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IMO. All that would need to be done is #7 & #8. But you may get atta-boy points for the entertainment value for the other proposed actions on the list, by many of the board members.
I really think a new video with the engineering verification units would do the trick to get this pps moving. Then add'l movement when the field trial units get shipped and installed. T
That's much further than where we were last August, just prior to adding all of the new indications.
Regards,
BK
About time someone spanked the ASK. Get this train moving. Now if the MM's would just stay the heck out of the way..... I"m holding or I'd be doing the same. Thanks to who ever did that. Sick of seeing those "Bastards" playing with this pps.
Regards,
BK
Hey, I'll take low to mid $'s. $2-$4 would be great late this year or early next.
Happy Thanksgiving to all and thank you for your contributions/comments.
Regards,
BK
I don't get the selling, with the pending announcements so near-term. The price should be easily higher. JMO
Regards,
BK
Absolutely! A double bagger for Christmas. I'd like to see this get back to the former highs quickly. Then on to $1 pps.
Regards,
BK
I'm giving Roger the benefit of the doubt as to the announcement of the previous two professional positions and say "thank you." I think he did it prior to the approval to benefit the shareholders for their faith to the company. This news should move the pps to places where we may never see again - hopefully. JMO
Regards,
BK
I don't know if this news would lead anyone to the conclusion that we're getting closer to HC approval for the TLT2000. But many of us would not create this type of opportunity and investment in these professional positions unless the use and sale of the new technology were eminent. That news would be a very nice event. JMO
Regards,
BK
It's good to see that nobody is playing the sell it to me for "this" so we can manipulate the pps today. Just don't play and the pps will rise all by itself. JMO
Regards,
BK
The colors are very holidayesque. It'll get better.
Regards,
BK
That's what I'd do. Build one and get it into the field, instead of trying to install and maintain all 5 at the same time. Quicker into the field and easier to manage the projects.
I'd like to think that there are reams of documents containing data points, from the professional community and SAB regarding known and non-public issues with existing MIS robots in the field today. It would be nice to know who is the Chief Propeller Head, but it may be a committee of many with a main Project Control Manager from which all ECN's, design features and feature milestones are managed. More than likely a Project Control Manager who's job it is to maintain an open conduit to Titan exec's and named subject matter experts.
Regards,
BK
Time well wasted? Thoughts as to "why" and words of encouragement. From a manufacturing perspective, the 5 field test unit electo-mechanical subassemblies would not cost as much (time wise) because all of the engineering design drawings and components will be finalized. The time to create the original beta units, decision by committee etc., usually take approx. 10x longer than the 1st units for field testing. I offer as an additional point, a possible reason for the time extension - "the exclusive option to acquire the rights to Platform Imaging's optics technology." As a guess, additional time was necessary to integrate the control code for the platform imaging optics software as a very nice feature into the surgeon's interface. I'm guessing, but think this tech is very similar in performance to focus control in a digital camera. Further, this will still be a monster digital/mental puzzle, but not as it once was when creating a computer. With reference to The Soul of a New Machine by Tracy Kidder 1981. Which in many ways, this is. All of which leaves me very anxious to see the next video, and the actual unit in motion. JMO
Regards,
BK
I like the sound of this project. This will be the nuts and bolts of "how" our technology works as part of the presentations in the future. I hope we hear that the 2000 is approved by HC soon too.
Regards,
BK
Seems very accurate based on what little we know and as the plan reads as of today. It's obvious to me that the stated business model will change as any new offers for distribution are considered. Pushing this out for 3 more months is no surprise to me either. Their statement of having a direct sales team and/or distribution partners is SOP. They don't know how this will shake out except to plan for "x" and see if that's the way it works out to their benefit. They can't say anything else until there are more distribution agreements. This company and the pps gain traction as soon as we see a new demo, then more pps when we get an update on training, see the field units or hear about them being installed. JMO there will be other offers.
Regards,
BK
Fellow board members. A little word of encouragement. There's still more news to come and we're much closer to launch and testing than we were a year ago. I like the fact that this is a multiple indication design and that there's a strong SAB for professional advice and experience from direct use of surgical robotic procedures. This period of doubt is difficult, but will get better. I trust the IP and the design, and look forward to seeing a more complete functioning/feature rich field unit.
Disclaimer: I do acknowledge and understand the frustration expressed by those on this board.
