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Yes, Cuin, that is exactly correct.... others are having trouble understanding. This was a good thing for Verb and a big vote of confidence that SC wanted 4 Million in stock that was part of the raise! That will come back to the new verb in motivation and trust. "time to get to work and make this a multibillion dollar company" is what is being said inside the conference room of the new combined entity. They know it. Some of us know it. Some traders don't want to know it.... this has been too easy to "play" for them and they are greedy and want more. You've got to know when it is time to go though.... and it is time for them to go or get burned IMO. VERB is the real deal. Bigger people than us think so and so it will be...
Woohoo! All the opinions will be right or wrong tomorrow! Lol! IT IS EASY to say this is going down ALLLLL the time. What genius! They are right 50%.... SOOOO many said, NASDAQ will never happen. SOOO many said the RS will result in a crash. SOOO many were wrong and want to claim they are so knowledgable. No one knows what tomorrow brings, but I can say with confidence that we are ON NASDAQ and SOOOOO many more eyes will be on this company and tech that it is bound to grow. The ensuing weeks and months VERB will ferment and the user base will grow. My $1 trial month of Taggcrm will change to a $100 per year along with everyone else!!! Congrats to you shots and all the other longs! They may claim this is not a big deal, but we know it is a BIG DEAL!!
Because out of ALL of the institutional investors, only a few with certain characteristics were able to buy at that LOW price. Other Institutional investors/traders HAVE to buy on the open market. This will create demand and of course volatility all depending on how they view things... If a day trade...volatility. If even a hold for 3-6 months... demand and an increase in volume/PPS. There were lots of eyes and ears hearing about this company... only a chosen few got to be part of the raise. LUCKY them. Only prediction of where this goes, is when revenue starts proving its weight in gold. No one knows what that will be yet. I predict it will be huge, so I am gambling on that notion.
PPS of 500 is a 7 Billion Market Evaluation based on approximate post NASDAQ share structure. With all of the POTENTIAL verticals here and all of the major players on OUR team that have been part of companies with Market Caps FAAAAAR exceeding 7 Billion, I think a 7 Billion MC and PPS of 500 could happen faster than most think... ESPECIALLY if considering a buy out option. By end of year if VERB has massive growth showing and is spread in all arenas, MICROSOFT ALONE could say... YEP, we are paying for it to be part of our platform. IF they don't offer a pretty penny, someone else will want it... OH. But yes, the former MICROSOFT CIO is on our team! PPS of 500 sounds outlandish... but within a 2 year time frame??? It is most certainly not outlandish. Of course we could be at 50 2 years from now as well. Adoption rates are hard to predict.... BUT the potential is most certainly there. A motivated, massively experienced team and "potential" can go very far together... It is not stupid to speculate IMO.
Less here more there right now... plan on changing that in the next couple of months based on how things look on both. It's a gamble to say the least! But good to be in a gamble where the main question is how much will you make! I just think this industry is truly ready... and I am more familiar with it. Watching, talking and researching all the time... Talked to a rep from JnJ and he has been following for a while but still doesn't get the advantage of sport over trxc as an investment! Crazy to me! And he is in the industry. I think the sale numbers and reviews will poor in here and it will blast off. Two totally different animals. And thanks for the nudge... I read more than opine lately. All the best...
I think there is no reason to believe that this is not going to get engineering verification by summer. The money is there to get it done. Then the word gets out... SO many have lost here because of timeline expectations and dilution, but that is what cost averaging is all about... Evens out the sting. I imagine we will slowly start to ramp up to that 8-9 range by June... Then to the 15-20 range by years end and then with approval 30-35. Warrants will kick in and there will be a HUGE lump of money to build out the Pre-ordered SPORTS. Likely 10+/-. More than TRXC over two years and instantly... The market will love this and the money will put together a small sales team to APPEAR to go it alone. When orders taken in go over 20 almost instantly a buy out will happen in the 5+Billion range. Minimum PPS of 90 with all warrants exercised within 2 years is my prediction. Those that bought and sat at original pps of 2.5 will make a little. Those that followed and cost averaged will do wildly well. That is my take...
