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These Naglreiter guys, have they delivered the goods as far as you know according to their contract?
I had seen that last week. It was already known. These guys could be subjected to counter suit too for lack of delivery of software.
It all depends what the contract says exactly.
They can sue but that does not mean that they will win.
Where is the reference?
So you own TTLLF? I will be damned?
what is the strike price you said? $22 yup!!
What is it worth now?
is it a negative number?
wasn't this a buy recommendation. Were you right according to yourself?
What is the meaning of right and wrong according to you?
I just want to know?
You said:
"This goes below $1 and I will buy like a drunken salior "
hmmmm
But then it was over before that post?! right?
I am not sure what you are saying?
If that is the main value of the company then there has to be due diligence to value its technology but I suppose they have to sign non-disclosure agreement if they company requires it.
"Dewey, Cheatem & Howe is the gag name of a fictional law or accounting firm, used in several parody settings."
"The name of the firm is a pun on the phrase "Do we cheat 'em? And how!"
Any entity that wants to bid. Not necessarily the final buyer.
Buyers have the right to examine the company and its products and send in their experts for evaluation.
It would be like going to store and looking at the product and opening the box and seeing what is in it.
No one buys a company blindly like a black box.
Sure but is it going to happen. Averaging down is not happening or it would have already happened. They are not necessarily getting financing even at this round because the cycle seems to have broken and the timelines have become uncertain.
They will probably repackage it and transfer the ownership and flush all the investors.
If there was a way for shareholders to buy it, that would be optimal. At least the shareholder could examine the damn thing.
I believe that given that this thing is incorporated, its executives are pretty much immune from being liable for incompetence or negligence.
They have no money to pay back losses to any entity.
If they sell, the buyer will be paying fraction of what it was worth a month ago, and so shareholders will remain bag holders.
Nothing will change.
The buyers will not be necessarily angel investors, their mission will be to screw the remaining shareholders.
I don't see any way out.
Unless shareholders put a bid and buy the company outright.
Just to inform you what type of company that is likely to be.
It would be sort of like IBM, doing process and quality assurance till infinity and printing money for itself that is not used deliverable and charging millions as major contractor.
IBM has lots a lot of contract jobs because of this kid of scheming with IT operations that are never ending with process and quality assurance feed back work that slows the whole process to a crawl . These type of companies have to have have oversight even though they are major contractor.
It seems to me they are attaching themselves to stock market since government entities have become resistant in funding them.
It means that they charge something like $1000 to $2000 a day per head while they pay say $300-$400 per head per day doing the work and charging for process management on the top.
The longer it takes, they more they get paid because they rarely have contracts that are bound by deliverables that are on time.
They whole major contracting business is to add many layers to extract a lot of money for software development and I guess they have hooked themselves to printing of new shares for these small companies rather than big government contracts alone.
No there is no 400 million.
It is a private company and so no one knows how much they have spent.
They are spending 200 million for commercialization.
$240 million) Series C financing
"The proceeds will be used to drive the next stage of CMR Surgical’s growth, including the planned commercialisation of its Versius® system whilst supporting continued research and development, manufacturing and expansion."
https://onenucleus.com/cic-participates-cmr-surgical%E2%80%99s-%C2%A3195-million-240-million-series-c-financing
You are overestimating and that is also hyperbole.
CMR is not developing the robot itself I believe. I think that is subcontracting to Kawasaki which has been developing hollow wrist robots for decades.
I believe that they got the FDA approval.
Naglreiter seems to be a medical device consulting company in Florida and not a pure play software development company or specialist so its probably just a project management entity who subcontracting the software development to another entity and looks for compliance!
Industries Medical Devices
Company size 51-200 employees
Headquarters Miramar, FL
Type Privately Held
Founded 2002
Specialties medical device
https://ca.linkedin.com/company/naglreiter-consulting
https://www.mddionline.com/unusual-business-model
I will be only trading it and not investing in it long term if I get tempted.
That is a sure thing.
I have lost significant amount money myself on this but I count it as a permanent loss, period. I have $200 left in the stock that I kept just for show and that is all. I will look at reinvestment if there was a good opportunity again but I have to be extra careful this time.
If I could see the robot close and personal and play with it for a day, then I could comment as a typical engineer but I don't have such any access to it so my expertise is pretty much worthless in evaluating it. From reading the stuff and looking at the videos, it looks pretty good to me from far and that is all .
