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I'm not able to attend AGM today, hope everyone has a great meeting. Two questions if they can be asked..
1. Plans to fund until launch given current burn rates
2. Plans to begin setting up internal systems and processes for launch.
Thanks!
My thinking was always that a slow and steady warrant income was going to happen and will happen if TMD.to is above 2 dollars CAD.
I will ask #1
Where did you see this?
Love the use of the word Titan in that paragraph...
They haven't sat silent
I'm sure you know this but there are two ways to make money in the market, on the bull or bear side. Irrespective of the company's financials or value play, there is the momentum play. Apple, etc, all have upswings and downswings. I think if you're looking at Titan as anything other than a long term, long-shot stock, you're in the wrong stock.
I'd say given its a startup medical company pre-FDA, he's doing just fine. You're trying to measure this company like a Dow component
We should all email bomb Bertner with this analyst name and suggest she get this guy covering Titxf. Thanks for posting
I don't think this is a race, and I don't think our two firms are competitors. Best of luck with your decision.
Absolutely. Send it to that rich trader kid who shorted Titan last time. I think his name is Timothy Sykes.. Also blast the Yahoo finance ppl and maybe even that loudmouth on wall street can't remember his name
Awesome! Are you on Twitter?
Can someone on Twitter or Instagram post that new Sport image and start tweeting it at everyone like Ximedica, etc? Would probably spread the word.. #sport #nextgenrobot #roboticsurgery
Looks like they removed the monthly cash burn rate from the financials as well? BUT awesome that we get to see what this prototype looks like for the first time!
Well then she should recommend and push for uplisting as it should be impacting her results..
Wow. Well that wasn't the number from the financials they just published. Thanks for pointing that out.
That is not the burn rate. More like 1.5 to 2 per month
Updated Corporate Presentation!
http://www.titanmedicalinc.com/wp-content/uploads/2014/11/Titan-Investor-Presentation-May-25-2015.pdf
That would be amazing if so!
As far as I'm concerned Ximedica and other third party partners are carrying the design/development risk, so the #1 risk mgmt has to face in the next year is to keep paying these vendors, aka: cash balance and converting warrants into $$..
Looking forward to a full report of your success! lol
I too am curious about updating an article link (but not changing a word on it)? Maybe they will be sending out another PR soon with regards to the display or camera tech?
ie: Titan confirms development partner for display and camera production
Hey not to burst anyone's bubble but it is reposted again.
http://www.titanmedicalinc.com/sony-unveils-new-full-hd-lcd/
Hey - not sure but maybe it was relinked since Friday. Here is the direct link to the article again.
http://www.titanmedicalinc.com/sony-unveils-new-full-hd-lcd/
Seems the word doc is identical to this version, maybe just a temp holding ground while they relinked the content?
Yes.
I am
Not gonna happen
Great find!
I am on the fence here, they have Bertner and crew who are supposed to be cap markets savvy and should be helping Titan out here, but also if I'm the market, knowing a company is short on cash, I would be shorting all the way down..
Since I'm long, I obviously want the former over the latter, but I think we now should know their plans for cash given they are spending at their estimated rate.
I will be asking the CFO what their cash plans are on and before June 9
My stance is still that they have enough to get to Dec 2015, at which point they may have about $6-9MM or so remaining (give or take). I imagine most of the Warrants expiring Dec 2015 would be converted so another $5MM in cash to take them to Q2 2016.
That's when things get dicey, so I imagine they have to have the stock up over $2.00 CAD around October to feel confident about warrants and incoming cash for the next year..
Also, PO's have delivery dates, and then invoices are paid Net of Invoice date. This big set of PO's likely won't be fulfilled in Q2.
Hey - this $12MM PO find tells me that there is expected payment of $12MM sometime this year or so (most of my experience tells me you don't cut PO's for next year so soon).. So yes, at some point this year the cash balance will be $11MM or so, we won't know when exactly..
Interesting I read 13,718 dollars relating to warrant exchange. The larger number was last years amount..
HUGE NEWS from financials!! I'd say that's the start of build to hit the Q4 milestone..
"During the month of April the Company issued purchase orders in the amount of $12,234,938 related to the ongoing design and development of the SPORTâ„¢ Surgical System."
Fully agreed - that R&D uptick is def. a positive sign. Rest of loss were non-cash items. Will be reviewing the M&A / Financials when posted.
Cash is looking fine to me - and as I last told you, inclusive of monthly burn rates. In fact at this point I see us ending Q4 with $10-$15MM
*********
As of March 31, 2015, cash and cash equivalents totaled $23,806,337, compared to $26,165,182 as of December 31, 2014.
Check out www.titanmedicalinc.com - restatement of the SAIL announcement and the AGM posting for 2015..
http://www.titanmedicalinc.com/investor-relations/agm-information/
Hey if the number is more like I said earlier then I will also remind you I was right all along as well... But we shall see one way or another
Bring on speculative buying!!
One small thing I don't believe Ximedica is manufacturing...