It sucks to wait and not make as much as we once envisioned, but in the end, we can do quite well. At this price.... and timeline.... I think this is a no brainer.
Yes I’ve tried to buy in my Schwab on the ask and nothing.... showing a wide bid/ask 14.4/15.2. I tried again just with 5.... nothing. What is going on? This news is quite possibly the biggest statement of confidence FUSZVERRB has ever had and I can’t buy. Bizarre
Seriously... this just keeps getting better. We now have a WORLD renown image creator in Getty Images associated with VERB.... That is TRUST. That is PROFESSIONAL. That is WOW. Keeps getting better. Flying over 20 today is my prediction...
Another much needed watch for all investors is to look at the web site and look at the team Rory has put together... THAT is the main reason my investment is secure in my grips. You don’t get such high level people coming together just to fail. We have the former CIO of Microsoft, the creator of MySpace, execs from Salesforce, and government agencies all with experience in CREATING, AND RAMPING UP LEGALLY, A MULTIBILLION DOLLAR COMPANY! These are the kind of people that don’t fail. So WE are not going to fail. VERB will succeed and I have no doubt of that
More connections and integrations now with Shopify....and a growing Advisory Board full of HUGE talent in the business world.
Tagg will be an option everywhere!
Some people will not get it or IN IT until it is too late... WELL, perhaps they will get in and see the 30% annual return and call themselves geniuses... In 3-4 years after the 1000% + growth phase is over. So very glad to be here
It would be awesome to reverse the history and losses and ride the wave of a new successful surgical robot! I think it’s looking promising and I am always keeping watch. A great idea CAN be a great product which CAN be a successful business/investment. Or a great idea can just be an idea and a failed business idea and never get to be a product. Titan has been a crazy investment. But I think it’s looking like we may see a product this time next year! With or without more dilution, from this PPS/mc, we are talking huge growth potential. JnJs recent purchase is proof of that potential! Hope all is well your way ORN!
YEp, a year ago, I was upset and out... still not back in, but it is looking more promising. I would assume a lot of people are still watching but didn't want to be stuck in dead money as an investment. When things change though, investment opinions should change with it! I personally think things are starting to look up here. So... I'm not bipolar, just trying like all of us to be a savvy investor.
It looks like things are coming along and they are definitely bringing money in from the warrants. It looks safe to say they have 6-8 months of money left, so another raise or sit and wait to see how much more will come in from warrants... Need to get closer to submission and some more exciting news to get the price up a lot more to get more warrants IMO. Likely a raise in March/April... then off to the races with Titan! It looks like this might be the year things happen!
Titan Medical Reports 2018 Financial Results
February 13, 2019
TORONTO (February 13, 2019) – Titan Medical Inc. (TSX: TMD) (Nasdaq: TMDI) (“Titan” or the “Company”), a medical device company focused on the design and development of a robotic surgical system for application in minimally invasive surgery (“MIS”), announces financial results for the year ended December 31, 2018.
All financial results are prepared under Canadian GAAP and are reported in U.S. dollars, unless otherwise stated. The audited financial statements and management’s discussion and analysis for the year ended December 31, 2018 may be viewed on SEDAR at www.sedar.com.
David McNally, President and CEO, said, “2018 was an exceptionally busy and productive year for Titan Medical as we achieved all milestones related to the development of our SPORT single-port robotic surgery system. I want to congratulate the Titan Medical team and our business partners for their dedication as we continue our important work toward commercialization. By our internal estimates, we believe there is an opportunity for us to access an unaddressed U.S. market that potentially may include more than $12 billion in capital equipment revenue and more than $3 billion in associated annual recurring revenue, including smaller hospitals and the underserved ambulatory surgery center market segment.
“During the fourth quarter we completed the system engineering confidence build for our next-generation SPORT Surgical System, including a new camera system and design enhancements to the surgeon workstation and the patient cart, the two primary components of the system. The enhancements reflect our preclinical experience with expert robotic surgeons. We ended the year gaining clarity from the U.S. Food and Drug Administration on the regulatory pathway for the SPORT system. During the second quarter, we expect to begin conducting the requisite animal studies that precede human studies. During the second half of 2019 we plan to complete the required human confirmatory studies under an Investigational Device Exemption, or IDE, in support of a 510(k) filing by the end of the year. We also expect to file for the CE mark by year-end 2019.”
