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Who gives 2 shats about the 9M $1 Warrants when Titan just got tens of millions of dollars in the last 2 weeks. The deal potentially worth north of $50M in cash in the coffers and some are worrying about $9M in $1 warrants. We have another $10M from Medtronic coming and millions of other warrants have been exercised.
If the past dictated the future here, when these offerings were announced TMDI would have plummeted and shorts would be in full control but THAT IS NOT HAPPENING NOW. In the past, this would have fallen well below $1 based on these last 2 offerings but THAT IS NOT HAPPENING NOW.
Bottom line is Medtronic has partnered with Titan. If Medtronic hits Murtha's goal of CE and IDE submission by March 2021 (less then 2 months away) then......
Let's see: Titan trading at 70 cents just over 30 days ago, has had 2 diluted offerings, raised potentially up to $53M and is currently trading at $2.50 - well over triple its share price from late 2020 - Looking good.
Oh, also warrant money coming in...Titan is FINANCIAL SOUND position right now. that is why this hasn't gone down after the last 2 raises and it has tripled its PPS in just over 1 month. As they say...TIMBER
All that matters is BO price:
Investor has 40k shares and it gets split 4-1, now investor has 10k shares. OS share count is 120M prior to 4-1 RS and 30M after
If the buyout is $4B- that investor makes same amt in return whether he owned 40k shares or got 4-1 rs and owns 10k shares. At this point, so close to end, RS doesn’t matter. It would have matter an whole lot more if they had done it and then did these dilutions.
Titan Medical is flush with cash, all these bought offerings, another $10M from Medtronic, tens of millions of dollars in warrants being exercised...
Amazing that some big company wants in with these 2 bought offerings...i would imagine if Medtronic had a do over with the Mazor deal, they would be following the blueprint that is taking place with Titan right now...hhhmmmm...
As some would say, PPS will be going up, way up...TIMBER!
That $10k investment at 70 cents turned into 14,286 shares - as of close on Friday that is now worth $36,285 - not bad for just over 30 day return. I guess I am supposed to say TIMBER when it grows that much. Really looking forward to Milestone 3 when Medtronic announces Regulatory submission by end of March
So OUCH is going from 70 cents just over 30 days ago to $2.54 and TIMBER means the stock goes up. Really starting to understand this short lingo.
Checking in at end of the day and see very little change, still up from 70 cents just over a month ago and trading at $2.70. No news and dilution from offering and well north of $2 and its not even February. The game everyone should be looking at is Medtronic and if they hit Murtha's goal of regulatory (CE and IDE) submission for Hugo by end of March (or as I like to refer to it, Milestone 3)
He is “selling” make belieze shares. Heck in that case I sold 20k today at 3.36 and bought back in at 3.05 and made, oh I don’t know, let’s say 18k more shares in 6 minutes.
That’s only 2k shares (NOT 6k) - I highly doubt u even sold any shares and bought back in lower.
Only in beliezeland can someone make up 4K shares out of thin air and then have the complete lack of emotional intelligence and actual post it. Can’t make this shat up on this board
TIIIIIIIIIMmmmmber
Timber apparently means to rise 13% in an hour
The guy gets paid when anyone directly responds to his post - best advice, never reply to their post directly
Some interesting Math:
Investor A took $10k and bought Titan at 70 cents and picked up 14,285 shares
Investor B sold his 14,285 shares at 70 cents and picked up $10k.
Just over a month later:
Investor A's Titan investment is now worth $35,713
Investor B decides to invest back in Titan how has 72% less shares (4k vs 14.2k) and his investment is worth $10k
Investor A is long and investor b is the shorts..
That’s exactly what ur boy 25cent would say all while the flames are engulfing his house around him. I’m willing to bet all I have that u r wrong and this will never get back down to ur short position of 50 cents.
25cent and 50cent hanging together in a world of complete cluelessness
Multi ports are a dime a dozen. ISRG patents started expiring last couple of years so companies like JNJ Medtronic cmr can make similar arms but make them modular
Bottom line that is nice to think about is that the shorts got roasted over the last month and the true longs have gotten back in the black - all upside from here on out - what a run with plenty more to follow. I wouldn't be the least bit surprised if it pulls back some tomorrow to close around 2.50 or so but even that is almost 4x increase from 70 cents just over a month ago.
