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Agree, market awareness of this company has been absolutely dreadful, and there's no telling what will happen to PPS when that situation reverses, except that the impact could be huge.
It's on my mind as well, but really hard to tell with too many unknowns, including Longtai, financing situation, warrants, etc.
If it does really take off this week and next in a very serious way, I do expect some pauses at 1.6 and 2 though. Those are some pretty big volume bars from a painful past to overcome.
$25-30
The latest information from the Sedar filed prospectus that I am aware of stated they have have money for 3-4 months from the end of December 2015 for expenses (which includes the latest raising).
I'm not a math genius, but I think that means the end of this month for whatever the Randall budgeting is worth. Given that, there's probably some leeway there with some accounting creativity and upside surprises.
At this point, it all comes down to how they raise that money, or whether another public shelving will make any difference for PPS at this point.
They tried to be smart last time with an overnight financing to bypass the short sellers, but pretty much f* that up. We'll see what happens next...
But...long and strong...in case anyone thinks the above sounds to negative...I'm feeling very positive overall with where we are heading...AND really got my cost base lowered recently with what I hope and believe will turn in out to be the nadir of investor sentiment...
I would not advice anyone to play the fluctuations at this point...not if you're a long time investor...but to each its own...
That volume and big orders is the only thing what got me to add to my position today at CAD .90 despite the history of upswings crashing down. Think the odds improved it might carry this time with SAGES and Longtai coming up, even with another shelving, and at least lowered my cost base.
Have to agree.
To myself and many others here TRXC has always felt like nothing more than sales pitch with nothing fundamental to back it up - the mirror image of TITXF (no pitch, but all fundamentals).
It's nice to see people are beginning to catch up and to have some initial information those feelings may be proven correct soon. Makes me feel more comfortable with my gut feeling about TITXF.
Crap site...zero credibility...
Needs to be said...even though I agree with the piece.
As I said before, a fun thing to hope for at this point is a monster short squeeze. Some good news monday morning could really make shorts run for cover.
Everyone has been mentioning Hargrove, but personally, I have more problems with Randall, and the attitude of "we're a development stage company and so we can do whatever we want (aka spend and do bad budgeting)". There's a problem with management as a whole I agree, which revolves around not taking themselves seriously enough,but I do not really get that from Hargrove and I think he is doing a lot more to move this thing forward than people realize, or give him credit for. What about Reiza, is he not supposed to be inspirational figure behind all this? I don't see anything and it's demoralizing for investors and I suspect it is (and has been) for some in management as well. Thank god for the product, that's all I have to say...
Yup...and another round of financing within that period. They'll need 13 million for Q2. Very tight, but if they meet their milestones, we should still take off sooner or later.
Anyone has any insights to offer as to why they need 4 more in-human trial units to be built in Q2? At how many different locations will all these units be placed?
Good news...and should support PPS but it's a long way up. Need some more good news to get a monster of a short squeeze.
Hearing about manufacturing soon seems to be on target. The new hires for sales seems premature unless there is a Longtai deal and it has to do with a sales team office there.
The steps towards commercialization and the new hires are a positive, as well as towards manufacturing. Maybe some more concrete news on Longtai and manufacturing soon. I wonder whether Longtai was part of the latest offering, which means the deal already came through.
Some additional new sentences from the prospectus...(no delay luckily..still on track for Q1 milestone):
This increase [4.4 m] is due primarily to a higher cost of parts than forecast, the need to rework certain parts
to satisfy design requirements, delay in receiving parts from suppliers, the development of a commercialization plan
(including hiring 3 new senior staff) and the design of a transition plan to manufacturing.
To date, we have spent approximately US $4.7 million from the net proceeds of the Company’s November 2015 offering of units towards the build of the 5 first in-human units. A portion of the remaining proceeds from the November 2015 offering of units has been allocated towards the build of the first in-human units.
Additional funding will be required, despite completion of the Offering, for the development and commercialization
of the SPORTTM Surgical System, currently estimated at approximately US $44 million. At December 31, 2015,
management for the Company’s unaudited estimate is that it had approximately US $11,197,573 in cash and cash
equivalents and working capital of approximately US $1,373,401 excluding warrant liability. The Company
anticipates that it will be able to continue to operate for 3 months from December 31, 2015 based on the current
amount of its cash on hand and short term securities and its current rate of expenditures. If the full proceeds of the
Minimum Offering are received by the Company, it is expected that the Company will be able to continue to operate
for 3 months from December 2015 and if the full proceeds of the Maximum Offering are received by the Company,
it is expected that the Company will be able to continue to operate for 3-4 months from December 2015, each
expectation based on the current amount of its cash on hand, short term securities, the proceeds from the Offering
and its current rate of expenditures. The Company expects that approximately US $27,000,000 in incremental
funding will be required by the end of 2016 to maintain its currently anticipated pace of development.
Perhaps they'll simply become promotional units, which would make better sense than having any of in-human units on the road.
