pretty at the moment with zero debt.
And I have complete confidence in Dr. Fowler. With his leadership we will absolutely get FDA approval the first go around.
What a moronic article that was. End of story.
After listening to the annual shareholders meeting finally ..... I actually feel a lot better. Dr. Fowler never ceases to amaze me in his expertise, drive and professionalism. He's out to make a real difference for patients, doctors, and hospitals. Impressive really.
What amazes me ... is for the suppose number of people that attended that meeting we really got very very little information back and that is disappointing. I mean ... come on man .... Plexus was named, Cadence was confirmed, the end effectors doesn't want to be named, but most of all the world leading liver surgeon wants this robot because it can do what no other platform can do atm. Talk of Verb and Ethicon went on for months, including myself when in fact we knew from the meeting that was not the case.
Anyway .... this board has become a meeting place for silly gossip and a place to cry, which ... I suppose has a purpose. In any case, I no longer feel bad about buying back in at 1.36 other than if I had done it now I'd have a lot more shares. Point is, this this is going to make it one way or another, of that I have no doubts. The only time I would be concerned was if something happened to Dr. Fowler. In my opinion he is the cheif cook and bottle washer of the entire organization and he's the one checking vital signs along the way. It's been painfully slow but they are taking the proper steps to get this done, and done with excellence. FDA no longer concerns me with this man at the helm. All T's will be crossed and all I's will be dotted. Guaranteed.
China deal ........ come on you guys .. really. It's almost impossible to deal with the Chinese. Have a look at the trade deficits with all countries that deal with China. I'd be surprised if it happened, very suprised indeed.
Not sure what you guys were expecting, these conference's are always strictly nonpartisan and each person has to disclose who and what they are connected to. Re: conflict of interest.
But that doesn't stop them from discussing whatever after hours when alliances are made. The important goings on will not be visible to us. The fact the robot is there means there will be invitations later. It's all good. Still doesn't mean I forgive them on how badly they've screwed up how and when they have raised money, cause that's why we're sub one dollar instead of 5 bucks.
If the stock is unable to obtain a price level to graduate to the Nasdeq on it's own .....then it's guaranteed.
They only have themselves to blame for the poor pps with bad timing in going to the shelf. A 10 year old could have stratigised better. What ....we did three raises in 90 days at one point .....wtf is all I can say. Then the BS we've endured. I recall the first raise I was involved in almost 3 years ago and their PR was telling us it was enough to go to market. Not even close.
Then the next PR milked us dry for 20k a month. And let's not forget the we're going to market ....but at the 11th hour .....um ...nope ...we're not. We we're at 2.70 share at that point and never recovered. Then if you really want to feel bad .....dig back deeper and read about the 6 more times they we're going to be ready for market with Amadeus. This company has a horrible history of being dishonest with share holders. Will we be ready next year ? I'd like to believe so.
I've been out of the loop and expect very little out of this until late next year. What's this event coming up and is the sport going to be there ? Anyone have the name of the event and the date. Thanking you in advance
You mean that prototype called Sport ?