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Big day today. Prediction Roll? Why would you sell today before possible huge news? Doesn't pps have to be above $1 before August 3rd?
INTERESTING that for a company that ran out of money and stopped development of their robot that they suddenly announce improvements to their instruments for their single port robotic system.
When did they do this? How could they have done this?
Or were they working on the design even while they apparently ran out of money and stopped development?
Titan Medical Reports Design Enhancements to Single-Port Robotic Surgical Instruments on Product Development Resumption
Source: Business Wire
Titan Medical Inc. (“Titan” or the “Company”) (TSX: TMD) (Nasdaq: TMDI), a medical device company focused on the design and development of single-port robotic surgical technologies, announces that it has completed design enhancements to instruments compatible for use with its single-port robotic surgical system. As previously disclosed, the Company resumed development of instruments for its single-port robotic surgical system in June 2020 following the completion of a financing for gross proceeds of US$18 million.
Mr. McNally, said, “We are pleased to report that based on our recent financing, we have already completed design improvements to the multi-articulating instruments and end effectors of our single-port robotic surgical system. The clinically inspired requirements for improvements resulted from data gathered during case observations and valuable surgeon feedback received during our previously announced successful preclinical studies. These design improvements are expected to enhance instrument strength and agility, efficiency of actuation, and durability for reprocessing, while reducing manufacturing costs.”
Concluding, Mr. McNally said, “We are grateful for the significant contributions of the expert team of engineers from Cambridge Design Partnership Ltd. (CDP), who continue to meet our expectations for excellence in product development, as anticipated when we announced our expanded engagement on January 6, 2020. Once financing was secured in June, CDP responded immediately to our request to expand their role. In the coming weeks, we look forward to laboratory testing prototypes of the improved instrument designs.”
SO LET ME GET THIS STRAIGHT. CAMBRIDGE STOPS ALL WORK ON SPORT. THEN SUDDENLY TITAN HAS THE MONEY TO PAY THEIR DEBT TO CAMBRIDGE. THEN SUDDENLY ENHANCEMENTS ARE MADE TO THE SYSTEM. REALLY?
But sorry Roll. You say shorters are in a pickle yet the pps keeps dropping daily. Stop with the predictions. You also said it would be a dollar.
My one and only allowed post for the day Roll and this question is addressed to you.
Can you explain the price action and volume thus far Roll? I am holding strong for 10 years but need an explanation. If, as you say, Medtronic just bought another 5 million shares, why would the stock be down 8 per cent on 1.9 million shares? What percentage would be selling as opposed to buying at this point in the day? If shorters have to cover, doesn't the pps have to rise based on the buying of shares to cover?? Why would we be down this much so early in the day? Again I am holding strong but some insight would be helpful here. You mention you have been through this buyout process several times. Explain the action thus far. Aren't the sellers just taking their profit and running?
Timeteo responded by saying this:
I know not addressed to me but here is a thought:
To get shares that market makers lower the price. People sell when it down ticks and hold when it upticks. This works.
Watch them accumulate. They know people panic.
Help me understand his response.
Thought about this fact last night. We have people on this site who want this robot to succeed and as a result, want the pps to climb. I am one of them. Quite simple. We have others who want the company to fail and the pps to fall in order for them to make money. Again, quite simple.
The board members and employees of Titan want the company to succeed as well. I think it would make them proud to accomplish this task but there is also an element of greed in there. The stock options were just repriced to 88 cents. Do the board members want the company to fail? Of course not. Do the board members think the pps will remain at 88 cents? Of course not.
So based on human nature and greed alone, do you think the share price will go down or go up? Sadly, it is all about the money and based on this fact alone, you know the share price is going to climb. Secrets are being held now for a reason. Eventually the secrecy will end and Titan will be acquired.
WAY TO GO MCNALLY You are going to wait until Saturday to announce progress? So people are forced to buy or wait on the sidelines to see what the news is? That is not fair. How is the share price going to drop to 77 cents as predicted this week? Again, I don't think that is very fair McNally. You aren't playing very nice. Shame on you!
TMDI had what four months to sell the 18 million dollars in shares. Did it in a few days. To whom? Why the secrecy? And why change the stock option plan so quickly? Why the rush if according to others, we are 18 months to 24 months away. If you believe others who say the company came to a complete standstill, why the rush? There were obviously more pressing matters to begin with? Or was there?
