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i was going to look it up---thanks for the DD. pretty cool. i know all the naysayers are going to do what they do, but it is pretty cool tie in
Last time they did a raise it was filled immediately.
Today....same
Which them not having a machine can also be used as leverage to someone that has a clue about negotiating. In negotiations, when a future event is going to equate to massive value that is nearly undeniable.. a good negotiator can still negotiate for buy It now price. Have you ever heard of a presale? Or any other litany of things that are negotiated and agreed upon before a product is available and ready to be physically had in hand? You get it at a discount. You don't get it for pennies on the dollar you get it for a discount that is reasonable based upon the future value.
You have a business. Great. I'm guessing you have left a lot of money on the table from what I am hearing from you. You have no concept of sales or negotiations. It's obvious.
I negotiate major deals every day instead of posting on ihub.
And Belizeme. I didn't say that Medtronic has zero leverage. My point is I think someone saying they have all the leverage is factually incorrect. They have some leverage. And you are correct if Medtronic walks away PPS very well could drop. There is an inherent risk however that is undesirable and cannot be denied if Medtronic allows titan to walk away and freely negotiate with other suitors. So while there may be a dip it doesn't mean it the dip is constant. All titan hass to do is find another suitor which creates all kinds of leverage for either party interested.
Just to help you guys make sense of what leverage is since clearly you have no idea.. everyone on this board has absolutely no leverage. None of us can do anything about this outcome currently. That's what no leverages and nothing you do or say or could do has any ramification on the outcome
Today. I would take the 500 million just to know that's all it is and be able to walk away with a few extra playing chips after all this time.
And yeah. I did see the B
Medtronic has very little leverage. Some leverage at best. No matter how you look at it they gave Titan a lifeline and now Titan has exponentially more cash than they have had in years. You are correct. They bailed them out. They had the most leverage then. Now they either put up or shut up and allow the certain risk associated with not buying out Titan.
Titans leverage - other buyers & cash on hand today (yes it's not enough but it's still much greater position then pre Medtronic agreement)
MDT's current leverage - their sole ability to buyout Titan and the potential fallout for Titan if they choose to not and all of the unknowns. To me I don't see that as over whelming leverage.
If you see that as "all the leverage" you clearly have no idea how to negotiate or how business works
when ISRG has all of their revenue and resources into the multiport, until their is competition, they have no reason to push another product line hard and validate another product line. They are cutting their own throat by doing that. it doesn't make business sense. They only have single port to present an alternative. all of their revenue comes from multiport. this is a pretty easy thing to comprehend. until another competitor is able to break the barrier to entry, there won't be anything to really look at or compare or validate the usefulness of it. but the logic behind enos - smaller footprint, less expense, smaller incisions - are all valid and what people want and what hospitals need.
i mean to be fair liv i don't think i'm right. its just when everyone is throwing around 777 different ideas like they know what is going on we can speculate wildly. But beyond what i said, which may be on point (but probably is not) USE YOUR EYES.
This is not just a cardboard box they have been building. its still got some tweaking apparently, which blows, but what does absolutely make sense is that even if medtronic only desired to have some of the components of this systems instead of the entire system, MEDTRONIC valued some of the components. If they valued anything than it can easily be believed and assumed that they wouldn't desire for other competitors to have those same components. Therein creates at least some baseline measure of value. And if there is any value to MEDTRONIC then it can also easily be assumed that a competitor to MEDTRONIC would also desire this same opportunity to own the 'valued' items even if it was just a couple. And the whole thing can start to get wound up. Even if there is nothing else, ZERO, this is worth more than it is currently at PPS.
so that's just the baseline value - and you have to take a pretty big leap of faith there is absolutely nothing else here other than a few components. again. use your eyes. trixie is a piece of trash compared to the enos and its worth more money currently.
hopefully we have a better leader stepping up to tell a better story. the current PPS makes absolutely no sense.
ok. i'll take a stab at a scenario since you make stuff up all the time. here is a real POSSIBLE scenario - not that i necessarily think this is what happened.
you yourself suggested they gave McNally a severance of 400k +/- to walk/resign instead of being fired. if he resigns, and get his walking money, he can't sue them after being pushed out of the company with a buyout being imminent and MDT inserting one of their own into the company
here's another possibility, since we are talking possibility. maybe medtronic or another company for that matter, presented an offer and it was either too low and mac was going to take it and the board didn't agree with it, or b, the offer was good enough to the board and mac rejected it and pissed the board off.
or maybe they just needed new leadership and the certainty of 400k was enough to jettison mac. clearly it seems he wasn't getting it done.
just like everything else being spouted in this board, its a complete guess. i hope pps keeps rising like it has the past few days. this last month plus has really stung.
