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Isn't that what we did last year!? These absolute &$@@"# 's of a management team have taken silence toooooo far. Hello...... It's not effective. Your company is in need of money. Momentum is slowing because of it. If you don't get it together you will be in the basement listening to your mommy telling you to tuck in your shirt and you will miss the party!!! This is NOT academics. This is business. Hargrove.... Do you even know what "game on" means?? You're acting like you learned the term in prison and you're now some one's bitch!! I am thoroughly discussted that we are at this PPS at this time in a company that seems like it should be a sure thing. A lot of people hurting here and they do nothing it seems. How about giving current shareholders some future warrants for the loyalty of supporting Titan? Instead of giving them away in desperate money raising efforts!
I think that it makes sense that they incrementally raise for two main reasons... one as was said, they can raise more with a higher PPS as timelines tick by successfully. Two, they are setting themselves up for a buy out to the highest bidder. To me, this behavior rules out any MA soon. They are saying, "We are here and available, and if you don't want us for this $_____ , then we are set up to go it alone or until the next buyer is interested.
With the money needs that they laid out, has anybody looked close enough to see if it takes into consideration meeting warrant price execution?? Because they are in a position to not know how much they will really need IMO if the PPS is this unsettled or unpredictable...
Gittyup!
Literally laughed out loud!!!
That is exactly what it is. Titan got attention from the days dramatic and poor performance. They pull the last financials and mock up an article. Hell it could be computer generated. But this is not 3rd quarter news.
But atleast your having fun on the boat! And my hopes are to have enough money to pour into it when needed without concern! Yes a real life crap investment with money, but an amazing investment for the soul.
We have all been under the opinion that this is the "non-penny stock" penny stock. Under the distinct impression that this is a company coming out with the real deal and we have been lucky enough to "find it". I have been burned on a few penny stocks with promises they didn't deliver on. Titan wants to play with the big boys and should by all accounts be able to, but they are acting more and more like the typical penny stock. Of course institutional investors do NOT give penny stocks a second look. Mgt better start realizing that their actions could be the downfall or success of Titan. The technology is NOT enough. You have to finess this thing with proper attention. They need help IMO. It is clear when your base has lost confidence. First we talk about it. Then we act on it. If the end of the year does not bring good tidings, the sell off will begin. The losses will be accepted. More dilution will come. The price will dwindle. SPORT WILL BE A MEMORY. A waste of potential stuck in some research broom closet. And a lot of bitter investors!! I would rather have that sailboat and a party in Vegas! So with all due respect Mr Hargrove, get "game on" and if you can't do it get some help or get out of the way! You have a ton of support out here....
The shear volume today was unprecedented for Titan however and maybe that will bring some attention from new investors. Reaching for straws... Great product. Great potential. Great science/engineers. I hope that is enough!
Expecting a free pass from all of us while they enjoy a nice little Christmas/New Years
They could have followed the distributor announcement with several other non binding announcements of progress. The buzz would have taken it well above warrant issue levels! We went up .25 in two days and only had .25 more to go!! This could have been there. This is baffling behavior. So much so, it makes me think that there is something else going on.... They can't be this stupid can they?! I hope next week we get some explanation for these antics. I suspect we will not. It will probably be a 5 sentence summary..." we are proud of the progress we have made. We are close to completing a build of initial units (when? How many? Where are they going?). The shelf financing was successful to support on going operations. We are excited about the potential to work with our potential chinese distributor. We look forward to 2016. 1,2,3,4,5 sentences...... THANKS TITAN!!!
Which is why they better smarten up. The SEC will investigate this kind of crap. I was wondering if the freeze on trading today was because of that. Luckily it wasn't. But this smells bad to investors. It makes it look like an inside ploy to make money. All you have to do is look like you might be doing something illegal to get hit with an investigation. IMO this was f'n stupid. I have very little respect right now. Unless they come out with some terrific news soon, they have just lost more reputation. After a point, good PRs don't work because people just think you're a bunch of idiots. Sorry Hargrove and company, you boned up big time here.