Writing is on the wall folks. Wouldn't it be easier to get bought out on Monday and then they can both present at the conference next week?
My second point is I guess we will not learn who the buyer of the 18 million shares until February, 2021. What do you think is going to happen to share price after the announcement in February, 2021. KABOOM!!! UNLESS WE ARE BOUGHT OUT BEFORE THEN.
Shortly before going public, Intuitive Surgical was sued for patent infringement by Computer Motion, Inc, its chief rival. Computer Motion had actually gotten into the robotic surgery field earlier than Intuitive Surgical, with its own system, the ZEUS Robotic Surgical System. Although the ZEUS system was approved in Europe, the U.S. Food and Drug Administration had not yet approved it for any procedure at the time that the FDA first approved the da Vinci system. The uncertainty created by the litigation between the companies was a drag on each company's growth. In 2003, Intuitive Surgical and Computer Motion agreed to merge, thus ending the litigation between them.[8] The ZEUS system was ultimately phased out in favor of the da Vinci system. Computer Motion was lead by Chairman Robert Duggan from 1990 until 2003, when the two companies merged.[9]
The previous CEO of Computer Motion was Robert Duggan who is worth 2.1 billion dollars.
For those of you who do not think Medtronic bought the 18 million shares of Titan. Perhaps it was Intuitive. Or Intuiitive could just infringe on Titan's patents and then just buy them out. They did it once. Why not do it again?
Again, it is ALL about the patents. Someone is going to buy out Titan. Just trying to determine the right price. McNally will eventually sell out. Count on it!!!
Everyone got rich when Intuitive merged with Computer Motion. You don't think it will happen again??
Computer Motion was approved in Europe!!! And yet, they realized it was more profitable to merge with Intuitive. More PROFITABLE!!!!
IGNORE THE NOISE AND HOLD ON TIGHT!!!
Intuitive Surgical shares outstanding history from 2006 to 2020. Shares outstanding can be defined as the number of shares held by shareholders (including insiders) assuming conversion of all convertible debt, securities, warrants and options. This metric excludes the company's treasury shares.
Intuitive Surgical shares outstanding for the quarter ending March 31, 2020 were 0.120B, a 0.17% increase year-over-year.
Intuitive Surgical 2019 shares outstanding were 0.12B, a 0.59% increase from 2018.
Intuitive Surgical 2018 shares outstanding were 0.119B, a 2.15% increase from 2017.
Intuitive Surgical 2017 shares outstanding were 0.116B, a 1.36% decline from 2016.
For those of you concerned that we have 78,000,000 outstanding shares and potentially heading to 120,000,000 shares.
Who cares if, once bought out, there are 120 million shares. We will ALL do well. We will not get $500 per share but we certainly will not be complaining. REMEMBER. NOBODY WANTED TO BUY INTUITIVE. NOBODY!!! THE SAME MISTAKE WILL NOT HAPPEN AGAIN!!!!!
S-8 filed.
For years on this board, all I heard was "McNally does not own one share. What kind of company is this when the CEO doesn't even own shares?"
Wait until we learn the CEO was just given 3 million shares.
Titan is going to shoot to the moon!!!!!
I think we hear McNally got shares Friday after the market closes.
Wonder what will happen to share price come Monday morning?
Things are falling into place.
Nice to watch from the sidelines. I just keep getting happier and happier.
Choo. Choo. The train is leaving!!!! All aboard or you will be sitting at the station!!!!
Go Titan!!!!
You must have sold a bundle last week Honeycomb. Feel bad for you. Oh well. Lose some. Lose some.
Guess we will be back into Nadaq compliance. That is too bad, huh?
I keep coming back to the shares that were recently sold to an unknown entity. I have several questions and comments regarding the selling of these shares:
1.If you were a hedge fund or basically, any company other than MDT, JNJ or ISRG, why would you care if the public knew you bought the shares. Let's say for giggles it was Longtai(LOL). Why would you care who knew? Just announce it. I does not affect your company in any way. (Unless it is a big player who wants to remain anonymous because they will eventually be buying Titan.)
2. Titan is struggling with its share price not being over $1 again and Nasdaq will be on them again. Why wouldn't Titan announce who the major buyer is, especially if it was ISRG, JNJ or MDT? It would blow the pps through the roof. Titan would no longer have to worry about Nasdaq or share price and could focus on robot development. (Unless Titan knows the game plan knows its future is solid. Titan will put our PR's when necessary to get the pps back up.)
