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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.
I hold just 5k shares and may dip my toe in a bit deeper. I am confused about today's good Q news and yet a sell-off. Do you guys expect a possible reverse-split to consolidate shares and uplist to NASDAQ?
Already started mine.
Not a shorter. I wish I had been over the years though.
SPORT is not a marketable device yet. They've had past issues with hardware and no one knows where they are with the operating system. They've been working on the device for several years now. Why is it not ready yet? You cannot just assume MDT wants SPORT based on this. Certain aspects of the IP and patents obviously hold some value and that seems to be what MDT is after.
Well actually it's either licensed or assigned. But yes you are correct - my bad! This particular contract was presented to the public as a licensing agreement. I haven't read the details of the agreement. Do you know how long it is? What IP exactly are they using? If the milestones are not related to SPORT as some say, then the obvious assumption would be the two milestones have to do with the incorporation of certain Titan technologies to be used in MDT device(s) being built or already existing. If that is the case, at some point MDT will want to have the IP rights assigned to them so they have full control over their devices. This may explain why Titan has changed it's description in its public releases.
You are correct. So far, MDT has invested in MDT by purchasing some technology they feel they need. That's it. That's all we know.
What are the milestones Liv? Don't hold out on us.
It's not even $41 mil yet. They have two milestones to meet.
Which destroys all of our "NOs."
I agree. First one out of the gate against ISRG has a huge advantage over the others. If MDT gets out in front of other companies (ie. Verb) by a couple years, they will be light years ahead of the competition. Titan, by itself, WILL NEVER COMPETE against any of these companies in robot sales.
OR Nurse, I was asking the question because I'd like to hear what the eternal cheerleaders have to say. What would be their spin at that point?
Let's pose this question then...
If a reverse split followed by another raise does actually happen at some point over the next few months, what is the rationale?
And please don't say it's just a "ruse."
Many of us won't miss the big day if/when we wake up and find out Titan has been been acquired because we still own enough to make us happy if/when the day comes.
Now a RS and raise on the other hand will be a kick in the balls. BUT, we have some powder set aside now just in case we take a big dip in share price.
The BEST part of this for me personally is the capital loss on my sale of 33k shares this week is $187,000 - yes, that sounds like it sucks... BUT, after 30 days, I have a nice large capital loss to help offset any future capital gains and I may be able to buy back my shares (and more) at a discount at some point as well. Since Titan is a PFIC, this may be a great benefit if/when they are acquired.
If she drops, I pick up a few more shares with the dry powder I have from my sale this week. If not, I am still loaded up.
All is good!
Yep. Very odd indeed. Titan had other private placements as well.
As far as I know none of us have sold our entire holdings. I sold one quarter of my holdings so that I can potentially re-buy them at a lower pps. In fact I can buy them back right now and make a little money. But even if I don't buy them back, I still hold 75k shares for that "magical" day you all are sure is coming.
I am in a more comfortable position right now. If there is any chance a RS and raise does occur, I will be in a great position to load up significantly. If a buyout is announced on Monday, I make cake on my current holdings. In addition, if there is a buyout, and if I do not purchase any more shares, the 33k shares I sold this week will give me a $187,500 adjusted loss for tax write-offs (for the rest of my life) and I still make $ on the buyout.
Titan has raised significant $ in private placements before (i.e. Longtai $24 mil offering in return for a distribution deal). The difference with this one is the MDT partnership. But those investment groups that came before this would have made their investments based on due diligence as well, right?
Livendi, you continually put the cart before the horse. SPORT is still in development. The device is at least a year away from clearance. Human trials have yet to take place. Yet you assume SPORT will be purchased for billions and steal market share from ISRG.
YES that is the goal we ALL have in mind and hope comes to fruition. But I live in present reality. Until a device is approved for use, we only have hope. I've stated this many times before... i am a Clinical Research Associate. I monitor clinical studies on both pharmaceuticals and medical devices. My job is to audit study protocol compliance and subject safety at study sites for sponsor companies. Think of me as a pre-auditor before an FDA audit. NOTHING in this business is a "slam dunk" when it comes to FDA. Guess what? if there is a technical or software malfunction of SPORT that injures a study subject, say goodbye to taking ISRG's market share. I said it upon announcement of the MDT deal, we are not out of the woods yet. You keep counting your chickens before they are hatched.
So upon news of a $billion + buyout of Titan I will gladly give you credit for your predictions. Until then, I am watching this day-by-day and making investment decisions based on what is known and new information presented. The recent information about a reverse split allowance does not sit well with me because it presents more questions than it does answers.
Bottom line, you have not been right (yet) because a buyout has not occurred. AND, you were right there with the rest if us screaming about the incompetence of this management team.
So far Titan has bought us some time by inking an IP deal with Medtronic. Hopefully it leads us to the "Promised Land." But Titan's history is what I have to fall on to make my investment decisions going forward.
Livendi, just a reminder...
WE HAVEN'T GOTTEN $100 MIL for it yet. THERE HAS NOT BEEN A BUYOUT! We haven't even met the requirements for the $41 mil IP deal yet.
So no, you are not correct. If you predicted a buyout by MDT, it has yet to happen. So you cannot say you were right. Could there still be a huge buyout? Yes. Do I believe MDT may be the acquirer? Yes. Do I have faith in anything Titan does? Very little.
