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Please keep haptic out of the 1st generation SPORT.
It is an entire realm of technology, NOT EASY! In fact, damned difficult to do if you are talking about sensing tissue. FDA will have a field day if any claims are made about haptic feedback unless it is very gradually introduced into the design.
1) Announcement of SUBMISSION TO FDA/CE.
2) Buyout.
3) Partnership with one of 5 or so major players (examples given) in surgery (JnJ) or high tech industry (Samsung) or informatics (IBM).
That is all that will do it. We are stuck ON THE BOTTOM and NO ONE CARES.
TXSX worked for years to maintain a profile, however crappy their R&D was. Using that leverage they raised needed money.
Titan blew that from the day SPORT was conceived.
JH was a moron. Reiza may be deceased for all it matters. Fowler should have better things to do at his age.
Randall is incompetent, or too frightened to exert his better judgement.
I have spoken.
So strange that JustRight Surgical would have a Yahoo article published touting their partnership with ISRG.
McNally, give them a call and tell them it isn't in their best interest to GET THEIR NAME OUT. Damned irresponsible! I want The Rock to WEIGH IN ON THIS POOR BUSINESS DECISION!
Companies seeking to RAISE THEIR PROFILE should repress any news about themselves. THE LESS INFORMATION THE BETTER!!
Grand-daddy always told me, as he stood by the tickertape machine with his big, fat cigar; "My boy, what you want in a company is MASSIVE DILUTION and an insanely LOW SHARE PRICE. That SPURS INVESTMENT!!".
One high-profile WSJ article about Titan as the next serious general surgery competitor to DaVinci triples the current price overnight.
This outfit has a very good story to sell to the investment press; it is a no-brainer. I'm talking WSJ, not to Bob's Weekly Medical Market Penny Stock Roundup, published on Youtube.
C'mon McNally, make or break time to whip up some interest out there. Market is hitting all-time highs and people want to invest.
The "Rock" is working on it now for McNally and Susan to add the finishing touches.
Welcome to HELL!!!
McNally and Randall owe us some information on this "Longtai" outfit because it looks like BS to me the way it has been and is represented to us (thanks to the recent snooping by this board's members).
Management TRUMPETS that they are now the largest stockholder like that is of some importance to us. SO WHAT?! The next important sentence they failed to give us as their investors is WHO/WHAT THIS LONGDONG ENTITY IS???
It's 2017 and there is something called the web. Any reasonably-sized, internationally-investing company entity that does not have a legitimate looking presence is SUSPECT, in my book.
Now Platform Imaging was a different story because that 30 year old biopic of Fowler on their dipshit website was really a reason to feel confident!!!
I am not at all confident in the honesty of this team we have here, especially the "Rock". At 10 F***'ing cents, I need to KNOW what the hell is going on!!!
McNally - we need honest information, updates, and some sense of what the hell is going on logistically with the R&D.
Also interesting that the three "photos" of their "headquarters" on the website are computer graphic renderings.
I'd like some f*ing transparency from this new CEO, that's what I'd like. The old crew and this crew throw around Longdong's name in various announcements as if it is a "legitimate" company. Apparently it is not.
Sigh, "Oh well, what's a lowly stockholder entitled to know?"
Who the hell is Longtai, McNally?!
If you are going to do animal testing, you have no choice (in the US, at least)to work through a center like Nicholson, or a research center affiliated with a major hospital. Or work with the FDA itself. No choice.
Do you all realize what is required now regulatory/FDA/CE wise to do surgical/scientific research on animals, even farm animals? It is a nightmare; you need existing surgical research infrastructure, and only big name places have it.
Nicholson/schmicholson; sure we want a center that has some high profile, but many would fit the bill. It is the results that matter, not the center. The hype about Nicholson didn't do sh*t for the pps. Nor will Patel really, so let's stop fixating on that. As to his alliances, as I've said before, he'd do a prostate removal on his mother if he gets paid. The SAB for Titan, so far, has been a non-gainer in any respect. Hell, I think even Fowler (with his 30 year old biopic) was probably a clown.
Let's move on and get the evaluations and final tweaks over with. Jeezus, we've got people on here excited about a penny raise from 10 friggin' cents.
Longdong Ltd., are you kidding me??! Big deal. Mr. Chow's Spotless Cleaners could probably throw 2 mil our way. The Chinese love to gamble. I remember JH and SR crowing about that deal. They were ass-clowns.
If this stock had ever been tendered properly we would be at 5-20 per share on speculation alone as the next ISRG. We are STUCK on the bottom. STUCK. NOTHING short of a MAJOR partnership, BUYOUT, BUYIN, or announcement of FDA/CE SUBMISSION will even get us to a dollar.
May as well stop reading this board except for once a month.
