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My guesses.
This was the first quarterly filing that mentions the risk of Titan never achieving timelines as it is a tech company. Implies to me they are doing CYA work. So the timelines are also padded to cover themselves in my opinion.
Also they have the funding to go all the way in my opinion, cash burn isn't as high as accounting losses.
Ximedica is not Titan and so getting a cash injection doesn't mean Titan gets anything
Accounting manager suggests setting up manufacturing and costing processes (as it publicly states) so this implies an outsourced manufacturer is going to make these prototypes by Q1. They may or may not be Ximedica.
I think this shake out was MM driven by massive shorting and guys like Tim Sykes using Twitter to spread the word to short short short. I don't think there is any more behind it than that.
I hope we get more PRs in the next month leading upto the big Q1 announcement
An article saying now is time to buy Titan stock
http://gdpinsider.com/is-now-the-time-to-invest-in-titan-medical-incotcmktstitxf-chimera-investment-corporationnysecim-and-globalstar-inc-nysemktgsat-9077.html
Thank you!
Could you post that link again for me to hear? Thanks!
I believe you and I made the same move and trades to get into warrants and I believe all is not lost at all given they expire April 2017. If I'm wrong I will buy the first round lol
When did you think it would settle to that price?
That would be nice but I'll also take > 5MM in volume over any closing price. I'd rather have the volume set a solid base so we don't come back here in a week or month.
Thanks, let me know if I can help with anything here (being local)..
My questions are;
1) Are they confident the current prototype can do the single indication they set out to do, or is that being revised in the new schedule as well?
2) Will future indications beyond this current set require additional time or will they be like Intuitive, simply bolt-ons and software updates?
3) Not a question - remind them that higher stock prices allow for more warrants and higher likelihood of uplisting in US which brings more institutions than anything Bertner does on the side.
Thanks,
Got the same quote over the phone
That sounds like a quote from Mr Randall??
email sent to Bertner
More warrants being exercised, since Sept 30th see the bottom page of the financials.
Value of warrants exercised:
$77,736.00
$19,732.00
$157,974.00
$155,183.00
$37,377.00
$155,736.00
$157,148.00
$309,187.00
$36,852.00
Total Value:
$1,106,925.00
I really do believe there is no financing risk for this company at this exercising pace and given current cash on hand.
Oh and only 2 million cash burn past quarter. Hoping for a few more quarters of beating planned cash expenditures...
So warrants are being exercised.
Taken from the financial statements of Q2 and Q3 (sedar.com)
As of Q3, Warrants exercised = 7,191,936
As of Q2, Warrants exercised = 5,627,273
I see this as a spread of 1,564,663 between June 30 and Sept 30 that were exercised. Not sure how many more were exercised in Oct and 1/2 Nov before the stock drop. But with warrants starting to expire next year, we'll get another $5MM almost guaranteed as these warrants were given for free, and the stock should not be under $1.25.
Also something the financials showed is a lower cash burn rate than expected.
Thoughts?
I will be there
Or that the SAB found out that minor tweaks would be needed beyond software changes to allow additional indications making the first SPORT obsolete? So just incorporate now?
Did anyone see the new corporate presentation also updated today?
http://www.titanmedicalinc.com/wp-content/uploads/2014/11/Titan-Investor-Presentation-November-2014-v2.pdf
I would join a call, but am unable to PM you.
So to me this is fine but they need almost 10mm more in funding. Gotta get via warrants or another offering..
Yes it is pushed back a lot almost 18 months in some cases.. It's a version 2.0 coming out now.
I like it. Cash seems strong and this is customer feedback so we know there is obvious demand for the product. They should come out and update the increased market potential and sizing based on the expanded capabilities. Would help investors understand how much bigger a pie they are going after.
What do you think?
Results are up let's have a good read today.. Look forward to some good discussion. Delayed a bit but going after more capabilities. Seems good to me to make version 2.0 based on customer demands.. Should get the PPS higher to get more warrant money to minimize additional costs and funding risks..
I will add more on any dip here
https://ca.finance.yahoo.com/news/titan-medical-inc-announces-results-120000108.html
Warn of what? Everyone here is holding to 2015 minimum.
Googling TSX quarterly results rules you have to provide within 45 days after the quarter end, so I predict tomorrow or Friday latest.
Two things happen in my experience at 200DMA.
1) Companies with real fundamental problems - look at DDD. They cross this number and then fall rapidly due to volume selling
2) Companies that are being "traded" - I have seen this happen when a stock is shorted to 200DMA, cross below, and buybacks happen bigtime in next 2-3 days, and it hops back above 200DMA rapidly and takes off. I believe AAPL did this most recently in my book.
I believe TITXF to be #2, but if there indeeed is something fundamentally wrong with TITXF, we'll find out with the MD&A.
The stapler is confirmed?
Updated - are you referring to this?
http://www.titanmedicalinc.com/titan-medical-inc-enters-into-exclusive-patent-license-agreement-for-novel-surgical-stapler/
I would say given the doctors involved I can't see it being a P and D..
I wonder what this would mean for Titan and multi point Sport or an updates Amadeus?
I believe we should ask our IR firm to confirm if Titan is presenting at this? Would be good exposure.
Thanks!!
Can you post youtube video?
I feel that contracts should protect titan from ximedica. But maybe the MD&A will elaborate for us next week?
How much effort would it take to market Sport? In 90 days they could probably spread the word enough to sell 100 units in US leveraging the SAB IMHO. So from my very crude estimates I'm ok that they remain quiet until CE approval then go all out.
Thoughts anyone?
I believe everyone on this board is waiting and expecting for the management discussion next week to confirm schedule. You're right in that and I too am also looking for this confirmation.
Comparing apples to oranges is not really an accurate comparison. The 747 took less time to design than the latest intel chip as well, that's a fraction of it's size. Is Intel a bad company and can't bring product to market effectively? Titan has spent less overall time than ISRG did from concept to sale (assumption it's launching in 8 months)
I believe this won't happen
I guess business as usual. SV got ximedica not titan or sport and so everything in short term stays the same..
I believe there will be no change in relationship, as any contract was already written and milestones already established.
However, with additional awareness to Titan that may not have been public, this may open doors for Titan either through partnership or investment with this larger PE firm.
Tmd on tsx is cad price equivalent to TITXF on OTC. You may be seeing the last tmd trade on the venture exchange which is longer the real price. So same stock really.