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I don't think it is excitement. I think it is more knowing that management has to give more disclosure now and be more honest with their shareholders which is a huge win. Shareholders did not vote to reprice BOD options. So if management wants to be in the money, they have to work for it.
Sorry but it is obvious that you have shorted the stock and felt the reverse split was being voted on. It is pretty evident.
There may be indeed a fire sale. I believe Medtronic's bargaining position just went up and the BO price will be less. It may have expedited the timeline for a buyout. Titan will continue to progress as it has the funds to do so. In another year, they will be closer to getting ready for FDA approval. However, funds will be running out. The buyout price will be reflective of how far along they are(a position of strength) versus versus how much cash they have on hand(a position of weakness). Titan may look more attractive to other companies as they progress. Even if Medtronic is in a position of strength if Titan is running out of money, do they want to take the risk of another company buying Titan?
The milestone achievement will be reached which will bump the stock. The identity that bought the $18 million will be forced to reveal itself. Perhaps that is why they are waiting until February to do so. Again, Titan knew their timeline had extended. Not divulging this information in essence was a good thing. It is an ace they are holding that will keep share price up as they progress.
It is interesting the post after yours is an announcement of another buyout of another company by Medtronic.
October 10th for the remainder of mine for the wash sale.
Fingerscrossed1. He should have seen this coming and should have had a contingency plan in place. He reinforced the new CFO's opinion and reiterated that we are working with Medtronic which they feel with milestones will elevate pps. Again, they have to announce who bought the $18 million raise come February.
I still think we are somewhat in the dark with regards to discussions and plans with Medtronic. At least NOW shareholders have some position of power with regards to disclosure and updates from Titan. The agreement to allow the reverse split would have eliminated this position of power.
I think Titan will go back into its mode of silence BUT they have been forced to be a little more forthright with their shareholders. We as shareholders have forced their hand. Their options have also not been voted in favor of. So they have work for their goodies now instead of having them handed to them.
Still no CRNA, huh? Hope he is okay. Maybe he is doing a photoshoot.
Kahuna. During the meeting, the new CFO discussed how important it was to stay on NASDAQ, was clear in her understanding that they have until Jan, 2020 to get the share price over $1 and mentioned that they can apply for a further six month extension. She felt once milestones were met and more news was disclosed that the pps would be over $1. McNally even interjected and further mentioned how Titan was now in a working relationship with Medtronic to further reinforce the new CFO's thoughts.
When does the buyer of the $18 million in shares have to reveal themselves. Oh yeah, February 2021.
If shareholders voted in favor of the reverse split, the same pattern of behavior would have continued. No disclosure to shareholders. The reverse split would have occurred and the subsequent share price would have dropped after the split. We as shareholders would have created our own misery. Now, the board members have to work for their supper and have to actually DISCLOSE information to its shareholders.
I for one am very proud of every shareholder for standing united and voting against both the options as well as against the reverse split.
Milestones went out of order. They accomplished milestone 2 first with the raise of $18 million. The second milestone should have been due shortly but is delayed a bit which is no big deal. Again, if you read the agreement, there is a process in place with timelines on disclosures to both parties if there will be a delay. Both parties want the milestones to be met. They are dance partners and the music has already started.
Well it is not going to be shitty news that will drive pps over a dollar will it Mongo?
If there is a dilution, I am a buyer. They will either be bought out before they go to CE or FDA or will fund it themselves by a raise. If there is a buyout, we win. If there is a dilution and a raise, it will be bought out immediately.
Interesting how Titan only raised $18 million per Medtronic's request instead of $100 million in order to reach a milestone. And Titan knew their new timeline. $100 million could have got them through FDA.
The new CFO made it clear that continuing to be on the NASDAQ was extremely important to Titan. Again, she stated that once milestones were met and more news was disclosed, that the price per share would be over $1. So again, you are looking at a 25 percent gain from today's price per share.
They know they have to be over $1 by January 2021. Can apply for an extension for another 180 days. THEY KNOW THEY HAVE TO BE OVER A DOLLAR AND KNOW IT IS IMPORTANT TO BE ON THE NASDAQ
They say once milestones are met and more information is divulged they expect the share price to be over $1 to remain on the NASDAQ. PPS is 75 cents.