And there's the rub! Titan can't raise 7 million and we have demonstrable hardware, a wide-open market, and we are 2 years away from FDA.
As for Longtai, that was a Hargrove-Randall deal, probably some Chinese laundry tycoon they met doing lunch takeout at The Jade Wok on the rare occasion JH was in Toronto.
https://techcrunch.com/2017/08/04/auris-surgical-robotics-founded-by-superstar-fred-moll-has-quietly-closed-on-a-ton-of-money/?ncid=mobilenavtrend
I'd like to know a few things that would make me feel much better.
How about how many programmer man-hours are being spent per week on development right now?
Where is that work being done, and by who. You can go to websites of other tech R&D startups and actually SEE who the heck is on their staff.
I'd like to know the list of what effectors and tools are slated for the 'design-freeze'.
I'd still like to see one big 'Splash' article about Titan in a major press outlet.
I'd like to see a professionally produced promotional video for SPORT, designed to raise investor interest.
I'd like to know where in the paperwork process interaction with FDA and CE is at.
I'd like to see someone new on the financial staff who has demonstrated a history of raising cash for startups.
I don't believe excitement is in order.
I'd just like reality to reassert itself and the market put a valuation on this company as a very-good-bet speculative medical device. We should be in the dollars, not cents, column.
I suspect we were just stiffing them with returning the money. They eventually decided to take the gamble and just buy the offered shares. Drop in the bucket for Longtai.
I'm happy Longtai has invested, but it leaves a still further bad feeling about the clown-show that Titan once was under JH and crew.
Maybe McNally came in and told Randall to hold off Longtai and he could keep his job. Randall probably just kept telling them he didn't know where the checkbook was, and they could believe it.
Randall is still there; not good; let's replace.
How about spending a little of that 2 mill for some PR?
I think we shafted Longtai for a long time. They wanted their cash back, and deserved to have it back.
Hargrove was a crook. McNally finally worked out a deal by convincing them to invest through stock.
Maybe Paige spent it.
They need 70 million dollars now (although if "the rock" calculated that amount, I'd be worried it's actually 3x that.
That is certainly the history of his answers and pronouncements for the years I have been here. Nothing has panned out as we have been informed.
Of course.
I think "the rock" comments by McNally were really a way to publically say thanks to Randall for showing up to work the past years. Cringy nonetheless.
But I think he has to be on the way out. Best Wishes to him. He had to work with Hargrove and Fowler. Don't know if he ever met Rayman, Raymond, Reiza, Rayza, ... whatever.
Same thing... I though, Oh Sh*t!
Nicholson must be getting paid.
I work in medical trials. It costs a hell of a lot of money. Coordinators and protocol development and review to name just the starters. Then, animals, vets, OR time, drugs, technicians, statistical review, safety review, etc., etc.. Administrative costs are frequently 30-50% over and above the other total costs. Nicholson is not doing this for free. Anyone who thinks so is nuts.
McNally (and Randall) OWE Titan investors at the very least a few PLAUSIBLE explanations as to why THEY THINK the pps is COMPLETELY and ILLOGIGALLY STUCK in the dumper.
They say they are concerned and "impatient" as all of us, but hey, they are the experts, so let's hear what they think.
They cannot raise anything more than "token cash" in the current situation. The ONLY THING that can get them cash is to DISSEMINATE INFORMATION, be it FACTUAL or PROMOTIONAL. Hopefully it is both.
THIS SITUATION IS RIDICULOUS. They need an honest "PR CAMPAIGN" Who the F*** is tuning in to the AGM of a 10 cent turd? No one!
I wouldn't give a s*t about the current pps if were even on the tight side of funding to completion. But we are NO WHERE near it. 1/7 of the way with exponentially falling chances of raises.
I'd sue your f*ing exchange for allowing manipulative practices. That would get this stupid company some airtime!
McNally, the only capital you have is INFORMATION TO DISSEMINATE!!!!!
Most ridiculous legitimate company I have ever dealt with.
I want to HEAR that these guys are COURTING INVESTMENT NOW and DISSEMINATING INFORMATION AGRESSIVELY to help them raise funds with LESS DILUTION! Give us some names!!
Man, I agree with all you have said. That's why the pps continues to boggle the mind. Even Transenterix could continue to raise substantial cash when needed.
I second that. McNally needs a wakeup call know and then; it would seem.
We got Hargrove booted.
The "rock" comments were BIZZZARROOO, McNally!
There was NO context in the AGM with which to understand them given at all. If they were given to bolster moral support for the CFO, then they were cringeworthy to all, including the CFO.
There is no reason to think anyone will buy more of this stock until we actually file papers with the FDA. So, McNally and Randall, what are you going to do?
$70,000,000 needed will require 10 more raises at this rate of $7 mil/raise. Dilution will put profits returned to shareholders back for years.