Mr. McNally continued, “In parallel with the development of the SPORT Surgical System in 2018, we continued our efforts toward achieving future commercial success. During the year, we filed several new U.S. and international patent applications, and received nine patent grants on various aspects of single-port robotic surgery. Surgeons presented results from the preclinical studies performed during the past two years at important medical conferences, and published a peer-reviewed manuscript with the goal of gaining awareness and support among the key opinion leaders who will be important to our success. To date, 12 experienced robotic surgeons from three continents have successfully performed 43 live animal studies and two human cadaver studies across a broad array of procedures.
“We completed two financings during the year, one where we welcomed new U.S. investors in conjunction with the cross-listing of our common stock on the Nasdaq Capital Market. During the year we effected a 1-for-30 reverse stock split in preparation for the cross-listing and U.S./Canadian financing. Additional funds will be required to see the SPORT system to commercialization, and we are currently evaluating financing alternatives while the exercise of warrants from our most recent financing continues to extend our cash runway,” Mr. McNally concluded.
Key operational highlights for 2018 include:
On February 6, 2018, the Company reported the successful completion of a single-port prostatectomy procedure using the SPORT Surgical System in a preclinical setting.
On March 29, 2018, the Company announced, in conjunction with Mimic Technologies, a market leader in robotic simulation, the collaboration and successful demonstration of a first set of simulation modules for use with Titan’s SPORT Surgical System surgeon workstation.
On April 16, 2018, the Company announced the presentation of an abstract highlighting the early physician experience with the SPORT Surgical System at the Society of American Gastrointestinal and Endoscopic Surgeons Annual Meeting.
On June 18, 2018, David McNally presented the SPORT Surgical System in the plenary session at the Society of Robotic Surgery 2018 Annual Meeting.
On June 20, 2018, the Company announced that Jasminder Brar, Titan’s Director of Strategic Development and Intellectual Property, was recognized by Intellectual Asset Management as a global IP strategy leader.
On June 27, 2018, the Company’s common stock commenced trading on the Nasdaq Capital Market under the symbol TMDI.
On June 28, 2018, the Company announced the appointment of medical device veteran Domenic Serafino to its board of directors.
On August 2, 2018, the Company announced an expanded advisory role for Arnold Advincula, M.D., a world-renowned expert in robotic gynecologic surgery.
On September 5, 2018, an abstract of a pilot study featuring the SPORT Surgical System in partial nephrectomy and heminephrectomy procedures was presented at the European Association of Urology Robotic Urology Section Annual Meeting.
On September 18, 2018, the Company, in conjunction with Mimic Technologies, announced the successful completion of the core surgical skills simulation modules for use with the SPORT Surgical System surgeon workstation.
On November 14, 2018, an abstract titled “Reverse Objective Structured Assessment of Technical Skills (Reverse-OSATS) as a means of measuring the capability of the Titan Medical SPORT Surgical System on core surgical principles” was presented at the American Association of Gynecologic Laparoscopists 2018 Global Congress.
On January 3, 2019, the Company announced that it had completed the system engineering confidence build for all components of the SPORT Surgical System.
Throughout 2018, the Company enhanced its intellectual property position with the receipt of important global patents and the continued filing of patents. It currently has 29 issued patents and 76 pending patent applications including in the U.S., Europe, Canada and China.
Financial highlights for 2018 include:
Research and development expenses for 2018 were $32,858,339, compared with $12,900,855 in 2017.
Net and comprehensive loss for 2018 was $22,639,272, compared with $33,586,984 in 2017. The 2018 net loss includes adjustment for warrant liability gain on the change in fair value of warrants of $17,095,220.
The Company raised gross proceeds of $28,424,732 through two separate public offerings of common stock and warrants.
Cash, cash equivalents and deposits with product development service providers as of December 31, 2018 were $20,012,873, compared with $28,668,927 as of December 31, 2017.