IMO
Regards,
BK
This many shares trading hands at this price leads me to believe that there's blatant suppression/manipulation of the pps. Why else would so many shares trade at such a low price? Even if there's a delay, which I personally don't believe will occur, the units are due out in the field soon, and for me..... it's unfathomable that the pending distributorship as a part of their due diligence, review the working features and functionality of the product. I guess all anyone needs is about $4M and they can get a look. That leaves me out, as all my funds are tied up. (JK) JMO.
Regards,
BK
Agree. Was not implying that you had participated. I was just following your comment. My apologies if there was any interpretation otherwise.
Regards,
BK
The volume is getting much better as of late. If those that wish this stock ill will would quit just trading small amounts at low prices, there would be natural pps appreciation. I just don't understand the "why" behind it. However, I do understand the level of disappointment with former management and issues with HC. But, why punish the stock? I still think this company will be successful, and I'm waiting patiently to hear positive news.
Regards,
BK
My take on the previous 2 weeks activity to include this shelf offering is as follows:
Dry powder necessary to continue working on field units, and further support the timeline. Time is money, and the more money you have - usually the less time it takes to get you where you want to go.
So I view this as great news.
Further, if the shelf offering is already gone..... with the news that both Canadian and US participation will absorb the offering, then that's good news too. It's been planned for a while, and doesn't take away from the development timeline.
Blah, blah, blah management sucks, lawsuit, lawsuit, burn them at the stake. There - do you guys and Honey (take your meds please) feel better? AGAIN, the delays were necessary. We're 9 indications better than this time last year. Someone in China wants to sell this thing, and is putting up their chips to get in the game. If there was a better option, would Longtai have made the offer to other MIS companies? They had a choice, so that's telling us something.
Get above these individual moves and look at the big picture. This stuff is necessary to get these units to market. Whether in China, India, Canada, the US, eastern Europe, etc. The goal is to get these out in the public for review/evaluation. Mgmt wouldn't be exposing their product to ANYONE if it didn't work because that would set the entire company back to the stoneage. Does anyone think the Longtai is stupid and wants to burn +$20M? You guys are pissing in your pants over a few thousand shares, yet Longtai wants to play with they're 10's of millions and go long-term. Wonder why?
JMO
Regards,
BK
Good point. Almost too good to be true watching PUMA, the way that stock acts based on almost nothing for product/drug research.
I don't wish away time on earth very often, but I can't wait for the next 4 -6 weeks to go by.
This stock only needs a little helium in their balloon.
Regards,
BK
It's possible that the Longtie distribution option moved up the manufacturing and they have to build more than was originally estimated. Perhaps, and this is a big perhaps - the field units are performing to OR standards and the Chinese distributor wants more than was originally planned for so they need the money to meet the delivery schedule. Just throwing it out there.
JMO
Regards,
BK
Interesting to see that someone was willing to dump 22,500 shares at $1.17 when the price had just been 5% higher a few minutes earlier. And it was odd watching the EOD trading. I think this horse is just about out of the barn based on the pending Chinese distributorship. Why would anyone want to sell between now and the trial field units in 4 - 8 weeks? I still think we get to $1.50 by the end of the week. Here's hoping for those holding those warrants.
JMO
Regards,
BK
Hope so. Can't get to +$2.00 without going through $1.20. I thought it would walk higher to $1.50 by the end of this week. The article by Point will help get the word out.
Regards,
BK
He probably had to come clean because of his previous comments. He's trying to establish his credibility as an Analyst. I'm torn because of the previous emails from last year and then the extended silence. But, he's always provided an opinion which is why I read this board. I really want to hear from both Daktari and Lefty. They both have enormous credibility as well as the rest of the professional medical contributors. And the med. device reps that contribute to this board. If I've left anyone out it's not because I don't appreciate everyone's contributions. Except for whatshisname, who shall remain unmentioned. Thank you for those.
Regards,
BK
Ha! Like
Regards,
BK
Where's your head at regarding this recent level of volume? Send me a PM. Bigkahuna57@gmail.com please.
Regards,
BK
We'd get there a heck of a lot sooner if folks would quit selling low. It's simple supply & demand at its most basic level.