No major news means each raise gets smaller. "Milestone-reached" news will not cut it; it never has. You cannot raise $70 mil in this current state of affairs. Let me repeat: You cannot raise $70 mil in this current state of affairs.
Titan either gets put on the map NOW as the NEXT SERIOUS play in surgical robotics or this game is over. That is the ONLY thing that stands a chance of raising pps now. Run out of money, development stops, team walks away. This will happen in this current state of affairs.
We have been screaming we are off the radar now for 4-5 years. McNally, you may think you are on the radar but you are not. McNally, regardless of your great team and significant on-track development, THIS LACK OF PRESENCE IN THE INVESTMENT CONSCIOUSNESS IS KILLING US!!!!!!!!!!!!!!!!!!!!
We need a PR BLITZ!!!!!
Damn right, because this pps won't budge upward without HEADLINE-WORTHY NEWS.
Right. We are so diluted we can be churned forever by the penny-stockers. There are true market reasons to try and maintain a healthy stock price for your sector (even if it is med device development). It requires a little "salesmanship" and "gamesmanship". Old management had neither. I agree with Mustang that we should have been better than $5+ easy for the last 3 years on honest development and potential alone. Could have made the move to NASDAQ and had solid investors long ago if that had happened. Fowler and Hargrove (and probably Randall) severely botched that; they should not have been at the helm. Bertner was a complete bag of shit. Paige is still a VP at Titan; check her Linkedin. What a freakshow this was. Thank god that's over.
The most optimistic predictions for this stock would have many of us HOPING FOR making maybe a double or triple if bought in at the $2 range. That's in the next 3+ years. This, if EVERYTHING goes right, is a long term hold until a profit that could have been had with a good mutual fund.
We are stuck on the bottom, folks. It will not change anytime soon. IMO
No. I can't think of a reason why they would organically get to $2. Look at the chart for the last few years. That's the organic growth chart. They are stuck on the bottom until regulatory submission is announced.
Unfortunately, I have come to seriously believe in this possibility. IMO, Titan pps is so unrealistic in movement with news and general speculative investment sentiment in this sector that it is literally impossible to have this happen (consistently). Fractions of cents for millions of shares and major news in this sector. Are you kidding me? We have just gotten used to it.
Great news - that we should expect anyway if SPORT is all it is cracked up to be.
I want informative news that details our movement towards a in-the-reasonable-future regulatory submission date. I deal with clinical trials at a world-famous institution and I can tell you that one year from initial trial planning to just beginning recruitment is now typical, and that is for studies involving nothing more than over-the-counter type drugs. Surgery with non-approved devices; I'm afraid to guess.
Price will not budge significantly (even double or triple from 11 cents) from here without an absolute torrent of important PR. We are stuck on the bottom of this sh*t exchange. For real.
Getting the price up for a safe RS will take much more PR.
All I can say is that owning Titan stock must be what hell is like.
Maybe it is Paige Hargrove. Says on LinkedIn she is still Vice President, Worldwide Sales at Titan Medical. To this very day.
Must still be living off her scam money from daddy.
If Ximedica isn't doing any work for us, who is?
In addition, where are the units then?
It has happened before, but this is multiples of volume higher (records for Titan). I fail to see how anything can spend a high volume day trading in the range of FRACTIONS of a cent.
First question: If it is not definitively going up or down, who bothers to trade?
Secong question: If there is all this interest in the stock, as evidenced by high volume, then how does that not support organic upward speculation given the potential and strength of the technology.
Completely perplexing. Is this kind of behavior seen on NASDAQ stocks?
If SPORT is as good as we have been led to believe, and suffer through so far; more indications, human factors design changes, patents, improvements to optics, etc., etc,. then they will come.
Holy crap!, if you like to double your money you HAVE TO BELIEVE this can hit 25 cents soon!
Do you understand how ridiculous this all is?
Good point. Being on a BOD is frequently nothing more than a resume stuffer and a headache, good for some free travel and an ego trip, maybe insider info.
You can walk away from a BOD any time "to spend more time with family" or "pursue charitable interests".
If the BOD is investing, that's good.
Agree. The only news that is substantial is timelines to design freeze and regulatory submission milestones.
McNally is seeing firsthand how this company has been f*cked on this exchange.
He knows what to do. The payoff could be the moon, getting in at these prices. Dilution will stretch out the time-frame for returns; acknowledged.
But if you have 2-5 year horizon, Jeezus!
What other investment has as much real potential?
Sooner or later someone is going to want in, in a big way. This pps is insane!!!!
The INSANE undervaluation of this company by the market will be ending soon, IMHO. IT has never made sense. Failure of energetic honest PR in the pre-McNally era brought us to this point. Extremely trying for early longs, but a fantastic opportunity for someone considering buying now for the first time.