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Much agreed Mustang! I just wish this stock always acted logically! All of us that work in the OR know that this will be wildly successful if it just makes it to FDA and is managed in such a way to market it )or sell it to someone that can).
I was thinking the same thing... just feel sort of like a prostitute if I do it... I sold a lot of my Titan in the 40s las fall. Made good on some other stocks and bought back in Feb/March and have more to show for it. I tried again with a little last month and am way down on the other stocks I bought... so it is all a little bit of a gamble. But it's making me think
It is amazing how much money TRXC can raise in a crap offering. If Titan could match that, we would be able to operate to FDA submission. That alone could give confidence and the PPS would naturally rise to the point of warrants being in play. WHY??? has this not been accomplished here???
Yes, agreed... I think pre FDA buyout would be 1-2 B range. Once there is total design freeze and a study that shows it in working order. Puts us in a 4-8 range
If it were valued at what ISRG is currently then yes that is possible. ISRG had a market cap of 18 billion 2 years ago. Now it is almost 31 and growing! I think if Titan were to pass FDA and come to market, a valuation of 3-4 billion is reasonable. In 2-3 years ISRG could be looking at 40 billion. Market excitement about a true competitor could definitely drive this to a 10% of ISRG valuation. The minute they start making money 20-30%. There is real money to made here. The dilution hurts but doesn't kill. Even if we raised all 70 million at this level of .3, we would have approx 400 million shares outstanding. A market cap of 4 million gives a PPS of 10. Hell, right now I would be happy to see a PPS of 5! But it is a true possibility. Look at companies like ISRG or TASER. Serious gains in short amounts of time. TASER had a 3000% gain in one year! That would put us at almost 10... Just saying it happens. And the robotic market is ripe for it. That is why we are all here
THIS is what we are truly talking about! ISRG is nailing it. They have a market cap of 30.5 BILLION now. All the talk of R/Ss and whether it is good or bad, really doesn't matter much IMO. Two things matter most... If this is a viable product to market? We are all betting on that and that is why we are here. And when it does get to market or even FDA, how much does the MARKET think it is worth?
If we go on a a shares outstanding of 250 million and the MARKET values our product at 10% of ISRG than we are at a PPS of 12.2. If we do a 4/1 r/s and have 62.5 million shares the MARKET will not look at it any differently. 10% of ISRG would be PPS of 48.4
The key is if and when to do it. The OTC is a place for development companies inherently. If there was an early split that got us to up list to say NASDAQ, the big money investors would grow tired of the need for money and fundraising and likely the stock would take a beating. It is taking a beating now, but there is a chance that the warrants could come in to play even if far fetched... When Titan gets to the big boy market it is crucial to be legit and worry free IMO. So playing it now with shit fundraises and hopes of warrant execution makes a little bit of sense.
Everybody remember or look up price history of TRXC. A CRAP robot but closer to FDA... the market cap was up to above 700 million! Crazy. It is crazy that they are still significantly above us even with CRAP. At 700 million now we would be sitting at roughly PPS of 3.3. My point being, that the market can work fast. TRXC went from .35 to 5 a couple of years ago. They split and floundered.... because they had a CRAP product. Smart money learns you know... they can get excited and then they learn. All with a bunch of market players thrown in the mix.
Titan is in a bind with money. I think there is a better team in place to get the money and move more efficiently at utilizing the money to get to the finish line. If you buy more, get lucky on timing or just average down IMO. The more you have now, the more you will have in a r/s and the more you will have without one. The new SAB members, the patents, the leadership is giving me confidence to get back in strong. GLTA!
Perhaps because the partner can be stealth and invest in fund raises and get warrants at the same time. They know they do not have to disclose the purchase and they also know they will make a killing with their investment! Probably better than any deal they could hash up with a Merger/buy out now. The rise in PPS with the "known" development will pay for the buy out essentially. Rather genius really
150K shares and holding... considering more. Buying elsewhere for now. Wish I could do more all around!
Very interesting to the point of being very odd...
The fact that FAIMS tech got a huge boost this morning on its detection capabilities, along with tech like NaNose on board, puts BTHCF in a far bigger future picture than the relatively minor dilution happening now. AMG is right IMO, there are relatively few total shares outstanding here. I am a practicing physician for 20+yrs... if this thing goes it will be revolutionary and game changing. AND, we already KNOW it works! It is just a matter of packaging it and sending it through the hurdles of clearance for use. Not an easy job, but totally possible. AND, even without "FDA" clearance, you don't think people will take a breath around the world in XYZXYZ clinic to see if they are positive on anything?? There is a huge market for medical tourism and with this device, you could be actually vacationing and pay a minimal amount of money and put your mind at ease in a matter of minutes! I know this is penny land, but this is a true opportunity. The trust has to be in management using the funds effectively and getting this thing built. GLTA. Not worried about today in the slightest...
