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Booth: 2600
https://www.linkedin.com/company/titan-medical-inc
Titan Medical is excited to present SPORT Surgical System at AORN. SPORT is an advanced robotic platform featuring multi-articulated instruments, 3D High Definition visualization, an ergonomic open workstation and a single low-profile patient cart.
Question? Does Titan have a board of directors? Who does the President and CEO report to?
I totally understand and you are correct, it would not be smart with a long expiration date, but when JH talks about warrent money coming in as it relates to getting the stock price up he is referring to warrents that are coming up on the expiration date. No one would let them expire worthless if they are in the money. Even if they buy and sell immediately. That was my point.
You are correct except for one major point. If you own a warrent at a struck price of $1.00 and when you are at the expiration date, any price above the $1.00 is in the money. So if it is at $1.10. You will not just let the option expire and leave money on the table. My point is that the stock price does not have to be significantly above the struck price for someone to exercise the warrent.
Does anyone know what the overnight offering details are? Pricing, number of shares etc. started trading without this information to the downside. I predict the stock will be up at the end of the day after this announcement.
Well, it would be so easy to manipulate the stock to keep price artificially down. Think about it... If someone who want to invest big time or try to steel this company they could have purchased several million shares and then keep putting up for sale a these low levels. They can also be a buyer of their own shares in another account at a cost of a penny a share. This will continue until they get their financing in place that will take them through comercialization and sales. I think they should take in some debt.
What about taking on some debt instead of issuing more shares. Is that an option? At the current share price, I would think it is a viable option.
I predict little to no share price increase through YE. Tax loss selling restrictions for purchase. Now after the 1st of the year I can see major share appreciation.
Intuitive Surgical went public in 2000 around $18 a share. For the next 4 years the stock dipped to the $7-10 range and did not see $18 again until 2004 at which time they started selling the product and penetrating the market. 2004 - 2015 has been an impressive run. Im sure the folks that bought the stock in 2000 and for 4 years watch their investment drop over 50 present to just get even 4 years latter were bitching like you on message boards.
I added 15K shares last week and will continue to add at these levels. 270K Shares and counting. I was fortunate enough to buy a lot of shares back when the stock was in the 40cent range. We will see a pop in Jan when the tax loss sellers buy back in and then hang on tight for the 2016 Ride!
You are pathetic with your ranting. They are all shareholders and have invested personal funds as well. You actually believe that they don't want the stock price to go up and they don't care about shareholders. Seriously!
Look at the corporate presentation. $57M is needed through Q4 2016 according to the milestone $$ cost they have stated. See Slide # 15. They don't have that much cash on hand to get them there. They were hoping to use the warents, but that has backfired thus far. I agree, that communicating how they will get there will help move this forward.
Nothing is wrong! It is a pink sheet development company stock (Penny Stock) that has no earnings and a lot of potential in a very hot sector. It is YE and the stock price is way off its high for the year. Limited buying and lots of Tax Loss selling right now. Hence, the stock price action. Most will buy back in 30 days in fear that they will miss out of this very low stock price. 2016 will be a pivotal year and when she runs watch out... It will be big and fast...
Its crazy... $78M dollar market cap. I guess it has to be tax loss selling... The fundamentals for this company have gotten much better not worse. I cant think of any other reason. If this is the case, then we should see a lot of buying in the next 30+ days or beginning of Feb.
I read it the same way. I think Cadence is the world wide supplier.
Mutual fund managers are not allowed to invest in these types of companies. They need to be listed on a major stock exchange. Interest will come when the big players have visibility to Titan not before.
Up Listing Requirements...
http://www.investopedia.com/ask/answers/121.asp
Totally Agree!!
You make this statement as if the entire world knows about Titan. The problem is that until they get up listed to the NASDAQ the big boys cant touch this stock or for that matter even know about it. Very few people have this on their radar. If they execute and they get up listed it will be explosive.
Your welcome!
Also no issue moving the Titan stock over to a Roth IRA. I actually competed the conversion earlier this year during the first dip in share price at around $1.40. I resently competed a recharacterization since the stock is now in the $.80 range and will convert in to a Roth IRA again on Jan 2. See the rules. I will then have through Oct 15, 2017 to see how the stock performes and can switch it back if the stock tanks. I have done this all through my etrade account. Very easy to do.
