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When engineering verification is done, I think the game is on... The fine details have to be verified before they let loose. WE want more now, but it is smart to keep it under wraps until then. The important thing for legal maneuvers and EU and FDA approvals is that there are no changes to the project once official "human trials" start....BUT.... THEY KNOW THIS THING WORKS ALREADY!! I believe that by SAGES, they are confident that the verification will be done. They announced they are going and that is a recent decision, because they are not yet on the SAGES flyer. OF COURSE, I may be wrong, but my gut tells me that this March is the time for things to happen. The current overall markets are being analyzed already as being oversold (cautiously). By March the markets may be more secured and have hit the bottom. Wallahhh... SPORT released in full force. Human trials commence and they know they will be successful. EU. China/India sales and by years end in Europe. This year can be very exciting if played well. They have played quiet to our discontent but smartly... NOW and very soon, maybe in grandpa Hargrove's words, GAME ON. Good luck to anybody that thinks they can guess the timing of this potential beast.
He practiced in a firm dedicated to intellectual law prior to Titan. He is also an engineer and worked in the hub of tech prior to law school. I think he seems legit and must have several good contacts in the space. Of course none of us like the quiet treatment he has apparently advised Titan management on. With engineering verification and a true design freeze around the corner, I imagine marketing will take on another level and he will be more involved in dealing with contractual issues with partners and distributors. I am so curious how they will handle Sages....
It is great to see some movement on the hiring front, but I am suspect after looking at the linkedin list of employees..
Sachin Sankholkar looks to be a real addition and a good one. Impressive history for VP marketing
Chris Seibert looks to be a real addition but doesn't have that impressive of a history. Most recently with Sterotaxis a robotic intravascular company that is currently failing investors
James Shore?? No back ground info and a cheesy pic. No obvious connection to anything Titan "quality"
Leslie Craig looks like some questionability. Truly I suspect she may not be a real employee and I hope not.... her back ground looks dismal. She is connected also with a TITAN MEDICAL AND MARKETING company, titanmm.net. I hope the SPORT connection is not real... If so, perhaps they will do something like use her to sit at the table at one or more of the conferences coming up and hand out brochures while somebody substantial talks or shows SPORT. Her experience in "end of life" care is not what SPORT needs!!!
Robert Kelley, ER nurse???
Lots of Linkedin members with no description of name/experience....??
Ultimately good things with some PR coming and at least a mini build up. Why no mention from Titan though about these positions? Have they been there for a while as someone mentioned and now we are seeing them on linkedin?? The speculation never ends, but THIS HAS GOT TO BE A GOOD YEAR FOR US!
I totally agree with you... The constant negativity overwhelms any obvious contrary points. He is the "glass is not nearly what you said it was going to be and I won't shut up until somebody fills it" kind of guy.... obnoxious. Especially to support the dung that is TRXC on this board.... "The smelly guy in the back of the room wearing some "question authority" shirt", kind of guy...As if he came up with the idea... Bravo and cheers all around for t shirt guy!!!!
It's all possible Chuflas! It's easy to see the similarities and usefulness. Glasses up to a great 2016 no matter the course we find!
All input and info is appreciated. We all have some stake in this thing. I wish all of us good tidings. Merry Christmas to all. Or whatever your celebration may be! I think we will all have a good 2016!
Comfort is key. And ask your wife to sit in the DaVinci for 2-4 hours. Your neck and back feel it because you are in a leaning forward "immersed" way. The ergonomic comfort look of SPORT was built on the comfort feedback. All surgeons I have talked to notice that first thing and like it. Stay long and strong. Your wife's concerns are not anything to worry about. I have no doubt about that. There of course will always be some that like it one way or another. Just like color or looks or sounds. Comfort in the end wins out
My guess is Longtai is a little frustrated at the shelf offering financing. It is clear that financing needs to be addressed with an aggressive campaign to get PPS up.
Also the legal talk is almost too much. It almost appears as though they expect failure in the EV of the two units by talking so much about the extensive testing before builds. We know it's true but Is too accentuated IMO. They need to exude the F'n excitement we all felt when we invested here. The units are shown. Now show us some pr. The hiding in the shadows has to stop. We need a curtain call soon.
Adding more next week as well. Hail Mary. Logic doesn't always seem to be the way of winning at investments and I just believe in this. At these prices... I can't help it. Another 12-15 for me. Almost half of one percent....
