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GEO, I really do respect the fact that you are not divulging info from your last convo with mgmt, but why should we continue to believe them at this point???? Thanks bud.
I agree with you as well honey except for the class action route. They need to be more professional in the manner in which they are operating this public entity. Again, they are in way over their heads.
Only thing that will explain this mess is with an agreement already in place. It would explain all the short comings from this bunch.
CUIN, you are not off base at all and I agree. I really feel like there will be a fire sale as running to shelf will dry up soon and by the looks of it now they are no where near the finish line. I feel like its getting worse by the day... all in my opinion.
Geo, Thanks for trying to get folks on here to call mgmt. to get the goods directly form the horses mouth, but unfortunately they have not held their end of the bargain once. They have continued to make statements like "game on we are there, we have enough money to go to market etc". look where we are today. This not good no matter how you look at it. Im still long here because i have no choice at this point but I think these guys are in way over their heads. Why should we believe them now?
I'm onboard with it for sure. Enough is enough. They have a fiduciary responsibility to us and its time to remind them. Being a public company means you report to shareholders and not make statements that you are annoyed with shareholders. Thats not how it works.
Its all a big joke IMO... These guys are in panic mode and its starting show clearly that their heads are in the sand. They hand out money to their IR company, themselves and family members. Oh, lets not forget the acquisitions they recently made.
Agree! I have no clue what to think anymore. Just extremely upset with how they could give a shit about the shareholders. I'm like you and hope they have good reason but based on history, i doubt it.
Hope you all have a great weekend!
I also bet this current offering will not be filled nearly as quick as the last time we were sucker punched. Hope I'm wrong but I think the writing is on the wall. Randal is a fraud, Hargrove needs to hang it up and Fowler should buy a lab in Kansas and work on another science project. Reiza, Who really knows what that dude is up to...
I wonder how many of the advisory board are still on board with this science project?
Nope. I emailed Hargrove a week and a half ago. I too have completely lost all faith in these guys. I am willing to bet that there will be another delay too. Nothing but smoke and mirrors here.
Better Belize dat
Does anyone know if the US private placement has been locked up yet?
Go back and watch the AGM video again. Riddled with BS. I won't be surprised if they scratch the Sport... They no longer state that funds will be for the development of the Sport but now say, "development and commercialization of robotic surgical technologies" Why change now?
So we have 0 prototypes completed, just enough money to pay these clowns (Hargrove x2, Randal, Reiza, Bertner, the office neighbor Octagon capital and the only real deal Ximedica for a couple more months. Brilliant. Why not just fire sale this company now for $2 a share and call it day.
They have not been truthful to anyone. Not even once. I am willing to bet Dak, Lefty and others are gone as well. Probably in the other company that keeps being mentioned here.
You better Belize dat!
I take it as Hargrove and company just hit the panic button. There is nothing good to take from this "news" to feel good at least for the remainder of the year. I feel horrible for us all. They once again screwed us all.
Sorry for my short comings but Have shares been picked up yet?
CIUN and Investinthefuture- What does your gut say regarding the news? I say the private placement has been filled and its with someone in the US or Canada. Thats it. Hope they give us a little more detail.
I need prozac for sure today. GLTA
Agree, 100% piss poor mgmt. Randal can't stick to a budget and that is crystal clear! Good thing they are all being paid very well to constantly F up. I still believe in the end product i think, but not the mgmt team. They are in way over their heads. Seems to me all they care about is their paychecks and that is it. I wonder how the investors from the last financing round feel.
If I watch another video of Hargrove stating that, "Folks we are there" or Randal stating we have roughly 80 Milly coming in from warrants blah, blah, blah, and then do a complete 180, I will be hammering them daily.
All i ask for is please be transparent when making statements and stop changing things at the 11th hour. Simple.
We all knew this was coming including mgmt. so why not let shareholders know sooner like at the AGM? I was under the impression that warrants would be exercised after the statements made at the AGM.
Please explain? Thx
I assume the "PLAYING CHICKEN" theory from SUCKIT is completely inaccurate. What the hell is going on at Titan? Are they going to ever have a product? Are we still on schedule? Is Hargrove at work today? Is Bertner planning her holiday party? Is Paige Hargrove still building her dream home? Are we still in the top 50 best performing list on the OTCBB? Are we about to scrap the Sport and reintroduce Amadeus? Will we have enough money to take this to market? Reiza planning to grant himself more stock options? Tell us something!
I understand my investment in TITFX is 110% speculative but this Mgmt. has not been very honest with us. IMO! Sure this is a great opportunity to buy more and bring down the cost average blah, blah, blah but something has to give here.
Management needs to reduce their salaries by half, fire Paige and Bertner and address all shareholders as to what they are going to do going forward with all this money. (Use of proceeds). Im still long and have been but god damn give the Shareholders something and stick to it! No more 11th hour BS!!!
GLTA
I feel you dawg!
I hope you are correct but we still need mgmt. to stay on track without any surprises and we could be in play for the warrants. That would be great. If warrants can be exercised I would be just as happy as our friends here holding Dec. warrants. All in all a great day and hope it keeps going. GLTA
LTG- Off topic, but do you live in Souther California? The reason I ask is because I had a conversation with a gentleman yesterday and either it was you or you got someone else drinking your Koolaide.
I hear ya cptjsd, but why not "name" the supplier just as they named Longtai??? Also, why not fully list where the last funding round came from. Just listing that the funding party is from Massachusetts and not from Cambridge or Boston, Ma.
Im not trying to prove anything here just very curious as to why? I find this all interesting.
I still think this was a play to leverage any possible future M/A because the stock price is not putting any spotlight on Titan. I also find it strange that they actually named who this partnership is with. Why name these guys and not the Worldwide Supplier of Single Patient Use Robotic Tools... By no means is an M/A out of the picture. Of course all in my opinion and I am happy to see something from this Mgmt team. Looking for to the rest of this year.
