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We certainly do, mgmt obviosly doesn't. It's time they turn a new page and get out of the basement.
There not that savvy...
I have to believe Bertners Inst buddies got in at a great price the past few days. We should end over 4 million in volume today. That shatters any record that I can remember (correct me if I am wrong). Were not hitting that number without a couple big boys jumping in. Sure some traders, shorts, joined the party today, but there was some gobbling up by non retailers today.
One question that I wish Point could ask, but probably not a good one is, do you even care about what has happened to the pps the past few days? I've never seen a group so uninterested. The positive is they appear to keep emotions out of any decision making. They are focused like a laser beam on the end game...for good or bad.
Should be an interesting close. I hope we hang in there, but won't be surprised to see a little profit taking the rest of the day. Nice days work for those who got in around $1.
GLTA
It was Randall who told me Bertner's main objective is bringing institutional investors on board.
I also forgot that I asked him about the video in dallas. He played this one kind of coy. He said he hadn't heard anything about it. I told him it would be nice to have an updated video on the technology. He wasn't aware of any plans, but just said I really don't know. This was the only time he seemed a little weird and not giving a straight answer. I really couldn't tell if he was hiding something, or if he really is clueless. He's a finance guy. I could see the others keeping him out of the loop on something like this.
I also asked Randall about the next AGM. He said there thinking of May or June in 2015. He said they haven't made a decision yet. After the response of the past few days they will probably want to delay indefinitely.
Regarding the quiet period in q2 and q3 of 2015. They will be announcing a big milestone at the end of q1. Again, Randall seemed excited about this. They may be hoping to milk a few months of positive buzz after this report ( to get them through this slow period). A great milestone/report is nice and all, but 6 months of silence will get old.
Everything comes back to "what have you done for me lately."
Just spoke with Randall again:
Nothing really to ease the pain, although one thing I found encouraging is I asked if the new applications will add $ to the cost of SPORT. I reiterated that the lower cost is one of the major selling points of SPORT. He said virtually NONE. All there doing is adding additional "tools and instrumentation".
Asked about Bertner and he initially danced around it, but her main role is to bring in institutional investors. He mentioned this a couple time throughout our conversation. It looks like they are well aware and making a concerted effort to bring in institutions. He also said they are still happy with her. They like her experience with medical device companies.
Told him they need consider pps support going forward. He said he understands, but not sure if they really care. My gut (Honey) is all they really care about is the end game. All these folks seem to have the patience of Job. There will be no PE buyout and commercialization still is there main goal.
He said there main reason for doing this was the feedback from Key decision makers and hospitals and input from the SAB. He also said hospital leaders and other partners chimed in and said "you have a working technology that is great, but we want more."
Asked about milestones and updates. He just confirmed that the next major milestone will be at the end of Q1 2015. He seemed generally excited about this, and I don't expect a delay on this.
After a few discussions with Randall and observing mgmt.'s actions, it's clear Titan caters everything (strategy) towards competition and not shareholders. You can defend this, but there HAS to be a happy medium going forward. They would probably say this tactic will ultimately benefit shareholders much more in the end (hard to argue). Certainly doesn't help right now.
I don't believe this will settle below $1. Yes time is back on the table again, but the value of SPORT/Titan has gone up. .40 cents was the value of a SPORT with one application.
I don't envy those on here that have 100,000's of shares. As I've said before I only have 12,000 shares (which is a decent amount for me). It is a little easier for me to take a hit on this, although still not fun. I don't blame those for selling some or all. Thought of selling half, but will not be. Bottom line is I had investment goals in mind with Titan 3 years from now. Nothing has changed, except the end pps target goals has gone up. Unfortunatelly, its just gonna be one hell of long bumpy ride.
GLTA...
My gut says we will get bought out this week.
No, I agree with many on here. Long term it is for the best, short term it's crappy.
No way this is going to 2017. The timeline is for nice "ahead of schedule" announcements along the way.
