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Verb is a whole separate entity that will produce surgical robots with the help of the parent companies including Google, JNJ/Ethicon, using their manufacturing supply chains. I feel like you are leading us on with hints like some bizarre Scooby Doo episode!! Just give us the Scooby biscuit already.
I'm not the one to say GTFO for any one except the obvious 100% bashers. Some people want their money or even need their money sooner then we may get it. So I get it. It does suck we are pushed back. However it is likely other competitors will have their push backs and we may not be behind much. Or at all! If we get in a partnership we could be looking at the end of TITXF as we know it. Perhaps an IPO with VERB or a full BO with Medtronic. There is a 95% potential usage left in the US market alone... I don't think that is going to be had by anybody within two years. Decisions and budgets just don't happen that fast. And of course there is the rest of the world. I hate the wait. It is hard to be patient. And no one has to be. At this point I'm sticking it out because I like the confidence that was just given to us. And I HAVE time....
I would be very happy if the partnership was with Medtronic as well. But the most likely is verb by all the chatter. The fact is we have one of THE major suppliers in this space wanting to integrate with Titan and eventually be handed over to them for manufacturing and sales. This fact fills in a huge gap for what the future looks like. AND if they are in an agreement, they will most certainly be interested in funding us. Who knows how but at the worst it would mean more dilution. So not super awesome but the overall risk of this investment has just been lowered exponentially with almost certainty SPORT will be coming to market in a BIG way. Tell me how this is bad???? You will no doubt be making money if you stick this through.
Is it possible that the current PPS does not matter much, because the total number of shares you currently own is what is going to give you your number of shares in the VERB IPO that will be out on NASDAQ by the end of the year?? If so, it might be the biggest IPO the world has seen in some time. We really don't know where we are going or how exactly, but I am awake this morning feeling good that we have a BIG brother taking us to school from here... We should be feeling safe and proud
Interesting twist... I was at a graduation party and an older brother of the graduate is starting a position with Medtronic out of an Ivy League northeast school. I asked what his plans were (having him not know me at all), with Medtronic and his newly acquired highly sought after MBA. He said he was going to be helping with acquisitions to help Medtronic fully develop a surgical robot (a competitor to ISRG...he asked if I knew what that was LOL) When I asked if they already had a robot, he said yes. When I asked if they developed it on their own, he said, he was pretty sure they have an agreement to acquire technology and he was going to be working that deal and with Covidian to put the package together. Then, I told him my background and asked if he knew anything about the acquired tech. He did not. Was not familiar with Titan but admitted he was very green and had a lot to learn... Medtronic is on the top 5 list that we have all seen tonight. It is another speculation and of course it would be a good one... They bought out Mako for 1.7 Billion, however may be gun shy to full out buy out another robotic company. So a partner/development deal could be in the works??? I don't know. Interesting how small the world is.... It sure smells like VERB to me at this point, but all I can say is we are in a very HOT market, and our investment is in demand. Here is a list of Stryker deals recently...
Acquisition history[edit]
The following is an illustration of the company's major mergers and acquisitions and historical predecessors (this is not a comprehensive list):
Stryker Corporation
Stryker Corporation
(Est 1946 as The Orthopedic Frame Company)
Osteonics Corporation
Howmedica
(Acq 1998)
Guided Technologies, Inc.
(Sold 2007)SpineCore Inc.
Water Street Healthcare Partners
(Physiotherapy Associates div; Sold 2007)
Surgical Dynamics Inc.
(Spinal Implant div; Acq 2002)
SpineCore Inc.
(Acq 2004)
PlasmaSol Corp.
(Acq 2005)
Sightline Technologies Ltd
(Acq 2006)
eTrauma.com Corp.
(Acq 2006; Incorporated into Stryker Endoscopy div)
Water Street Healthcare Partners
(Physiotherapy Associates div; Sold 2007)
Ascent Healthcare Solutions, Inc.
(Acq 2009)
Boston Scientific
(Neurovascular div; Acq 2011)
Orthovita
(Acq 2011; incorporated into Stryker Orthobiologics div)
Memometal Technologies S.A.
(Acq 2011)
Concentric Medical, Inc.
(Acq 2011)
Surpass Medical Ltd
(Acq 2012)
Trauson Holdings Company Limited
(Acq 2013)
MAKO Surgical Corporation
(Acq 2013)
Patient Safety Technologies
(Acq 2013)
Pivot Medical, Inc.