What you state is all true. It is certainly a risky move, but you can limit your downside risk. Say you complete a conversion in Jan 2016. You don't pay the tax on that conversion until April 2017 or + 6 Months if you file an extension. Here is the good part. You can reverse the conversion at any time up until time of filing. It is called an IRA recharacterization. Look it up on line and read the rules. This period of time is pivotal for Titan. If they execute and the stock price rises significantly, then you are a genius and make a ton of money tax free and if they go bust, you complete a recharacterization which reverses the conversion so you don't have to pay the tax. Your risk is limited to you Titan investment. This is all legit. Look it up online. Cool stuff!
No! See attached! http://www.rothira.com/roth-ira-conversion-rules
No Limit!
Super Roth or Roth Conversion! Are my Titan friends familiar with this? I just completed one for my Titan shares that were in my traditional IRA. 100K Shares. Since Titans PPS is so low it is the perfect time to do so if you are long Titan. What this does when converted to a Roth is you pay taxes on the value at conversion for that tax year. Taxed as ordinary income. The plan for us risk takers is that if Titan performes as we think it will, all gains in this account are tax free for life. Example: I moved 100,000 shares of Titan at $.80 = $80K. I pay approx: $28K in tax now, but if and when Titan goes to say $25 per share. The valve of this account is $2.5M, and is 100% tax free upon withdrawal for life. You can continue to invest in this account and again all gains are 100% tax free upon withdrawal.
This may be a good strategy for folks that currently have shares in a traditional IRA! Go Gitan!
Why do the include a name and phone number with the press release if they will not return phone calls?
What the F--- does this mean?
According to John Hargrove, CEO & Chairman, Titan Medical, during this quarter, the main objective of the company was to invest in its technology and create a roadmap for the future success. It successfully did that and made sure that things could fall in line in the future as well.
Unless they had another reason to do so. Good news first... Friends and family sell shares with the 20% price increase and increase in volume. Then they buy it back after the bad news. Insiders did just fine. All of is that are not in the NO continue to get screwed!
No big players have this stock on their radar. Stock opened this morning and little to no movement. 3300 shares traded! This is why the stock price is at a buck. This goes no where until it hits the radar of the big money.
I totally agree... Massive Leverage! Let the games begin. I hope they read The Art of the Deal!
We will have to wait for Q3 results to determine where they are at financially and with advancing the milestones. This will be telling....
Things can change in a heartbeat. Real positive news can catapult the stock which will put all the warrants in the money and generate the cash needed to take us to commercialization. They know this and they have a vested interest in getting the stock price up at some point. They just don't need it right now... Soon, but not right now.
Also, they all own stock options and some have purchased shares in the open market with there own money. I believe Fowler and Hangrove invested $100K each this year. PATIENTS!
Unless Point is bashing Titan to get shareholders to sell so he can buy the stock at a lower price.... Just saying... I don't trust the guy.
I am not going to let you off that easy Point! First... We don't even know who you are and if you are really a long investor in this stock. For all we know you are part of a stock manipulation scheme. The last we heard form you, you stated that the share hold meeting was awesome and all positive moving forward. You stated you were going to write an article about it, which never happened. Pumping the company while you and your friend began selling off shares. I am not convinced of your senserity and think you are a scam! Your Dead to Me!
That equates to $1.44 USD. We can be above that in a heart beat with some positive news.... And they know that. The million dollar question is?? Do they have positive news?
Why would anyone exercise warrants say at $2.00 per share when they can buy the stock on the open market for much less than that. At least today. The stock price needs to be above the exercise strike price to make them in the money, then they would have to be purchased at that price or sold in the open market To make the spread, which could drive the price down if there are limited buyers.
Well, I am not aware of any 8K filings as well, but I got to believe that when they did another stock offering it wasn't all small time investors. I am not aware of it being offered to the public. Does all large investment venture capital money have to file an 8K?
So, let's say that JNJ is a major venture investor in Titan. Implementing the Shareholder Rights Plan makes sense to avoid a hostile takeover. There would be no rush fir JNJ to purchase because they may be a major stock holder. They would wait for clinical trials and FDA submission or approval. The purchase price per share of $20, $30, $40, would be significantly offset due to their venture investment. Basically paying for all shares that they don't own. This totally makes sense to me. What are your thoughts?