I anticipate pps support going forward. They will will want cash for there coffers from warrant expiration. I believe transparency will be better. Trust is questionable at this point and they know it. One more move like this and it's over. Myself and many others will be out.
Let's not forget that these guys are in this to make money to. Sure they might be true believers in the science, progress, healthcare, etc but at the end of the day they want there payday. Reiza hasn't been spending a decade plus on this project just out of the goodness of his heart. You don't think he will do everything in his power to maximize the potential.
Strategy and competence are legitimate concerns, but too many smart people are involved now.
I like a lot of the suggestions on here. Although as pissed off as we might be, I just hope we keep it respectful (but stern) when contacting them.
I'll be curious to see where the pps settles this week. If I was smart I wouldn't check in until Friday.
I'm hoping people realize the increased value now. However, I think time might trump value in the short term.
Good luck and all IMHO....
I know, I was just being more of a smartass.
Why 20k? Should have kept Bev at 6k. It looks like we might need that extra 14k/mo now.
It's a little frustrating that we have to contact Randall, Hargrove, directly to get some answers. I'm grateful we have access to the CEO and CFO, but they have better things to do. That should be Bertner's job.
Thanks CUIN, I think we may even close green today...lol
I believe (for those that didn't sell), our investment can now be catagorized into two, value or time. One will have to decide which is more important. Looking at the new milestone page in the corp pres sucks, but we have to keep in mind SPORT is now way more valuable. Personally seeing late 2016 and 2017 is depressing, but we now have a product that is big time (potentially).
Good luck...
Your right, mgmt at any company only has a very small window of days to purchase or sell during the year. However, I'm sure he legally had a day or two to sell over the past 6 months.
One thing to keep in mind, Reiza still has nearly 5 million shares. I'm assuming todays news culminated over the past 6 months. He didn't sell one share during that time (yes, he did sell 200,000 right before). Ask yourself, why leave millions on the table if you knew this was coming?
I believe they hedged there timeline. I'm sure there is plenty of wiggle room in there. A first year MBA student knows the concept of under promise, over deliver.
It's way too early to talk about additional financing. They have plenty of cash. To many things can happen, i.e. warrants, rise in pps, partnerships, etc. We'll get a better picture late next year.
Bottom line, the foundational value of the product we have been investing in just increased dramatically. With that, if they decide to get bought out they probably just doubled the potential acquisition price (based purely on additional applications). In fact, I'm starting to believe this might be there plan now. A robot with multiple applications is intrinsically more valuable then a single port, pretty simple.
On the negative side, if we thought we were impatient before...
I've heard this before where "experts" question why they are public. They are public because of Amadeus. Not realizing they would have to shelve it, but they thought they would be selling it by now.
Alright, sorry for the tease.
Nothing earthshattering, but interesting nonetheless. I called and asked Susan for Mr. Randall. She put me right through not even asking who I am. I find this accesibility encouraging. Most would ask (particularly for a CFO)so they could screen the call.
Randall hopped on and I first just asked if he could confirm tomorrow's release at 7am eastern. He did, and I give permission to Suckitup to berate me all day long if I'm lying.
Tomorrow will just be a pre planned earnings release and a few comments. Financials will be first, then MD & A updates, and a few quotes by fowler or hargrove (can't remember who). There will be no q & a session, just the report.
So when I asked him if they will be giving any milestone/updates he said they will. I tried to pry a little more and said, "probably just some general info". He said well they will probably go into a "little" more detail. Not sure what this means, but my feeling is we should get a pretty good idea where they stand.
I next asked him about there silence going forward. He kind of laughed and said "yeah we have had these discussions before internally. Are we saying too much, are we not saying enough. I affirmed them and said well you don't want to give the comepetition too much info on where you stand. He said something I can't rembember, but I got the feeling Titan thinks in there mind they have given too much info out already (to there competition, not shareholders).
When he mentioned the financials he laughed and said not that we have anything to report. "All we do is spend money right now". He almost said like he was warning me as if I didn't know. I'm now very curious to see the burn rate.
