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What is with this Verb obsession here.
VERB is a click based internet software and it has no applicability to TDMI. Robotic surgery is not a consumer targeted product . The sales channels are hospitals and surgeons and clicks on internet does nothing for it. They sell it by demos in conferences as well as direct sales when the time comes.
Verb:
'customized calls-to-action to videos and track user clicks and engagement via its analytics engine.'
'The firm has developed video-CRM technologies that help businesses convert video viewers to trial and paid customers.
VERB has little in the way of revenue and wants to use the IPO proceeds to acquire another company.'
https://seekingalpha.com/article/4239904-verb-technology-aims-20-million-ipo
You have to look for consumer targeted products to see any viable sales for Verb and not Titan which is ill suited customer.
You are being kind.
It is disturbing to see people that have no knowledge what hardware are making grand statements about technology that they don't know anything about.
Hardware has firmware in its non-volatile memory. A pacemaker is a piece hardware and that hardware is inclusive of firmware within it.
The cloud is lifting so it is probably the time to flatly ignore these posters with suspicious motive.
I have to go.
Take care.....
It is amazing that after 30 years you can't distinguish the difference between different type of devices and the reason for specific FDA requirements . A pacemaker is an embedded device with embedded firmware. Firmware is software but it is part of the hardware. Firmware and Gui interface are two different things altogether. One controls the device and the other is the user interface.
Firmware or embedded software inside a device that is inserted in human body that controls the heart and it is a piece of hardware. Hardware is not just a chip and it includes firmware.
The Robotic arms also have internal firmware that is integrated with hardware and that is not the same thing as a GUI interface or a user interface. Hardware is not just a piece of metal or a chip but it also has integrated firmware that is specifically designed for control of the device without which the hardware will not be functional. That is what gets frozen and tested.
Firmware is in ROM, flash memory and it is rarely updated unless there are bugs.
Notice FDA is referencing firmware and not software or Gui update in a pacemaker.
example:
'FDA recalls 465,000 pacemakers for firmware update'
Thanks for the kind words. I think many of you people on this board have withstood much heavier winds than I have. So pad yourself on the back for persistence. I don't have big chunk of this stock but I will see it through for a while and report back sometime in future.
This is the most major event for this stock even if some may not yet appreciate it but it is. People in technical field will understand what I am saying better than the most.
Here it is a completed product that is in working condition.
unlikely. They are talking about the Gui in the release and that is the user level interface and not the operating system.
Gui interfaces are typically constantly updated for all devices. It is just like your cellphone app updates. The old apps still work with the device but newer updates are just a bit better or fancier or user friendly.
Software is rarely frozen forever for any hardware device in computing world. All devices, all computer hardware, everything always that has software component, is constantly being updated.
So this is what hardware freeze means according to their release notes. That is what FDA approval requires according to this, hardware freeze. They can still massage the Gui interface to make it more user friendly or whatever but obviously it does not change the functionality of the device or the design as it is clear from their release notes .
---
Hardware design freeze is an essential milestone in the system design process as it allows Titan to complete various design verification and validation activities such as preclinical studies conducted under Good Laboratory Practices (“GLP”) and Summative Human Factors studies, in preparation for submitting an Investigational Device Exemption (“IDE”) to the U.S. Food and Drug Administration (“FDA”) for human confirmatory studies. The assembly of systems for the GLP studies is well underway, and Titan has begun procuring hardware for the production of systems for the IDE studies.
“Design freeze is a significant achievement for us, and we are delighted to reach this important inflection point within our stated timeframe,” said David McNally, Chief Executive Officer of Titan Medical. “Thanks to the tremendous effort by our development team including our product development partners and valuable feedback by our surgeon KOLs, we now have what we consider to be a world-class, differentiated surgical robot. We look forward to conducting GLP and IDE studies this year, as we continue on track to file by year-end 2019 our 510(k) application with the FDA and our technical file for the CE mark in Europe.”
The Company notes that software integration and advanced Graphical User Interface features will continue to be implemented on a rolling basis.
