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Ah, ok, i forgot.
I was one of the idiots. In my own defense though, I fell for the new CEO telling us he would support the PPS after the split. I now have major trust issues with everyone I know or meet!
Hey, if I remember correctly, you were persuaded to vote YES too. Shame...Shame!
Laughing and crying at the same time. The truth hurts.
That is the epitome of "Titan Confidence" right there.
...and it's not a "ruse" if they still need to RS to stay on NASDAQ. In this suggested scenario they are hoping to get patent approval over a specific time period. If they don't, it is business as usual, right? How is that a "ruse?" More like uncertainty and, of course, lack of transparency to shareholders.
Really? A "ruse?"
First, this suggestion just occurred to me as I read the new patent announcement. As we all should be wondering WTF is going on, I am trying to find alternative explanations as to why they are asking us to vote on a RS.
So if this could actually be a possible scenario, then it is still utter nonsense that they do not publicly state there are patent implications tied into the milestones. It is BS that they refuse to reveal the milestones. They can do so without revealing which patents may be in play.
So I'd use the phrase "lack of transparency" instead of the word "ruse."
Being the wordsmith that you seem to be, I am a bit surprised at your choice of semantics.
I will. I have a couple more weeks to go before I can. I don't want to lose my capital loss. If the price goes up too much in the next 2 weeks due to pumping of the AGM, I will wait to buy those back. I have enough shares to be happy if a buyout is announced sooner rather than later.
This is what interests me...
"The Company has also received notices of allowance in 17 other patent applications and accordingly anticipates their issuance in the coming months."
Are some of these patents part of the "milestone" requirements? MDT may just be waiting for some specific patents to be issued before they move forward with a buyout. That would explain why Titan needs to continue moving forward as if the MDT partnership doesn't matter.
Exactly. We should ALL vote NO but we aren't going to be enough. Plenty of stakeholders want to stay on NASDAQ and will vote YES. If it's a YES vote pps may drop a little. The real damage will come from another raise. THAT is what scares me. If McNally says he'll support pps after a RS again, then drops a raise on us, this thing will tank BIGLY!
I think you are getting lost in your dream of a 1 for 1 stock transaction.
Let's say Titan stock is at $1 and the buyout amount will be $5 billion. The RS has NOTHING to do with the buyout price. Titan/SPORT is worth X ($5 billion in this example) number of dollars.
So let's say Titan has 100 million OS. At 100 million OS and a $5 bil purchase price, that means Titan is bought for $50 per share. Before the buyout and before a RS let's say you own 50,000 shares. That means your holdings are worth $50k ($1 per share) before buyout and at buyout you then have $2.5 million (50k shares × 50 = $2,500,000).
Now, let's say a 1:10 RS occurs before buyout. So now Titan shares are worth $10 each (not $1 each) and Titan now has 10 million OS (not 100 mil OS). You now have 5000 shares instead of 50,000. If the buyout price is still $5 billion then the share price after the RS is $500 per share, not $50 per share. So you now have 5000 shares at $500 per share which still equals $2,500,000.
After a RS your price per share changes (before buyout price x 10), but your total $ doesn't change because you have 10 times the amount per share after the RS but you own 1/10th of the shares you had before the RS.
Maybe ENOS will be the big AGM reveal?
They need more funding. They said they only had enough for 12 months.
Yep. It is quite laughable. They NEVER do anything on time.
It appears they may have a way to go to get SPORT ready for liftoff. No wonder they want/need that RS option.
There is a BIG DIFFERENCE between "funding for the next 12 months" and "funding to commercialization!"
So wait... they are just now hiring a Software Architect?
Then why would they do a RS if it hits $3 or $4? McNally said himself they'd only do it to stay on NASDAQ.
It's kinda like the Vipul Patel SAB fiasco. Or the Longtai fiasco.
Seriously, this company is Bush League!
I believe that too!
...and what I wrote is accurate.
I'll say it again - I STILL HAVE A SIGNIFICANT POSITION. I can sleep better at night knowing I took advantage of early stock purchases by selling those for a large capital loss AND still can make a killing on a buyout... AND potentially buy more at a lower pps. So if it hits $1.50 tomorrow, GREAT! And if it goes to .50 or less in the coming weeks / months before it spikes due to big news - ALSO GREAT!
Roll,
I believe that Titan will hit their 2nd milestone. I'm just pointing out that if they don't, investors will be angry and sell. An RS will then be a likely scenario in 2021. It will be the same'ol same old.
It's kind of comical that the one person here that keeps making incorrect predictions is screaming how others are so wrong!
If the AGM doesn't produce "new" information that boosts share price, people will point to Martha's presentation on 10/14 as the date this trend will reverse. I have been hopeful that 10/14 will shed some positive light and be the defining moment. If it is not, bank on a RS and seeing this thing back in the .20s.
Look up the definition of a hedge fund!
They were given some info?????
You realize that would be illegal right?
That's good news!
The capiral losses can be used every year to offset cap gains until they are used up.
I was under that assumption too but others keep saying that isn't right. I've done the QEF every year just in case.
...getting back to tax offsets...
The way it has been explained to me is that if you have a capital loss of $50k this year and a capital gain of say $55k next year, you can cancel out $50k of your $55k gain with your previous year's loss. If you had a $60k loss the previous year you can cancel out the $50k gain AND still write off $3000 from income in that same year. So if you bought shares at a premium, it is not a bad idea to sell'em...BUT, keep the Wash-sale rule in mind - you gotta wait 30 days to purchase those shares back. I made that mistake a couple years ago. I could've taken advantage of a huge loss but I bought back in too soon because I got nervous when the pps started going up.
Just curious, what is your adjusted loss on those 80k shares? Not sure what platform you use but on TD you would go to Account Overview -- Cost Basis -- and then the Adjusted Gain column.
The "up to $3k" is the limit you can subtract from your income every year. That is different than using capital losses to offset capital gains.
PFIC status is still somewhat unclear to me but the way I understand it, all capital gains from the sale of PFIC shares are treated as ordinary income for federal income tax purposes and will not be taxed at long-term capital gain rates. I believe there are additional fees paid if one does not file a Form 8621 each year they own a PFIC stock.
Nope. 30 days.
Just something to ponder for anyone that bought in before the last RS and still holds some/all of those shares, and you think this stock still has potential in the next 12 to 24 months. You might consider selling some of those for tax harvesting. I sold 33k shares a week ago for .73. The cost basis for those 33,000 shares was a $6.40 average per share because most were purchased before the RS. I received about $24k for my sale and took a capital loss of $187,554.19. After a minimum of 30 days I can buy these back (hopefully at a nice discount) and I will have $187,000 to offset my future capital gains. You can carry over your losses to future capital gains. So I can basically cancel out the taxes on my first $187,000 I make on Titan (or any other stock). And hopefully I will still have the same number of shares, or more, that I had when I sold last week. Remember, The shares you buy while Titan has PFIC status will always be taxed as a PFIC.
We are all in different scenarios. I am not advising anyone to sell. Just giving you an alternative to think about in case it is something that might help your situation.
I will buy a few upon drop in pps then wait until afterwards to see if there is a raise, then buy a few more on that drop.
Thanks for the input.
Separate investor presentations. Someone on this board tried to create a buzz by linking them.
There is quite a bit of that in this industry. Just look at the CVs for people like Chad Zaring, Andrea Bajo, John Hargrove, etc.