The truth is nobody knows what will sale first. The mudslinging is pointless. What we do know is that the surgeon community will not want Trxc products if they know SPORT is another option. What is great news is that verb robotics is NOT a competitor either. Their dreams are on a timeline that assures SPORT's success as long as mgt gets this out +/- a few months of the predicted timeline. Forget about Trxc. Only a bad or foolishly invested surgeon would see advantage in that. NOT ONE surgeon I've showed this to had any spark of interest. Totally different with Titan. The end user ultimately is what matters. If Trxc sells a few units first, who cares. Just because a team is up to bat first doesn't mean they win the game. They are not even in the big leagues. They are an exhibition team that will get slaughtered. I feel more about that than the actual success of SPORT.
Pretty funny Diamond! Seriously though, that article is AWESOME news for Titan! One of the big worry competitors is OUT. This kind of robotic platform not only will take years to develop but more years to regulate and approve in both the court of oversight AND in the court of public opinion. YEARSSSSS. This gives us breathing room. SPORT WILL BE THE NEXT SERIOUS PLATFORM. I'm not meaning to sound like a pumper but come on people!! Management hasn't been perfect and money is short but we will win here eventually. The scare is real. It is always scary to put so much on the line for a life changing experience. I f'n haaaate this low PPS. I bought some for short gains along with my long term hold. I'm pissed that I am losing on that, but this is golden. Just today is huge. Mayo and one less major ass rich competitor!! GO TITAN. Ok maybe a little over the top but I'm buying more
I agree. Lurker probably is an ISRG EXEC himself! Promoting the idea of low PPS and cheap buyout by ISRG! It makes sense of course and only a party to it, would deny the possibility. Last thing they want is Titan to be successful and take business from them but equally they don't want it to go down and be sued for billions for restriction of trade/monopolization of space based on force. Atleast say it is possible.... And of course other things too like poor decisions/money needs ....
Exactly. This is tweaking for a new application. SPORT is the perfect system for perirectal no incision procedures. This has huge implications for more uses of robotic surgery in general. Tragic news??? What a Moron. He even said himself it takes "several months" to do those studies. Hello... We are several months to a year from EU launch. He is delusional in his reason and logic and I just don't get why he is not banned. I suppose the response to him causes more "reads" here and helps the board top the list of most actives. Aside from that I'm sure he is wearing his underwear backwards and has food stains on his shirt while he's waiting for his mommy to wash his clothes for him.
I agree however even more important now! Not exclusive thoughts.
Interesting that I can't find one pic of the Cambridge product. Samsung's limited pics look bizarre, Trxc is stupid, Raven is very limiting, the German option is not a user friendly set up. Verb has yet to really show timeline or exacting vision (it is not even a for sure thing/many big projects get scrapped if costly and wrapped in costly time consuming research and regulation). For all the competition Titan looks very good relatively!! The current PPS sucks for a few reasons IMO
1. Lack of fully funding (after saying they were)
2. Lack of exposure (evidenced by the low volume)
3. Lack of perfect leadership
4. Maybe some end of year selling and certainly some "playing" of the price by other interests.
The future need for more dilution NEVER makes an investor comfy. I hope this year we have meaningful/tangible/touchable PR so the PPS CAN CLIMB AND GET SOME WARRANTS IN PLAY. THAT TO ME IS CRUCIAL. Full funding is necessary and we all know we should have it. But we are in the shitter instead trying to figure out why. Hargrove better have a plan or just like any good ship, this could go down.
Yes very interesting
That seems to be the understatement! It's pretty amazing how small the robotics world is. Also very encouraging to see supporting comments by someone in the middle of all of it. I would love to pick his brain!
