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Agree. I believe now they plan to only have 3-4 EV units (Per Randall). The Ximedica development is really puzzling. I know someone here just mentioned that Ximedica is still heavily involved but I do not think that is the case. I think McNally is keeping things close because of Paul LaViolette.
Ive been wondering what has happened to Xiemedica. We never hear about them anymore and I wonder if McNally has pulled everything from them due to Paul LaViolette's ties to TRXC... Thoughts?
Lets hope so. We should only go up from here...
Not sure if this has been seen before but thought I would post just in case.
http://investingnews.com/daily/life-science-investing/biotech-investing/ceo-interview-titan-medical/
It either means they could not fill the full 17 milly or they have a plan to increase PPS organically and get the remaining funds needed later with less dilution. Thoughts?
Excellent find, Fly!!!! I am so pissed I sold. Oh well, plan to load the truck up Monday and this time holding to the end. I made a costly mistake.
Wow!!! What's all the excitement for? Sorry, been out of the loop since I sold.
I hope there is at least a fire sale for those still in the stock. Longs here all deserve it. Unfortunately, the runway has come to an end for me. It was a bloodbath for me today...
I understand your position and wish you all the best. Hopefully you and other longs recover your investments here. I can no longer stomach this. I wish all longs here the very best.
You have got to be kidding me! I am out of here. Probably why Patel is gone too.
No, please elaborate. I'm in a meeting? Are we screwed here? Thx
What's very bad? Please explain. Thx
Not a big fan of receiving news on a Friday...
Flandy, Any idea what McNally may reveal in hopes of forward progress regarding PPS? Other than a partnership announcement, I really can't see anything moving the needle up? Maybe a funding announcement but it better be large enough to get them to the finish line. Just a concerned investors thoughts...
"I'm confident McNally's capital market experience will be revealed relatively soon (3-6 months). If not before, he will show his hand after the R/S. You may agree or disagree on this strategy, but it's what's coming".
I'm not sure if it's legit or not but Randall did tell me last week the three sites have been selected. Only problem is that it came from Randall... kinda odd that he seems to be the voice for Titan.
I just confirmed from Randall that Vipul is still on board and that the "administrative approval" regarding his Bio should come any day (very soon)
Mustang- Can you make the meeting? So far Geo and I have expressed interest in covering expenses to send a couple from our board and I am confident others would be open to the idea as well. Lets do this folks! we need representation there.
I said this last year and I will say it again this year. I think we as a board should pony up some money for expenses to send a couple people from our board to the AGM and who won't be afraid to ask some tough questions and report back to us. We as a group have a pretty good chunk of shares and I think it would benefit us all to send a couple from this board. Thoughts?
Thank you for posting. I also emailed but have yet to hear anything.
Unbelievable!!!! Why are they not making investors aware? The over allotment and now Patel? Don't they have a fiduciary responsibility to make us aware?
Thanks flandy. Appreciate your input to the board.
Also, Do you know where these guys are working from? Do they have or not have office space in Toronto? Thx Flandy!
Okay, Please explain a little. Is the plan going to be executed or the hail marry? My plan was to retire from Titan stock... Thanks, Flanderson.
Can one of our Local Toronto folks please drive by their office and see if anyone is there? We need to know where they are working from these days? I suspect they are working from home these day's but listing an actual office space which is not accurate would be a red flag for me. We need explanations here. Thank you to the board member who drives to their "office" and please report back. Thank you.
I understand your concern, DRG. I am not trying to scare off anyone here just relaying a conversation i had with an industry executive. I'm pretty sure no one really has a clue as to what is going on behind the doors at Titan but needing another 70 mill is a head scratcher for sure. The problem here is no one knows the real truth and I find this alarming actually. Also, why have they not addressed investors about the over allotment? I beginning to get fired up. I'm not asking for them to show us their IP but rather let us know where the company stands regarding the "over allotment".
