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I find it ironic that I no longer worry about dilution of shares. In fact, I almost welcome it in the sense that I can steal a few more cheap shares before the show really starts.
GLTA...
Thanks CUIN. Thinking of adding more at these levels. Downside risk seems pretty minimal here. Of course, anything can happen at anytime...i.e IMRS
Hey CUIN...I haven't been paying too much attention to TLTFF lately, but are you still big on them? I still have my shares, but more focused on Titan and GALE these days.
I still really like the story here...
Insert puff piece by Turdstein in 3...2...1
I'll say it again, but Medtronic is the lead horse in all this M & A talk. I've been saying this not because I worked with Omar's son here at a med device company in SoCal. Although, I got a good feel on how he thinks.
The reps I've talked to have not been shy about there interest in getting into robotics. They have been saying it for years now.
With that said, I think it's time to pick my old co-workers brain.
GLTA
Why do I fear that we will soon be seeing Sherry on Shark Tank peddling for cash with those dopes.
My other fear is we will finally get close to the finish line (after all this time) and the global economy will take a massive dump. I hate to say it, but I think I would be ok with $10-15 buyout.
And yes, it will most likely be Medtronic. Omar Ishrak is an aggressive CEO always looking for growth. COV deal is done and Inv/top shareholders are already asking what have you done for us lately. At least what my "sources" are saying. Robotics has always been on there radar, but the luxury of time is no longer there.
ALL IMHO and Good Luck...
Your just about right on there sales numbers, and also right on a partnership. Not feasible for any type of buyout by Applied.
Worked at Applied for 5 years. Definitely created a nice niche in MIS, but terrible place to work. Mgmt and owner are as shrewd as they come. I would be hesitant to enter into any agreement or contract with them. If Titan does I just hope they have there lawyers review it thoroughly.
And yes, Fowler is on the board and has been for sometime. The two companies are very familiar with each other. Hargrove knows them personally as well. Would not be surprised if they do enter into an agreement, but would prefer someone else. Cardica would probably be tied to any deal as well, since Applied owns a good percentage of them.
GLTA
Thanks DD. Pretty pathetic actually. Although it could explain why the sell off the past week or two. People (including me) were expecting this update in Q1. Now we potentially have another 2 months of silence.
Is May 10th the meeting that some of the people on here are going to?
The Manhattan Project wasn't this secretive...
Randall specifically said at the end of Q1. JH did not get too specific, but alluded to the end of Q1 as well.
Has anyone spoken with mgmt lately? I normally can get JH to respond, but no luck the past few weeks. Is there any type of silent period, or market rules before a major company announcement (milestone), etc. I could see before an earnings announcement, but not for normal business updates, etc.
Regardless, this milestone better be very good. So far they have not been truthful this year about updates and having the best interest for there shareholders. There words not mine...
Still long, but I want to see something tangible at this point.
GLTA
JH alluded to there being an announcment at the end of Q1. It should be a seperate announcment in March. Randall also said the same. Although I'm sure they will milk it to the 25th hour and announce on March 31st at 11:59 pm.
Bertner's 20k at work...lol. Better then nothing.
Thank's IITF.
I still don't believe this is anything but trader/technical driven. There is a huge gap between 1.15's and 1.80-90's. Some small speed bumps in between, but usually nothing to keep it from big gap ups, as well as down. I would love to be wrong and hope something is brewing behind the scenes. My guess is someone flinched and it started the races upward in anticipation of Feb and March (more for March's announcement). I'm a little surprised it started this early, but were already in Feb so were very close to getting some updates/news.
I really hope we settle at these levels. I also hope mgmt has a IR/PR strategy/plan for after March. There is a big gap between Q1 and Q4.
The recent activity does raise the question, what the hell was Randall thinking? I really hope his options were expiring and he didn't have a choice.
GLTA
Maybe people are finally getting a clue that the change to multiple applications has increased the value of this platform/company tenfold.
Not to deflect from Titan, but are you still high on YPPN?
Nice to see we have a pulse again. I wish the volume was bigger, but I'll take it. Ending the day at 400k+ on the volume would be a good sign. Not looking like it though.
Agreed, but mgmt made it more than clear that Bertner would have a more active, transparent role going forward. We'll see...
I don't believe anything is really up right now. When you've done absolutely nothing for months your bound to go up 4-5% on "decent" volume for one day. If there was something going on we would see much bigger volume. Although, it does look like there were a couple big buys today.
If nothing else, let's hope this is the beginning of a slight uptrend in anticipation of the milestone update in March. If so, it's starting pretty early though.
