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Told you but you didn’t take the time to look it up despite your large position. And his comments were about ISRGs single port in its current version specifically
I’m calling bull shat
I like where you’re heads at Headsupmonk but I don’t think they are using the Amadeus intellectual property to build a multiport robot at medtronic. I did a deep dive on all the patents and the patents that Medtronic gained power of attorney on were, for the most part, those related to Single port, access, camera insertion, camera, hand tools (current), and recent end effector patents. I think they may incorporate some of these into their current multiport tech. I also wonder if they will used some of these to build out and endoluminal platform?
Agreed but still need an endoluminal. I wonder where that’s coming from?
To your point we will probably be getting this exact presentation?
https://titanmedicalinc.com/wp-content/uploads/2020/07/Titan-Medical-Overview-Presentation-July-14-2020-Investor-Presentation-1.pdf
That would be phenomenal.
Excellent pick up
Pretty sure it will be the same corporate presentation as on the website
Ok good. You’ve got it figured out.
Never said you did. Just pointing out that since you’re long that this has gone from very easy to short to very complicated, unpredictable and flush with cash. Huge player in Medtronic now in lock step with them that can announce expansion of relationship at any time, terrific IP and major buyout candidate for billions.
Now that they have issued themselves their options and have 12 months of funds they have become very unpredictable. It will be very tough or dangerous to short them.
He and his team built a best in class single port robot with less money and in less time than any other company in surgical robotics development. Amazing that even if he spends another 100-200 million it will still be less than everyone else.
Good and I will be loading the boats. I have to ask though are you sure about that?
Agreed but don’t they have 48 hours before disclosure? I thought I read it had to happen within 48 hours of the event
Sleep well. It just got very unpredictable with the options. And here’s the best part, most of those options are very much tied to performance and the end game. Matter of fact many can not be exercised until there is a change of control in the company. I wonder when they are gonna decide it’s go time?
Ok so which is it? He won’t buy shares on the open market but he won’t issue himself cheap options like you’ve been saying he would for months? All I’m saying is it’s gotten very unpredictable all of the sudden. Sleep well!
You’re right HC, they are scrambling right now. Now that the options have been filed Titans no longer predictable. Best of luck to the shorts.
It’s a must watch for any serious investors in TMDI
Speaking of VP. You should watch videos of last year’s conference. Specifically his views on ISRG Single Port.....
Truer words were never spoken
You hold a ton of shares now. Careful here....
“Just not convinced WE, the shareholders, matter much. Just a reminder, Titan has not been kind to shareholders... EVER!”
Amen to this. That is why when I saw this options package come out I’m pretty excited. They are now taken care of so between cat being out of the bag - Medtronic - and them taking care of themselves their is no reason to hold this back anymore. It’s in their interest now to support share price. Kind of blows but it is what it is.
Look up Sagentia and CMR. That may be more likely.
I don’t believe Medtronic is scraping Hugo. Check out the bottom of this article. I also don’t think Titan is selling off Sport. Did you see all the Sport robots in the Chapel Hill Office?
https://www.medtechdive.com/news/medtronic-titan-medical-robotics-development-license-agreements/579198/
Jokes aside, You make some interesting points that should make any investor pay attention. I find some of them to be more frustrations versus worries. A couple of things: Do you see McNally doing another reverse split? Every company in the surgical robotics space has had significant delays, why should we expect Titan to be any different? The delay was for change to the camera which was probably substandard according to Dr Estapes white paper. This change seems to be valued by Medtronic(Covidien).
Let the past die. Kill it if you have to.
To your point this patent, while being the reason for delaying the robot accomplished two things. It made Sport substantially better and it is a moat for any other robotics company. If it can be adopted to Medtronics robot (which it appears it can considering this is the first patent by date to give power of attorney to Medtronic) it will have incredible value for Titan. For those who haven’t looked at the patents look at some of the continuation patents from this one and some of the things the camera can do. Also check out the access device patent.
It’s always been the patents.
This is pretty transparent. Now that the option plan is in place the share price will be supported in a big way before buyout. Good times ahead. You’re all just wasting you time watching the day to day. Unless your averaging down. The only thing with averaging down is the window is closing and when it’s gone it will be shut.
Just think Titan will probably be under 350 million to create a best in class, state of the art, single port robotic platform that will be the future of surgery. It’s unprecedented. None of the big boys can come close to pulling that off. Very impressive.
Also Titan owns anything it develops pertaining to SPORT. This is a very positive thing and points to Mustangs theory regarding them owning everything soon. 12 months of funds. They are further along than JNJ/Verb/Auris, will be the second offering for single port to the market and will help Medtronic deliver on their other robotic aspirations. Summer always slow. Thinking we get Trademark/Rebranding/updated website for ENOS soon. Maybe IDE and human trials. AGM and milestones with Medtronic ahead. Should be quite a ride.
So it begs the question why?
Do you think they were sitting on Medtronic info for a time? Would that have been considered insider trading? Do you still think they have some info that they are not divulging?
That’s IF they decide to exercise those warrants. McNally just on record saying they have 12 months of runway. Those might not get exercised for a while.
Good find. Thanks for sharing. Definitely something to dive into. I want to say that 510 k clearance involves using a predicate device(as an example ISRG SP robot) along with verification and validation to show safety with porcine and cadaver labs. Some time ago Titan seemingly dropped pursuing a predicate device submission and started pursuing IDE and completion of human trials. Could this be related? It seemed overkill at the time but perhaps it was in relation to this. If so, we may be way ahead of the game. I’d love to hear from someone with experience in this area.
It appears Shart is losing the board. Just saw all the caps. This is not good for him or his employers. The ignore function is perfect for these types.
Good point BigT.....nor is it cheap. Combined Auris was a unicorn(raised at least billion dollars) and Verb Surgical burned through 400 million from google/JNJ a long time ago. 250 million to build a robot......wow impressive even with the delays that every surgical robot developer experiences. I’m not fully excusing the delays. They could’ve been communicated a lot earlier but still impressive what Titan has done. Here’s to dropping the past and looking towards the very near future.
I know you were replying to Rocko but I will just say everyone’s risk tolerance is different. There is risk in anything. I will say. The risk is much much much lower then it has ever been. Titan is a 59 million market cap right now. Medtronic validated their IP. In this space, that type of IP is worth substantially more than 59 million. It’s always been about the Patents! If you are an investor, with a long time horizon it has very little risk, IMO. If you are a trader who may miss out on some short term games as a result of slow movement with this stock versus having your money somewhere else than there is slightly more risk. Anyone else pissing in your Cheerios has an agenda at this point.
I’m too damn, I’m too damn tired. I will take your word for it, if you say I’m wrong. I just could’ve sworn multiple times you sold and got back in. Listen man, I hope you get paid. Way to hang in there. You deserve it all the years and trials you’ve been through.