During the period between last August 2019 and June 2020 it appeared we were dead in the water. Most of us thought a fire sale was imminent - including you. At that point I wanted someone to step up and take this company over. My intent was always to own stock in the technology (IREP) as long as it remained viable - regardless of what company owned it. I think I even agreed with someone that I'd take a $30 mil acquisition at that time just so another company could finish the development. I have always had hope for the technology. I understand the immense potential of the market. But I lost faith and trust in Titan management a long time ago. I PRAY it is not the case but if Titan sold the IP to MDT just to stay in business I will lose my f'n mind. From what we know right now, Titan needs to meet two more milestones to collect on the deal they made with MDT. We know very little other than that. SO, if these milestones are not met, then what happens Liv? Where does the $ for getting SPORT to FDA come from? MORE RAISES Liv. MORE DILUTION Liv.
We also know Titan wants shareholder approval for a reverse split "if needed." That does not exude a lot of confidence in my opinion. If a buyout is imminent, they would not need to have this in place.
I want the same thing you do. I'd love to see an acquisition. I want to score big on this. But Titan has yet to deliver and I'm starting to wonder if we need to prepare for another kick in the nuts!
Well, you were responding to my post so...
Anyways, I agree, I would like to know what that piece of equipment is as well.
As for the conferences... until I hear McNally directly reference the work they are doing with Medtronic and/or Martha directly reference Titan, I am not jumping to conclusions. Martha referencing the plural of "robot" is not enough for me to assume they want to purchase SPORT.
The one thing that does keep me motivated is your chronology of previous Medtronic deals. But now this RS business has me wondering. We've been kicked in the cajones too many times.
Between Titan's AGM and Martha's Oct 14th presentation I am hoping we have a better understanding of the true relationship between the two companies and the timeline(s) they have set into motion.
Agree!
Similar assumptions were made about a JnJ / Titan partnership. How'd that work out for everyone?
No one is saying those guys are wrong. OR Nurse is not spamming. Valid questions are being asked. PERIOD!
Then they should buy it if it's all that. Right?
Ive been here a long time. I know about the prior surgeon reviews. Realize, those were before the bottom fell out financially, before tweaks were made BECAUSE of surgeon suggestions, before the supposed HARDWARE "design freeze" which wasn't and before the admitted software issues they dropped on us last year. Not to mention continual timeline changes.
So yes, I certainly hope human trials bring us great reviews. THAT IS MY F'N POINT. SPORT is still unproven and people here expect MDT to buy it for billions. Human trial data most likely will not be submitted until Q3 or Q4 next year. If they miss MDT milestones, we're F'd! An RS and DILUTIVE RAISES WILL HAPPEN and YOUR SHARES WILL BE WORTH PENNIES. Bank on it.
Assumptions just keep being made here with little concrete evidence... over and over and over again.
This is also very similar verbiage as that in the 2017 6-K prior to the RS in mid 2018.
I am starting to believe a scenario like the one you just mapped out is logical and quite possible. And it makes as much sense as any other theory that has been discussed here.
If true, Titan has covered all their bases. They cannot be accused of withholding anything from shareholders. There is not one shred of real evidence that Medtronic wants Titan's single port robot. Titan ran out of money and could not raise any through an offering. They said they still need roughly $100 mil to get SPORT to FDA. MDT needs help with their robot. An agreement was made between the 2 entities for a potential maximum of $41 mil to TMDI so that they may continue to develop SPORT. In return, MDT receives some technology they apparently need.
That's it! That's where we are. Yet people on this board STILL think this tiny public Canadian surgical robotics development company worth .74 per share - that has changed gears numerous times over the last 14 years and STILL does not have a FDA cleared device - is going to fetch upwards of $5 bil or more in a buyout inside the next 12 to 18 months.
I've been reading this garbage since early 2014. This is a never-ending nightmare.
Exactly!
Tired of this continuation of the "Man Behind the Curtain" BS.
Solid post!
Hey Liv, have you seen SPORT in action lately? Any KOLs out there touting its performance anymore? Where are we with this greatest gift to humanity?
I'll tell you where we are...
.74
WHY Liv? WHY are we at
.74 when a huge company like Medtronic wants it so bad?
You gotta pull your head out your bum and start asking some valid questions. All you ever do is recite the basic mantra. Get with it Liv.
Agree! And wondering where CRNA is as well.
They'll do a raise. Just watch!
Tend to agree with everything you stated. 10/1 RS and raise! Even if they hit the milestone.
Actually, most of the issues leading to the current stock price came AFTER the first RS. Although the first big delay under Hargrove wiped out a chunk of the ~$200 mil + market cap so you are not incorrect.
A delisting means very little if a MDT buyout is actually in the works. Also, if a MDT buyout is imminent, no one should give a sh1t who is on the BOD.
YES, I want to see a buyout happen. Is it imminent? NO!
So much hinges on Milestone completion and Martha's presentation on 10/14. Buckle up Buttercup because this thing will go north or south in an instant and your head will be spinning either way. If it goes south, it will mean RS, MORE DILUTIVE RAISES and the final nail in the coffin for many of us.
From Form 6-k:
Shareholders will have an equal opportunity to participate at the Meeting online regardless of their geographic location. At the Meeting, shareholders will have the opportunity to ask questions and vote on all matters put before the Meeting. We believe hosting the Meeting virtually will enable increased shareholder attendance and will encourage more active shareholder engagement and participation at the Meeting. We encourage shareholders to participate in the Meeting. You will find important information and detailed instructions about how to participate in our virtual annual and special meeting in this information circular on page 2. A copy of the information circular and form of proxy accompany this Notice. Only shareholders of record as of August 24, 2020, the record date (the “Record Date”), are entitled to receive notice of the Meeting.
Will be interesting to see if shareholders WILL ACTUALLY HAVE a voice in this AGM.