Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So interesting that Karl storz chief medical officer is Dennis Fowler, who was VP at Titan Medical and both Karl Storz and Titan are partners of Medtronic.
Dennis Fowler said that single port is the future of robotic surgery and he ends up at a company that partners w Medtronic as well as his old company Titan Medical partnering w Medtronic
I guess it is just a coincidence- nothing to look at here, go about ur business
Oh, and NOW u believe everything he says! LMAO, ROLF, last week you said he couldn’t be trusted with anything he says, for the last X years u have said don’t believe what he says. lol, lol, lmao, Rolf, smbd
Which is it?
For anyone on this board, Titan’s Single Port system is complete. The Titan staff is working full time on Enos multiport system.
Interesting on the ENOS trademark that no one has mentioned that there were three trademarks associated with ENOS that were approved.
Prove that it wasn’t Medtronic that took the offering and provided $18M to Titan and took 19.6% equity. We know that Medtronic has already partnered w Titan. We know Medtronic has and will provide up to $41M in additional funding. We know Medtronic is utilizing titans IP and Know How to build their surgical robotic platform (which Medtronic has been unable to do in 10 years and $100’s of millions of dollars). We know that Medtronic could have partnered w ANYONE in the world to help them BUT they chose to Partner w Titan.
Medtronic took the offering at $18M, no one can prove it wasn’t them.
King of “copy and paste”
Market guys like Lehman Bros and Bear Stearns - those market guys really knew what they were taking about, ok. Oh the market knows, jeez I feel better that I don’t listen to those guys. Imagine the market saying “we know, go ahead and take that 2nd, 3rd mortgage. No need to put any money down, everything is good, look at the market”. “Hey invest in us, our stock and the market is at all time high- we know what we r doing - we are the market”
CRASH!!!!
Anyone that trusts the “market” and base their decisions on the “market guys” - well, we’ve seen that it doesn’t end well.
I found no other official release that says Medtronic is working with any other company then Titan medical on their surgical robotic platform for surgery. So the ONLY OFFICIAL info is that Medtronic and Titan are in an exclusive relationship OTHERWISE we would have some documentation/PR/news release.
Wow - Medtronic and Titan - EXCLUSIVE AGREEMENT to build surgical robotic system!!!
Oh, and Medtronic gave them $18M in the recent offering.
Exactly right - Medtronic gave Titan Medical $18M in the raise!
Read MD&A and it’s not only a partnership BUT AN EXCLUSIVE PARTNERSHIP. Medtronic is not working w anyone else to help develop their surgical robotic platform.
Titan Medical and Medtronic partner - says it right here
https://www.mpo-mag.com/contents/view_breaking-news/2020-06-04/titan-medical-medtronic-partner-on-surgical-robotics/
Heard Geoff Martha was at chapel hill location this week. Maybe coordinating their notes for aug 24 and 25. Just as plausible as someone saying a RS IS happening.
So very true and yet so widely misunderstood. The only time internally developed IP has value is when it is sold/acquired. So how much is Titan's IP worth to Medtronic, how much could it be worth to JNJ, how much is it worth for ISRG - ALL depends on how much they value it and what they want to pay for it. We do know that ISRG has a market cap of $80+B on $4.5B in sales. No doubt that Medtronic and JNJ will/have to get into robotics and it will grow their MC by tens of billions in just a few short years and then really accelerate in years 3-10.
On top of that we know that Medtronic has signed an agreement to license Titan's IP and know-how. The end buyout will be enormous b/c there is $10's and $100's of BIllions of dollars in revenue and MC at stake for these companies that NEED TO GET INTO robotic surgery.
Lets hope 25cent doesn't post today
When it is revealed that Medtronic took the $18M offering the market guys like Lehman and Bear Stearns will jump in. Imagine all those poor souls that followed mr market, mr Lehman and mr stearns bc they sure knew what was going on.
Looks like the dogs are being called off, should expect a rise in PPS. Wonder if we will get hourly updates on PPS as it rises.
Unlike some on this board, I understand that company dynamics can change and interestsed parties can change which is what has happened with Titan. And I am no so blinded by my incompetence and failures to continue making bad decisions. At least I am not one that was forced to change anonymous handles due to be investigated/admonished by regulatory bodies..