Thoughts?
I suspect the news that we need will be coming out soon.
Long Titan!!!
Going to be a great week next week for TMDI!!!!! Only allowed one post for a while. I am in detention. Just realized there are only 457 followers on this site. Realized there is a lot of emotions and anger and only 457 followers. Will follow this from the sidelines, absorb some great information on Titan and continue to hold. Don't think 457 people own all of the shares so not sure anything we say has an impact on share price. I suspect McNally will have the pps force his and Medtronic's hads. They are going to have to throw us another bone to get share price over $1. Perhaps Medtronic should just get it over with and buy Titan.
You have already reached the 1 post per day limit that Admin has placed on you for this board.
This ban is set to expire: 8/16/2020 10:56:34 PM
So now that you all got the bullshit out of your system of who bought and sold, does anyone have an explanation for the pop in pps to 90 cents and why the drop again?
Well, you just threw away 3 per cent then. Oh well.
Excellent post. Been here for 10 years. No it is coming. Understand newcomers will do better then me but who cares? We will ALL succeed.
Once it hits, I will provide my mailing address. All those newcomers feeling generous can give me some of their winnings. LOL
I am pretty close to that. I have not thought of it as a crazy investment. It is an opportunity many people are not aware of.
Strong work ribguy. Holding strong.
Thanks for the clarification. Normally, you introduce a trocar into the umbilicus and use a straight lens with camera attached to enter the abdominal cavity to peek around before inserting instrumentation through additional ports so you do not accidentally pierce organs. Oops.
Will be interesting to see the SPORT in use. Guess you would introduce a trocar, insert the 2D camera to peek around while insufflating and then bring in the 3D camera. Makes sense now.
Great decision. Selling as well.
Three things on this presentation were interesting to me:
1. They have a photo of the SPORT system just sitting there in their new building with glass openings. Just felt it was weird. You would think it would have a little more security. Perhaps in a secured location like a bit of a vault. Again. Weird. Actually, there were multiple SPORT units sitting there. How many do they have? You would think there would be some in hospitals?
2. Page 11 says 2D camera on the left and 3D camera on the right. Which is it?
3. Page 15 I thought was an incredible slide. They did a cholecystectomy, nissen fundoplication, esophagectomy, gastrectomy, splenectomy, a colectomy and a low anterior resection!!!!!!! I am not sure if people realize how important this information is. I was a bit blown away when I saw this information. Especially when I saw the esophagectomy and the nissen fundoplication. A nissen fundoplication is normally done laparoscopically and normally requires multiple people. It is a bit of a bitch of a surgery as you have to create the exposure before suturing tissue around the esophagus to prevent further regurgitation. To successfully complete a nissen fundoplication using the SPORT excites me. Though a cholecystectomy is a common procedure, the gallbladder is right next to the liver and resecting the gallbladder with adhesions from the liver bed can be problematic and create some bleeding issues. To successfully remove a gallbladder again is an accomplishment. I think the surgery that blew me away a bit was the esophagectomy. Again, it normally requires two people. The esophagus is also near some highly vascularized structures. Severe bleeding though rare is a lethal complication of an esophagectomy. For SPORT to have completed one is an accomplishment!
McNally is trying to get SPORT to market with urogyn procedures and then will expand SPORT usage after it is on the market to general surgery procedures. Brilliant move. The fact that SPORT has the ability to perform these procedures tells me the future is bright for single site surgery.
Give me a break. Did you not read on the amount of work they have done in such a short time? Don't make the same mistake and sell all of your shares.
No new 13G filing that I can see after hours. Guess we will have to wait until February to learn Medtronic owns those shares.
I will give my two bits(25 cents!) in. You shouldn't have sold. Kharma man. Must hurt.
Thanks for the response. Seems strange that a non beneficial owner would have bought this position. Guess anything is possible.
So why would a 13G not be filed today at the end of the day? What reason would explain why it would not be filed? Isn't a requirement a requirement?
https://ttabvue.uspto.gov/ttabvue/v?corr=CHARLES%20T.%20J.%20WEIGELL
5th exhibit down.
