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ks239
If you copy his link without the word chart at the beginning and end and paste it into Google, it will show the photo.
THE GREASE BOARD SAYS:
1. Objectives for the week.
2. News/other/hiring
3.TRELLO
This week 08/31-09/04
Eric's first month overview.
Select IT services group-next week
CPP on site-Thursday PM
PM SW candidates screened
SPACE CLEANED UP & READY FOR FURNITURE
MEDTRONIC (ARROW SIGN) CARSON-OVERVIEW FROM PERRY
REGROUP ON HIRING PLAN
CRNA
I copied and pasted it into google ans the image came up. I have saved it to my hard drive. Thanks!!!
CRNA
Cannot open your attachment. Try again.
Rebster
There is a picture on Titan's website of SPORT robots missing their monitors???
Yes. I understand this. The investor has the obligation to disclose this information and I am sure Titan would have loved to have disclosed it. Just interesting the timing and the secrecy. And to mention Medtronic did not buy the offering is also strange. Especially if we learn it was a hedge fund that is using Medtronic's funds and it ends up being Medtronic. I think it would have been better had he not mentioned anything regarding who was and was not the buyer.
From Stephen Randall
"In response to your email below I can respond to some of your questions.
The $18 million investor was not Medtronic. As indicated in our press release of June 8, 2020 it was a single investor who committed to the $18.0 million common shares or common share equivalents. It is up to the investor to disclose his shareholdings.
The AGM has been deferred until September 30 as a result of the Covid-19 Pandemic and our inability to hold an “in-person” AGM. We were able to defer the date beyond June 30 in anticipation of the conditions improving but since that did not happen and shows no sign of letting up, we chose to hold a virtual AGM on September 30, 2020."
I hope this helps.
I was reluctant to post the exact email Randall sent to me but eluded to it last week. Some followers on this post have already commented on it. I will keep the email and to show it those who do not feel it is real when we are celebrating in Vegas. Everyone is well aware that I am a long. 10 plus years.
Typical short response to a long email. I explained I was a long term investor with a large position that has attempted to average down. This was his response.
It is interesting that the AGM was delayed until September and he says it is due to COVID. McNally was willing to present at a virtual conference recently but felt a virtual AGM in June was not on the table. June was also the time Medtronic was announced as the company providing the loan. My thought is that Titan was knee deep in discussions regarding milestones and were not in a position to have an AGM in June.
As mentioned earlier, why would Randall let the cat out of the bag and tell me Medtronic did not buy the $18 million shares. Others have said it could have been a third party representing Medtronic. Or was Randall trying to downplay the situation so pps does not skyrocket. Hard to know.
Just very surprised that he would even respond. And to say it is up to the investor to disclose who bought the $18 million is also strange. Especially when the company has a fiduciary responsibility to disclose information that helps its shareholders.
Thanks for the post. These surgeon work stations are obviously missing their monitors and multiple other parts which is encouraging to me. Obviously, the working ALL of the working robots are not present. Which means they are elsewhere and are in use. Remember, they were doing testing overseas so we know there are units over there as well.
The other thing that is interesting is McNally said he was starting in the US. Wonder what is happening overseas?
Thank you once again.
Going to be a great week!!!
CRNA
1.What improvements do you see going forward to improve the SPORT system in order to finalize development and get the platform to FDA?
(There are multiple questions within the question.)
Great post!!!
Thanks fly. Will not say exactly what he said. Just surprised by his response. Especially if he tells me company X did not buy the raise. Then I learn a third party owned by company X did indeed buy the raise. I make an informed decision based on the information I received only to learn I was being misled.
Enjoy your day!!!
Rollgard1
What if Randall told me it was not Medtronic who bought the raise? Any recourse then if Medtronic did buy the raise? Or an affiliate of Medtronic?
I have an interesting question.
I emailed the CFO and got a response this morning. Is a CFO allowed to tell you who "DID NOT" buy the $18 million dollar raise?
If I asked him if ISRG bought the raise and he informed me it was not and it later turned out to me ISRG, what would be the recourse of the information he gave me if ISRG indeed did buy the raise?
timeteo
Two points.
1. Anytime there is an opportunity for the true pumpers to pump the stock they will. Not the true longs but pumpers. There is a difference. Take yesterday for an example. Did you see the timing? The stock dropped right around conference time. Stock when from what 88 cents to 80 cents. Someone took their position and sold. The smart people bought more. I bought more yesterday. There is no way he announces HUGE NEWS at a conference like this with Medtronic watching. Next will be the AGM. Big news coming!!!! Big news coming!!! Day traders will then sell.