I believe this deal was put into place as mgmt has finally realized that they will get what they thought for an outright M/A and this is plan B to hopefully bring the M/A offers higher. Based on the stock price today, I think they are coming to realize they have to do more to get the share price up to get the right price for Titan. IMO... Thoughts???
That seems pretty simple right? Create a buzz and excitement about the future of robotic MIS procedures without revealing any IP, bring in the warrant monies and happy investors.
or, dont do anything, allow warrants to expire worthless, pissed off investors and grumpy management team because investors are beginning to hammer them and the stock.
If I was mgmt I would fire Bertner, yank Paige hargroie's Salary tomorrow, and use the money creating a Major PR event going into a unveiling of the next generation MIS robotic platform. (Like an Apple, Microsoft and Samsung unveiling) Build such hype that the entire medical community will be watching.
Belizethat!
...and will debut late 2016.
The iPhone 7 will be getting a faster Intel processor, a larger screen via the removal of the home button and a 21 mega pixel camera with DSLR quality.
BelizeMe, So when Titan mgmt. told the world last year that they had enough money to take Sport to market shortly AFTER the delay, you have to understand the frustration here. Can you tell me if you have seen an actual finished prototype? Also, I apologize again for my shortcomings but can you explain to the rest of us here how you feel about Bertner and Paige Hargrove's performance? Our money is lining their pockets. Not trying to be a pain in the ass, just need info other than a timeline because we all know what happened to the last timeline at the 11th hour.
You can Belize me as my end goal is the same as yours and fully understand the money I have invest in Titan is pure risk. That is why I am all in no matter what happens but I just would like to minimize my risks when i can. Anyhow, hope you have a great weekend.
Longmoney!
I just sent the following email to Hargrove...
Dear Mr. Hargrove,
An essential element in the implicit agreement between a company and an investor is that the investor will receive regular, meaningful information on how the company they invested in is progressing.
For public companies, the securities regulators impose very rigid obligations on CEOs, CFO's and boards to keep investors updated with full, plain and true disclosure. Failures to disclose accurately or in a timely manner can result in severe personal liabilities for all directors and officers.
In private companies, there are far fewer regulatory requirements on officers and directors to disclose and rapidly disseminate information. But most shareholders are just as interested in how the company is doing.
For the company, the biggest benefit of keeping investors informed is to help motivate them to contribute to future rounds of financing. Almost every successful company needs more capital at some point. The best place to start to find additional capital is amongst existing shareholders. Prospective shareholders will also very often ask existing shareholders about their experiences with a company while they are working through their decision process.
Good reporting goes even beyond the CEO and CFO's current company. It is an important element in their personal reputations that they will carry going forward. As an investor in Titan Medical, I great appreciate your time and consideration in this matter.
So, was I to harsh????
Thx
forward into their future.
I hope that is the reason Mums the Word... I tell myself everyday that there is a very important reason why they are so tight lipped. Let's face it folks, these are not dumb people. Unaware maybe, but not dumb. I hope I am correct. One of the few concerns I have is that these guys all pretty much have 0 skin in the game. If it fails they can still give each other a high five and say that they gave it "the ole college try"...
Going to the shelf will really irritate me, as we have 80 some mil sitting out there. 80 Freaking million!
Agree, they should have stayed private if they do not want to answer to investors! This no longer your little science project. They have a fiduciary responsibility to all investors!!!
You make really good points and it's really time for an update from mgmt.. I just hope its not as bad last year. They have to let the cat out of the bag soon as we are roughly a month away from being out of money.
I agree with you CUIN, but how do we go about holding them responsible? We send emails and place numerous calls with little to no response. I still feel good about my investment yet nervous how mgmt. operates. At the end of the day they all really don't have much skin in the game... I guess the few shares purchased by Hargrove and Fowler is some sort of Skin in the game...
I had lunch with a good friend today (Devise rep) and he ran into an ISRG rep yesterday after a case and they briefly spoke about other players getting in the robotic space. The ISRG rep stated that they are all aware of Titan and the feeling amongst other ISRG employees was they didn't think Titan has any legs to go to market but felt whatever JNJ/Google have in the works was going to be significant. However, everyone at ISRG believes they will always be "THE" robotic surgical company... Then towards the end of their conversation the ISRG rep said that he heard a company called Wolf????, was building a robot as well, but probally 5+ years away.
We shall see...
Amen brother! Best post of the day.
LTG- Im all in!!!! Mark my words, Titan will destroy any hope TRXC has. Best of luck to you over at your heavily watched, heavily discussed and institutionally backed company... Freakin hilarious! Thanks for the constant chuckle. Keep it up pal, you make my day so much better when you spew on our board. Love it. I really do.
Longmoney
I agree with you. All we can do is sit back and let it all play out. Its not like we will ever get any info regarding anything which is scary but, I do strongly feel that there will be a M/A. I hope Im correct as I have been picking up 2K shares a week for the last month and a half to add to my current position. I plan to continue adding 2k shares for the remainder of the year, Come Jan 1st. Im done buying and holding. I will either have a really nice bank account or lose around 75K, either way I am prepared for it to play out one way or another.
Wish I had some more info for you all but I don't know squat. Just a gut feeling...
SUCKITUP- Do you still think we will get news this week? Over the weekend you felt pretty confident that it would happen. Where do you stand today?
I don't think we hear anything until we have a completed product, something has to give soon. I really believe Titan has financing in place and the magic question is, who is it??? In my opinion, the party who picks up the financing is also the MA partner. I hope I am correct.
I have to agree, cmon Rocko!!! Are you about to go into hiding due to an NDA?