Who, what and why is the questionssss? It is almost time for me to stop looking and just toss the coin in the air and look at it in 6 months. This is just impossible to calculate it seems.
So is this just the result of long tai buying common shares from the agreement?
Wtf! They were so close to making warrant money good. Why do this? Truly odd.
Titan would be smart to release another PR. The best would be a pic of a completed SPORT unit. PPS would fly with a one two punch. Other options:
Deal with Apollo hospitals still in effect
List of hospitals for placement of research units
Application for CE to be started in Jan
Manufacturing agreement facilities in USA and China
Who wants a SPORT for Christmas campaign!!
Just some ideas...
That is interesting and good info. Specialty hospitals are what others mold departments after.
It's going to be interesting to see
I'm kind of hoping a little higher but fear to speculate too much
I have tried to let this latest news really sink in. I have read everyone's posts and there is merit to the jubilation and the criticism. We can pick apart any deal or potential deal and think of whether it is best or competitive or if it rules out or makes more realistic a MA deal soon. We have talked about lots of PR that we "want" or "think" we should hear, and this came out of the blue!! I say we all pull back and look at this forest... not the proverbial tree. Titan is one of a hand full of companies that are developing a competitor to ISRG. We are developing a system that is what the customer wants in every degree. MIS more than any other. Cheaper or cost effective for today and tomorrow's market. Integrative touch screen software to track usage. WE NOW HAVE A DISTRIBUTOR AGREEMENT WORKED ON IN CHINA. Do the others?? NO. We are at the beginning of several news worthy PR bits. SPORT is going to be in the know and PHYSICALLY sitting in hospitals for clinical research in the next 2-5 months. Papers and PR and investors getting a GOOD look at it. We have been drifting in this 1-2 PPS for a long time because we have had nothing but HOPE. This IMO, is the start of more than HOPE, this is forward movement on a scale that is new to us and I believe it this start to a steady rise. A staircase that will take us each to whatever floor we want to jump off. Monday will be players and possibly intentional sellers to keep down excitement. Remember that there are people that want SPORT to fail. But they can only do so much... In the end it is SUPPLY AND DEMAND economics and I think we are in at the right time, and I think warrants will be fine. A lot can happen in 4-6 weeks... I am feeling good. GO TITAN!!
I think that much of the discontent on this board has to do with expectations.... Of course we expect things, we are investors. But I am talking "quick money" expectations. I am one of many who thought there was no way in hell that this wouldn't be at 3-4+at this point. We invest with what we shouldn't be able to lose, but..... I will just be honest and say I thought this was SUCH a sure thing that I added and added at these low rates over the last few months and now I am heavy, in fact, more than heavy.... I am fat. The emotions run high when a "sure thing" is going the other direction!! Like a horny teenager watching the girl in red walk away!! Stick a knife in me!! Yeah... this is hard to watch. BUT (and this is a big BUTT), I am holding strong. When it comes down to it, I may not like the play by play, I may not like the direction. I DO like the outlook. I feel confident that I will succeed in this investment. My gut tells me to stick it out. The evidence of options tells me there is a VERY good chance here. But I must say, IT IS NOT EASY. I wish everyone success here and think that we will be rewarded despite the current sentiment. It all comes down to looking at the other options. NO RED DRESS looks this good! Simple as that
All good points. I am down significantly too. I have to say I am glad I don't have warrants because the heat is reaaaallly on for you guys. At this point, I wish us all but especially you guys luck! The next 3 weeks will tell the story...
If you really look at the motion of the arms, it is NOT snake like robotics. The arms are straight stick with an extra bend point to "look and function" like snake arm. Not that I know if one will practically work better then the other... But I suspect that Titan has more range of motion. Especially given the latest patent approval that was given to us.