As of February 8, 2019, a total of 619,606 warrants issued as part of the August 2018 offering were exercised at the conversion price of $3.20 per warrant, for proceeds to date of $1,982,739.
Expectations for 2019
Titan Medical anticipates the completion of verification and validation testing, followed by design freeze and the initiation of animal and cadaver studies, in support of planned regulatory filings, during the first half of 2019. It also expects to submit an IDE study application to the FDA during the first half of 2019, to perform the IDE study at multiple hospitals during the fourth quarter of 2019, and to file a 510(k) premarket notification and submit its technical file to a European Notified body for CE mark by the end of the year.
Mr. McNally reiterated, “We remain confident in our highly experienced team to meet our aggressive timeline, just as they have been doing for the past two years.”
Conference Call and Webcast
Titan Medical plans to hold a conference call and webcast to discuss its plans for 2019 by the end of March. A press release will be issued prior to the call with additional information.
Ups! Yes, it went up!! Where are all the shorters now? Eating Crow? Foot still in their mouth? Can't talk? Trying to figure out a way to get out of their mess? Yes, we were supposed to R/S and watch it fall like sooooo many OTC stocks. Problem is FUSZ/VERB is not like your ordinary OTC company. Heard that before? Perhaps it is sinking in! We are up almost 100% since our "disastrous" R/S! Perhaps Rory knows what he is doing. We all know there will be ups/downs, but if you look at the evidence... the stuff in writing, real evidence about what this company is doing, you would have to buy and hold... the dips will only be swallowed up "buy" a larger surge soon after. Too many examples of people trying to play those dips to their own demise. Pre split high equivalent of 45 will come and go... because what is REAL is what we thought we had with ORACLE last year X 10....That is 450 for the non math folks out there. Yes, a Market Cap of 6-7 Billion is looming. Just look and compare other tech companies and revenues (potential). HUBS, ZUO are a couple.... but soooo many companies public and private are valued in the multiple billions with less than VERB potential.
VERB TECHNOLOGY COMPANY Inc
Quick easy peasy example
https://video.nfusz.com/player/QVVE7I5C
WOW!! The exposure worldwide is ginormous! Imagine university campuses all over the world! NFUSZ WILL BECOME A HOUSEHOLD NAME THIS YEAR AND INTO THE FUTURE!!! WOW
https://media.nfusz.com/player/F5z3Luuf
Yes, this is all coming together. Feb/March are going to rock!
Your 56 million needed also assumes it will all be raised with NEW stock raises... But yet you count the warrants in all of your future evaluations. We all know that warrants can not be relied upon, but the HAVE been cashed in and as we get close to FDA/design freeze... PPS will climb and warrants will be exercised... The total amount of SHARES after all said and done will be WAY lower than your predictions and higher than they are now... Pre FDA, this has a possible evaluation of 1-2 Billion... With that, there will be a PPS that will NOT include all warrants exercised. If a buyout... yes, all warrants have to be considered, but a 50% premium is typically added to the current value. AND with that, there will NOT be a dilution raise, therefore less SHARES O than your prediction. If after FDA approval, than the PPS shoots the the moon and warrants will be exercised for sure which will infuse huge money....less needed raise and new shares and a buyout price of no less than 5 Billion.
My prediction....
Pre FDA. SHARES OUTSTANDING with warrants/raises... 45 million
post FDA. 55 million
That is pre FDA PPS of 40 with a BO of 1.8 Billion
Post FDA of PPS of 101 with a BO of 5.6 Billion
My 2 cents
Literally one of the top dogs from Microsoft! MICROSOFT!!! Why on God's green earth would he take a position here if he didn't see some of God's $GREEN earth
As investment.. you know Q4 is going to rock with v3 out and integration occurring. Less than 3 months to some serious lift off based on the ###s everyone wants. There will be no denying the PPS when there is hard revenue to show. AND before and on top of that, we have a merger, we have updates on platforms, new partners and NASDAQ.... All within three months. To dare and gamble now is the worst time in history. I don't care if dorks drive it down to .25, it is their loss... I will add more every two weeks and hope to be at 500k by EOY. 2019 will be a year of crazy undeniable upside and I just may be able to retire! If not... I will be a lot closer! Happy here at nFUSZ with my INVESTMENT
With this low volume recently, the price will go DOWN or UP with anybody wanting a desperate position change... Today is just evidence of someONE who NEEDED to sell. Probably took a gamble with NEEDED moneys in hope to MAKE a killing... Well... No killing it yet and need money to pay bills? Who knows why, but it certainly does not mean that anything is wrong at nFusz...