(Acq 2014)
Berchtold Holding AG
(Acq 2014)
Small Bone Innovations Inc.
(Acq 2014)
Sage Products
(Acq 2016)
Physio-Control International
(Acq 2016)
THEY LIKE BUYING SHIT... And if they buy Titan, they would have a package robotic market to present to a hospital.... Just some more thoughts to drive us crazy!
Well it sure sounds like there are a lot of us that are in this all the way. Glad to be in good company! The party at the end will be for the hardy...
AND HOW IT WILL BE PLAYED FOR EVERY POTENTIAL COMPETITOR. THE FDA IS NOT GOING TO BE A HURDLE JUST FOR US.
We are delayed 6-9 months, BUT with the announcement of our supply chain/partner being in place and with their integration involvement as part of the reason for the delay. Interestingly nothing about Longtai...
It is going to painful and interesting to see how the market reacts. HOWEVER... WE HAVE A BIG F'n DEAL HERE AS AN INVESTMENT. The end will be awesome I feel more and more. I just wish I didn't know about it until today. It has painfully used much of my time and emotion as an investment. If it does drop to below .50, I will buy more and cost average down some more....again...like...one more time...I'll quit one day... I know I should.... Titan has become my nicotine I fear
In one respect, I am depressed as all hell.... The time line is pushed back towards the end of 2017 instead of mid 2017 for FDA. CE is looking like mid 2017 instead of first part of 2017 (makes sense of course, because there will be no design freeze because of the FDA requirements). More dilution on the way... the question is how much compared to the built-in wasted warrants?
In another respect, the manufacturer sure the hell looks like VERB!!!! All the software updates that were mentioned! THIS IS HUGE. But they didn't announce it....
Why would they not announce it....
1. Agreement not solidified yet and they are consulting on what they can do for the SPORT.
2. Knowing this extended timeline will likely cause a mass exodus and PPS drop, they are waiting until it hits rock bottom so they can buy the shit out of it. Then announce the partnership (which may or may not include financing) and watch the PPS soar (and all the frustrated long term investors get F'd). But in the end it helps the partner pay for the infusion of funds.
3. I just don't deserve financial success. I am not meant to have a retirement and nice sailboat. I am meant to work my ass off for little appreciation so all around me can enjoy their lives! %$^%!!!! I personally am the reason you will all get screwed. I am invested in Titan BIG time!!
4. After therapy and several beers, I convince myself to not sell a thing and stick it out. Potential ulcers as it plays below .50... Because... some day. Some day.... AHHHHHHHHHH!!!!!
I agree dndodd... Both with the fact that high expectations can kill... and that as a medical device Titan is at MUCH LOWER risk than pharmaceuticals in the health care RD sector. I am sure that is one reason Titan is in the top 3 companies... Awesome patented product entering a huge future growth sector and backed by some of the top names in the world... *similar technology already proven successful. The interview from Bloom was great, however I wish the reporter was older than 12! It would appear more legitimate.
I think it is entirely plausible that they are using the SRI robot platform to experiment/integrate all the software ideas. They can later translate this same software in to any robotic platform, SPORT and Da Vinci included. But with Verb CEO being seen with SPORT, it might be that SPORT is the first potential commercial application of their stuff. They could be in talks now trying to come to an agreement that doesn't necessarily mean buy out, but perhaps partnership.... Who knows, but the possibilities are exciting and seemingly endless.
Interesting parallel. Hmmm. Please some other people here compare the pictures of sunglass groups. Are there some of the same people? It is not the best pic, but there are some similar faces as compared to the faces from the Ximedica sunglass pic with Titan. Some other opinions???
Yes, it seems that some of the tech guys don't spend much time in the OR. I just don't see a robot outwitting the eyes of a working surgeon. Cauterization is pretty quick! It is like they are comparing a robot to the days of suture/tie/vessel bleed control. Or as if the surgeon is too stupid to see bleeding and do something about it! This is not like a google car that may be safer than a lot of idiots out there driving... surgeons have graduated throughout their life in the top of their classes and have had a minimum of 13 years of school and often more. There is a team of educated people watching and taking care of a person/patient. From techs/nurses/and of course anesthesia (me)! How many eyes is the verb robot going to have in the patient!?! How many arms?!!? 2 years away from anything like that is a joke... BUT, to integrate the software in a learning/recognition pattern for patient specificity is something that might be what the second screen on SPORT could be used for. It could be giving fact/hints/suggestions based on the history of surgeries and specific to that patient. SPORT IS THE NEXT ROBOTIC PLATFORM COMING WITHIN A YEAR... somehow we just sit at .70 cents +/-????????