---
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190430:nBwbtMS0Ma
Explain what that means.
If I didn't have any position in this stock. I would buy at this point but I already do.
To any Titan staff that is reading this board:
Do change the name because it gives the impression that the the robot is designed to deal with sport injuries. That was in fact what I believed till I read up on it.
May I suggest, a name of one of the healing Gods
Brigid: Irish goddess associated with healing
Glanis: Gaulish god associated with a healing spring at the town of Glanum
Lenus: Gaulish healing god associated with the Greek god Ares
Sirona: Gallo-Roman and Celto-Germanic goddess associated with healing
Aceso: goddess of curing sickness and healing wounds
Telesphorus: demi-god of convalescence, who "brought to fulfillment" recuperation from illness or injury
Ixche: jaguar goddess of midwifery and medicine
Maximón: hero god of health
etc
I agree. The first release is the most important milestone in any tech product history, be it software or hardware.
Titan-1.0
Titan is finally getting to finish line just like the el...Moose
See even without playing mind games, it is possible to get there if one is lucky:
http://epicpix.com/wp-content/uploads/2013/05/Oh-Canada....jpg
Thank you... Titan staff and investor relation staff who I am sure have been reading this board. It must have been really hard for the last few years dealing with the financially hammered investors but you are finally getting there and the clouds are lifting so the job will be getting easier.
Now good luck to all of you investors who have been waiting for this moment for a long while too. I am lucky not to have been waiting for that long because I don't have the stamina to wait as long as some of you may have but I am sure you have accumulated way more so perhaps the payoff will be larger.
In my opinion, this is the most important milestone that there was. From here to FDA approval, there is mainly fine tuning. For the next few years there is less head winds and I suspect that this thing will be sailing in less turbulent waters.
Regarding stapling, why do they even want it. Wouldn't the metal staples w stay as foreign object in the body forever. Why don't they just automate some sort of stitching algorithm for the robot to stitch the cut multiple times, after the first run knowing given the thickness and length of the cut to make it more secure.
Yes that is the case and the bidders are driving it down and the seller must be dumping it in the market. It is not the longs who are selling here I think.
What is the name of the underwriter, do you know?
Hopefully the buyers, sellers and shorters are not in Kahoot together because it can make for a good scheme if they were.
P.S. Thanks for accepting the moderator role for a while
Is that a yankee insult?
You 'took' what exactly. Was that a yankee sentence structure or are you just name dropping. In non-Yankee territory, that sentence is free of meaning. I looked it up and the guy seems to be working there I believe, so it is even more mysterious as to what it means.
$25k*12 = 300. So you think $300k is a huge salary for a CEO and you are an American where CEOs make $30M !
In a non-Yankee world, these are very strange comments by no other than yankees themselves!
But I do agree with one thing you posted later and that no CEOs should knock their own company and expecting losses in employees. Likely though, some may have been leaving and so breaking the news all at once might have been less painful but I don't know for sure because I am not privy to history of this company and there is no references provided.
You seem to be strongly against this company having only a few employees, is that right? It is not an assembly line. Quite common in tech world by the way to have small number of employees before the big bucks roll in and you have been an insider to the tech world or have you?
You took?! what does it mean exactly? poached?
Teleflex, their partner is in the list.
Nasdaq's 20 days ago : https://www.nasdaq.com/symbol/tmdi/short-interest
They probably have a methodology to sell it at a certain price. They probably short the stock at equal amount of cash, say at $3.50 and then sell at any price. They have a racket that knows the mechanics and plays this stock.
They are not bringing this down with a lot of shares either but rather with small amounts as the volume is pretty low.
Why do you care? Is this message a public service or is it a self serving message?
Yes $28M 'in' shares
Did anybody ask you to buy?
Why do you believe that it is important for you to buy.
Fine don't cover and wait. Is anybody stopping you?
It is obvious what is going on. They are selling that $28M new issues till it is complete and since the volume is low, price goes down. I don't know how much it they have sold.