On the OTC, there are possibilities of huge gains... we saw it here when it flew to 3+. Some will take toxic risks with NEEDED money or BORROWED money and bank on the fact it will happen. When it doesn't, they get screwed and bitter. The forced sell drives the price which drives the rumor which makes skeptics which causes exaggerated sell orders or even kicks in auto-sell orders. FUSZ is on fire and is spreading like wild fire.... nothing wrong here IMO. Of course many want to claim your house is burning down so you sell them your cheapies... Know your investment. Question motives and do what you need to do... I'm just saying NOTHING is wrong with FUSZ. They are on a BLITZSCALING growth cycle...http://podbay.fm/show/1089013200/e/1456884821?autostart=1 WE ARE GOING TO BE GOLDEN..
Very cool to see Nfusz integrated and a participating company at this event... right beside Oracle, Microsoft, City of LA...
Awesome exposure!!
I agree completely... This is VERY GOOD
People have put off this little gem. Too much shorting and OTC behavior.... AS SOON AS THIS NEWS HITS INVESTORS DESKS OVER THE NEXT SEVERAL DAYS, WE ARE A ROCKET SHIP FOR SURE!! Way better news today than I was anticipating! HOLY COW!!!!
This is the Oracle PR equivalent and more! We went to 3+ with the anticipation of an Oracle PR. We have it this morning just in a different package. With a p/e of 100 and 5% user base... THIS PARTNERSHIP ALONE PUTS US AT A PPS OF 12+!!!!!
IT IS AN INITIAL PUBLIC OFFERING OF A NEWLY FORMED COMPANY THAT WILL TRADE ON THE NASDAQ BY THE TICKER FUSZ. Just because we know NFUSZ and FUSZ as the ticker on the OTC does not mean it is the "same" company. It IS an IPO or the NASDAQ would not submit the news as such. The S1 fully describes how the NEW company will be formed. NEW COMPANY... NEVER TRADED....
You know this just isn't a strong choice... this is THE GUY that is involved because this company has a future status like FB, Twitter, and demands careful acknowledgement by business and government connected oversight. FUSZ is a game changer technology that will be a part of our daily lives. This is the guy that can make sure it succeeds in that realm... This is the shot across the bow IMO that says... yeah watch out... here we go!
I imagine that SAP is in research demo mode, but no matter.... it is cool. And they will see the feedback and results. NEW tech is slow to be adopted, but ground breaking tech will take root and change the way we do things. FUSZ is just that. That purple play button will be second nature... links in videos/advertisements/tv will be second nature... NotifyMED will be second nature.... NotifyEDU will be second nature.
My daughter is starting college at the U of A this week.. Pre business. Taking MIS class. U of A has the #1 ranked MIS/business school in the nation! She is going to introduce FUSZ to her class once they get going. It will then be second nature.... at the #1 ranked school. And she will get an A!
Cool video. Just posted on FB
Very cool to see SAP using nfusz tech in a simple video. https://app.nfusz.com/player/Kok7kBGs I suggest watching it and then clicking on the link to learn more.... look at some of the SAP website that comes up and then... THEY ASK FOR A SURVEY. Take it... they ask what is important to you in many different questions. TAKE THE SURVEY and click EVERYTHING video/analytics importance. Suggestion for the day.... GO FUSZ
Yes, this is a deal that will make everyone who is IN a lot of money.... They are not fools that will throw away a successful brand and base. This acquisition is with distinct purpose... TO MAKE MORE MONEY AND GROW
We are not going to need a r/s given the current plan/LOI. FUSZ a publicly traded company on the OTC is in a contractual negotiation to acquire another company that is revenue generating. When purchasing the company for the agreed amount and stock option, a new company will be formed. This new company will IPO on the NASDAQ under the ticker FUSZ. It will all happen simultaneously as per the LOI/S1. Therefore there will be no r/s needed. A valuation of the IPO will be based on the valuation of the newly formed company that has current revenues in the millions... The question will be will our ONE share still be ONE share of the new FUSZ. I would assume yes because our valuation will be based on the same thing... revenue with a p/e ratio market cap total... assume 12 million revenue and 80 p/e we are instantly valued at a market cap around 960 million. With 200 million SO, we are PPS of 4-5. The market and NASDAQ trading will decide where we go from there... but we all know, that is just the beginning, because we have instant access to subscription revenue customer base. Not to mention the growth of everything else...