Lastly (this one's for you Honey), he did hint that there might be a little more details (nuggets) in the MD & A tomorrow. I hope our interpretation of details is the same.
My overall feeling is positive, however I didn't ask him any details such as if they are still on track. He didn't hint either way, he just seemed very business as usual (friendly too). I'm a little more optimistic that we could get some decent info tomorrow. I don't want to get your hopes up, but I think we will have a better idea where we stand tomorrow (whether it is good or bad).
Good luck all, and sorry for the grammar
Just talked to Stephen Randall. I have to step out for a minute, but I will reply with what he said in a few minutes.
I thought the same thing IET.
Just spoke with Titan (Susan Wilkins?). She did confirm that they will be "reporting" tomorrow at 7am eastern. I asked her if they will be providing updates or any anything else and she offered to put me through to Randall. I got his voicemail, but did not leave a message.
Not sure if tomorrow was ever confirmed, but had to find out for myself. The trickle downwards lately (with ok volume) before tomorrow concerns me slightly. However, I would think the pps would be much lower and way more volume if they were planning a big delay or something worse.
GLTA
Thanks CUIN and Geo for the updates. I will probably start picking up more here and there.
I like this...a much more calming board then TITXF
CUIN, you still have high hopes for Thera? Nice to see you, Geo, and BK over here. I don't have alot of shares, but the story is very intriguing. Considering adding to my position. All my patience has been placed on Titan. i don't know how much more I would have for a good chunk of Thera. Seems they are even longer away then Titan from the good stuff.
Am I wrong? How is Thera shaping up for 2015?
Thanks...
Dude, you need to start breaking the Prozacs in half...
Agreed 100%. My average price over the years is around $.80-.90. I'll take it, and I will also never begrudge anyone for blowing off some steam.
Bottom line is I believe we are right to be frustrated right now, but Lefty and a few others will be able to say they were right in a few months.
...and the drinks are all the same in Vegas.
What about the people who invested years before that at $2? Too many variables and scenarios regaring the pps.
I guess were a baby for wanting to see a generic MD & A report after months of silence.
No P&D here. They have to actually pump to validate this theory.
I've said this before, but they are milking every single day of silence they can. Were still at a "reasonable" pps historically speaking. Every day they can keep there info/tech from competitors the better (in there eyes). When/if we start bleeding to 1.90's and below they will be forced to shell out some news/updates. The stockholder mutiny has not begun yet, but it certainly will if this trend (including lower pps) continues.
Many of us are frustrated as we see the markets at record highs. What my money could have been be doing for me right now in xyz stock? Keep in mind some good news/updates we can get to $2.50+ in a day or two. Percentage wise this is the same rate of return as holding a "normal" stock for a 6-12 months.
With that being said, CUIN brought up a great point. Whose to say with postive news/milestones the stock will react accordingly. We still will not have FDA approval, we still will not have any sales.
Again, I am in this thing to the finish line (whatever that looks like), but for the love of God can we start acting like a company or stock that is months away from CE approval...or are we?
GLTA
My source also said the company has just finalized complete business model overhaul to mirror that of a money market fund. Company plans to tweet an update every other year (no more than 10 characters).
Dig the link...lol
Let me guess, we'll trade within a .03 cent range today with below average volume...at least that's what my source says.
The fact that with everything that went on this week and the stock did nothing either way tells me it's all much to do about nothing. Initially I thought there was more to all this, but if Investors on the inside don't care, why should we? They are always ahead of the game and good indicator of what's to come.
However, I will say that the SV deal just increased our exposure and networking exponentially. All of there board members, directors, employees will most likely be learning about Titan soon. How many people will they tell? I also assume word of mouth may eventually reach some of those 160 companies under there umbrella.
Let's wait til they report and dig from there.
Not sure why you still own shares...
Ignore the post Dak. His theory is too absurd to even comment on.
Agreed...thanks TO. I don't know why someone would lie about all that. it's not like he said there going to get bought out in two weeks, or there's a big delay, etc. Just some general answers that seem consistent with how Titan responds to any of us.