Incidentally...this phrase "for completion of 3 out of 5" is no longer part of the terms of the financing, but has been replaced with general development of SPORT instead.
This article/short report pretty much sums it up...bad budgeting:
http://www.stockhouse.com/news/micro-cap-report/2016/02/04/microcap-report-thompson-creek-metals-t-tcm-jumps-titan-medical-t-tmd-slumps
Still, it's not the whole story. The fluctuations in this stock are ridiculous, especially given it was common knowledge they would soon run out of cash and some sort of offering would be required.
I should have been a trader, but being long, all I can say it will be back up there again. History tells us as much.
Ah yes...was responding to Flenderson post# 31398...wrong click...anyways...gl to all...seems to me we're finally on our way...
Different country...different exchange...different rules. There's really nothing more sinister here IMO. I'm positive about where we will be going, and although it's disappointing from a short term perspective, a healthier build-up in PPS is starting to set up than what we saw today.
You don't mess around with Market Surveillance...adding some positive spin to something that is a plan and simple legal message they simply have to.
Still think it is a very positive day, we are up again, and I don't think this run is over yet.
Today, maybe pumpers and traders, but there may also have been some sellers left who are underwater and today gave them an opportunity to do so. It's a healthy wash-out.
We got a lot of attention, great volume, and so much goods news still coming. Not that far away from the top of 1.30 we hit today...and clearly we're setting up to go beyond it.
omg..this thing is flying...!
I'm not even sure it qualifies as a "rumor" accounting for the movement in terms of any sort of direct talks.
A lot of this movement can also be explained by the market's abrupt realization that acquisitions are going to happen in this space - a more broader and sensible push at this point in my opinion.
We'll find out as soon as rumors of any direct talks are dispelled as to what extent which is which.
I knew it wasn't you. You just can't fake you.
Fascinating to be just over the November 2014 low-point when the project was delayed.
Here we are now, even closer to commercialization with an even better product and no delays. Shows how much room there is left on the upside. Great start of the year so far!
Btw...TMD.TO has passed the 200 MA..with a little help from our battered loonie :). Not bad being a Canadian investor at this point though...any buyout comes with 40% premium for us.
Lots of action, but don't have direct quotes...did we just break 1 dollar for a moment there?
It's going be high volume again. 190k already...
The greater the underestimation has been in the past, the better it will be for upcoming PPS. And it's beginning to look like the greatest underestimation ever.
Seriously, it was a tough few years for even the most die-hard longs, imagine how far the much more ignorant market has to catch up in comparison. We should be at 10 alrdy.
That's not an unrealistic number or assessment in my opinion given the challenge posed by Titan to the existing monopoly at this very exact point in time, not too mention what is upcoming.
Yes, that's been going on for a long while already, not just there...marginalizing Titan. That's going to be over soon.
Something on platform imaging and the software automation they are talking about:
https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0ahUKEwjYiLPBpNTKAhVKOT4KHXUPBaMQFggoMAI&url=http%3A%2F%2Fplatform-imaging.com%2FPlatform-7-17-15.pptx&usg=AFQjCNEl_Akc5XMO8BxI_dj3ObRmyCBD4g&sig2=s0hVBkXZ1fXNrMcNdUH-dw&cad=rja
Rochestor is a bit of a golden oldie in Titan history.
http://www.canhealth.com/News1460.html
Seems the ties are strong still because of Valvo.
I must say...it comes across a bit as an old boys network, and they should move beyond that by now as serious contenders, or at least not make it too obvious.
Anyways...something still worries me about this company given the history...even while everything seems to going much better lately.
I just don't get a sense of confidence from anyone in management, with the exception of Fowler.
Just putting it out there within all the optimism...
At least we're sofar up 23% up for the year. Should give Randall something to play with in his powerpoint graphs for the next AGM.
It's certainly trying hard to get there. Maybe a nice squeeze end of day.
Not sure...but the action as of late, and the uncertainty as to what is causing it, is an uncertainty I'm happy to live with...
Still, the thought that that it might actually be Titan in talks right now is a very attractive fantasy/thought...no-one wants to say it...but a lot are thinking it...and after all..why not?
I think you catch the mood. It's hard not to get excited about a lot of things happening lately, whether other companies or Titan.
There's definitely a momentum in the field developing, which will benefit us all, unlike seen before...
Yes, although looking at the wild swings of TITXF it's difficult to make heads or tails of it.
Intraday...this stock really moves in mysterious ways.
Agree that seems to be the catalyst, unless ther'es some news relating to TRXC I am not aware of. It makes sense TRXC would benefit more given their listing on the NYSE. Ultimately, at this point, what's good for them, is good for us, and vice versa. Either way, it certainly shows the power of a bit of publicity.
In my best estimation, the stock will continue to be under pressure due to lack of financing, but will rise slowly and steady nonetheless. A bit of turmoil with the next financing, hopefully a big one, but together with a Longtai agreement, we should continue to climb. After that, and more publicity, anything can happen.