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I guess he would be too embarrassed to come to the Titan board after everything that happen. I feel sorry for investors when that happens to them. I have seen it time and time again in the world of penny stocks. you have to do very good DD if you want to find a real gem. Its scary because those companies are mostly interested in getting your money. Most of them don't report financials, etc. you are taking a big chance when you invest in the Penny world. you can loose your whole investment because you don't have time to get out when they halt stocks pending news sometimes. They got caught with the RS then it went downhill. All IMO.
you got it. the investors take the loss. Reverse splits never work. Price always comes down. in this case you got the uplisting but not enough shares traded. Pulled it down. Then went on American exchange at the new price of 4 bucks. the investor gets screwed and the company lowers the outstanding share count. I would stay clear of any company like that. very scary
Nice purchase! I'm pretty sure you will be happy in the long run. We just need more volume. but I have always said when it gets boring is the time to buy.
Good morning team Titan!
yes! I knew something was wrong when none of my physicians knew of the company. That's not the case with Titan. This article Invest pulled up shows that Titan will be a hit. Just need to hold out a little longer. I will be adding more tomorrow.
Fantastic Article. This is going to be big!!
I just got to it on my iphone. seems fine
I would encourage everyone to sign up with Hargrove on LinkedIn. I now have him as one of my connections.
Good morning Team Titan
Hello everyone. I am a new investor to HERO. bought a position after hearing it mentioned on CNBC. This is stock is outside of my expertise. I am in the medical field and heavily invested in a new and upcoming Robotics company for surgery. Please let me know what the outlook is for HERO. where do we see this going this year.
thanks!
Yes Honey. and as I have said over and over reverse splits almost never work. Real companies don't do it. starting to wonder if that other company is even real. I watched it on the new exchange. only about 135 shares had traded when I saw it on the first day. then all of a sudden it was gone. couldn't even pull up the stock symbol. how would you like to be an investor and see that happening. very scary
Right on!
tongue in cheek comment but it was dropping quickly
unless your looking at level 2 and understand how Bids and Asks work I would not comment. it did drop suddenly right before the close. someone tapped a 100 share buy to bring it up right at the end. I would not question whether someone is long or short based on a single statement. if you watched this today you saw a large number of shares that were not printing on the ASK as they were bought. Never moved much off 2.23 until right at the end. just so you know I have been heavily invested in Titan for a long time and I intend to remain invested. I am a trader and understand the market pretty well. I am short on many companies but not Titan. I believe we have a special opportunity here
why is this tanking at end of day
seems to be way many shares at 2,23 not showing
85,238,305 is what I can see listed.
Reverse splits are not necessary. companys can buy back stock to reduce the float. that's what real companies do. Reverse split is what penny stocks do to steal your shares. does not have to happen with legitimate companies
That other so called company TRXC was trading this morning. 136 shares traded. I guess you can call that trading since it up listed. Funny now I cant even bring it up. not listed anywhere. went off the board. lol
This really cracks me up. only 100 shown on the ASK at 2.23 and thousands purchased at that price. MM's playing games. Tired of this Penny bull. time to let this run!
its actually down. only appears up because of reverse split but the share price is less than the beginning offering.
Titan Medical Inc. Announces Filing of Prospectus Supplement
TORONTO, ONTARIO--(Marketwired - April 10, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Titan Medical Inc. ("Titan" or the "Company") (TSX VENTURE:TMD)(OTCQX:TITXF) is pleased to announce that it has today filed a prospectus supplement (the "Prospectus") to the Company's short form base shelf prospectus dated October 15, 2012, regarding its previously announced public offering of units of the Company ("Units"). Each Unit consists of one common share ("Share") of the Company and one Share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to acquire one Share at a price of $2.75 for a period of 36 months following the Closing Date (as defined below).
Dundee Securities Ltd. (the "Agent") has agreed to sell, on a best efforts agency basis and, pursuant to the terms and conditions of an agency agreement dated April 10, 2014 between the Company and the Agent (the "Agency Agreement"), 10,611,469 Units at a price of $2.10 per Unit (the "Offering") for total gross proceeds of $22,284,085. The Agent has been granted the option to offer for sale up to an additional 15% of the Units issued under the Offering, exercisable in whole or in part on the Closing Date or at any time up to 30 days following the Closing Date. BayFront Capital Partners Ltd. is acting as a selling group member in connection with the Offering.
The Offering is scheduled to close on or about April 23, 2014 (the "Closing Date"). The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.
The Securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
For further details regarding the Offering, please see the Company's press release dated April 7, 2014, the Prospectus and the Agency Agreement, copies of which are available under the Company's profile at www.sedar.com.
looks like a gap up if it holds. people want in I believe. hope it holds
all we need is a good PR person and the company to update shareholders. We can get to 4 bucks easy as the word gets out.
please don't mention the term reverse split. that's not good for the stock. sure you see it come up initially but it wont stay there. all designed to steal your shares. a real company does not have to do this. all we need is a few updates on progress to get to 4 to 5 dollars. I will sell everything if they do this and look to buy back in when the price drops back down. it will also kill the volume. just look at that other so called robotics company
Thank you!
does anyone have a link to where I can see the Patents that Titan has/ Need a link to US or Canadian patents to see what they have. don't need the company website. want to see patents granted
doing everything they can to try to hold this back
That other company he likes to keep mentioning has only traded 500 shares today. not much interest in that one. Get on board with Titan! thanks for sharing
will be interesting to see if the volume stays up. im hoping so. Good morning Team!
usually when there is a trading halt they tell you. they don't just halt it without putting it in news
I still see trades going through slowly.
Darn volume kind of petered out.
I see some trades going through
Are you saying we are halted again? where did you see that?
where did you get that news from . can we confirm this?
TSXV-Listed Titan Medical Tumbles Nearly 15%, Announces Terms of $22 Mln Financing
MIDNIGHT TRADER 10:03 AM ET 4/8/2014
Symbol Last Price Change
TITXF 2.07up -0.32 (-13.39%)
QUOTES AS OF 11:03:29 AM ET 04/08/2014
11:03 AM EDT, 04/08/2014 (MidnightTrader) -- Titan Medical Inc.(TITXF) is down more than 14% after it announced the terms of its previously announced marketed public offering. Dundee Securities Ltd. will offer for sale 10.6 million units of the company at a price of $2.10 per unit for total gross proceeds of $22.3 million.
The offering is scheduled to close on or about April 23, 2014.
The net proceeds will be used for ongoing development and commercialization of robotic surgery technologies and general working capital requirements.
Price: 2.24, Change: -0.37, Percent Change: -14.18
http://www.midnighttrader.com
agree
I guess no one can answer my question as to why they had to offer the shares at 2.10 as opposed to something closer to the current price.
2.10 Canadian equals about 1.94 U.S. we have to get through about 10 mil at 1.94 before it moves up. lol. if I read the terms of the offering right