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Like getting a major article out that will attract big speculators. How about something in WSJ Business and Tech Section?
This publication is by ECRI.
They are a very well respected independent medical device and technology information and testing company. Mention of Titan is good, but also Transenterix makes me wonder about the depth of the analysis. May have been published pre FDA rejection for Surgibotnot.
Titan is not vaporware, but if that is the perception indicated by this article, that is not good. I and many others on this board have been warning FOR YEARS that perceptions make a difference. From remaining on OTC to wishy-washy announcements, Titan management and their advisors have squandered momentum for their eventual product.
I doubt it's even close to having really gotten started. If you think improvements to robotic mechanics and control is never ending, try software development. Verb is a long way from integrating itself into any other party products, let alone being a product. There first has to be the development of standards, let alone actual code.
Yea, I guess Titan couldn't afford to rent a truck like I did fresh out of college to move myself cross country. Jeez.
Agreed; that is an UPDATE.
And that is a hell of a lot of personnel working on SPORT. They need big money to bring this home.
Remember Randull said Titan was a good investment return-wise, 2015-era I think. It was ludicrous to say that. He must have been stoned.
Well try and find out what he does every day, because I'm not sure he is even a regularly practicing doc anymore.
Agreed; Fowler is the LAST person I want as CEO. He is the interface to the doctor-buyers and developers.
Very witty!
It is just really beginning to hit me now (with full understanding that Titan is a startup without a product yet, but damn close), but Hargrove brought NOTHING, NOTHING, NOTHING to the game in terms of bringing any value for a lot of hard-earned and long-term investment. In fact for almost all at this time, the return is (and this is incredible!) negative. And dilution has taken a great toll. The press talks about companies that are just talk at this point; Titan has something to show, but was Hargrove the guy that got that done, or was it Fowler and Ximedica?
This is not to say he did not help get SPORT to this point. But, that does not take him off the hook for CEO'ing a public entity, which in ANY other situation and management would be an energetically traded entity at this point. If he is as puzzled by this as I am, then he isn't the guy for the job. He isn't a surgeon, engineer, or programmer so his importance isn't technical in the least. What has he done except let Titan look hayseed. Now they finally have a reputable website, but this is coincident with him being booted from the board by shareholders. Clearly, no one attributes even that website to his position at the helm.
Heck, he isn't the point-man for anything about Titan. His JnJ connections seem to have been inconsequential and his background in robotics was zero (as far as I know). He hired his daughter long before she was needed. God knows why he hired Bertner. He might be a great guy but as a CEO (especially now) he is a schlub. Why the heck is he Titan's CEO? Pay him to be an advisor; he seems to know the medical marketplace very well. But he is not what Titan needs as a representative.
Agree; it looks fantastic. To sit at 60 cents is beyond belief. That's why management (ie. Hargrove) needs to be replaced as CEO. I think this will happen soon. I AM SURE there are many involved the surgical robotics industry that would love to take over that position.
Look at the partners being mentioned; look at the photos of SPORT; look at the surgeon advisory board; look at the new website; ALL REALLY GREAT!!!
Look at the friggin' pps; I've seen better valuation on companies developing a new toothpick.
That's why Hargrove is being massively dismissed. If you can't get market awareness and pps on a product with this potential (for christsakes 1000x better than Surgibotnot) then you aren't the guy for the job.
All I think the volume shows is that Titan is still out of the picture for medium/large investors, being a penny stock on an unknown exchange, you know. And so little action in the PPS over months and months and months and months... of time doesn't do too much to get the small ones involved either.
I'd like to add that I'm sure "management" would rather not be hosting a meeting.
Committed holding my position for 2 more years here; that's how long this is going to take, barring a disaster.
If true, it's a real shame because they are also creating some serious negative negative consequences for when it comes time to "launch their brand". Spoke to a MIS surgeon today who is a real tech-head. He mentioned a number of robotics companies he is interested in, including some spin-off of ISRG. Anyway, when I asked him about Titan his impression is that they had "stalled" somewhere and were losing ground. He is probably going partly by the pps, but I really think that's what not keeping a higher profile will cost Titan, EVEN IF they are moving steadily towards approval.
On another note, a Wall Street Journal article mentioned that China is continuing to make huge tech company acquisitions, Germany is now seeing many companies selling out to the Chinese. Maybe Titan should just do the same. I don't feel like waiting another two years to get my $1.87/sh back.
Agree completely. THese guys all know each other and respect what is happening in the technology. Burn no bridges and don't diss the competition when you know it is quality.
Maybe he wants to take over for Hargrove some day.
I think you are implying that Titan has a brand. If you are you are incorrect.
Titan under Hargrove, Fowler, and Reiza is not a brand. Period.
Proof: 60 cents a share.
That's a lot of important work to do; I'll give him credit for laying it all out.
One question though JH: How are you going to pay for all that?
It's not even the money aspect to me. I could handle a total loss if I had to.
What's insane is that we are SOOOO far along and yet feel like a bit player just about ready to veer off the tracks, or be sold for a pittance. There hasn't even been "ups and downs" for this pps in recent years. It is perpetually FAR, FAR below where it should be to gain traction in the market OF POTENTIAL PURCHASERS, both the stock and the product. I don't know why but a ZERO profile management, piss-poor PR, and piss-poor IR is a huge part of why we are where we are at at this time.
Investor sentiment for TITAN is at an ALL-TIME-LOW; I agree completely. Despite the fact that we have a viable and apparently well-received piece of hardware in SPORT, the muddled communications, rinky-dink exchange, and not-in-the least the unbelievably miserable pps (and don't forget zero management style) is killing ANYONE invested here.