SO BASICALLY A 25 PERCENT GAIN FROM TODAY'S PPS.
21 million dollars on hand. Another 31 million dollars coming in. Enough money to last one year.
Application for IDE is at least one year away.
Will update next milestone by November 2020.
NO NEW OPTIONS FOR BOD!!!
NO REVERSE SPLIT!!!!
I think the AGM will go a lot better than the debate last night.
Great advice. I will try to do so. It is easy to say but very difficult to accomplish. I am in it for the end game. Great post.
Well, if Titan gets bought out I am not going to cry over a 30 day wash rule. So I save taxes on the first $180,000 or whatever I make. Big deal. I can drink some champagne and have a good cry.
If Titan goes bankrupt, there is no wash rule then is there?
Even if they do not announce the milestone achievement there is a system in place to communicate with each other for full disclosure to ensure the milestone will be reached. Will the milestone be reached? 100 percent. Will there be an announcement tomorrow. I do not make predictions because more often than not, people make predictions here that do not come to fruition. The announcement will come as per the agreement both Medtronic and Titan want this to happen.
I bought some more shares at 72 cents yesterday Adrock. As you mention, I sold 80k at 78 cents. I also bought some on 09/11 at 70 cents and 09/14 at 69 cents.
I feel there is some element of truth to ROLL's comment that the reverse split will never happen. Just difficult to be sure. I am trying to be positive and you call it tainted.
I thought you left for the village because you didn't like it here?
I voted no to the reverse split. Not sure what else we can do. I believe ROLL is correct. The present is NOT a reflection of the past. The reverse split is possibly there because Titan has to carry on as normal. The language must be on the table but they do not intend on doing the reverse split. News will be divulged that will bring pps above a dollar before February.
Of course this all conjecture because again we are in the dark. Some shareholders are leery based on the facts while others are more confident. So we wait and cross our fingers.
You have put it in its simplest form and you are 100 percent correct.
Titan wants a reverse split and in essence is saying "Just trust us, it will be okay. We would love to share what is going on but we can't because we have a confidentiality agreement with Medtronic. We can tell you but we would have to kill you."
That could also explain the disappearance of CRNA. Hope Hillary is not involved.
Good morning. There have been posts that we do not know who is sitting on Titan's board from Medtronic. Yes, a steering committee was already formed and multiple members form both companies have been meeting regularly. We have not been informed who they are.
The parties shall, within ten (10) Business Days after the Effective Date, establish a joint steering committee and conduct a first meeting for the [Redacted] project that shall include an equal number of representatives of each party designated by that party who have expertise and authority to address the [Redacted] project’s research and development, clinical, regulatory, and Intellectual Property matters (“Steering Committee”).
In addition, they are having visitors presenting things at these meetings and both companies are listening in.
Another tidbit of information. Some people have posted "What happens if Titan does not fill the obligations of the milestones. Medtronic will not fund them.
The agreement itself sets the stage for a process if the milestones are not met on time. Found it last night but cannot find it this morning. There must be open communication so in essence both parties want these milestones to be achieved.
Another interesting point is the confidentially agreement outlined on page 17. Basically, nobody can talk about Fight Club. This is why we are in the dark. Also explains why CRNA disappeared on this board.
I guess I do not understand how Titan management can put a reverse split on the table when it does not give full disclosure on the agreement agreed to by both parties. How can shareholders make an informed decision when critical information has not been shared to its shareholders? Guess it is a mute point. I voted no for a reverse split.
Mharb. Try to read it and help me and others understand this language please. It is difficult.
Truth be told, I never read this document. I heard the reverse split news and it was my main focus. I have only gotten to page 13 but I am already thoroughly confused and I have several questions and comments.
My first comment is that there are rules in place for how the steering committee works for cooperation between both companies and it mentions rules for each calendar year. So basically, Medtronic and Titan plan on working together for multiple years.
In reading the document up to page 13, it shows that Titan is providing protoypes or deliverables with related testing results and documentation.
There is also an inclusion of an extra million dollars to Titan for any legal fees related to milestone 3.
Medtronic and Titan are working on a Redacted project together. I have so many questions regarding this statement. Titan is not disclosing to its shareholders the name of the project. Secondly, Titan is using the money Medtronic gave them to help with the completion of the Redacted project that is being kept from its shareholders. So if there is a reverse split and a subsequent raise for lack of funds, how can shareholders justify Titan's actions if they have zero idea what the funds were spent on(it is a Redacted project being kept from shareholders). How can Titan ask for another raise then?