I agree 100%
This would/could be huge news. How did you come by this?
Yes. I was told the same from Schwab. Oh well
Schwab has required calling in to the global trading desk. Then they have to give approval for online trading broker fees. It has been a bit of a pain but I have done it. I can see where others would not worry about it. I am not sure if that is the cause of low volume lack of appreciation. I think it is more the &$@#hole selling on purpose to drive the pps down. It makes it frustrating to buy and just get denied any gains. Until something big happens that overcomes the &@$#hole, it seems unlikely that people feel the need to invest now. I think a bubble is brewing and when there is buying pressure that drives us up 20% it will keep going straight up for sharp gain of 100+%
Started the day seeing $1.39 and no changing over several minutes. Got this sick feeling that the anticipated news was a BO and this was the price. Ayyyyyyy! Of course a glitch and down a little when looking at the Schwab account. Patience is difficult. When are we actually going to hit $1.39 and how fast will it happen? How far past it will an offer for BO happen? Man, I'm anxious for some good pps moving news. And I know I shouldn't be....
Yes, after FDA clearance it would be smart to NOT dilute more but to take on debt and pay off your own debt with net proceeds. It is a better tax structure that way... IMO we just need funding through FDA/CE. After that, we can fund. The real question is how much time would it take? The other competitors of course will also need time, but the more money the faster things can happen.
This must be getting serious!!! References to Godly deeds and Surg Tech's reference to Churchill's talk of the intricacies of Russia and it's history! What is true is that the belief that Titan is big is unquestionable... The belief in potential is real.... The frustration of not knowing how the potential will be played out is palpable.... I don't know if tomorrow will land us any good news and of course if the news will cause positive change in the PPS, but I do know we are one day closer to whatever reality we all face if we keep faith and hold long term. My "belief" is that it will all be good....
Sorry Jlabs not Verb opening office/research branch in Toronto. But they are all interconnected for accessibility and separated for protectionism...
Wow. This is all very intriguing... Verb opening an office for develop in Toronto and talks about the great tech there. JH a former Ethicon exec. Verb's CEO seen and pics taken with the Titan team at SAGES. My initial discussion with the Ethicon rep where I am saying... "JNJ is buying that Canadian company.... Titan." (Then retracting his thoughts based on confusing tones of the market a couple of weeks later).
Microline is the assumed supplier based on the WORD FOR WORD commentary coming from JH and Microline's website home page. And JH saying to a board member "I think it is obvious and everyone probably knows who the supplier is" However... Is it obvious because the generic albeit word for word or is it obvious because of his Ethicon history?? Either way, contracts were made to be broken. For the right partnership and money, Microline could be told "thanks but no thanks" and we would add a few more months for Ethicon to develop things and no one would care! The PPS would appreciate higher on that news!
Yes, these are interesting days. Any seller is playing with fire IMO. Most likely things will light up after CE or FDA, however it truly could be any day....
The FDA does not like self indulgent over confident technologies that boast with assumptions that the FDA will pass their plans. TRXC and its recent blow are a glowing example of that. I think announcing your timeline successes are as much as you can do without running regulatory risk. It is painful and I'm sure mgt wishes the pps wasn't manipulated and funding was easier for the companies bottom line. BUT.... They know what they have and they have the backers to get it financed. So getting approval is the biggest deal. They don't want to mess it up
My guess as to what is going on with the silence has to do with many things.
1. They thought it would be a no brainer that the warrants would be in the money, however failed to predict market players F'n with the stock (whether day traders or another competitor company).
2. After eating humble pie, they go and make a few changes to the PR train and end up with a solo conference showing at SAGES.
3. They know that they have something special.... Between Longtai and new eyes on SPORT, they have money offered in bulk to help finance. But it comes with a price. They have to make it look pretty for the inside investors and offer them low cost shares AND warrants that will be more easily usable. Which is good for Titan.
