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Well half of that amount was just getting 10 robots built which won't be required again. So burn will return to the 4MM amount per quarter
Yes - thinking next Tuesday IMHO
My thinking here is this is the first PR/release to talk about Sales, Marketing, Product and hence revenue. Everything else was previously about R&D/Design. We are moving into the Production phase which should set it up for $3-5 range by mid next year. IMHO
1.23
Generally agree - my only stance is, warrants represented easy access to money if they could have got the stock price above the warrant strike prices. December still could be in play and another couple million comes from that. The Q1/Q2 2016 warrants have some big money so it would be great to be over $2 by then (and in general we should be over $2 by then!!)
I'm pretty sure all warrants are given as a financing deal sweetener except for the straight up TMD.WT ones.
I have been told many times it will be manufactured in US
However demand could be strong due to news and we never see this number again. Monday morning or Next two weeks will tell.
It takes the financing risk (largest risk) off the table - which is great news.
I'm holding E's and believe 2016 will show us the money all around.
Key dates are really Nov 10th for quarter end or Nov30th when they are out of money based on prospectus. Something has to happen (good or bad)
"The Company anticipates that it will be able to continue to operate for four months from August 1, 2015 based on the current amount of its cash on hand and short term securities and its current rate of expenditures"
Yes, he was. Why do you ask?
I don't speculate often but here is what I've been able to piece together from my DD..
1. They are not being fully acquired - they are moving forward as an individual entity for the next little while.
2. They are running out of cash.
3. They are already partnered with a worldwide player
4. They are using third party for manufacture, service, sales and distribution of SPORT
5. Euro sales will happen next year.
My theory - within a month they announce a partnership with a major player, 30% equity is given to the new owner with a cash transfer of $35MM and future warrants, options, etc.
Not true. They don't PR anything!
I will take your bet. I think CE mark in 2016 gets this going!
Ask me in 2.5 years and I will tell you
I'm going to go explore this as its a mile away from me...
Until they run out of money they aren't out of money. And if the December warrants are swapped out for shelf money and the 2016 warrants become in the money then nothing really changes from before?? Only time will tell but between Oct and Dec will be interesting
I too am not sure why you just keep posting the same thing.. What motivates you? You're probably right but then I think I'm right that the moment they announce raising more $$ then funding risk is off the table and it will likely go up during/after.
Pretty much, though 2016 is anyone's guess. Seeing the real robot do a human trial could cause this thing to shoot up to $3 and then all warrants are in play..
The likely scenario is that shelf and all warrants are exercised, the only warrants at risk are the Dec 2015 ones that are a bit out of money at this time.
3 Training centres to be setup in Europe this summer!!
Agreed - this is a much better update than I've read/heard all year..
AND automated tasks and subtasks on initial launch.. Awesome!
Did anyone hear that SPORT has tele-operation?? Fowler threw that in there at 32:20..
Re: TRXC - the user experience is quite solid on the latest revision of the Transenterix device as per their latest images.
Spider FDA version
Was told Aug 11
Wrong!
Another LTG article that backhand compliments Titan at the expense of TRXC lol
I want to start a new series of posts here that are called "If I were CEO" ie: #ifiwereceo.
Starting with my first post, If I were CEO, I would have put out a PR stating we are one of two companies only to be invited to an FDA sanctioned two day workshop re: robotics.
I would do this because it would help raise awareness to Titan which we need given we are seeking funding and want the maximum share price going into any offering.
I'd love to see what you guys think, and maybe we can actually compile a few of these and send over a factual/logical email?
Hey are you calling and asking the tough questions?
Well now I hope we see more PRs from them as they need to up the stock price to get the most of that 45 million. Shareholders will revolt if they dilute too much! I'm going to be talking to Randall again and push him on this subject
Thank you for the buy signal
wow - you're getting sillier by the day, no insider sales..
Ironically at least one exec is actually on vacation :)
Why is this article not on their website??
http://www.surgicalproductsmag.com/news/2015/05/scratch-paper-or-new-robot-debuts-2017
Can someone who knows Hargrove send this to him?
I do. Via my daily calls to mgmt lol
So do you recommend we sell, short to a support level with large volume, and buy back 35% more shares? Call those ranges, let's see how good you are, I'll join you in this well thought out plan.