Regards,
BK
The volume is really good to see because that means that there's renewed interest for some reason...... all of a sudden. Now we're aware of the company history over the past 2 years. We're 10x further along in research and dev for the PDT, than when the pps was over $.65 earlier this year. And that much closer to generating actual revenue month/month with the new model 2000 once it's approved by HC. So.... I'd say this is long over due and should have been over $.50/share if not soon, then b4 end of year. More news would be better too.
Regards,
BK
I like your friends. Invite them to the board. Thank you for the info.
Regards
BK
JMHO - Anyone selling anywhere near this pps is just pissing away their future profits. Bump that ASK. Really? Someone wants to sell below $2.00?????? More for me.
Regards,
Bk
You too. You been out of country?
Regards,
BK
Happy but still very surprised. I just can't believe ANYONE would be selling at these levels. Sometimes facts are stranger than fiction. Based on this news and where we are in the process, I'd bet on $1.30-$1.40 by end of day. +$2.00 Once field units are shown and installed - hopefully before end of year 2015. Further, China will be the first place we sell a unit, maybe in India shortly thereafter. That will be BIG revenue prior to anyone's predictions sometime in 2016. JMHO.
Regards,
BK
I see $1.04 US. But not all of the volume associated, yet. I also see the ASK at $1.43. I just can't believe ANYONE would be selling at these levels. Sometimes facts are stranger than fiction.
Regards,
BK
Aaaaaaand........that's when the fight started. Just kidding. I appreciate your perspective and the calming affect from a voice of reason and wisdom. 10 year bringing medical devices to market is very helpful to this board.
Regards,
BK
Time is our enemy:
Once again, everybody say it. "Its cheaper to buy tech/IP, than to create it, develop it and patent it." It takes large amounts of talent, that's not just walking around looking for a cool new project. All high-tech companies are competing for the top level talent. Net new development takes time, and time for R&D costs A LOT. It also comes with risk of not making it to market to recover the investment. As I've mentioned recently - look at how long it's taken to get the most recent patents approved. Many years. When you buy tech/IP you accelerate the time-line = jump ahead of the competition by 3-5 years? Which will enable you to expand a product line, and create barriers to entry in different market segments from the acquired tech/IP and......shorten the time to market and the adoption/learning curve.
Market share is critical:
From a strategy point of view, if many small, mid and large hospitals adopt SPORT, what % of the market is left? Will there be enough of the pie for the competition to recoup their investment? Will they bleed too much money chasing too few customers? If we get to market quick enough - then we can only hope so.
From my perspective, and I hope from TITAN's - we all get that which we hope for, but more importantly SPORT gets accelerated to market.
Now, to those who love to say "I told you so," no I don't think mgmt was wrong to expand the number of indications from the initial design to what it is today. I'm confident that TITAN took a look around to see what was on the horizon, and took a measured guess as to what the margin of error was prior to embarking on this generation of SPORT. My guess is that the robot will operate the same regardless of the surgical procedure, but the training will be very different. So I think that they will pick 4-6 "high-impact" surgical procedures for phase 1A trials. I completely defer to our professional surgeons on this board for their opinion over my guesses. I'd think then a few more field units will be installed to address phase 1B indications. I don't see all 9, or 11 or however many all at once.
Again time is critical. The sooner ANY indications can be shown in the field, the fear factor of TITAN's success jumps way up. It's as much the fear of the unknown (how fast the market will adopt SPORT) as it is of the known reviews of those field units. And it's easier to sell and support the 1A's immediately.
Keep your Xanax, and anti depressants handy!
GLTA.
Regards,
BK
Cuin2, I agree with your points. Perhaps I'm too patient? I do appreciate every little single nugget that our fellow board members provide.
Dak and Lefty would know by now. I think. Anyone going to Kentucky any time soon?
Regards,
BK
Good points DD. To your question about why not show the product? If you show the IP, it gives the competition more time to do the research to litigate. Titan does not have a war chest at this time to defend their IP. Timing is everything. Show what they can, exhibit the features, but without lifting up the hood.
Regards,
BK
Again, thank you for sharing and everyone keep asking. Sooner than later someone knows something and when it's all available in one place, it will show a more complete picture. Cumulative efforts will bring more than we know.
Regards,
BK
Thank you for expanding the network/grapevine. It's an incredibly useful source of addition information that won't absolutely confirm the partnership, but does provide more than we knew before you asked.
Regards,
BK