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I agree. I think we see between $2 and $3 fairly soon. The only thing that would get in the way is the release of an extended milestone timeline of 2 or more years before submission.
Why would that happen?
That scenario would destroy MacNally's professional legacy in the long run AND he probably would have to sleep with a 12-gauge by his side. So I highly doubt it.
It is an aesthetic surgical robotics company in Toronto (hair restoration, skin, etc). Dom Serafino is there as well. Medtronic could consider it as well at some point.
Do not underestimate former Titan Board Chairman Charles Federico's (MAKO) involvement with the Medtronic deal either. I am convinced CFeds is the one who suggested bringing Zaring into the mix in the first place.
Agree with this and this is where Rocko was right on the money. As he simply has said over and over, they
need both Multi-port and Single-port (and to a lesser extent - endoluminal RAS) if they want to take Intuitive head-on for market share.
I had a random case of the Tourrette's once Adrocko. I bought, sold, bought sold, bought, sold and bought all in under 10 minutes. You remember bro?
I think you said the same thing over and over like 5 times in that post Liv. WTH? you have Tourrette's?
Liv, just playing Devil's Advocate here but you do not know MDT's true intentions. What if they just want access to the IP?
Do I think that is truly the case? No. But again, I've been wrong on this a million times already. You need to wake up and consider there could be different motives at play here.
Yes I hope MDT buys Titan at a fair price. So much so that I keep buying blocks of Titan shares. But this is still not a guarantee.
Short of FDA clearance and a buyout the milestone I am looking forward to is successful human trials. We are not there yet. Lots can still go wrong.
Liv, the investors that have been in this awhile have a right to be concerned. The rug has been pulled out over and over again. We JUST regained compliance and now we're below a buck. Do I think another RS is looming? No. But I, like most everyone else here, have rarely been right about anything to do with this stock. We don't know who bought into the offering... WHY NOT? We don't have new timelines yet. And here we sit...MDT apparently just saved our asses and the stock is falling. Investors have a right to ask WTF is going on????
I have no answer to WHY? But you don't have one either. There are some big forces involved. We are peons in the whole scheme of things here - hence why it has been easy for them to treat us the way they have. And hence why the share price is so easily manipulated. The ONE THING we always agreed on as a group here is that Titan's IP had value. MDT recognizes it. NOW, if McNally just gave it away for next to nothing, he not only destroyed his credibility and legacy as a prominent businessman, he will be looking over his shoulder for the rest of his life. I do not believe he is THAT guy. Titan has spent over an estimated $215 mil in development of a SP robot so, IMO, the IP is worth AT LEAST THAT. But you and I know, it is worth more. Remember, they started this project with the promising IREP technology - a tech that is STILL considered a significant advancement than what is out there currently. IREP tech alone, without all the other added IP, is worth multi-millions. Retail investors who have a past with Titan, like us, are still shell-shocked with Titan Shareholder PTSD. But they are close now. They really are. My guess is they've been working on this since Federico, and Zaring were brought to Titan and maybe as far back as Dom Serafino being brought on to the board. There are no guarantees but after all this time, just hate to see you miss the boat at the 11th hour.
IMO they can get this to over $2 in the snap of finger. One solid PR and it will go. I do share your concern about new timelines though. If they announce we are...AGAIN...2 years away from FDA, that will be taken as a negative by the market.
Agree!
Sport19, don't let your anger cloud your judgement.
If this thing was going to fail, they would have let it fail. I am STILL not a McNally fan. I feel cheated by the way we have been treated over the years. But I see the intent really is to get this thing to market and I see there is so much more going on under the surface that we never were allowed to see as retail investors. Like all of us, you have a very hard decision to make about whether to get back on board or to cut your losses. It is very difficult to swallow your pride and move forward after what we have been through. But if you don't, and this thing is actually acquired by MDT, you are going to feel sick about it for a very long time.
I'm not sure who to be mad at today because I'm not sure who is really steering this ship!
In all seriousness though, this stock has always been highly manipulated. I cannot wait to wake up one morning and find out it has finally been sold!
I do too. Just venting because I wish I had a crystal ball and waited to buy now that it has dipped below a buck. The good news is, every time I buy a block of 1000 - 2000 shares my basis dips a few cents. I had bought a few thousand in the .20 cent range and seriously considered going all in one last time then. The "angel" on my shoulder, who looks like my wife, said you better not F'n even think about it. So now I'm here buying tens of thousands of shares less at a buck.
Oh well. It's only money!
You can count on it.
Also sold ALL of that POS Verb that CUIN2 was hyping. I was in it for $36k and sold it last week for $10k.
Not sure why I don't just drive up and down I-10 chucking fist fulls of money out the window!
Selling some of my GM today to buy more Titan. I don't get why I can't keep myself from buying more.
FFS
HC, Iv'e been putting orders in for the warrants but they aren't getting filled.
Liv, ISRG has SP. While SPORT is the next generation of SP and has obvious advantages, hospitals are not gonna scrap their 3 million dollar DaVincis just because SPORT is on the market. I doubt they will make a play for Titan. IMO they would have done it already. MDT will compete for new market share but ISRG will hold on to most of its current business for a considerable amount of time.
My hunch is there is a deal already worked out. The only questions for us are when, how much, and what is the OS count when it is legally cemented?
I don't disagree. Would love ISRG to get into the mix. I've always hoped they would. But there is a top-end figure that each company would pass on. Right now, ISRG has single port and huge market share. For MDT, depending on their percent of ownership, they get paid a nice chunk of change if they pass on their top-end. So both are in nice positions. The odd-man out right now seems to be JnJ.
I do suppose a buyout could happen sooner rather than later though...IF there are other potential suitors, MDT could be forced to pull the trigger due to other interested parties popping up on the scene.
No clue.
Makes sense. Interesting transaction to say the least.
I SAID IF! I didn't say it WAS them. And I said UP TO 30%. And Rocko made my point yesterday as well. IF they own 20 - 30% (or more) and someone else drops a BIG A$$ offer on the table, MDT still wins. So it's a sound move for them IF they did.
As they say when sh1t doesn't pan out...
Tomorrow. Just wait til tomorrow!
Yep, they have liquid assets. Wonder why the loan?
Me love Titan Longtai!
Hope MDT isn't planning on purchasing that Virus Lab in Wuhan!
Liv, I wish you were a "quiet partner" in this transaction. Of course they forgot those details in the contract.
Liv, I DID NOT SAY IT WAS MDT!
I certainly hope it is.
Get your facts straight bruh!
Scalpel is still here, bless his heart!
What currency is it in? It's not USD.
Holy Schmoly...
$300,000,000,000
W T A F ?
HC gets a bad rap (for obvious reasons) BUT he is definitely a numbers guy and does an exceptional job in presenting where Titan is regarding warrants and OS. I appreciate the information.
Now if only he would not sit there crunching those numbers in his mom's basement with only a wife-beater, no pants and black knee-high socks on.
Nicely laid out Roll. Thanks!
Well RTP in North Carolina is basically the medical version of Silicon Valley, so not really a surprise. It is great news that Titan did not decide to expand operations in Toronto!
I thought it a bit curious when I googled IREP + Robot this morning and it took me to Medtronic's website. I could not find any mention of IREP however.