Each party may use Information relating to the [Redacted] project, including all clinical, pre-clinical, and non-clinical tests, studies, data, and reports conducted as part of or concerning the [Redacted] project, for all purposes permitted by this Agreement. The Steering Committee shall ensure that all data, database information, and reports of or concerning the [Redacted] project is available to both parties, during and after the Term of this Agreement This comment blows me away. So Medtronic and Titan are working on a project that shareholders are clueless about and it involves clinical, pre clinical and non clinical tests?
Neither party may use the other party’s Information or Materials for any purpose other than solely to exercise its rights under this Agreement or perform its obligations under the [Redacted] Project Plan in compliance with all applicable Laws. Neither party may sell, transfer, disclose, or otherwise provide access to the providing party’s Information or Materials, without the prior express written consent of the providing party. Notwithstanding the foregoing or any other provision of this Agreement, the receiving party may allow access, on a need-to-know basis, to the providing party’s Information and Materials by the receiving party’s Representatives pursuant to this Section 2.4, provided that the Representatives are made aware of and agree to be bound by the restrictions on the Information’s and Materials’ use consistent with this Agreement. So Medtronic and Titan are working on a secret project together and any information or knowledge they gain can ONLY be used for the secret project and cannot be disclosed to others.
Medtronic shall not require Titan, and notwithstanding anything in this Agreement, Titan has no obligation, to include any of Medtronic’s Intellectual Property (other than Joint Developed Intellectual Property) in the [Redacted] Prototype Deliverables, [Redacted] Prototype Deliverables, or [Redacted] Prototype Deliverables
Zero idea on this statement's meaning. Titan has to reach milestones which includes delivering protype deliverables for a Redacted project. Medtronic and titan are working on this project together and anything they work on together that is intellectual property can be included in these milestones but it does not have to include Medtronic's individually owned intellectual property???
Each party shall disclose to the other party all Developed Intellectual Property, including copies of all invention disclosures and other similar documents created in the ordinary course of its business that disclose any conception or reduction to practice constituting Developed Intellectual Property. A party shall make all such disclosures to the other party at least twenty (20) Business Days before any public disclosure of such Intellectual Property or any required submission to government agencies in compliance with the requirements of government supported research. So the intellectual property is what they learn together. So they have to give each other notice if one of them wants to disclose this information to a government agency. For example, the FDA??? Later on it says any Developed Intellectual property will belong to Medtronic.
Stopping for tonight. Will continue to read from page 14 on tomorrow. Has anybody else truly read and studied this agreement? Obviously Medtronic and titan are sleeping together. After reading only 13 pages, it seems like the rules for the dating, engagement and possible marriage have been clearly written out as well as the rules for how to be intimate. And we are in the dark on ALL of it.
They let you know when they are going to do it. It is usually accompanied by a laughing emoji face.
Absorb the entire message STANG. The 300 percent was an error. Unfortunately, you cannot go back and edit after 15 minutes. Some people are underwater thousands of dollars. Others bought at 17 cents. There is a difference in their perspective as a result.
ROLL
Had no idea you have been here for three years. That is the problem. I assume you have only been here since June so I make assumptions. Others make assumptions as to others' position or behavior or attitude towards Titan. Some feel we are in a great spot while others feel betrayed.
Depends on your history and your position.
Hoping for a good week.
Sorry for the boring post.
I think that is a smart post. Exactly. We will know pretty soon.
Interesting that comments pick up Sunday night. We all are interested in what is going on and we all want them to succeed.
I agree monk. I understand this possibility. Do I believe Randall? No. Just cannot believe he would be crazy enough to include it on an email.
We are on the same side. I trust nothing they say. Just seems strange he would send it in an email. It is an electronic record and can be used legally.
As I mentioned, we are ALL mushrooms.
I guess we ALL have battered stock syndrome.
Perhaps you know a psychiatrist for group therapy.
I will touch that one.
So Titan has a fiduciary responsibility to its shareholders.
Medtronic wants a milestone of a reverse split?