There is a racket that is playing this stock as it issues new shares.
Surgeons like all of us like to work with latest technology to be relevant for the future. Who wants to work with old software or hardware?
No matter what the state of robotics is in 2019, in a decade , it will likely be even more advanced. When and if, robotic or robotic-assisted surgeries become superior in all aspects of internal surgery, they will become the default. Is that a likely future? I happen to believe that super precision and automated features will kick-in and make surgeries faster unlike now and no matter what, the market will become more advanced.
From here to all robotic assisted internal surgeries, there is going be more and more robots and one company will not supply the entire world so there is a lot of ground for those already in the market to capture.
This stock got my attention because I am interested in this field. I took a post-graduate course in robotics once upon a time although I have never worked in the field.
I looked for information on this stock and saw a message board that discussed this thing and I ended up here.
I don't do predictions, I am always interested in technology and invest small amount in fields that interest me. Few years ago I traded stocks way more than I do nowadays but never virtual money because it has its own world and I don't really connect to it and I don't have the knowledge to analyze it.
I don't believe that anyone with that attitude will continue to hold a stock unless they like the idea of self harm. Why do you hate yourself so much if that was true.
No one should spend $100K on single stock unless they have million dollar incomes or have deep knowledge of given security that is flawless in dept.
So if that was true and you believe that it is a shitty stock, then why not take your losses and invest somewhere else. There is a universe of all sort of stocks. You can take whatever that is left over and choose a better horse to recover some of your losses. Or better yet, buy 30 different stocks with a better outlook, $3K each and if disaster hits one of them you would not go numb.
If you want less lossy investment overall then choose an ETF. If you want to gamble, choose a leveraged ETF like the ones with 3X market leverage. What is the point of trolling people in a message boards with your sorrow. what do you gain from it?! I can not think of one real adult human doing what you are doing so I don't believe you. I don't need to see you take a lie detector test because it is unlikely these days with so many investment options.
Magnetics, my last post for today:
Mechanical gadgets are not like software, they need way more development cost, way way longer development times, a lot more marketing. They have one advantage though, the competitors can not develop something on the fly and copy the stuff and run with it like Microsoft did. Tesla with market cap of $50 billion is still bleeding. Even the newer innovative fields in software market now can take years to develop to stop the bleeding. It takes years to tune them for the market.
Medical market desperately needs more precision and automation so this one is in a promising field at least and it looks like it can deliver the quality.
Look at the Boston Dynamic into robotics outside medical field. It took decades to develop a PE less than 40. It was not like that from the onset. It took a lot of capital to get where it is now.
BSX 1994 $0.90
BSX 1998 $21
BSX 2001 $6
BSX 2006 $41
BSX 2011 $3
BSX 2019 $38
Regarding JNJ
They have paid $3.5 billion dollars or factor of 50 times of Titan's marketcap just to buy Auris. Their $500k Monarch robot is not sold for surgeries but rather it is a diagnostic tool for endoscopies.
pmontex
How did you figure it is a 8 cent stock, I just want to know! based on what logic?
That will make the marketcap worth about 2.5 million dollars.
Show me one company in the world that make a surgical robot for 2.5 million dollars and pay salaries of their employees and make money too.
You are short this stock and posting whatever comes to your mind that makes absolutely no sense with the intention to bring the price down so you can cover. There is no other possibility.
New to the board, as I have purchased small number of shares of this stock and it is acting pretty strange towards what seems to be good news although the news seems to be sparse! and there is some delusion. A company like this should have much larger market cap.
I have added the volume of shares that have exchanged hands in the past month both on Nasdaq and TSX and the total is only few million dollars!! that is if I have calculated correctly.
So I am guessing that this stock is somehow manipulated but I can not see how this stock is being shorted by a big institution either because it hardly has any volume.
I have come to the conclusion that some who own the stock under one exchange are shorting it on and off on another using two different exchanges and the buybacks cause the rise and shorting cause the fall as they wish because there is little volume.
Is that possible ?