Management has got to state their place in the race here, tell investors who they are working with, and keep us up to speed.
Please!
These clowns are going to get themselves bought out for a few bucks at this rate. Unbelievable.
I'd take $2/share right now to get out and get my money back.
Saint Fowler, Hardlygrove, and Scramdall
I'm seriously starting to hate these clowns.
Thank god I didn't suggest anyone else buy this crap.
There is a point where you have to stop tweaking or you will never make it to the market before the next best thing comes along.
These guys run the risk of having a boutique system that is immediately overshadowed by promises being made by the big players to wait for their big reveal.
I hope to god that Saint Fowler and the 2 or 3 other clowns haven't dissed good offers to sell or partner to someone with the pockets and resources to bring SPORT online in a big way.
Why is this big partner/supplier they are telling us about a secret? Because they are not big and they are not yet an inked partner. We've seen that before from clown-central many times.
If they can't be named they are even of less consideration to the market. The market doesn't give a crap about Titan yet; it is obvious and it is not all manipulation keeping the PPS down.
And the last hundred or so posts prove my point. Why did that clown Hargrove even host a CC. Just caused confusion and bickering.
PPS sucks, competition building, PPS sucks. Titan info always untrustworthy, PPS sucks. No confidence in CEO. PPS sucks.
That about sums it up for me.
The CC appears to have caused nothing more than confusion among the most knowledgeable contributors to this board, that's for sure.
Why did these clowns (Titan Mtg.) even do a CC?
It provided no value or substantial information to stockholders or potential investors.
Am I just ignorant and confused, or was it basically no better than a release saying that Hargrove and Randall are still with the company.
This is a publically held company, isn't it?
How about some concrete information? Is Paige still on the payroll, inquiring minds want to know?
I agree completely.
And really, "partnership" is a hazy term.
Also. Titan's mgt. (all 3 of them) are pretty lazy about details. Remember Bertner, Platform Engineering, Cadence, etc.. We've never been told any details.
And you are not alone.
Down 3% on "rumor" of a partnership with VERB, big EOM, whatever...? This board has become delusional. If that info was out there there would be activity in the pps suggesting it.
Just to mention though, SPORT in its current form has NOTHING to do with the requirements of ortho-spine procedures and ortho robots. No software will change that either.
Yea, and if anyone gets wind of that the pps should go through the roof. So if we dick around under a dollar the next week or two, would someone please explain that to me?
I won't unless someone publishes it as a rumor (ie. partnership).
This partnership thing is getting me a little mixed up. If you are the next best thing (Titan) and partner with a #1 financial and production giant (JnJ Ethicon) and superstar-international-dripping money braintrust (Verb Google), WTF are we worrying about piddly-diddly burn rates for? Like these partners are just going to let Titan die on the vine.
I think this partnership speculation is WAY overblown, because if it is true like so many of you apparently believe, WHAT THE HELL ARE YOU WORRIED ABOUT?
Yes, design freeze projected for 1st half 2017.
We will be in the doldrums for another year yet. All in all good news, but making money still a long way off.
Note that he suggests investors buy companies that are more liquid, on NASDAQ, or endorsed by Bloom Burton.
Hey, Hargrove! On NASDAQ!
Amen!
I have to agree. Surgibot for starters should not have been advertised as a robotic system. It is a highly stable laparoscopic platform with integrated vision. In that capacity, it may have found niche surgical situations where it had benefits. A really low cost also would have helped too.
The way it was presented for FDA approval did not make much sense to me.
Well that is DAMN NICE to see. Thanks for posting. I hope this publication has a wide readership; it should. It appears very informative and well-laid out. Excellent material. Kudos to the publisher Rebecca Rudolph-Witt.
Note the page you linked to also has an article on da Vinci Xi under "Updated Robotic Instruments Cleared by FDA" published 3 weeks ago.
What other route can they take? Alf-X is all they've got.
The bigger question is why they bought it in the first place. Are they truly convinced it is an option to daVinci (especially in the US) and anything else coming down the pike (like SPORT)? Can they can sell it, support it? Do they have the resources to aggressively reengineer it into a smaller form factor?
If it has been ready for prime-time for a couple years now, how come there is no pressure from the market to purchase it?
Whew!! For a moment I thought they were real patents for an advanced robotic surgical robot that VERB will be using to codevelop with their OR-integrating software.
TITAN better turn up the heat on SPORT, fellas', and tell us WTF they are up to because getting the jump into the market as soon as possible is all that matters now.
If Titan were REALLY smart, they would OFFER the SPORT platform to VERB as the FIRST "Front End" for VERB to begin designing with and for.
But Hargrove is not that smart.
Verb's platform also may be only that, a platform to develop and test their ideas for overarching software control in the OR. They may have no intention of producing a marketable surgical hardware system, at this time. In which case, patents are not even an issue. They don't need patents for hardware like articulating arm and snake arms; they will develop them for control, data systems, image integration, etc..
Wish you were right, but it is like saying the moon landings were faked. 10,000 people would need to be in on the secret and none spill the beans.
The pps does not reflect any insider knowledge, rumor, speculation from aggressive investors, insider buying, tech- or financially- savvy buying, pops, big trades, or press speculation.
Just can't believe that can all be kept under wraps if the market factors in "all information". As to the intentionally misdirecting curveballs you mention, that's getting fringe.
Again, hope you are correct.