The ISRG rep here told me a few weeks ago when I asked, that the delay in launch is because of cost. Their single port, which ONLY is an attachment to the xi and not a possible independent system, is too expensive when compared to upcoming competition. They are "trying" to figure out how to cheapen production to be competitive.
It is certainly possible that they recognize the advantage Titan has both in cost and technology. If ISRG had the IP of titan and could use it as an attachment to the xi system and also offer it in independent form, ie SPORT, ISRG would dominate all areas of endo/microsurgery and would be much less concerned with the latest competitors. There systems could be placed everywhere before any one else had a chance to sell.
I like the 1:2 ratio talked about earlier but think 1:10 sounds more realistic and because of that probably 1:20. Or 6 BILLION LIKE SUCK SAIS SOUNDS GOOD TOO!!
A question for the board... How much money has Titan spent at this point over the last many years to get the tech and SPORT to build completion?? ALL money spent... Because that is a question any buyout will have to know. The time will be one factor and the money the other... A profit thrown in of 2-300% and we are looking at numbers that anyone would consider reasonable... THE ISRG rep was asking me if I knew... His guess was 500 milly (I truly hate that abbreviation by the way!). I didn't know but thought it was high...
I agree with most things. But what got me most is when they advertised that they had fully funded too completion... I convinced family and friends and myself to buy more. Now we are almost out of money?? If not so it is because of a MA or Warrants being exercised. So a PR would be almost necessary in the net two weeks to keep honest to that advertisement that led to many investing more. The other thing is the fact that many more companies are coming out. I know of over 6 to be out, supposably close to the same time line as SPORT. Better?? I don't think so but don't know for sure. So answers from mgt on why we are better would be nice! Because I am invested here. And have been for 4 years. And I will be for a couple more. But I would like to know how heavily invested I should be. The longer I don't have good info, the more likely I will pull back on my investment. This of course hurts Titan when many others feel the same way. Blind faith can not cut it. There has been a lot of DD on this board and a lot of excitement and fear based on it. I just think in the end it is odd that they will not press that they are speaking at a conference this weekend. Why not?? Even if the market didn't care, why not?? Maybe the market would like it and we could eeeek away from 1.0 and closer to some warrant prices. Why not??? I am baffled by the silence in this regard.
Yep, I was hoping big, but my expectations are now on the floor...
Good points BK57, but with the idea, DO SOMETHING!! We are talking 5 weeks here!! Maybe they are waiting for legal to come through about the particulars of a partnership?? Maybe they are going to the shelf and there is no need to let down the angry crowd too early?? Having the feeling that the ultimate announcement will be the 2nd week of November. I hope we hear what the presentation this weekend is...
It looks like the IP could be from any company that advances on the Raven concept. I am not sure about the legalities of it all or what is possible, but it appears that the Korean company associated with it has developed things above and beyond. The one article also mentions that a company in London is using the platform to transform a new micro-surgical MIS platform. The point being that Titan isn't the only one that recognized the potential in this space and we are finding out about a lot of competition. There is the Nebraska project, TRXC, Samsung, another Korean project, the London project.... I hope Titan is ahead of the game with the usable technology and has used that position to talk to the right partners with deep pockets.
Today at work I thought it was almost in the bag. In talking to the ethicon rep, I really was convinced about the future MA of Titan by jnj/google.... But now looking at the research i have done on the Raven private spin off, I am not so certain. I had looked at the Raven II before and took it as a bulky academic open teaching platform. But Applied Dexterity and this KIST(Korean private spinoff) I found makes me realize it is not the case. There are many possibilities out there.... Like you say, there is room for a lot of competition and I hope Titan has a plan worthy of increased PPS.