Yes, people are talking as if this was very predictable. After all the hype and promise, it seems everyone knew that we were heading down??? Did I miss something? Does this not work? Just because Pitcom wasn't a stimulus, this is now a dud? I would appreciate an honest explanation as to why this great promise of the future is now a dud... Thanks
I actually graduated from Ozark High School! It has been a while ago!
The price went down 30% before the announcement of an offering. Total BS. If the offering was a good one, the insiders that sold would not have been so eager to get out and potentially buy back in. The fact that they did this raise without any PR push is a sign of last minute desperation. They should have raised some a month ago... perhaps the prior success of McNally has made him arrogant about the ease of money raising for this sector. About the pressure that ISRG can have to keep a new company down.... The only hope is that he has a personally invested raise coming and didn't mind the share grab personally at a lower price. This grab needs to be at least 50% of the need IMO. If less, it is just stupid. If less, it shows that there is something seriously wrong with SPORT. Patel or not, there has got to be a reason that this is not raising funds in a MULTIBILLION dollar arena. Almost all of us here, saw this as an opportunity to make a huge profit. Like a sure thing, if they could just get it to market. The company misinformed us several times that they were fully funded... Many have lost big time. I am still losing on this venture. I have been in practice over 20 years and have seen many things come and go... however this one has put me financially back 10 years... My foolishness, however these guys are a bunch of lying F's IMO. I hope of course that I am wrong....
April is a long way away with the drip drip dropping of 2-3% per day. I am starting to feel duped again. I sold most and bought back in to about half of what I had before...at 38. To see it dropping to below 35 and lower with no course or plan is just BS. Hell, we didn't even get a bump from the weekend conference on Robotics where McNal was presenting!!....The dagger is starting to hurt... This price action and volume would not be happening if there was an inkling of truth to Verb alliances. Titan may have until April, but if nothing of significance comes by then (I hate to be one that says the "if this then____" crap) this train is derailed, decommissioned, and dead
I just sent out the letter to all the addressed as well. Thanks for your work putting it together... hopefully some answers soon!
Exactly, and the point being that they got 130+million for it! A tech that is at best 5-10% of Sports reach. So a buy out of 1-2 billion isn't out of the question if SPORT was "finished" and at the FDA's doorstep. I bet most would take 5-10PPS at this point... The prior article showing how much money was raised by private equity was a good find and encouraging. I hope our new CEO has such connections.
I agree... I have been following this stock for the last year and the first of this year has brought an attitude of HEADING UP. New money in place and new people with the talent to get us UP. New laws in multiple states to support it all! I'm seeing this as a company that is working to establish a big presence in this market. GLTA
think if ISRG puts out the single port, it legitimizes the tech and draws attention to other players. Now they are sole owners of the market place. There is no need to come out with their product until they see who is bringing what... Only then will they be able to pounce on the market place with a for sure competitive product and plan. Too many unkowns now for them to rush out the tech... They could also be working on downsizing their platform for the "single site only" option. As it is now, it is too big to compare to a SPORT or whatever JNJ has up their sleeve
I think at this point it is all speculation as before... The financial answer could come and the PPS skyrockets and myself and CUIN and others are scrambling to get in while it rises. That is why I kept 10% in. But the history shows financing through offerings/dilution. If that were to happen enough to the point that we had a year+ of financing (getting us through and up to FDA submission), the price might fall and then rebound quickly, giving us more time to accumulate. However, if more 3-6 month financing is at hand, I don't want more money in this now. I lost enough with that plan before! I was able to rebound some of my losses with some lucky picks, but am far from recovered. I don't want another depressing year... If I am able to jump in on the way up, I need an average buy of .55 to have what I had before. I would rather buy happy.... So I will wait to pull the trigger, but I DO like things so far this new year. GLTA
I sold 90% of my shares during the last pathetic fall. I like what I'm seeing for the new year. I wonder if the halt is an offering that is being filled by new connections... once news of financing is secured I will be buying back in. But I like what I see. GLTA
I am total agreement! My entire outlook on investments/retirements has been screwed/changed because of the misinformation/BS that I followed and put my money into for years. I researched about ALL things robotic and saw that this had a chance to really happen... I am not a penny stock gambler. I'm pissed at the opportunity that seems to be cooked. Trying to recoup now, but I fear I will never recover...
I am right there with you... 800+K to 185K in my 401k.. Trying to make back some and the MJ stocks are rallying now...I would only be willing to get back in if I saw a change in management and/or evidence that we are "truly" funded to FDA submission. I think there is still potential here, but my confidence is waaaaaaay lower. That said.... I am going to kick myself if there is reason for this move today. GLTA
I wish we could just take this thing over.... But we are just pennies in the jar to a management that pays themselves and gives themselves options without results. They got entitled along the way and are finishing out their careers on our money... They win either way. I imagine Fowler was not the entitled sort...