One last thing, were concluding January with no news, PR's, etc. Not the start to the year I was hoping for, although I believe they are milking the anticipation of March's news. In there minds, why release news now when we don't really need to. Feb 12 we'll have a release, March we'll have a "big" update, etc. I can see them holding off until then, but if April, May... continue to be silent that will be very lame.
I understand them putting a muzzle on Bertner when you haven't announced the multiple applications yet, but there is no excuse now in 2015. I'm not whining for news, I just want them to back up what Point and others have been told directly from them, including me
Still Long and Strong
I agree with your assessment chill. I did not read anything more into it other than it was like a trophy to him.
This is what Hargrove told me when I spoke with him in December. We were talking about ISRG as competition and he stopped for a moment and said (in sort of a proud tone), "I'm currently looking at 31 resumes from Intuitive reps sitting on my desk."
For what it's worth everything Point said in his article was consistent to what John told me. Of course I only covered maybe 10% of what Point got.
GLTA
As of December there were 31 resumes from ISRG reps on JH's desk.
HC - I don't get why you are so worried about financing right now. You would think Titan is sitting on 2 million right now. Even if costs rise to a million and a half a month they are still good for over a year and a half. So much can happen during that time. I'll be a little shocked if we haven't been purchased or partnered up by then.
If pps is still where it is come middle of 2016, then I might join you in the hysterics, but for now it's like tenth on my list.
Remember, if they want to pump this baby up they could do it in a heartbeat. A couple pumper articles and an update/nugget or two from mgmt and were above 2. There is no need right now (at least in their minds).
GLTA
Also...I tend to believe that there might be more "nuggets" in 2015 then were anticipating. If 2015 is going to be as much of a bore as we think, why wouldn't they (Hargrove, Reiza, Fowler, Wolfe, etc) wait to buy towards the end of 2015? If Titans pps is dead money this year why did the big 3 get in a month ago (roughly)? Surely Fowler could have made money on his 100k elsewhere this year while Titan's pps sputters around.
Are these guys also terrible money managers???
HC - Your right, that can't control everyone. I'm sure there is a gag order in for all those involved, but certainly no guarantees. I'm not really concerned about Paul. I would think he wants both of these companies to succeed. That's a major lawsuit coming if he was involved in something nefarious between the two.
Again, I'm cautiously optimistic for March. Randle was more than clear in his excitment for this milestone release. I also believe the recent insider buying is a positive reflection of what might be released then. Remember, they have a small window to buy or sell throughout the year.
Well, I guess when it's all said and done one of our "theories" is bound to be right. I think we've covered just about every possible scenario.
First off, let me state that I am perfectly fine with any criticism of Titan on here. I think it is healthy as long as it is respectful (at least when contacting the company directly).
However, is it possible that mgmt knows exactly what they are doing? Is it possible that they know what they have, and the extreme value of it? We are quick to mock and call for the resignation of the so-called "hillbilly", but apparently he managed to fool J & J for decades. Despite Reiza being the brain child behind everything, his silence must mean he is out of touch and probably playing solitaire on his computer everyday. Fowler is the only one we give credit to, and rightfully so. Is it possible these guys are as bright as there resumes say they are?
It is more than obvious at this point that they are very committed to this silent treatment. So much so it has become annoying at times. However, is it worth considering that they truly do have something special and are doing what is ultimately best in the long run for Titan, shareholders/investors, and even themselves? The silence is so important that losing millions (on paper) is not even enough to get them to change course. There must be a reason, no?
All I'm suggesting is is it worth considering the fact that these guys might actually be very bright and know what they are doing? I'm in no way giving them a free pass, but maybe Hargrove and his 40 years in healthcare is not that much of a moron after all.
All I know for sure is that they are going to extreme lengths to keep this puppy under wraps. We only have two explanations: are you in the camp that believes they are in way over there heads and completely clueless, or are they doing what is best to maximize the payout for all those involved.
I tend to believe the latter (Although let's see what happens in March).
GLTA
Up .06 cents (4%) today. That's way too much for Turdstein to handle. Expecting a temper tantrum hit piece tomorrow from him.
Not a surprise. When I talked to Hargrove in December I asked him if they still needed the accounting position considering the new timeline. Absolutely he said, because hospitals are done with 2015 budgets and are now working on 2016's. He made it seem like a very important position to fill.
I may have mentioned this before, but just a reminder.
Has anything negative ever happened to TRXC and/or there stock price in the past year or two?
Good Lord...
Yahoo shows TITXF up .30 (25%). Assuming it's just a glitch.