BC Medtronic owns 19.6% and calling all the shots.
Also SPORT19 is an assclown
Titan is done with SPORT, that is complete and done. Titan is now working full time on Hugo. That is also why Medtronic bought up the $18M offering
https://www.massdevice.com/medtronic-turns-to-titan-medical-as-it-makes-robot-assisted-surgery-play/
https://titanmedicalinc.com/titan-medical-announces-development-and-license-agreements-with-medtronic-and-senior-secured-loan/
https://titanmedicalinc.com/titan-medical-announces-us18-0-million-registered-direct-offering-priced-at-the-market-satisfies-a-condition-of-the-medtronic-development-and-license-agreement/
So now we know that funny has invested $200 (if he invested at all and if u think he did you are a Helen) in Titan.
Well your word isn’t worth a penny, IMO. Let’s do some math:
If you say You will give someone $100 to prove ENOS
AND
You will give someone $100 to prove Medtronic took the offering
$100 + $100 + funnycomb promise = 1 cent unless you want to wait for them to work it down to .007, then all in.
SMOKING GUN!!!! - Here it is, HC777 letting everyone know what is going on which is Medtronic and Titan will partner and SPORT will be the engine of Medtronic's surgical robotics division for decades to come...
Well done Funny for providing proof that Medtronic will buyout Titan!!!.. Well done indeed.
I know for a fact that Honeycomb777 will not dispute this post...wonder who will...
Love Funnycomb sticking it to his boy 25cent telling him he knows shit....25cent on a island as his boy fYCOMB777 leaves him at the altar....tweedledee and tweedledum everyone....
When people talk about the “market” knows, I always think about those market experts Lehman Bros and Bear Stearns
In all reality for investors like me or anyone who is long and look at it as an investment stock rather than a trading stock, we will want to just get out of the way and let shorters/manipulators work the stock and just buy on the dips. The difference is we don't sell on any news or run ups. It is pretty obvious to any long when the dips and bottoms are at this point so it is pretty easy to buy then.
As i have said before, the only time I will unload my shares is if I get a sense they are going it alone. And since Medtronic just took a 19.6% stake in Titan thru the last offering, it looks like Titan will not be going it alone so I continue to hold my shares. Adding on the dips especially since it is blatantly telegraphed which makes it so easy to identify.
And if McNally isn't going to support PPS, why not just sit back and take advantage of the work being done my the market maker folks.
You are absolutely spot on with this, now that Medtronic (who took up the $18M offering) owns roughly 19.6%, a RS is dead. Another poster (who is knowledgeable) stated that doing a RS now after Medtronic takes this stake would open them up to another entity (i.e. JNJ, ISRG, Stryker, etc) to come in and leap frog them from an % ownership.
LET'S do some math (in my highest HC777 voice) and use 80M shares outstanding for simple minds on board. Titan issues a 1-8 RS and outstanding shares drop to 10M at a pps of $6. There is absolutely nothing stopping JNJ, ISRG, Stryker or any other company that desperately needs to get into robotics from offering up $60M to take a majority stake in Titan and then steal it back from Medtronic (who just took an almost 20% stake in Titan). Just not going to happen and Medtronic is now the largest stakeholder in Titan so they will not, can not, shall not weaken their investment and position with a RS. A complete asinine idea. I actually have to believe that JNJ, ISRG, Stryker, etc are hoping that Titan makes an idiotic mistake and RS bc they will absolutely come in and steal this from Medtronic.
you are insane if you think that a RS is going to happen...Have your boy HC777 break it down for you (for now)
Thanks. I base my posts off of facts and not emotion or manipulation
No way Medtronic with their 19.6% ownership of Titan will vote for a RS.
not sure why people are all worked up about Titan's website, this is Titan's new website - www.medtronic.com
You can eliminate Option 1 right now - they will not announce IDE for SPORT. Even though SPORT is done, it is now on the back burner b/c Titan is working on the Medtronic project and that is the IDE submission that will move the stock. It pretty much states it in the MD&A. What that means is that even if SPORT is ready for IDE (and it is), Titan will hold off on that until they complete Medtronics robot and they will file IDE for both platforms at same time. As far as SPORT being complete, that was the reason Medtronic came in and signed the agreement and partnership with Titan b/c they know Titan can build it and their patents are well protected. Also, very evident that Medtronic also was the entity who purchased the $18M offering, checked off Milestone #2 very quickly.