I really want this thing to work for us all but everyday which passes with little to zero updates makes me really concerned about my investment. I was on the same page as Roko and others but the over allotment not being filled and McNally not addressing investors is really strange imo.
Am I over reacting to a conversation I had with a competitor beating down Titan??? Thoughts
Agree!
Trust me, I feel your pain brother. All we can do is hope for the best or take a very serious look at our positions... I never imagined my position would be where it is today. My original stake was 30K shares and now sitting at almost 170K shares. I feel like I got caught chasing this stock.
Lets hope the industry folks are incorrect and McNally has a an ace up his sleeve. It's 50/50 chance iMO. Why else would Patel sign on?? Is he money driven or does he see something serious under the hood?
Unless they announce something like a partnership or a major funding deal I do not see us going to .96. They can add to SAB, BOD, or announce another patent etc., and still do not believe the PPS will move north on anything but major funding or a Partnership...
Although I have been extremely excited about Titan with all the coincidences which have been pointed out here many times but after a conversation I had a with a friend who is in the industry which did not bod well for me. He is a high level individual at competing large firm whom is very aware of Titan and he told me that everyone in the space is aware of Titan but think titan is years away before they even begin testing Sport in hospitals. The industry believes Titan is having a very difficult time raising funds due to little to zero progress in the last 12 months. Its not only folks from his company but the feeling amongst the industry. He even mentioned his company already has a top secret robot which is currently being tested in 3 locations in the US and one in Europe. He also stated what Verb is doing is going to be huge as he believes there will be plenty of of robots out in the field which will eventually use their operating system (Software suite). Kind of like all the cell phone manufactures using the android platform.
I am now on the fence regarding my investment here. I really hope to see a partnership with Verb. GLTA
I agree ST. We need to get all of the 70 mill at once because if there are an more delays it will drop the share price to a point where another raise will be needed and again share price drops... Perfect Example TRXC.
No other choice really. whats our cash on hand currently? 45 day runway? I am so disgusted with the previous management but mainly the board of directors for allowing Hargrove to recklessly drive the ship.
Posi, I appreciate your call with Randal but I beleive he is a POS as well. I think he has trouble with the truth....
Best of luck to you as well, CUIN2. Thanks for the years of input, DD and kind banter. Take care bud.
John Schellhorn is the President and CEO of Monteris Medical.
Prior to joining Monteris, John served as the Chief Commercialization Officer for BARRX Medical, and as President and CEO of Softscope Medical Technologies Inc. Both companies were successfully acquired by strategic partners during his tenure.
Prior to Softscope, John held positions as Vice President of Sales and Marketing for the Peripheral Vascular Division of ev3 Inc., Vice President and General Manager International for ACMI Corporation, and various management positions within Boston Scientific.
John earned a B.A, Summa Cum Laude, from Long Island University. Prior to his commercial career, he served 7 years as a U.S. Marine Corps pilot.
Great observations. Thank you and your wife.
167,322
Geo, I'm not claiming any partnership here just pointing out there is a product being developed with some similarities to both Titan and the suribot....
Competition with snake like system and wrist control.
http://medrobotics.com/gateway/technology-int/
Hmmmmm?
Thank you for sharing...
See Flandy's post- Up until now I have been agnostic regarding the whole Verb, Ethicon, etc thing, however I now know for a fact that there have been discussions about partnerships, etc with Titan. However, no specific names were given, but assume the usual suspects were/are involved. This is ongoing and do not know either way if a deal is in place. At most I think a verbal, or a gentleman's agreement. This market is way more incestuous than I thought.
His post doesn't seem to be just breaking bread...
Questions/Thoughts from the board- Based on Flandy's recent post regarding discussions/meetings between Titan and Verb, can someone explain what they might be talking about? Do you guys think McNally is showing what's under the hood of Sport? Or are they just breaking bread over the industry as a whole? Why are they meeting and what could they be discussing? Thx.