Not sure why additional financing is a concern right now. They have more then enough for a minimum of two years. Even if costs go up to a million a month. Not relevant.
The only thing of concern is the milestone update at the end of Q1. The pps could bleed to .75 cents for the next couple of months, but if they deliver (as several have indicated) the stock will be back above 2 in a few days.
However, if it's lackluster I will have to rethink my strategy.
GLTA
When I spoke with mgmt a couple of weeks ago I asked them straight up about the open accounting position. I asked if they are still looking for someone right now considering the new extended timeline. There response was an emphatic "absolutely". The reason being that hospitals have completed there 2015 budgets a long time ago and are already working on 2016's (i.e. we need to have all our ducks in a row for selling in 2016). At least that is my take away from that quote.
I get the feeling every time I talk with them that they are further along on everything. This is just my opinion and the vibe I get the few times I have talked to them.
Merry Chistmas all...
Not really, a nice comeback will be when it hits $10.
Zero chance at any lawsuit Honey. Maybe if they had shelved SPORT for something new.
A lot of negativity out there. I get where you all are coming from, but I'm just not there yet. After talking to these guys I'm excited about Q1. The milestone update should be great, and we should get other nuggets as well. If Q1 ends and mgmt presents us with a turd, then I might be changing my tune. Let's not forget that at the end of the day SPORT is way more valuable now. The investment/product we all invested in is no longer a one trick pony, but something that potentially can compete with ISRG as a complete robotic platform (although a buyout will probably happen before this).
Not sure how much lower this goes. The rsi holds up every time we hit the bottom. Expectations are crap, the slightest decent news should give us a good pop (see sympathy move from TRXC). Although CUIN is right, no news during the holidays.
Also, tax loss sellers should be scarce at this point. If the tax break was your goal not sure what there holding out for with only two weeks left and a very low pps.
GLTA
They made the decision to go to multiple applications well over a year before the announcement. This was not a last minute thing. They have also been working on the new applications for over a year now.
FYI...
One could argue TRXC's activity the last couple of days validates Titan's silent strategy. Look how fast it took TRXC to turn around...two days. Titan knows they can release big news at any time and get the "pop". It's a poker game right now and any big news they can release is there trump card.
It's a lot easier to hold your shares knowing firsthand what you have in your back pocket.
Bottom line, we've seen it before and it will happen again. The up days will be quick and big. You could also argue that for the down days as well.
Again, for the record, I would like a little more transparency. Although, I'm not losing any sleep over the fact that there not.
GLTA, and let's hope we can hold onto any decent gains today. It's way oversold, and should also get a sympathy bump from TRXC. Your average moron can correlate TRXC's news to Titan's future.
Good call Slick, although I'm a little jealous. I think I might be able to pick up some more in my Roth tomorrow, although just 1,000 shares.
The RSI is ridiculous right now. Is it really going to hit 25, or even 20?? Maybe, but that would be obscene oversold territory.
As I've been analyzing my overall investment in Titan I keep going back to a simple question. Why did Fowler and Hargrove recently purchase a chunk of shares? Why at this time? With a new extended timeline at least two years out, couldn't there money work better for them elsewhere? They know where they stand. They have the inside info we desperately want.
I believe the announcment at the end of Q1 is going to be big. I also believe we will be getting other updates as well in Q1. The good thing is everyday it bleeds red, there losing money too. Do you think they like losing money? Of course not, there human beings...it's what seperates us from the animals.
I guess the other side of this is maybe they thought with the added value of multiple applications, they expected the market to account for this as well. Not realizing that time plays a huge role in investors decisions. Although this extended decline is more tax related then anything else.
If anyone talks to management soon, ask them if they are surprised where the pps currently is.
GLTA
Interesting...A long while ago someone on here mentioned that Applied could be a potential buyer of Titan. I think this could have been true, but they are way too small. They only have about 300-400 million in sales a year.
Good point on the patent expiration. At this point, anything is possible.
Hargrove is 66, and not shy about letting people know about it. Apparently he is very aware of his age, and more motivated then many would think about enjoying the fruits of this endeavor (sooner rather then later).
Again, I feel for the folks on here who have tens of thousands of shares tied up. I'm ok with the negativity, and it is always good to get both sides. I've stated before that I'm holding 12,500 shares. Although this is a decent amount for me, it's a little easier for me to stomach this bleeding.
It's been pointed out already, but this downtrend is strictly market related, tax loss selling and a few traders jumping in. If the volume was much higher then I would think something else was going on. For now, if it gets much lower I will be checking between the couch cushions for some extra change to buy a few more shares.