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That is a great question. I don't hold warrants because I am not clear on issues like this. I put out all my $ upfront in common stock. I'd try to get some answers from your broker.
I agree with you GP. I prefer not going the r/s route but a strategic r/s is not a negative maneuver for a company on the rise.
It would be very temporary. Again, it is a strategic r/s and not a "try to save our ass" r/s. Don't get me wrong, I want to see organic movement upwards and bypass a r/s but some people on this board aren't understanding that lowering the o/s is attractive to a buyer, doesn't change the company's value, and makes the share price higher in the share value transition to the new company. In fact, IMO, it would be the FINAL great buying opportunity. You can count on it dropping because of the psychology involved. You can stay in and buy more or try to time it right by selling before the drop and then buy back in.
I agree. but if it doesn't happen "organically" a r/s will happen!
It's your crusade Honey. I'm not adverse to a r/s when it's done for the right reasons.
btw, glg20 nailed it regarding the pull-back this week!
Excerpt from http://www.thestreet.mobi/story/10725448/1/how-an-uplisting-works.html
Reverse splits are a sign of good things for companies on the way up, but a sign of bad things for companies on the way down.
In order to meet the minimum share price requirements for Nasdaq, many companies will conduct a reverse split. This is perfectly acceptable to the exchange, and the post-split share price will be evaluated accordingly.
Using a reverse split to raise the share price and obtain an uplisting is a very positive sign for a company and is much different than companies that use a reverse split to prevent being delisted. Once again, the confusion relates to delisting as opposed to uplisting. Many people who don't focus on uplistings only encounter reverse splits in the context of companies that are trying to stave off a delisting, so in many people's eyes a reverse split is a sign of a troubled company.
For the relative few of us focused on uplistings, a reverse split is typically the first catalyst that attracts attention to the potential uplisting and is considered a very good event.
Funny, every time I log into this message board lately I hear circus / carnival music in the background!
Very interesting! Good work Daktari!
Wow! You fellas have been busy this afternoon!
Appreciate the surgical expertise some of you are bringing to this board on this topic (you, Daktari, GP, etc...). Thank you!
It's not a similar device to SPORT. It has similar technology, and both will be advances in MIS. Initial approvals for both devices will be for entirely different procedures in entirely different therapy areas. Medrorobitics becomes a "player" in minimally invasive surgery and they will have the opportunity to gain a foot-hold in the MIS ENT market - that's it! Other than potential patent infringement issues this should be of little concern for Titan in the near-term. IMO you are making a bigger deal about this than is warranted.
HTGC through venture capital. They decided to go the "hedge fund" route!
If they are approved in the US before Surgibot and SPORT they are going to grab MIS market share, period. SPORT is not being developed specifically for ENT procedures now but ENT is part of the MIS pie. I still believe SPORT is the best of all up-and-coming technologies. We have to accept there will be more competition other than ISRG in coming years. Hence the reason I am hoping for a M/A sooner rather than later.
They're a private company aren't they? Easier to keep it quiet!
Seems inferior overall to SPORT as does Surgibot but both will be approved before SPORT and take a little slice out of the MIS market share pie. The tactile feedback is a plus too! I'm now very curious about the status of JnJ's robot. Seems the market is going to get crowded relatively quickly. I sure hope Titan is actually ahead of schedule!
Id say there is no problem with Titan at a 100 mil outstanding. In fact, Im surprised ISRG hasn't done a regular (forward) split so that more people would feel that public ownership in the company is more affordable. ISRG can afford to absorb a little dilution IMO.
As soon as the pps hits $4, Honeycomb will spontaneously combust!
RDW has mentioned the possibilty of a partnership with a larger pharma company in the near future. That tells me an acquisition is also a good possibilty. Oncology studies don't come cheap. Hospitals costs are significant.
It is a slow process though. Getting in now at 30 - 35 cents ps is nice but pps rise will be arduous. This will be a much slower process than what you are seeing with TITXF.
Yes, agreed!
I wouldn't go that far at this point. IMO It's a potential winner - not a gold mine (yet). The selling point right now is cheap public ownership (shares) available for a company that may have a major therapeutic breakthrough in a few years. Current revenue increases from their existing business will be off-set by the cost of conducting human trials. So "gold mine" is hard to consider right now. The upside if all goes well though is absolutely enormous!
Roger Dumoulin-White says phase 1 clinical trials possibly to begin in early 2015!
I think you're correct however I would have to believe an announcement on the SPORT design freeze will precede or run concurrently with an announcement about a human trial. The finalization of the design will be significant news.
They also do $150 to $170 billion in revenue annually - which is INSANE!!!!
We will see big gains! A pps of $4 is around the corner and that is almost a 100% gain from last Friday. Just the market potential of SPORT has significant value. A buyout anywhere from $15 to $30 or more in the next 12 to 36 months is not a pipe dream. It is realistic! If you're in now, you will have done VERY well. $80 to $100 pps down the road? Sure, it's possible.
What is a realistic number for unit sales over the first 12 months internationally? (excluding any US sales that may happen if FDA approval happens within that year).
I think he is asking if Titan could ever see such a high pps at so many shares outstanding... Unless I misunderstood his question?
Titan is not necessarily due for a 1 for 3 but they're also not necessarily going to get up in the $150 to $200 pps range down the road if they decide to go it alone. Yes the market will grow but so will the number of competitors. Realize ISRG has been in this all alone for several years. They own the entire pie. The pie will get bigger but will be sliced up. It's hard to imagine Titan's pps ever getting that high unless they reduce the shares outstanding. The numbers don't really add up.
JMHO of course!
Just curious how you came up with that number too? 100 units in India in 2015?
I'll agree with you there. The pattern has to break soon. We just need to get up into the $4 to $5 range and then perhaps the rise becomes more steady. The whole perception of this stock from an investor standpoint will change upon the completion of late-stage development milestones and an uplisting. Personally I'd like to see us get to that range ($4 - $5 or more) between the design freeze and announcement of EU approval.
That would be great! What do you base it on? Just hitting milestones? Didn't you say a MA was happening this fall?
...and to get back to one of the reasons why Honeycomb is so passionate... it won't take too much to get us to the $4 to $5 range and closer to an uplist. It would shake out the MMs, bring in the big spenders and the analysts. Would be a nice change of scenery! Many have predicted a $5 - $7 range by end of 2014! Will Titan get there?
* Of course this type of discussion about uplisting and strategic PRs is unwarranted on this (a stock investment) message board!
I think u are spot on. Hence I don't mind those that clamor for news. I like to see some of the MMs and individual "shorts" rattled once in awhile. Keep them honest!
What's your prediction on the upper limit pps before it trends back down?
Exactly. and it's a nice pattern for the individual "shorts" to follow month in and month out as well. They have nothing to lose if they don't intend on holding long. I dont do it but I dont hold it against anyone if that is their personal "system" to make short gains. All the power to them (though it's frustrating to watch every month). ...and they love it when we keep buying, as long as we do it on their way back up!
Nice!!!!
You have news?
I concur! His expertise brings insightful information but it's often over-shadowed by his pompous self-righteousness!