4. Because everyone is concerned about too much dilution, the Mgt and Investors say "keep it quiet" No need to let the next couple warrants come in to play. "We know what we have" The private investors and Mgt would rather be receiving the benefit of warrants and Titan knows that they will be filled. They don't care about the PPS, because they want the potential suiters to be licking their chops.
5. My prediction is that after the June warrants expire worthless, management will give us some good news. Perhaps a move in timeline with FDA cadaver approvals soon on the horizon. Maybe release the partners involved. Release trial hospital sites. The price goes up accordingly and by December we uplist. The investors make good on the warrants and Titan is funded to either start producing or to scare the competition in to buying them. A couple of players come to bid, but now it is serious.... Titan did it. Now the offer can't be PPS 3-6. The price offers go up. But with FDA approval and the uplist, too many investors see an ISRG opportunity and the PPS skyrockets with stupid excitement. Since the company really doesn't want to build and sell on their own, they pull the plug at an offer of 35. All within the next 18 months...
6. I retire. Buy my sailboat. relax and say "Whoooooohoooo!" "A LOOOOONG time coming but well worth it!!!" "Where do I put my money now?!"
7. Small hotel in the Caribbean? Kids with unknown funds in an account for their future. Volunteer medical/surgical teams traveling with my own SPORT linked up to tele"specialists" all over. Time to run/bike/swim any time. Ice cold beer with sweat dripping off the bottle at the end of my day. (large sighhhhhhhh)
I agree with you pontiacg6! Something about this stock is trying my patience, but I believe it will succeed more than any other stock I have owned. My biggest gains were a triple hitter a few years ago, and I have had a couple doubles. Also some triple and double losses!! I just think we are poised for far more here. My PPS is slowly creeping down as I add more at these levels. Now at 1.72. All in! GLTA
The Global Trading Desk at Schwab called me back with information regarding the restriction of trading shares for U.S. traders. He said this is just the first time that they recognized the allotment based on the Aug '15 perspective. He said they should have put restrictions on before, but they did not notice the verbage. Apparently it has to do with the fact that the warrants that come with the TMD purchases are NOT for USA based investors and that they basically do not want to register them with the SEC based on their short shelf life. This morning he told me the restriction for trade with them on line was going to be through May 10th, however he noticed that they just put in for another raising today at Can $1.0?! Because of this there will be another 40 day hold on USA based online purchasing. He mentioned another 15 million Canadian.
MY TAKE?? The SAGES conference brought some real interest and some big investors wanting in. Three fund raising efforts in a month!! I think the big news that JMAC might be talking about is the revealing of this next round of financing and possibly disclosing the interested party. IF indeed there is another 15 million, then we should be good with financing until next year and possibly through FDA approval. That would be painful from the dilution point of view, but extremely comforting from the investment point of view. We will see soon....
Strange... I just got off the phone with the global trading desk. I was able to buy only on the USA OTC market. I asked why and for how much longer. He said because of the latest offering....Until May 10th. I challenged by saying there have been many offerings and I have never been limited in my purchases in the past. The limitation originally state the 4th of April on this round. He had no answer but said he would look in to it and call me with any information today. I don't now what he could find out or if he will, but I find it interesting. Well... I got 3600 more at .716. A little bit here, little bit there, all hoping to maintain my position and cost average down.
Some of the longs may remember that there was some chatter that we had an agreed buyout of PPS 8 that JH was facilitating and that is why he was brought on... Out of all the conspiracy theories out there, for some reason that one stuck in my head. I thought at the time.... CRAZY. This will be 20, 30, 50+!!! But the longer we go here, it takes me back. Maybe there was some truth to that? Is that what they have been quietly working on? Of course 8 then would have been a market cap of about 1.2 Billion. Now a 1.2 Billion BO would be more like a PPS of 6....
I have an order for 3600 at .72 in first thing this morning and it is just sitting there... I had to call it in with my Schwab PCRA account. Still can't do it myself online. Kind of frustrated...