Ironic post
Facts don't and have not changed one iota. If MDT fails to do so then any competitor has the opportunity to buy titan. That doesn't change. Keep trying to change those facts. they are inconvenient aren't they!?
have to - absolutely have to in my opinion.
bit disappointed for anyone that sold today. did anyone think this was done next year with FDA approval? Almost everyone who is a shareholder thinks MDT buys this thing out before FDA approval and "carries it to the finish line" - which they have publicly stated they prefer to do! what has changed for that? Nothing. Titan needs to clear their hurdles and get to Milestone 4. Nothing has changed there. I didn't hear any delays with regard to Milestone 4 being completed.
Titan must have a plan in place to move the ball forward with or without MDT. To not do that is catastrophic failure. Titan has something. This isn't just a house of cards. Think it through. If they only plan on a single exit (MDT) and that exit doesn't take place, then failing to plan for alternatives leaves them in an absolutely terrible position.
This is a gross announcement today I get it, but until an announcement and clarity on what happens with MDT, which has been all our hopes for this ticker - nothing changes. Exiting right now is a tragedy.
I get wanting to jump ship - i really do, but to not wait through milestone 4 and the MDT situation becomes clear after ALL of this just seems crazy to me.
great find here!
here is the link to the Titan specific write up
https://www.encodelp.com/wp-content/uploads/EI-TMDI-Initiation.pdf
"Over the next 24 months, Titan will be catalyst-rich. 2022 can be categorized as a clinical year for Titan, with an IDE approval and regular clinical trial updates throughout the year. 2023 will be a regulatory year, with a De Novo submission and potential FDA market authorization. We believe investors should, and will, ascribe higher valuations to Titan as it progresses through its clinical and then
regulatory milestones. Assuming Titan is able to successfully navigate through its clinical and regulatory milestones over the next 24 months, we believe the company should have a valuation of >$500mm as it prepares to launch Enos, offering an attractive return to investors from its current ~$185mm level. It is also worth highlighting the propensity for M&A in the robotics sector and Titan’s existing collaboration with Medtronic, as reasons to suspect that, if given the opportunity, this David is unlikely to be taking on its Goliath on its own for long"
Desperation....
Still waiting for your response on the redactions and M&A attorneys over at old MDT. Can you confirm they were only sent the documents (the non redacted versions) and if they were just sent without cause?
Wrong. MDT cannot lean on them. As soon as milestone 4 is done they get the chance to say goodbye to MDT or else MDT finds a reason to keep them in the fold.
It is in fact still down and quite a bit. Probably why we aren't hearing about it from the alleged Titan investor. Surprising that a bill gates backed a company could ever struggle or even.... fail
Credit to Jojo for finding it. But just to make sure you don't miss it....go ahead and take a look. now. If you could please explain the redactions again? And those unfortunate inconvenient truths laid bare about mergers and acquisitions attorneys being sent these highly redacted documents?
It can be found under the sedar docs on titans website, other material contracts June, 4, 2020 11.18.08 am.
If to Borrower, to: Titan Medical Inc.
155 University Avenue, Suite 750
Toronto, Ontario M5H 3B7
Attention: David McNally, President and CEO
E-Mail: [Redacted]
with a copy to (which shall not constitute notice):
Borden Ladner Gervais LLP
Bay Adelaide Centre, East Tower
22 Adelaide Street West
Toronto, Ontario M5H 4E3
Attention: Manoj Pundit
E-Mail: [Redacted]
If to Lender, to: Covidien Group S.a.r.l., Neuhausen am Rheinfall Branch
c/o Medtronic, Inc.
710 Medtronic Parkway
Minneapolis, MN 55432-5604
Attention: Christopher Cleary, V.P., Corporate Development
E-Mail: [Redacted]
with separate copies thereof addressed to:
Attention: DJ Sardella, Senior Legal Director, M&A
E-Mail: [Redacted]
and
Attention: Brendan Donahue, Principal Legal Counsel, M&A
E-Mail: [Redacted]
It absolutely was there. I read it with my eyes. I posted about it numerous times when the original document came out. I don't know anything about it not being there any longer but it 100% was there
Seems pretty obvious to anyone paying attention
Whose corporate secrets? Titans? Lol. Uhhh ok. That makes zero sense. What kind of secrets would Titan not want the world to know about that would be on this document? Nice attempt but I award you zero points for that answer.