That is a very interesting point. The untraditional purchase opens up a whole new arena of possibility
I think SRI looks like an incredible company with many resources and project development departments that will take any of the below links and create their own system with JNJ/Google collaboration. I think The JNJ/GOOGLE/SPORT MA is now off the table, and the story keeps growing with time. SPORT also is an awesome tech that is here and ready to be tested and distributed this year. That is what excites me. If the testing for SPORT over the next six months goes well, then we are of course set to be a formidable player....but certainly not the only player in the future
https://www.sri.com/work/projects/real-time-tomosynthesis-and-stationary-x-ray-source
https://www.sri.com/newsroom/videos/topic/149
https://www.sri.com/blog/manufacturing-next-generation-robotic-manipulation
https://www.sri.com/engage/products-solutions/m7-surgical-robot
https://www.sri.com/work/projects/arm-h
Ultimately until we see the other platforms, we have to assume anything is possible. But it just seems unlikely IMO when looking at everything. The more we know the more the evidence stacks against SPORT being a platform for anyone else. I think it would be more likely a purchase from a company that wants to get into the space but with a fully finished product... That would be when SPORT gets EU. I would imagine that mgt is going forward with all options on the table from MA to going it alone. I wonder what PPS/buyout they have in there mind as acceptable.... The Billion dollar question
It would be a very odd motivation to make up this story of "getting to look at the SPORT and maybe provide insight" and then disappear. Why not just disappear if you are bluffing for a pump and dump? You can always change to a new name... doesn't make sense to me, but maybe a few of us are pathological and do not run on logic or sense!
I also am wondering what has happened to Warren Robotics with the new Verb Surgical announcement. I have tried to dig a little and IMO it seems that both Verb and who they are using for the platform SRI have indicated that they are creating the system, not acquiring a third party. If you look at SRI's site and go through all areas, they develop... However on both career pages it appears that they are both hiring for a ton of engineers to do this development... My impression is that they are excited to be starting something special, but in no way does it look like they "have" a system. We know this takes time and SRI is still developing in another department the imaging tech that they elude to. Below are some links to do your own DD. I would be interested in others opinions.
http://www.verbsurgical.com/careers/
https://www.sri.com/blog/sri-international-engineers-new-robotic-technology-verb-surgical
https://www.sri.com/careers#
Titan has SPORT essentially finished. The testing and selling will be done this year!! Patents needed are both held and protected in combination with Ximedica work. SPORT will come out first and hopefully within a price point close to what they are advertising. There is no sign that the Verb program will be as cheap. Tech is expensive... If we hit the timelines this year I believe we are in for an exciting year!!
Great reminders and worth rereading! I think we are in great hands with a great product in a rapidly growing area! Thanks for the post
It looks to me that Titan is setting itself up to go it alone, but they are not having so much in the coffers because they fully expect buyout//merger options of which they will take if "good enough."
In the end, if Titan were to go it alone.... Despite the other competition brewing up.... They are targeting a market with Longtai/Asia to get a foot hold. THERE IS A LOT OF BUSINESS out there. It is obvious that ISRG will be the big dog (or sumo wrestler) for many years. The JNJ/Google project will no doubt be significant, but we don't even know what it is yet. The other products are no better and some far worse (surgibot/surgijoke). They are on the same time line or even further away. There are none that appear to be cheaper and most more expensive. We are on the verge of a real working product in the field of MIS/ROBOTICS. This market is predicted to grow by 4-500%. The world wide market has room for more than one or two or three hamburger joints! Titan will be a great investment if management can just keep the company financially afloat and release a product.
My dreams of the only real competitor to ISRG and PPS of 100+ seem to be dead unless we are in for some big surprises... But I still do not see any reason that Titan couldn't grow to be 20% the company world wide in the next five years that ISRG is currently. Even at 10% of ISRG, the Titan PPS would be around 15 depending on how dilute we end up. PPS of 15 in 4-5 years is a 2000% gain from where we are now! AND THAT IS ENOUGH FOR ME TO GET A F'n nice boat to meet you all in the Caribbean fully retired.
I am not happy with the exact direction and decisions that mgt has made, but they are on track for significant success. So I am LONG AND STRONG even at this $^%#& PPS
I'm good to go anywhere on my new sailboat. The final PPS determines the size!!! Much prefer the blue waters, but if Vegas it is.... I'll bring pics
They are obviously very cautious with legal maneuvers. The verbiage used explains that this is NOT final because it can not be considered final until it has full approval by EU/FDA. EV is for the purpose to begin human trials. It may or may not need to be tweaked along the way. First EV then Gov clearance for official sales. Then is when they can lift the legal jargon. It means nothing now except to show they are exceedingly cautious for legal reasons. Thus the quiet campaign. This is great stuff.