There is a lot of speculation as to what is causing this run and my 2 cents is that we will find out that this recent $10M offering was taken by Medtronic (about a 9% equity stake). Word has probably started leaking out and hence the SIGNIFICANT increase in PPS over the last month.
As indicated by the 4 exclamation points which actual means PANIC
Tell that assclown Sport19 we all said hi
All we need know is for funnycomb777 to show back up and we are guaranteed to see PPS rise to $3. Every time he has come back on over the last month the PPS has risen - went from around 60 cents to over $2 today in just over 30 days.
As for Sport19- well he is just an assclown
Man did the shorts get blasted - it was only a matter of time but it finally has been happening. Can’t say I feel sorry for them bc I don’t. This looks like it will be going to $2.25+ today.
Imagine having sold those 10k shares at 75 cents and took that $7500 and buying back today at $2.25. Those 10k shares went down to 3,333 shares. Wow!
Some data points:
At one point TRXC hit a MC of $1B (crazy but nonentheless). Today TRXC hit a MC of $614M (might get to $700M tomorrow).
Titan has a MC of $150M.
Yes, TRXC has regulatory approval but it is without question an inferior product/system compared to Titan's ENOS platform. With TRXC hitting a Billion dollar MC at one point, it is fair to say that a Single Port system like Tian with ANY REGULATORY APPROVAL would have a MC of $4-5B and a much higher BO value.
Titan was trading at $1.87 today with a MC of $150M - they are within a year of regulatory approval. When this PPS starts to rise and MC goes from $150M to multi-billion value, it will happen fast, really fast. We could see PPS appreciation much greater then what we saw out of TRXC today. Shorts are getting roasted on both stocks....
Correct- Titan has better IP and better mgmt
Great point!
Also wait until they start taxing the ROTH IRA's on withdraws
Good news on any potential RS - I make the same money on a $6.4B BO!!!!!!
Lets dilute - when they do stock goes up 50%!!!!!!
FACT- Titan just did a dilutive raise and PPS went from $1.48 to over $1.90 today!!!
Sorry for the barrage of post, went out and played 18 holes of golf today and shot 17 under....little post round celebration for the 2 hole in ones i had (wink HC777 - u know)
They did...
Warrant money coming in and will be coming in in troves when they reach strike price - no more need to for dilutive offerings but hey if they do, it appears based on last dilutive offering we will see an 50% rise in PPS..
Keep 'em coming!
They just diluted and share price is going up.
Obviously the raise wasn't factored in b/c before the raise TMDI was trading around $1.60 and now it is trading at $1.72 - in fact the raise helped "raise" the PPS.
Investor owns 30k shares
Medtronic buys Titan for $5.8B - that investor makes $1,441,000
RS of 3-1 happens, Investor now owns 10k shares.
Medtronic buys Titan for $5.8B, that investor makes $1,441,000
ALL THAT MATTERS IS WHAT MEDTRONIC IS WILLING TO PAY FOR TITAN MEDICAL AND ALL THEIR TECHNOLOGY. Minimum equivalent is Auris valuation $5.2B.
TMDI - PPS in just over 1 month ago was 70 cents - today its trading at $1.72 - AND THE ONLY PR was an offering and minor dilution in that timeframe - that is the exact opposite of how this stock used to act prior to them partnering with Medtronic - times are changing.
To compete with ISRG, a competitor will need:
Multi port
Single port
Endoluminal
Yes, there is a rumor out in the market that a start up surgical robotics company is a prime acquisition target of one of the biggest medtech companies in the world. And the market guys like bear stearns and Lehman bros think it is TRXC so they are pumping money into it.
Good to go back and read details of Medtronic/Mazor deal
https://www.massdevice.com/mazor-robotics-inks-42m-deal-with-medtronic/
The recent run up in PPS was bc the warrants were being exercised
I see it as Titan has achieved Milestone 3 and ahead of schedule.
I can but won’t.
Checking in at end of the day and see Titan went up again today, closing at $1.88 - Just over a month ago it was trading at 75 cents - up well over 100%. Based on trends, over the next 30 plus days, we will be trading close to $4. I'll take it.
It will be based on the deadline for reporting, which is end of February 2021
The $18M offering that was taken up is % ownership (and that partner has not been revealed yet) so it is with 100% certainty that no one can say it wasn't Medtronic. I believe it was Medtronic and that $18M would constitute about 19% ownership based on shares outstanding (probably slightly less now with warrants being exercised)
certainly interesting that Sachin Sankholker is one of the patent inventors