However, I do find it interesting that they are trying to keep a lid on expenditures. You wouldn't care about this if a buyout was in the future. Maybe they are looking to take SPORT all the way after all.
So much for any of my buyout theories.
If they do end up reporting by the 14th and validate TO's post, were going to be bugging you every week to drop by Titan and get some info for us.
Cheers...
I'm starting to think SV did this as insurance. TRXC is a disaster right now. They just announced the resignation of there COO. I guess in LTG's world this will be a good thing.
SV thought they had robotic skin in the game, but TRXC is becomming too much of a risk right now. Titan gives them insurance, stability (compared to TRXC), and the best next generation robotic surgery technology out there.
IMHO...
You crack me up LTG. Every time crappy news against TRXC comes out you seem to think it is a good thing.
With that being said were actually getting to a price point where TRXC might not be a bad buy. Still think low 3's and maybe sub 3 could be in there future. I'll take your marketing team and billionaire funder, but everything else seems to be a cluster F.
Maybe if TRXC rides the coattails of Titan to some success he can join us in Vegas. Although with your TRXC $ you would probably only be able to afford Old Town.
The only problem is SV "only" has 1.9 billion of capital under them. There going to need to pony up more than that to get Titan. Regardless of any financial gymnastics they do, they still would be putting most of there eggs in one basket.
I see a controlling stake or partnership before anything else.
Exactly! There not flying in everyone from all over to ring the bell and have a two second picture opp. Something is going on.
Although it does bug me that the pps is still doing nothing. One would think that with either a nice progress/update coming, or a partnership deal, or buyout plans, etc that we would be seeing spikes and bigger volume. This stuff would easily leak out. Especially now with so many different people/companies involved (allegedly).
Or maybe there is absolutely nothing going and we continue to rack are brains for no reason.
Too many damn unknowns. Maybe Walmart is a better investment for me...
Ironically I think I like her resume better then her dad's.
Her 3D experience peaks my interest. This technology has come up before with Titan. Are we underestimating this technology, and the benefits it could bring Titan's finished product?
Thoughts would be great. Sorry, but I'm one step below a moron when it comes to 3D tech.
That's fine...I appreciate all the differing views and opinions on here. The board, for the most part, has been great lately.
For the record, I hope Daktari is right. I want them going all the way. I just happen to believe that a deal is a possibility. I just can't get past the amount and quickness of the financing (too big and fast for small investor blocks). Maybe it's not an acquisition deal, but maybe a partnership or some other agreement. Someone wanted in, and wanted in bad...IMO
Nevertheless, what I really hope for is something of substance tomorrow. This speculating and guestimating is getting old. Unfortunately (as I've stated before) I don't think we get it tomorrow, but a man can dream, right?
I agree with all that. However, all it takes is Reiza talking to Fowler over dinner some time and the two of them agreeing the best option for the company is to get acquired. No one else has to, or needs to know. Yes they are all surgeons, but at the end of the day this is still Reiza's baby.
And yes, I think even Beverly was pulling Hargrove's strings. Still not super impressed with him, but maybe Duke can set me straight after meeting him.
I don't believe anyone outside of Titan's very small inner circle knows exactly what there intentions are. The SAB knows more than we do, but I doubt that they even know there end goals.
Mgmt has to continue the process as if they are bringing SPORT to market. What if they have a buyout deal in place and it falls through for whatever reason? You better have a viable product to sell at that point or your doublely screwed.
Bottom line, it is possible they already have a deal in place. It's probably not likely, but the financing and silence legitimizes this "conspiracy". Also, it is not in Titan's interest to hint at an acquistion to any of these physicians. They need to put together a quality SAB board regardless. It's business as usual.
But I do agree, if any SAB had a suspicion they would not sign on the dotted line, unless they were offered a piece of the financial pie.
Agreed...ditching the medical device tax should be the first to go.
Thanks...meant its November almost 2015.