As for Option 2 and 3, can't speak to it but the proxy materials for the votes which will come out in a couple of days should be informative as to what they need votes on.
You aren't missing something - ONE SINGLE ENTITY agreed to the $18M offering - confirmed by recent financials and shares outstanding - HOWEVER, that entity has chosen to strategically stay right below the 20% threshold that requires shareholder approval. With that knowledge, it is evident it can only be a large strategic Medtech company. Of course, McNally sits on this information and has not divulged it to the public. While McNally and Genova have enhanced the SINGLE PORT platform and deserve some credit which they have already gotten from shareholders in previous votes, they next vote on McNally is a vote based on his words and actions. He has NOT supported PPS, which he has stated he would. He has NOT been more transparent with shareholders, which he has stated he would. He has NOT provided updates on milestones, which he stated he would. When the vote comes for BOD, it is as much about what they have said and followed thru when they have discussed Titan publically. They already got the votes last year for the development of SINGLE PORT, THIS YEAR the vote is based on their follow up and follow thru which for me, I have not seen.
Like everyone else, I was very happy to see the agreement with Medtronic but again, where is the follow up by McNally and his support of shareholders, where is his promise to support PPS and provide transparency. The vote for the BOD this year, should be a vote based on who will provide the transparency, follow up and follow thru that is the basic principal of providing value to shareholders.
ENOS approved - Extension Time to oppose expired yesterday per USPTO
We know 25cent thinks Medtronic is stupid
Agree
One point to make though is that no one has any idea if JNJ hadn't been in communication with Titan - just like you can't say you knew that Medtronic was in communication with Titan ahead of their partnership. No one can say with 100% certainty that JNJ hadn't been in discussions with Titan. In Fact, there is more evidence to point that there was crossover, maybe some collaboration. As I have said numerous times and consistently, Titan will be acquired by one of the large medical device companies, technology and patents were too good. (Having bad timing is not manipulation territory - many investors got in this too early). I absolutely thought it would be one of three companies to acquire.
My front runner was JNJ - too many "coincidences" to list tonite but would be more then happy to throw them out in different post over the next couple of days. I actually thought the second option would be ISRG - i felt that if they could come in and maybe be willing to overpay for the technology, they could wrap up Single Port and widen their moat around their business for decades. I thought the risk might be too much for ISRG to let JNJ or Medtronic have it that they would just buy Titan. Medtronic to me was option three, they just seemed more committed to try and get their own robot done in house (think 10 iterations until they partnered with Titan). The first time I thought it could be Medtronic was Sept 2019 and their robot day, I saw what they had and thought Medtronic could really use Titan and if they got feedback that was consistently a big yawn from investors, it might set a fire under them that they would make a bold move.
All three options were options that I felt my investment would make money on and it ended up being option three and YES, I THINK MEDTRONIC CAME IN AND IS THE FRONT RUNNER NOW TO ACQUIRE TITAN. I believe something happened on the VERB/JNJ side, maybe the wrong decision, maybe they felt that they could build out their platform and maybe they still will but Medtronic has been working on it for 10 years. Verb/JNJ are only in year 5. I also believe that the door is not shut for JNJ b/c per the agreement that Titan and Medtronic has, Titan still owns 100% of SPORT Single Port Platform. I have also said for awhile now that Multi-ports are a dime a dozen or will be soon, THE DIFFERENTIATOR will be SINGLE PORT.
https://www.sec.gov/tcr
.............................................
Those suggesting Karl Storz bought the $18M offering, here is some info to digest
http://newsroom.medtronic.com/news-releases/news-release-details/medtronic-announces-its-forthcoming-robotic-assisted-surgical
https://www.fiercebiotech.com/medtech/medtronic-reveals-past-karl-storz-team-up-ahead-robotic-surgery-unveiling
ALL FAKE NEWS I GUESS
https://www.sec.gov/tcr
.............................................
SPORT19 is an assclown who has been investigated and under watch by SEC
It's the other medical device company that invest in POS like Titan, its the other medical device company that has absolutely zero clue what they are doing in medical device. That is the actual company these idiots are referring to when they say that them signing an agreement and partnership with Titan is meaningless.