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While a 1:1 all stock buyout would be easy to calculate and would amount to little more than a rounding error for Medtronic (1.35B vs 1.45B OS), I doubt they are willing to put up $10 billion for lil ole Titan. But it would be SaWEEEEEET
We now have had 13 days in a row with a close over one dollar. Why are we still on the NASDAQ noncompliance list?
Thanks Geo
What is the expiration date and strike price on the TTLLF warrants?
I have my doubts. Whoever bought the offer (18 million shares) easily outvotes everyone on this board combined.
NO across the board
Your math is wrong; it would be 2/10 of a penny if and only if it dropped back to 0.60 AFTER the R/S of 1:10.
Nice premium? $1.25 per share? I disagree wholeheartedly
You don’t need a robot to do MIS....
Thanks for the advice, but the members of the rarefied “tree fort“ have, between us, and excess of 1.5 million shares. We understand the process of averaging down. The point I was making is that whether or not there was an RS, our personal payout will be the same based on the multiplier.
Roll, why the overall math makes sense, you must also understand that those of us longs that have been here for quite a while also have less total shares in our accounts. Therefore, the math will work out equivalent for us. FORGETTING ongoing ongoing dilution from offerings, our initial holdings still constitute the same percentage ownership of the company…
It’s contagious.
You obviously have no idea what a surgical meeting is all about. Stop flaunting your ignorance.
I am not sure what all the concern and consternation is regarding the SRS presentation over the weekend.
This was a presentation to robotic surgeons and NOT to group of potential investors. It was not the time or place to provide developmental news or the like.
It was solely an opportunity to let practicing robotic surgeons know what is on the horizon.
A lot of folks here put way too much weight and importance on that meeting and are now miserable and disappointed.
I show 0.89
Doubtful that it will be an in-person event. Anticipating a Zoom conference call if and when
Like. Brings back memories!!!!
About $12-13 per share
I am not Sport19, but felt obligated to offer a non-biased and objective answer. There are two separate criteria to remain in compliance with NASDAQ rules. One is the maintenance of a share price above $1, the other is to maintain a market cap above $35 million. A reverse split would not satisfy market cap requirements.
Reading assignment.
https://en.m.wikipedia.org/wiki/Qualified_institutional_buyer
https://media2.mofo.com/documents/faqs-schedule-13d-g.pdf
We may not know the identity of the purchaser until Valentine’s Day
You do realize that Flenderson is one of two members of the iHub board that actually speaks with Mr. McNally on a regular basis, don’t you?
Still in, Moodys. The other folks involved in the offering that I know are still holding and have bought more since them. Sorry HC, but I haven’t lost a penny on Titan since I haven’t sold a share. I have continued to average down. In it to win it.
That is correct. One incision with camera and two arms entering the abdomen through it
HC, while I agree (and know) that the Hugo robot was (is?) a multi-pod/multi-armed robot, you cannot make the assumption that arms equals multi-PORT. We are single port and have two arms…
One more me thinks
We still need to satisfy requirements of independent BOD members
I would love to find out that it was Berkshire Hathaway.
Let me preface this recommendation with the fact that no one really understands PFIC filings, form 8621, and QEF’s, including some of the biggest tax attorneys in the country.
However, if one does not file form 8621 every year, the IRS MAY distribute your profit evenly over the entire time that you held the stock and then charge you fines and penalties for Not paying tax on the profit that you never received until the year that you sell for profit.
But we did. Every year. Here is the link to the latest declaration:
https://titanmedicalinc.com/wp-content/uploads/2020/03/PFIC-March-30-2019.pdf
Your guess is as good as mine
My understanding, from my accountant (who checked with a nationally-known tax lawyer) once a PFIC, always a PFIC. That means we have to continue filing form 8621 and declare a QEF every year.
Regardless of what happens, this will always be taxed as short term capital gains in the United States, regardless of how long you’ve held. Hence my dream that we get bought out in a share-for-share transaction.
This is how I have been playing it for the last several years. As Geo said, check with your own financial folks and don’t take my word for it…
Sport was a shorter whose motives were obvious when he was here and are even more obvious now that he is gone. I would not accept anything that he has posted as legitimate.
Karl Storz has and will be family owned. There is no need for them to reverse merge with us
Unfortunately, there is a difference between the offering being sold out and it officially being closed. TSX take some time; I recall many of the other offerings took 5-7 days to officially “close”.
My illness continues. Bought more this morning and lowered my average cost per share below Mac’s option price.
Sorry to disagree with numbers man, but all time high is north of $70. Approximately $2.50 before the R/S
Who is this man and what did he do to Mac??? Don’t really care.....whoever he is, he is en fuego