It disturbes me that with all that is obviously wrong with this investment, that someone is still buying. My sells have filled faster then when things seemed good. Either too many average down hopefuls or a coordinated effort to swoop in and make some money on a take over. I know we have clauses in place to "prevent" hostile take overs but I'm guessing that most here would be ok with a hostile takeover at .5-.8! As some have said, this investment which had so much hope, has changed lives. I've lost 10 years worth of savings in my 401k. Forget the dream of retiring with boats or vacation homes!! I've lost 10 years and am pissed and I hope the mgt team and/or whoever is responsible for this total fail/misrepresented mess end up with a most painful and slow growing cancer. Something that makes them realize that F'ing people is not right. Call it Karma or hell or whatever, they deserve a fast pass ticket. I've won and lost some on development company investments, but nothing compares to the absolute BS that has been this. Not only money, but time out of all of our lives we will never get back. Thinking we researched and vetted this thing to the nth degree. I work and have done a good job making complicated decisions my whole life. Analyzing risk/benefits and coming out ahead for me, my family and my career and patients. I was heavily invested here because of sound reasoning. These guys and the market just follow a different set of rules and ethics. And to them.... I say F you! I want you to know that you have affected my life with lies and BS. I will now permanently more question things that should make sense. I will advise my kids to trust a little less. I have been humbled I think too much to my friends and family that I also advised to invest here. I will work hard and pay them back so they can know integrity. Thank God they didn't invest as much as me! I've sold off 80% and plan to keep the 20 just in case the people buying now actually are on to something... But I mostly am pissed and will assume I will lose it all. Another 3 years gone. And if I'm ever in a place where I see anyone on this mgt team and we are in a place where you can actually punch someone in the face with no other consequence than satisfaction, I will take my satisfaction!! GLTA
I am in and will give another thanks to Mustang and everyone else willing to contribute. It seems it is all we are left with. I have been the optimist on here for a long time, but this latest round of lack luster financing without follow up as to whether operations are back up has gotten me more down on Titan then ever. My plan has been working my arse off taking extra call. I've got two kids in high school and have thought for too many years that my retirement plans were golden with this lucky opportunity. I'm just in a state of numb realization that most likely it will not be so. Reorganizing and working hard with very little hope here. On the bright side for all of you, I have sold half of my position in the last week (at a sickening loss), so chances are pretty good that Verb will buy SPORT shortly for 10 PPS. AYYYY
I would surmise that SPORT has the software/hardware to do the operation. The second screen that will be used to integrate the case to the hospital and patient history/records/radiology is what is not yet complete... Our one hope is that VERB is doing this for us by December and SPORT will be a trial run for the technology. Yep... reaching. But I have no doubt that the robot is working. It was demonstrating at SAGES earlier this year, and is in several videos. Big companies are playing it smart. They see the floundering of our foolish team and will pay pennies by waiting another year. I can just hear "let these fools struggle to get to FDA... by then the PPS will be so low, we will buy it up for nothing and make billions"
I am in.
1. Being well aware of the start up nature, at the AGM 2015, it was stated with no doubt that "we are funded to completion of FDA submission" That is when I practically doubled my investment here. Only to have the time line changed in a few months and have the "funded" talk turn out to be a bunch of BS. The PPS plummeted on these words of fact not holding truth. Many like me were stuck with a lot of shares and a huge net loss.
2. AGM 2016, Fowler and Hargrove grinning and telling investors "I have never been so confident in the future success of Titan" With the SPORT being mostly finished, many bought more shares only to be told we were lacking of funds and Fowler was out 2 months later. That is blatant lying. It has nothing to do with a "start up company". If this is the lack of clarity that management brings to the investor, than the same lack of clarity is what is killing the trust of the HUGE investors we need at this point. Honesty and clarity equal trust and this management team has destroyed it. WE NEED A NEW TEAM.
3. PPS is a show of confidence. No further is needed to be said, except that development companies all over have good PPS growth for the investor prior to launch of the product. A PRODUCT like SPORT with a multibillion dollar future should NOT be failing.
4. Random showings and articles by third parties that are connected to no apparent growth plan are proof of a lack of effective and coordinated plan to market Titan the company. We apparently have connections at UCLA, Mayo, Columbia, Vanderbilt, Rochester, France, India and China... There should be some research articles out and talks in academia... No coordinated effort to teach the community about the possible future.