NO R/S
BIG GROWTH WITH AN IPO
VALUATION SOON TO BE IN THE BILLIONS
PPS SOON TO BE 5-10+
WITHING 60 DAYS
Only someone that does not understand or is foolishly stubborn would let this go now. Of course the deal could be slightly different than was given in the LOI/S1.... but that is negotiation. The application/submission speaks volumes of the intent of both parties!
Mark a post??? YES... MARK THIS ONE.
It just doesn't make sense if they are truly that huge of a revenue company... If they are, there valuation would be at least 10X that. They would not sell for 15 Million plus 10 Million shares unless they saw the synergistic growth of the FUSZ PPS being 15-20 X current price.... Then the investment in shares would make a buy out worth it... So PPS 8-10. Of course the dilution would be at current price about 25 Million dilution to get the 15 Million and another 10 Million dilution as a "gift". Current SO is around 153 Million, so add 25 and we are at 178 of the potential 200 Million possible. 178 Million with a PPS 8-10 puts us at 1.5 Billion valuation... If they are a 15 Million yearly generator, than a P/E of 100 would put us right there based on just this acquisition. All approximates of course and speculation based on the merger going through. With said acquisition and immediate EVALUATION, we would over meet the requirements for NASDAQ and thus can be listed concurrently...
So 8-10 by EOY!
Investing is not easy and more like feeling JUST born... all gross and wondering what the hell!?!?! Still feel like the presence there will brings gains sooner and I keep track so I can dream of getting that double 1000% with that this year and here next year! Hope's alive.
By the looks of it, they are cash positive by approx 40-45 million dollars with this last raise. In 2nd Q they used around 6 million with intensive development. That leaves them 7 quarters of intensive development which they shouldn't need... 4-5 more quarters and then it is submission to FDA which should be much cheaper like the quarters of 1-2 million. Therefore they have the money to get to FDA submission and beyond.... maybe they will need a little more at the end or maybe that could come from some Euro sales. Either way, I think the next year is left now to concentrate on finishing the task at hand with enough money. The PPS tanked today, but I think it is all good in Titan land. Just going to take a couple of years to reap the BIG rewards.
In the OR showing the surgeon the notifyMD demo... the conversation goes a million directions with possibilities!! Yep. Rocket ship. In two years we will not recognize FUSZ. If you are invested here, you are lucky and blessed to be in at this level. I’m sooooo excited that we have a CEO that enjoys EXECUTING the plan!
I think that the numbers will be much higher than Q1, however a perfect example is Roach2's story. Although he bought, he is slow to integrate... That spreads the word slower than we all would like to believe. Change in habits take time... Facebook is a perfect example. A bunch of silly college kids thinking it was unique and cool turned in to a multi BILLION dollar business. But not overnight. The fact that it was good kept a slow growing base active until a POP point in which it was parabolic...
The updated Rich BOHN tweet
is huge in my opinion and the link that goes directly to the FUSZ web site talking about LINKEDIN interactive video is a major deal!! Once that takes traction, we are talking much higher numbers than you are giving IMO, but it will take time...How effective is Interactive Video within your LinkedIn profile? #CRM @nFuszInc Great advice! https://t.co/tR38QfNuTe pic.twitter.com/GmUKvM2dWW
— Rich Bohn (@RichBohn) August 9, 2018
Is Boclips using nfusz?