2. McNally decides to waste time at a virtual conference when the stock is under $1. Why? He is just promoting the company and could care less about the share price. He has until Feb, 2021 to get the stock to $1 for 10 consecutive days. Isn't that when the $18 million dollar investor has to come out from hiding? A lot of things are happening. Ramping up engineers in Chapel Hill. He is preparing for FDA, in communication with FDA, etc., etc., and is focusing on getting the next milestone done by October. Why doesn't he care about the share price? Because he knows damn well he will have news in February that will blow the doors off of this stock in February. He also knows investors will sell the news and the stock will be brought down under a dollar again and again if he spills the beans now.
Think about it. By February, the stock will be well over $1. So any share you buy now at 84 cents will give you AT LEAST a 16 percent rate of return. A no brainer in my mind.
And if they do not meet milestones with Big Brother watching, a board member from Medtronic sitting on the board and nothing to lose BUT everything. No pressure.
You tell shareholders you are running out of money. Then you sign a five year lease in Chapel Hill and start hiring engineers for Chapel Hill. If you are unsure of the future, why do theses things?
Guess if you do not pressure, just pay the $1.5 million dollar loan back. But they won't because the loan is a joke.
Unbelievable someone sells their stock to drop it from 88 cents to 80 cents. Really? I was upset for about 30 seconds. Ended up buying another 2000 shares between 81 and 82 cents. Why get upset when you can just increase your position.
Good idea. He has been so diligent in responding to previous emails so I am sure he will respond promptly.
Found it. Weird.
Says "Record date for voting August 24th."
"Beneficial Ownership Date August 24th".
"Record Date for Notice of Meeting August 24th".
I have heard nothing about the meeting. Should have been sent to shareholders. Yes?
Weird.
flybabtfly. Link please.
Up 10 percent because of the conference tomorrow? Doubt we will hear anything new. Or is it because it is GO time??? We will see.
Send some my way when it comes in. Thanks in advance.
You had ALL day to do so BeeHaus2. You could have bought at 75 cents.
You had ALL day to do so BeeHaus2. You could have bought at 75 cents.
SPORT19. Just wondering why my old post remains at he top of the website. I was not really impressed with McNally's actions in August at that moment. There have been some pretty incredible posts since then by some really knowledgeable people on this site. Could you possibly pop one of those great posts up there? Isn't that your responsibility? Thanks in advance. Frankenstein had some great posts I believe.
You waiting for the drop that won't happen?
Interesting how it jumped 5 per cent today on zero news. Seems a few people including myself got a little excited. Why the pop? Possible good news with AGM??? Anybody else?
And here we sit waiting for the big explosion. No big deal. Like a ticking time bomb.
Wow!! 20,000 shares bought at 76 cents. Will be nice when premarket volume is 3 million shares.
Strong work!
Shocker
Shocker
I see Medtronic filled their position for their robotic position for MITG Einstein. Wonder who they hired.
Headsupmonk
Not sure I agree with everything you have said but I am on board with your thought process. For the life of me, I cannot understand after ALL of these investor conferences, Titan ran out of money. If the loan for $1.5 million was given in April(under secrecy I might add), they had to be talking well before April. And it does not take a week or so to develop the milestones for the $40 million. I feel they have been in talks for a long time.
Again, why keep news of the loan with Medtronic a secret with a falling share price? Makes zero sense.
And if your company is going down the tubes, why move operations to North Carolina?
I know a lot of people have been bashing McNally as a CEO. There is no way someone can be that dumb. PR's on conferences but don't advertise the new patents. Hide the $1.5 million dollar loan from Medtronic. Do not disclose what the milestones are. You are almost ready for IDE last year but ZERO mention of their status now. If Titan was done for, Medtronic would have just bought them out and Titan would be no more. You delay the AGM until September??? End effectors are suddenly being worked on and improved that fast???? Come on. Something is up and we are going to find out soon.
Finally, your share price is below a dollar and you do not care? Unless you know damn well your share price will be well over a dollar by February. What news could possibly so that? Oh yeah, that's when we learned who owns the $18 million in shares.
Interesting that there is a lot of secrecy for both Titan and Medtronic now. We are almost at the end of August now. We know Titan continued to work on things even though they apparently ran out of money. Awfully secretive at Medtronic with HUGO. When will they let the cat out of the bag? This presentation was almost one year ago with Medtronic. Wonder what changes have been made?
BETTER SELL YOUR SHARES. BUYOUT MONDAY IS COMING!!! BETTER TO BE ON THE SIDELINES. RIGHT???
NO WAY AM I SELLING ANY SHARES. HOW COULD YOU SELL YOUR SHARES OF TITAN? THAT'S LIKE TAKING IT UP THE ENOS. JUST MY TWO BITS WORTH OF ADVICE.
Enjoy your day Roll.
Adrock. I will be moving in with you.