Again, Titan Medical wanted to change their name to ENOS ROBOTIC SINGLE ACCESS SURGERY in April, 2020. So if the company was going bankrupt, going down the toilet, etc. as the naysayers would have you believe, why even ask for a trademark name change?
ENOS Endoscopic ? Operating System. Just a guess.
Just trying to give my two bits(25 cents!!!!) worth.
The fact that this information is being hidden should be a wake up call for potential investors. Told my wife in April, why would Titan hide who lent them $1.5 million dollars. Now why aren't shareholders being told who owns a significant part of the company? Should have pulled the trigger and bet the farm in April. Now subtle hints are being fed to us, insider buys are starting, trademark colors changing. Here we go.
Just my two bits(25 cents) worth of thought.
This is an incredible post!!! Again, why would Titan in the middle of apparently having zero capital and apparently is going bankrupt according to naysayers, take the time to change their trademark to the exact same colors of Covidien this year???
Just my two bits(25 cents)worth of thought.
My two bits worth of advice is to sit back, relax and enjoy the ride over the next year. Two bits which equals 25 vents. Isn't that what you sold your entire position at SPORT?
You must be getting carpal tunnel syndrome deleting all my relevant posts.
SmallNozzle777
7/13/20, 08:07 PM
$TMDI
FWIW - IF, yes I said IF, you believe that a 13G filing will be coming out...the 10th business day after June month-end is 7/15.
Can you explain and elaborate for us morons please? Never mind. Restorative Therapies Group, a division of Medtronic. I get it now.
Agreed. 1. Several agreements. 2. Affiliate of Medtronic. 3. They are the owners of 23 percent of our company.
Pretty vanilla press release. Wonder who in Medtronic wrote this speech for him. He didn't tell us anything we didn't know aside from a rough timeline.
Two things hit home for me:
1. He did not mention who bought the apparent 23 percent of the company.This was his perfect opportunity to do so but they are keeping a lid on it. Why? Initial news of the Medtronic agreement shot this stock to $1.71. What would news of MDT owning these shares do to the company pps and how would it affect the BO price? The deal is already done folks.
2. When he repeats the numbers, it again hits home that Titan can easily pay Medtronic back the $1.5 million dollar loan. We all know why Titan is not paying back the loan.
This was his time to shine but he blew it. But I believe he blew it on purpose.
We continue to go round in circles. Why would MDT want to wait to buy them if like people continue to say "It was not MDT who bought the 23 percent of the company." Why wait when a big player bought the recent shares and is hiding.
Medtronic will say "Oh well, we gave them $40 million. ISRG bought them for $5 billion. Guess we blew it. ISRG will dominate endoluminal, single port and multiport robotic surgery with all these new patents for the next 10 years. Guess we should have thought that one through more closely. Oh well, only billions in lost revenue. Darn.
Or shake their heads and think "What a bunch of nutbars!" That includes me so don't take it personally people.
Really? You private message me that Mr. Market does not agree with me because the share price is down 3 per cent over 90,000 shares in volume. Give me a break. The volume is on fire!!!! Again, I am not going anywhere and have been in this stock for 10 years. Lately, you have been quite negative with regards to Titan. May be time to sell your shares and walk away. Less frustration for you.
Oh lookie there, share price only down 1 percent on 97,000 share volume.
You can't make it up.
Medtronic loans Titan $1.5 million dollars at 8 percent interest. If Titan goes bankrupt, they lose the million dollars. Then Medtronic will give Titan $40 million dollars to use IP but DOES NOT dare buy roughly 23 percent of the company for what, another roughly $11 million. Really?
And Titan does not inform its shareholders who lent them the $1.5 million in April? But decides to spill the beans when pps is falling and they need to meet Nasdaq requirments.
Meanwhile, they open a new headquarters in North Carolina, decide to change their trademark even thought they are going bankrupt, change BOD, promote people and more institutions are jumping on board owning shares.
And NOW, once again, another mystery of who just bought all of those shares?
If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
And even if I am dead wrong, it doesn't matter who bought the shares. Whomever bought them, why keep secret??? If you are willing to put your money where you mouth is, why stay hidden?
Up and at em. Hoping for news but okay if it is quiet. A lot happening behind the scenes.
Believe it will be a great day for Titan tomorrow!!!
GREAT ARTICLE!!! SIT BACK, RELAX AND ENJOY THE RIDE!!!! JUST A LITTLE LONGER BABY!!!!!