http://applieddexterity.com/wp-content/uploads/2014/05/Applied-Dexterity-Press-Release-May-21-2014.pdf
http://koreajoongangdaily.joins.com/news/article/Article.aspx?aid=2996777
Today, I feel very confident that we are going to be ok. I talked to an Ethicon Rep and asked about robotics futures with JNJ/ehticon. I discussed it casually from a perspective of an uninformed person interested in the future of robotics. Asking what is going on... Do you guys have your own platform? When will it be out? How will you compete with ISRG? The reps answer: They have been talking about it for a couple of years now (he was very casual). They bought the IP he thinks from a small company who's CEO worked from Ethicon. I asked "what company?" He said they have not revealed it but there are only a few options that it could be.... It is very secretive but he bought stock (just as an investor) in the only three options that employees thought at the time (he is not actively watching his investment like we are). TRXC (I was surprised he mentioned it at all), MAZOR (he said didn't pan out well for him) and this Canadian company (he forgot the name in the moment). Then he said Titan. Yes, that is the one that most think it is internally. There CEO was a prior executive here. "They were cheap at the time around $2.... As if i should maybe check it out. He seemed to not be interested in the current news, but had heard nuggets along the way and reiterated that management is tight lipped, but that they want a smaller platform that is cheaper and that they want to go after the full market.
I know nothing is for sure. And we speculate a lot. But this was NON solicited info in a casual way. Titan came up as an insiders best bet. IP "already purchased". Some people just don't look at things like this as an investment, but have revealing info. His casual nature and demeanor could also mean he is misinformed, but it sure sounds like they have talked extensively at the very least.
I think SPORT is there. The multiport is sidelined but will be reintroduced. Google/jnj will partner improve upon in the future and sell the shit out of this new robotics platform and the main question is, what kind of agreement will it be and how does it translate for Titan investors???
I would buy more boys... the ship is leaving the dock. Banners, flyers, and confetti!!!
It was clear from the very moment that JNJ/Google kicked off the idea of robotic surgery, that they were going to assume another tech and improve on it. Yes, you can spin words to whatever way you like. And that is what lawyers do. There is always a way out. But that goes for everything Titan has said as well. The speculation is fun and to a degree very irritating when you have money on the line. Or when the main message changes completely! But overall it is fun to speculate. I said this before and I will say it again.... WE WILL NOT KNOW UNTIL WE KNOW...
Some speculators on here treat it like Las Vegas odds. I think this is great! Futures are bet on in so many areas and there are great "speculators" out there. But those that say, they "know" instead of "think" or those that say "impossible" or "it's foolish" are indeed the fools. Not because you are wrong, but because there is no way to know you are right!!
The banter of attitudes does nothing but make our board look childish and takes away from good information for those searching for it. I believe in Titan. I look at the other systems out there and do not feel, as a working anesthesiologist who works in the trenches every day, that any of them compare to Titan. But I have been wrong about many things in my life. I am laying down all my cards on this as well as others. I am hoping we don't get burned, but we know it is entirely possible. But it is ALSO possible that Titan "partners" with Jnj/google and they go after the market with the best tech and most money of all comers and ISRG is scared shitless! And the others slowly die out... My personal lottery dream. But there are many other scenarios that I could be happy with!! I hope we all win to some degree.
You say a lot here, but I just have to say I disagree with your reasoning. Design freeze will be way before next July. NO robot will be "closing" any time in the near future. We are WAAAAAY far away from that. Silence does NOT ONLY mean they have nothing to say.... I am not sure what they will say, but there is a good chance that they will say something soon and it will be good. As to when the will display SPORT front and center???? That is a good question and some here have eluded to the frustration of it not being celebrated in a high exposure arena soon. Or as far as we know...
I also agree with others that have said that if they dupe us again, as some felt last year, they will have repercussions to deal with... serious ones. !! I think they are not that stupid and will not take that chance...They have the real deal and they will be letting us know about it soon IMO.
I still say that the financing last time was potentially bought up by ISRG... Knowing that they could either make a lot of money, or sell sell sell at prices like this.... stay even with their money and drown out the competition or at the very least delay it, and....make a lot of money. If I were CEO of ISRG, that is what I would have done. F'ers.