I have to say, despite the current suckish trading, that work station looks damn good!! We have a product now that will be put to task in a few short months! We are a REAL company with a very big deal product that is making other companies take notice and sign on with. All the negative chatter of late is also real frustration but at this time, I suggest we let it go and let Titan get this thing going. This being the only significant board of discussion on SPORT gives legitimacy to the words said. Everyone needs to do their own DD but this board is part of it. New investors will be coming for sure. If all they see is overrwelming negative and harsh criticism it may make them second guess investing. We are in something that has a real shot at a 1000% gain in a short period of time. I hope we all enjoy that or more in the next 2 years.
Again, I agree with the PPS activity. It doesn't take a whole lot of money from a VP at ISRG or Google to suppress the PPS. It will rise when there is large scale exposure and the buying pressure is much higher than that created now. Who knows when that will happen, but it is painful to watch obvious manipulation in business. I think it is enough, though, that it should be researched by Titan mgt for possible restriction of trade. THAT would be a big violation if proven. Plus give Titan a lot of free exposure from news press.
I totally agree. No investor would be selling today. If you need to pay bills, pay them late and let this ride a few days for goodness sake! People selling have different intentions IMO. THEY ARE EITHER JERKOFFS OR RETARDED. Until more money has their eyes on this it will be manipulated by those with alternative desires. I think until the volume hits over a million a day consistently, we will see the bizarre pattern of PPS.
Just medicated myself with a run because of the same thing!! Now off to work because we are only up .1!? Good stuff though.... Looking forward to the visual of the total system!
I know part of it is... I'M TAPPED OUT! In September/October, I went in as much as I could tolerate expecting the rise to come. I timed it wrong obviously... But I suspect I am not the only investor in this situation. I wish I could do more, but.... Until, we are on the cusp of our first sales report and I know it is good, I can not justify more risk than I already have. It is already more than I should!!! BUT, I LOVE THIS NEWS!!!
Followed by a full story of successful completion and plan for testing. Where, When, and Who??? Stock 1.81 (my break even). I feel like a kid asking for waaaayyy toooo much. :/
Although private, Cambridge Robotics is playing quiet as well. No pictures, no details in the release. There is frustration because we are public and feel like we SHOULD know more. But if I were a private investor it would be just as bad. I sure hope Titan is a better technology than the tech coming out as competition.
I bought 750. It is all I had in my retirement plan not already invested.... I WIIIISSSSHHH to be able to by more at these prices. Oh well....
I was just telling a coworker that I was unhappy with mgt.... That when (if) I get to break even I was planning on reducing my stake here. I'm too heavy and have really lost confidence. Worried that many others are thinking the same thing and that selling pressure might keep the PPS from rising as it should. News and updates like this keep me in feeling more positive. This may not move PPS up past a point, but when the time comes that we do, it might be something that keeps people from "breaking even" or taking small profits. Good stuff. Thanks for posting
Billionaire Marc Cuban has a different investing strategy. If you believe in something, invest in it. Don't be cautious. Don't diversify in too much. If you believe in it then go for it. Diversifying is convincing yourself you don't deserve a high return. If you don't believe then get out. This past month has been difficult for this type of strategy because I'm not sure what to believe! Except maybe this is how one becomes bipolar! Still in heavy and hoping that things get more clear. Wtf. Go Titan
I will say it is a common stereotype. I have had many people tell me, "let me manage your portfolio, Drs are famous for losing more money because they feel they can just keep working to make it back" I hope this isn't my fate in Titan.... Of course there are examples of anything, but the stereotype is true...
Crap. That explains a lot then! I WAS doing well before this last year dive.
All very good questions. I wish we knew the answer or had somebody that cared enough to tell us!
I still feel very confident that 2016 will get us back to break even or even above 2. But a there's been lot of headache if that is all she gives us
What really burns me is that I gave this stock as advice to family members. Trusting in my DD and really thinking I would help them earn a little extra in their lives. I can afford to lose more and am heavily invested here. I feel horrible for them and feel I'm going to anti up and give them the money they invested. Just to keep trust and faith. I have never suggested a stock in my life to friends/family. But I did here... Starting to lose my faith to be honest. For me too many dreams of PPS of above 20 and I really started to think and plan on it. Stupid of course counting your chickens, even if just mentally. This is just disappointing. Will this go to .5?? If I sell, I'm pretty sure it will go to 10 overnight. I'm not selling so chances of it going to .5 are pretty good.