5. Salaries and no accountability as to what has been personally done.
6. Relationship firms being paid and no apparent productivity.... Clarity
Keep adding and let's put this together.... These same greviences will put some legal candor and tone in them as well. I am not promoting that in any way, but a case can be made... and if there is ultimately total failure here, and WE lose millions of dollars of investment, I will be first in line to make sure everyone on this management team is accountable for the lies and misinformation they have handed us...
I am right there with you.... Frustrations and all. I just F'n know, if I sell, it will go up the next F'n day! And.... I know it is not lost until you sell... but I feel like I have lost my left nut!! Kidney and eye as well!! I have lost a lot and am at this point, mad as hell... Glad to know I am not alone. GLTA
Funny monologue!
Could be competitor buys... then if/when the time is right, they will sell for a nice VERY SMALL profit and help keep the PPS down so the Titan never gets a warrant exercised... If I were CEO of our competitors, I would be buying
The only problem is that the offering is at a price equiv. of .46 US. The news caused a sell off and now the open market has a price of .42. Sure the .46 price comes with a warrant, but how much confidence does anybody have that those will ever be in play! Even at .75 at this rate! I see that they totally screwed up and over the next couple of weeks, doubt they will be able to raise near enough that is required... WE NEED AT MINIMUM 25 million to build confidence and move forward. They better get their butts out there and sale this thing and not think the market F'n cares about the ability to buy in at .46! I am beside myself at how crazy this is... Over and over it is said. We were at 2.5 with SCRAP METAL! Now this! Unbelievable. The only hope is that somebody understands that their 30-50 million infusion will get us to FDA submission which will raise the hairs in all competitors and force a good buyout. EVERYONE ON HERE SHOULD PLAY POWERBALL..... WINNING TICKET GIVES 50 MILLION to TITAN to complete this year and instantly becomes a BILLIONAIRE in the process!!
HAHAHA... No doubt!
I didn't know the background either and it is interesting to hear. I am not a business man, but based on years in practice and logic..... A legitimate and sharp device deserves a legitimate and sharp team developing and marketing it to use. I feel extremely confident on our device... we need a better team it is clear. A better way to have it then many other places.... The greatest team in the world can only bring along a turd so far. But teams and members can be replaced. Plans can be shifted... My colleague said it looked like SPORT is ready to wheel in to the OR and go to work. It is impressive. We need to get through this year and put a sticker on it!!
I think that the only way TRXC remains a viable company is if somehow with the parent companies involved and via ximedica, there is a merger with Titan. Somehow, money gets infused to finish SPORT and the merger offers 3 potential robotic platforms... obviously only one=SPORT. The other two are donated to medical schools in Nigeria. Hell at this point, I would be ok with that, because that would get SPORT to market and I truly think it will be a huge success if and when it does.... WITH all the banter of TRXC vs Titan on here over the years, wouldn't that be hilarious if we all became friends!? C'mon mgt get some money here and finish SPORT!
If anyone could walk me back to where anywhere it is said that we have nine robots built. I see that mentioned a lot lately but never remember seeing it mentioned they were indeed built Yada Yada Yada ...
Trxc is clearly not a worry in any sense. Funny joke galore.... But we have worries in many others we don't know enough about. I hope we secure financing soon because next to market IMO is the difference between multiples of PPS appreciation. Europe has a good chance to stir up interest and investors. GLTA
First thing ever that Paige has done? Either way, that is very good news and that kind of exposure will only help bring money in to finish this very short term to FDA/EU submission. This is what needs to be happening frequently... Good news to wake up to after a long weekend!
They actually say, "similar to surgical robotic platforms we have worked on in the past" WTF is going on there?!
I am done with my full day... It started with me driving to work and reading the update from Titan about Fowler. I felt honestly sick to my stomach..I knew I would not be in a place to trade actively, but have looked at the PPS and this board to feel the pulse all day. I must say, I am pleasantly surprised that we didn't full on crash. Fowler has been "THE" man for so many here. The theories I've now heard about the options given to everyone but Fowler, and now Fowler out, have been intriguing and I logically must think there are possible truths to many. The fact that huge volume didn't occur and the PPS stayed course for the most part are very encouraging. Some deal making is being done behind the closed doors is all I can imagine. Whether it is great or good or pathetic deal we have yet to know, but I also can not imagine a deal that keeps us at .53. ANY deal would have to move the needle up. I am too heavy as it is on this stock but am considering buying more to at the very least get a 20-50% gain on where we are now. GLTA
I agree. I think another company is taking this forward and Fowler has done his part. He has many other things brewing for himself. If this is dead in the water he can't do anything and if this is being handed over as was discussed at the AGM he would not be so involved. With options given and him out, but in as a consultant, I think that a merger is coming. Details to be hammerd out and us in the cold until ????
I am starting to feel like this classic scene with this stock! Just plain hard to explain.