I think the CEO must be an smart buy to have even managed to get it to this level but the costs are pretty high and there is too much financial wind has been blowing against it.
This is not a buy and hold stock.
I hope that the company is going to survive.
Ok so I asked a friend that I know working in the area where Titan offices are located to check their office.
Here is what was observed.
There was a glass door but no receptionist. Could see 4 desks close to each other with a woman working at one desk. There was another man there walking inside. It is a skinny tower and they have up to half of the floor but it not really clear how much of it from outside. They had south western piece of the 10th floor.
There are two companies in that floor, the other one was called AlphaWave.
There was no notes on the door.
It is more like Singularity in Physics.
At Singularity Point, there will be a big bang.
The outcome of this big bang is unknown at this point.
Who gives a hoot.
You are fighting the inevitable.
It is not worth it.
This is not a buy and hold stock. It is not unlike trading options with high theta.
Meaning that they will dilute no matter what as far as I can tell even if it goes private. Maybe the dilution is already baked in. That is matter of conjecture.
Even if they try to sell it, it will be bought at a discount which is basically the same as dilution because shareholders don't have the upper hand.
Shareholders need an upper hand for a good deal.
$10000 at $4 is worth about $1000 now
I have no idea what $1000 will buy in shares if and when the financing is completed.
They can always reverse split the shares to bring it above a dollar if they want to stay on that exchange.
They have 180 days to comply
https://listingcenter.nasdaq.com/ViewPDF.aspx?Material_Search.aspx?mcd=LQ&cid=14&years=2016,2015,2014,2016,2015,2014,2013,2012,2011,2010,2009,2008,2007,2006,2005,2004,2003,2002&sub_cid=76&searchkeywords=&exactsearchddvalue=1&Print=N&materials=0&popularfl=
For the record I don't own any shares of this anymore and I am waiting to see what happens with the financing and if I can buy some to recover some of my losses as I still think it is a great gadget.
The risk is even higher than before.
I will buy after financing deal is completed.
Even if it goes private, it still has to get more cash to finish it, according to their new prospectus.
Go to their office building and carry some sort of letter and hand it in. Take a picture and post it here.
Their address is
170 University Ave, Toronto
It is pretty busy street with a lot of hospitals and you can surely go in to the building without trouble.
You don't have to try to prove anything. The proof is in your claims that don't stand the test of logical reasoning.
If you understood what you believe to be the truth. Why didn't you sell all of it?
Are you claiming that you are unable to believe yourself to have sold all and yet you expect others to believe you?
It makes no sense and I am pretty sure that you are aware of that.
How about you who has been a bear for as long as I have been here. How come you have any shares.
Why would any long term bear as you own any shares at all?
Before dumping the camera supplier, isolate the interfacing code and make an independent package and add a testing layer that will call the code and replicate the issues or bugs and send it to the supplier, pay them to find the problem and fix it.
If there is a problem with their camera's interfacing code, the supplier is the one to fix it and they would want to fix it and they may do it for free too.
Unlikely because most software can be fixed as long as there is some sort of a spec that makes sense and and perhaps some documentation.
These days most software is built on top of known tools and packages and not from scratch.
This is a pretty complex device and would have needed an independent guru to have spec it and chosen the right tools and packages. Maybe the base packages are not suitable for the usage; who knows.
People who have done a lot of computer graphics and a lot of video gaming code are the best match to fix a lot things graphic wise because a lot of them rehash old codes and now how to fix old code. Simulator and real time programmers and embedded programmers are not easy to find these days but those are the ones that can fix timing issues. It all depends on what it is that is not working well.
Bring in a couple gurus, show them the code as a test! and ask them if they can do anything with it and figure how it works.
My suggestion in interim:
They can get some interns and coop students say from U of T or U of Waterloo etc to fix the code.
Not just any student but one that has a lot of experience and done a lot coding.
That is why they won't sell it at this stage because sharks circle around make up valuations to feed themselves.
I think that they will sell a part of it before the whole thing.
I think you should also forget about "the" price.
They will probably sell a piece first.
Those Js in your ID, do they translate to J&J Junior? Are you shopping for J&J? There is only 3 big companies that will buy this, you have said once. Every time you post here, you have been focused on selling this thing.
Now you are looking to sell it at $50M?! and who is buyer exactly?
Are you negotiating with Titan here on this MB?
A company that lack funding is not going to increase value of shares.
They have to have funding or there is no product.