It will be (horribly) interesting to see what the offering dynamics would be like this time. No reason for a financially interested party to just buy stock... we are too close. Only a disinterested party would want to buy it all up. Then sell, sell, sell. That is my pessimistic view of business. I hope of course they just put out some good news and the PPS goes up at least 50 cents and we don't worry about anything but warrant financing/dilution which should be already factor'd in. Then have it go up again in 3 months with the CE application and human trials studies commenced.
Yes.... we are going to see soon.
Microsurgery is any surgery that requires a microscope or "better than your eyes" ability to see and do the work. My wife did a fellowship in microsurgery and is a plastic surgeon. She mostly used her skill on hands and nerve/vascular repair. Some have thought to use the robotic platform as a replacement for a microscope. If a platform has a digitally enhanced 3d screen then it is possible to envision using the robotic platform for a multitude of exterior "microsurgeries". The conference is for microsurgery and endoscopic though and thus their are many talks.
http://www.ramsesrobotics.com/
If you notice the last youtube video it shows them using the DaVinci on a hand type of surgery. Not endoscopically as we are used to seeing. Academic for now, but it may be an advantage to a surgery center that doesn't want to purchase a $5-600K+ microscope in addition to a robot. The better the optics the more this is possible. I think Titan will have what it takes.
Seriously!!! No, wait, there is magic dust in the air if you get it at .99 and you will get your own planet with virgins because you are amazing. The idiots who bought more at 1.01-09 will be your stupid slaves! MUAHAHAHAHAHAHAHAHAHAH!!!!
As an investor, I look at many things. As a physician I look at many things. Comparing all factors, I think TItan has a LOT going for it. And, I am not the only one to see the obvious advantages over what are our competitors... I am nervous on one hand and excited on the other, and am "all in" as the Vegas saying goes. GO TITAN L&S!
Samsungs looks huge!
http://surgrob.blogspot.com/2015/08/samsungs-single-port-surgical-robot.html
And The console looks very busy and user unfriendly
Again, this looks ok, but as a physician, I just can't see the comparison to what Titan has... Somebody can obviously. I wouldn't invest in DLR
http://www.dlr.de/rmc/rm/en/desktopdefault.aspx/tabid-3795/
I agree. That word for word solidified it for me when it was out. But... who the hell knows. Or maybe things change based on a company like JNJ buying out a company that has their ducks in order. Maybe ISRG does and changes a few business plans?? Microline might have been the cause for that press release, but does that mean it is definitively the end product with MAs involved??
I have been searching and searching on new robotic tech trying to see if ANYBODY has anything interesting. The only thing I remotely come up with has been brought to the attention of this board before. However, I didn't know it won this award....
http://virtualincision.com/game-changer-robotics-business-review/
Maybe it is worthy?? I personally think it is not, however they have a lot of patents and have the same game plan as Titan or JNJ/Google. Smaller and cheaper... Just in a more limiting way in my opinion.
You and me both brother. There is some real hope for success here... I suspect we are not the only daily lookers!!!
Titan has done a very good job at listening to what is needed and what is wanted by hospital systems. The lower cost, smaller and more mobile footprint, diverse usability, integrated technology are all things that I see on the JNJ presentation. Yes, very good of course. But, we can not assume that JNJ has done anything but the same DD and are going to come to market with the same thing Titan found they need to come with. I would assume that any new robotic platform would include these things because that is what will fill the need. It would be great if JNJ was using Titan to achieve this, but I just don't think we can read anything into it except that both companies have done a good job at listening to the customer... and maybe cross our fingers that little Titan can run with the big boys. Patents are great, but the market apparently doesn't give a crap. Decent volume today, but nothing amazing, and no change in PPS. And if this is our once every 2 month tidbit, I am pretty disappointed. I hope that the patent now gives protection for them to release the SPORT freely