The difference with 2014 is that investors then saw a soon to be released product that begged of success. Now investors see a company that has not always played by the hopes of the people... I am very long and strong, but there is hesitancy now because we have gone from changes in timelines, to "Oops, not fully funded", to a significant amount of dilution. Also, we have let competitors to the robotic market be closer. So, even though I think we will get a rise with good news and it may shoot up significantly, there is a lot more hesitation in the air. Some mistrust. Some bitter feelings with those that have been through quite a roller coaster ride of hope here.... How many times have we heard "this is the last time you will be able to get it at these prices" only to see it fall even lower. This has been a very difficult stock to gauge... The more time management plays silent and seems to care less about the PPS/investor, the less of a chance this has to catapult like it should. Investments are about a gamble, but TRUST goes a long way. And there seems to be little trust that management really gives a crap about the investors... We should be in the 3-5 range and warrants should not be a problem. But now we have dilution and even more warrants for even cheaper for even more dilution. Every one's investment here has been cut as if they did a r/s with this poor dilution raising IMO. I am here for the long haul, but I get the frustration.
I will be right there with you. I'll be sure and have a barking dog and hang my laundry out on Tuesdays! Oh man I hope not. I prefer the party in the Carribean!
It sounded like an add for SPORT. All good stuff. The rep I work with doesn't feel ISRG will buy Titan because there is no need and feels ISRG has all that Titan can offer save for a cheaper single site! I think it is plausible that they buy Titan and incorporate the tech and independent single port machine. Also take out the biggest near future competitor. They clearly respect what Titan has put together. If they could buy us for under 2 billion then they would save twice that in potential loss of revenue growth in the next four. Nothing is off the table IMO.
Yes I never meant to imply I think we would hit 600, just that more would think that then be happy with a sub $1 buyout. I agree with all that you say and am right there with you. I'm invested about twice as much as originally planned just because of the reasons you laid out. And that I think our final PPS will not be as high as I originally dreamed so.... More shares equals the same end picture. Retirement with a nice sailboat. GLTA
My average is 1.65 now. Ouch, but I don't really mind. I have full confidence that this will be well above that within the year!
I highly doubt that even 3% would be happy with .96. What a stupid thing to say. I think more hope that they could someday be selling there 25000+ shares at $600+!!
I see where you are coming from and I sure hope it is so... Lots of interesting connections. But, the microline word for word quotes and Verb talking budgets makes my gut feeling just thinking we are being too hopeful (and have been for a long time). It would be best for our investment here to know that the only real competition was part of US!! But that does not diminish my feelings of success in our investment if Titan had microline lined up and were pushing bids from others. I think the real difference would be.... With Verb partnership/MA PPS at 20+ and beyond perhaps; with microline and "going it alone" BO/MA PPS 8-12 in the next 1-2 years. Just my gut feeling after following daily for 4+years now.
I don't know... It looks to me that they are using SRI for the development and have a sum of money invested now and for the completion that makes it unlikely that Titan is in the game. As much as I wish for it...
Huennekens: What we’ve said is from the money that J&J invested with SRI, [the company licensing robotic technology to Verb], what’s been invested by J&J for instrument development and what’s been invested by Google for development for all the other aspects of the project, plus what’s funded, to commercialize this is a $250 million project.
Part of that has been spent. There’s been a two plus, almost three-year development period during which J&J invested with SRI to develop a prototype robot. Now you’ve got ongoing investments that Google and J&J each company has been making. There’s money that has been put into Verb to fully fund it to commercialization. The combination of all that is around $250 million.
From....
http://www.mddionline.com/article/democratizing-surgery-qa-ceo-verb-surgical-3-31-16
We could get a boat share program going.... Titan 1, Titan 2, Titan 3.....
What kind of boat? I would love to get a new Jeaneau 54. But we need to get to 10 for that one. At 10 I would retire and live and cruise the world on that beauty.
I just listened to the message on my phone from the Schwab Global Trading Desk, where they actually said April 4th was the day they were halted to trade in the local Canadian market because of the rules of the most recent offering. They could trade then (April 2nd), however it would have to be over the OTC market in the USA and would have to be done from the Global trading desk, not electronically via my PCRA. I haven't tried since to buy so I don't know if it is still in effect for that reason or if it was extended to May? I decided to buy something else and will plan on trying next week with my latest funding.
I have a Schwab PCRA as well, and I was told the same thing. You have to buy it through a phone broker... No online purchases allowed. I will buy more next week when it is easier online. Doesn't look like we are going anywhere for the moment.
They just realized they signed a deal to deliver it in a Cracker Jack box directly to hospitals! Made in Taiwan. Wrapped in plastic. "enjoy the nuts!" label inside!