Why did you delete that post? So annoying that you delete every post man. Absolutely zero reason to delete it.
Answering your question. Why would McNally not release that document? He had to. They had an agreement to share IP and were getting revenue for it. You think revenue just hits the tills at old Titan and nobody comes asking about 41 million? Lol. You're better than this
It's impossible to answer your second question and you know that.
Simple question. Don't run away from it. Why redactions? Why the redactions??? If this was simply for a few patents to share why the secrecy? You've dodged that question every time.
Why did the contract get directed to mergers and acquisitions at MDT? Go ahead. Read it. It's right there in the damn documents. They just send superfluous documents to their m&a team for kicks n giggles?
Hey. Here's something someone with more time than I could do. Go look at the Mazor deal and see if the documents went to m&a. Then go look at a company that they just borrowed tech from and didn't buy out. Your answer is right there.
Vicarious down 15% past week. Comments?
Titan down 3.6% past week
Rbot down 14.8% past week
Just thought it would be helpful to have this so we don't need to get our hourly updates from the stockholders. Always wanting to be helpful
Here is the first crack at it..which I am sure you already know. Have a valid reason to pump money into Titan without taking an ownership interest. Allowing Titan to finish their product or get it to a place where it could be bought out. Much less risk for MDT EVEN if it means the end buyout is 10x. This is a pretty easy conclusion based on a Mazor misstep.
Bk. Something else that isn't talked about much but is extremely relevant...
How much revenue does MDT stand to lose in a 5 year period while they develop a completely new robot versus buying one that's nearly ready? I mean... literally it makes financial sense for the company to buy titan for this sole reason alone...it pays for itself in under 5 years!
Second...spend 350 mill and don't forget you gave titan a 5 year running start to take market share and enhance their IP portfolio...hope the new MDT robot doesn't infringe on any of the existing patents titan owns .
I think you're smarter than this. It seems like you're proving how ludicrous it would be for MDT to allow anyone else to buy Titan which infers MDT very likely does intend to buy Titan
Look at you talking about common sense. How cute!
You mean the attorneys noted - the merger and acquisition attorneys? Just another coincidence? As they say Can't fix stupid
No one responded to this? Sport? Belize? Magnus??? Hello. Honey? Amy of you have an intelligent response other than IMO?
Sounds like a lot of dilution to me
i think its pretty obvious why he did. you're somewhat smart. i'm sure you can connect the dots. you just don't want to. it may be nothing. sure doesn't seem like it when you connect all of the dots - like - oh i don't know, medtronic has invested in titan and is getting close to potentially IMO buying out titan
alllll in my opinion. only my opinion.
Haha. Indeed. Maybe the testosterone makes us dumb. Or incredibly wise. We will see
I think it's sort of a matter of semantics. One side of the ledger to another. The money is in or out of one account or another. Adds up the same net net
Boom. Mic drop.
Ha. I missed it the first time.
In your own words, you think Titan is superior.
you even admit in your own statement that Titan is superior. lol.
Your words "I THINK THEIR TECHNOLOGY WILL BE SUPERIOR" which means, it isn't. you just hope that it will be
So you want everyone to follow your advice because "you think" something that you don't know anything about other than having a clearly ulterior motive???
come on man. i cant believe i thought you were legit for the first few years reading your posts.
that's always the greatest investor's strategy right. to sell and buy back later? penny wise and dollar foolish. enjoy the crumbs
Does there need to be anything other than patents? You're basically worthless if your product is so bad no one else would bother stealing your technology. Just saying. And if your tech is so bad it doesn't deserve the expense of a patent.... should tell you something
Love your posts . . articulate and clear. Well done and I agree with you. Maybe just because I'm a homer for it...but it just clearly makes sense. It's not like we dont have patents and that this is some sort of snake oil we are trying to build and sell. Look at the machine with your eyes and read the patents...it's incredible
Because there have been mistakes and it's taken longer than any of us longs desire has nothing to do with the ultimate outcome that to me seems inevitable
What did the CEO of Medtronic say about robotic surgery again?
Didn't sound like someone that wasn't laser focused on having a grip on the industry