So by management wanting the reverse split, it scares investors to sell shares. In most cases, a reverse split is a negative thing. So you scare shareholders which drops pps with the selling. The reverse split happens then you inform shareholders that the second milestone is a reverse split? Do you know how angry shareholders would get?
It doesn’t matter whether there is 80 million shares or 8 million shares. If there is a BO amount, the distribution would be the same. If Medtronic wants to do a buyout with so many shares of Titan for 1 share of Medtronic, they just change the equation based on the number of existing shares of Titan.
Now why wouldn’t Titan inform their shareholders that the second milestone is a reverse split ahead of time and then shareholders understand why it is needed. (Because Titan is hiding a buyout to its shareholders???? Sounds crazy.)
So then you tell shareholders after the reverse split that it was a goal of Medtronic’s. Shareholders go holy shit!!! Why would Medtronic want a reverse split as a milestone?? I know. They are buying us!!!!! Volume explodes and pps goes through the roof!!! Does Medtronic want this to happen? Ask ROLL. Absolutely not!!!! Then BO price explodes. Remember Mazor??
So you deliberately screw over your shareholders and redact a reverse split milestone.
Does not make sense to me. But that is just me.
Titan is either going it alone and Medtronic is not buying them and as a result, a reverse split is needed followed by a raise to get us to FDA. Or, Titan is acting like they are going to FDA alone in order to get a bigger buyout from Medtronic. Remember, Randall told me Medtronic did not buy the $18 million in shares. So Randall is lying to its shareholders as well?
At this point, we are ALL mushrooms.
Exactly monk. McNally did say the US first. That was the reason for my post. If they are ramping up hiring including a senior engineer, then as I mentioned it takes three to six months for this engineer to ramp up and get ready for CE. That’s why I was asking a timeline. Seems to me like human testing may be starting with concurrent work being done by the senior engineer in preparation for FDA approval.
I know you have more knowledge on this subject. Are you saying the device gets approved in the European Union first and they are hiring people in the States for FDA approval here at a later time?
So the hiring of these individuals does not reflect a possible timeline in the USA?
Sold them at a higher price then we are currently at. Also bought some back at a significantly cheaper price than I sold them at.
I am more concerned of the timeline based on the timing of hiring these positions.
Interesting job description for Senior Quality Engineer on Titan's website. If you understand the role and responsibilities of the position and see the words "International regulations" and the words "confidential consideration" in the job description, does it not give you a rough timeline for commercialization of ENOS?
McNally stated staffing in Chapel Hill would ramp up by December 2020. The Senior Quality Engineer would then have to develop a protocol for the medical device that could take between 3 to 6 months. Has he or she been hired? Nobody knows.
Would be interesting being hired under the guidelines of "confidential consideration". All the positions utilize the same verbage. I wonder what the new Senior Quality engineer knows that we do not know i.e. timeline for ENOS? That would be a big secret to keep for this new employee for a period of up to six months.
If you had to go the long route for FDA approval, would you be hiring a Senior Quality Engineer now?
I sold at 79 cents. Bought some back today at 67 cents and 69 cents. Do the math. That is a 10 percent savings. You do any scooping today Adrock or are you a bag holder?
And here comes the profit taking into the close!!!!
I think it is more of the constant predictions that are continually wrong. Then when they are called out on it, they decide to form their own message board but still stick around anyway. Reminds me of elementary school tactics honestly.
No. Did not turn against Titan. Just lowered my position based on the facts. Not the heresay, speculation, theories. IMO. My theory blah blah blah.
A positive member has given so many incorrect predictions since joining this forum and yet that is okay.
I believe ROLL just mentioned today that low volume will trickle the share price down.
Traders are buying and selling to make a few percent everyday.
Pumping an investor conference. Pumping Labor Day. Pumping MDT earnings report. Now we are pumping the AGM and Medtronics upcoming event. They become non events and the share price drops. Have you been living in a cave?
I just don't trust McNally. So I lowered my position.
Reviewed your posts. Seems as though we are in the same boat with some of your comments.
No. It is day traders getting in before the AGM who will dump shortly before it starts. Like the last pump and dump events we have had over the last month or so. If it is HUGE news, we would have significantly more volume. Ask ROLL.
That is ROLL studying SPY charts. Could be Adrock SCOOPEN ice cream too. Not sure.