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McNally being canned by the board doesn't/shouldnt lead anyone to believe there is any "good news" coming with MDT. But rather it probably points to once Milestone 4 is announced as completed, MDT cuts ties with Titan. At that point this sinking ship finally hits bottom.
If he resigned then there must have been some dissatisfaction and "tension" with others in the company. You don't resign because everybody is complimenting you.
Would not surprise me one bit to see something like this happen. It would be the proverbial icing on this complete crap cream cake of an investment.
Or run a lemonade stand...
I wouldnt trust management to be able to get to fda....
If it wasn't McNally getting his arse handed to him on a silver platter then being required to clean out his office, it was a waste of time.
Would love for you to be right. But why should we have any confidence in them completing these milestones when they've yet to complete any of their own timelines with their own product? They're a decade deep into missed timelines...
How do you know they're in "great position with mileston 4"?
When management isn't upfront about the reality of the situation and puts out timelines and does raises that in hindsight, prove what they were saying at the time wasn't true. Then it is a scam.
Whether there were legitimate issues with the software, hardware etc, is irrelevant when management isn't honest with the shareholders about it and makes it sound like we're further along than we really are, causing people to invest more or stay in the investment because of the information.
It's been a scam/fraud the entire time.
This is how it's been regardless of the CEO or CFO. This is going to be an episode on American Greed when it is all said and done. They're going to find the curtain Oz has been behind, pull it back and we're all going to see this has been a scam all along. This is just sad, sad, sad. Good honest people invested a lot of their hard earned money into what amounts to a scam.
Trust me, we're not the only people who've been "duped" by this investment. If this were a Netflix Original, there would be people "come up missing"...
He needs to be fired, immediately.
He needs to be fired, plain and simple.
Do not use this board for any decision-making information regarding Titan, whether good or bad. This board has long lost any investing/business usefulness. But, if you like arguing like a bunch of elementary kids, this is the place for YOU!!!
You better hope for a buyout or be financially prepared to unload a ton of $$$ to keeping buying shares so dilution doesn't vaporize your investment. The amount of money they would have to raise to carry this through to commercialization is insane.
When it's all said and done, I will gladly accept being wrong, all the way to the bank.
I've been in this investment since 2014 and many on here for much longer. But being on this weird ride called "TMDI" for 7 years and experiencing what we all have has my "gut feeling" that if we all can get out of this at $10/share, we ought to count ourselves VERY VERY fortunate.
And before anyone pipes in about their personal market valuation of TMDI's IP portfolio, none of that is a guarantee when and if negotiations of a BO begin. None of us will be at the negotiating table and we have no idea what will transpire at that negotiating table.
This investment has brought more letdowns than pleasant surprises over the years, so I really don't expect when the BO offer comes up for shareholder approval that we're going to be looking at what would be a $30 per share offer. I hope I am very wrong about that, but $10/share would be a "winner" for TMDI's standards.
Is the guy that oblivious or is he doing it on purpose? Does he not have ANYBODY around him who can fog a damn mirror to advise him on things like this?
Running Stop signs and shoplifting is illegal too.
The 51% vote told me he's skating on thin ice with shareholders.
This is exactly why I said a while back that management would ensure they made money on this investment, but that doesn't mean the average investor would also. This dude has done nothing for the retail investor but suck the value out of our investment.
McNally now has been granted TONS of options without opening his own wallet and with the amount of options he got he can make millions on a buy out if happens, even at a very low number. He has covered his bases no matter which way this plays out. With the amount of options he has, he has plenty of room to account for dilution if needed.
As I said months ago, management is going to ensure they make money and this isn't a situation of "rising tides lifts all boats", where if management makes money then it means investors do to. That is simply not true and if anyone actually believes that, they are very naive to the situation.
I believe McNally could pay of the $1.5 mil secured loan after completion of last MDT milestone and be free on the muzzle put on them by MDT.
Will he do that and do the right things to build investor value ... history says no, he doesn’t give a shit about retail investors and mgt. can always find a way to manipulate rules and make fistfuls of cash while retail provides the hard earned money. The latest move by mgt to hand each other millions of shares proves that. It’s like when companies pay a CEO $50 million going out the door after failing. Prime example is Sears department stores who declared bankruptcy and gave executive mgt tens of millions while screwing investors and vendors owed money. Heads I win, tails you lose.
BelizeMe
It is good to see that kind of insider buying. However, let's not forget that management is going to guarantee that they make money on this stock. They aren't affording the average investor the same guarantee. Please keep that in mind...
If Medtronic's intentions are a buyout, then I highly doubt the details, potential figures etc., begin in the same quarter the buyout is announced. Things like this can take months on top of months of negotiating and reaching a point where both parties are happy enough to "shake hands".
I fully believe a buyout is the ultimate goal, so my opinion is those conversations have already started.
GEO, once/if a buyout is announced, does it then go to a shareholder vote or does management have the authority to execute a buyout without shareholders?
Not happening, whether it has been McNally or previous Titan CEO's. Shareholder transparency and shareholder value has not been a top priority and I don't suspect that will change anytime soon. Absent any direct explanation from management as to why, we're left with assumptions. As a buddy of mine so rightly says "Assuming is the lowest form of knowledge".
But is there a shareholder vote on the buyout before it goes through, or does management have the authority to execute a selling price on their own?
Admittedly, I literally went several months without following the board, then slowly got back into checking it periodically. So obviously I missed the disclosure.
Is tomorrow the day we learn who bought the offering from last year, or is it in February?
Are you anticipating the SP to begin to go north of $3.50/share once offering officially closes?
Did you expect it announced today?
Anyone have any idea what is driving TRXC's SP? It went over $4/share today. I'm scratching my head a bit.
It's good to see the tides turning and I think in the end (which I believe will be at some point in 2021) those of us who stayed the course will be handsomely rewarded. I've averaged down to where I'm good to go.
Been here since 2014. I just want this investment to finally hit. It's been a long ride, even longer for others.
Once it goes past $5 it will be tickles and giggles. I hear that feels better. LOL!
Yep, it's building steam. You kind of get the feeling the days of cheap Titan shares are soon going to be over.
Thanks Rocko, didn't know that.
It must be exhausting to have to do this everyday just to make money on investments.
Is a BO at $7/share really "good"?