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Can’t sell, limited by WASH SALE restrictions- will have to wait 30 trading days to buy back in. Titan will submit for IDE in the timeframe and we will then know the US Sponsor, the end effectors supplier, the software supplier and the 3D endoscope manufacturer.
Since u posed it as a question, I will answer- it will be in 2020 and it will come sooner then anyone thinks.
Just a reminder, Titan recently hired Chad Zaring. Zaring left Medtronic that is announce their platform in 8 days to go work for Titan. As the shorter opined, it’s only going to be Medtronic and intuitive for the next several years yet Zaring leaves an executive level position in Medtronic’s robotic division to go work w Titan.
TITAN HAS THE GOODS IN SINGLE PORT ROBOTIC SURGERY, so yes expecting partnership early in 2020.
JNJ/Titan/Verb/Auris
Of course u would but you don’t work for Titan
As a retail and a long, fact for me is that if I sell tomorrow I would have to wait until LATE OCTOBER due to Wash Sale rules/restrictions to buy back in. The facts for me is that it is way, way, way to risky a move for a couple extra shares.
The shorters and professional traders will do nothing substantial to the pps over the next 2 weeks. Think about it, if there was a time for them to run this down it would have been when Titan pushed their timeline back. What did the shorters and professional traders do - well they tried very, very hard but couldn’t move it - they did nothing. Why, bc a majority of the shares are held by loyal longs, biggun VC arms, shell companies (longtai), Aspire. Very few shares are owned by shorts which means low to no leverage.
IMO- shorters and professional traders won’t be able to drive this down to $1. No reason for me to risk losing out due to WASH SALE restrictions bc I know that shorters have no leverage to be able to move this much anymore.
Whenever JNJ is ready to move on it.
Aspire is investing $35M in Titan - that seems like a big vote of confidence
As you point out, all YOUR OPINION. So unless u work w ASPIRE and negotiated this deal it’s all opinion.
IMO, Aspire is banking on Titan, being a SINGLE PORT SURGICAL ROBOTIC PLATFORM, having the goods bc they know any biggun that wants to compete w intuitive will need SINGLE PORT and that means tens, even hundreds of millions in profit on these deal. Why risk it for a quick profit. But of course I didn’t work on negotiating this deal so my opinion means nothing like every other opinion.
What is big about 9/24 is Medtronic will be showing their hand in surgical robotics. I don’t anticipate any mention of Titan (even though the zaring hire makes me curious). On Sept 24, Medtronic is going to say to the world, this is our platform to compete w intuitive. It is good bc then the other bigguns, esp JNJ to will have to show their hand sooner rather then later.
So what will medtronic show - that is the big question- will it be multi port, single port and endoluminal or will it be just one of them. IMO, medrobotics will be part of Medtronic s platform
WHATEVER they announce or whatever any other Biggun does they WILL NEED A SINGLE PORT PLATFORM and TITAN HAS THE GOODS.
Aspire didn’t dump today
JNJ/Titan/Verb/Auris
They have been testing the waters and can get it below $2.
Also, Aspire won’t sell when they have another $32M to invest in Titan ( at Titans discretion). Let’s see, does Aspire take a less then $1M profit after taxes and cost for short term and risk $100M profit long term.
Shorters and professional traders are definitely taking their swings but can't even hit the pinata with the stick, they just keep swinging and missing right now - maybe they will get a lick or two in but not enough to take this down to $1. By the time they break the pinata there will be more kids around to take the candy leaving them with nothing. Just finished 9 holes - shot nine under.
11 days until Sept 24th, 18 days until Q4. Can't sell now b/c I will be restricted by Wash Sale rules from buying back in for 30 days after the sell. IF this stock goes down, it will be a couple of pennies but won't be heading to $1 so risking big return for a couple extra shares is not the path that I am taking. Trying to time it at this point could cost me and others hundreds of thousands of dollars....
Q4 IDE Submittal and Approval - 18 days away from Q4
JnJ/Titan/Verb/Auris
Medtronic showing their hand on Sept 24th. Intuitive really pushing SP. They will both be aggressive in locking up customers in 2020 for years - any other biggun will need to get in the game SOONER RATHER THAN LATER. What is JNJ going to do? What is Stryker going to do? Big decisions in 2020 by health systems and hospitals and ASCs to make long term committments to surgical robotic companies.
Let you in on a little secret, You know why the "wimps" let the big kid wack the pinata b/c they are smart enough to know that they don't have to whip off the blind fold to figure out where the candy is, they already know, they have positioned themselves perfectly so they inevitably always end up with more spoils then the big whack-a-mole kid. They also make it much further in life then the big kid. You never hear leaders, CEO's, people of influence discuss being the big kid that broke the pinata so the smart ones could collect the candy.
I figured that since we both don't know for sure that you can say they will dump and I can say they won't dump. As of today, they haven't dumped. I am sure that by this friday Titan will announce that they tapped the shelf and have raised some more funds....or one of these Fridays. There are 2 more fridays before Sept 24.
Aspire is not going to dump.
I just can't see any reason to risk selling shares right now in order to take tax loss and wait 30 days to buy back in to get a couple more shares. If I buy back in within those 30 days, then I will be restricted by Wash Sale regulations. IMO, I don't think Aspire is selling shares especially since they signed an agreement with Titan to buy even more in the future AT TITAN'S DISCRETION. A dump by Aspire would most likely prevent them from buying again at Titan's discretion. They would risk $10's of million in profit, maybe even over $100's of Millions for short term gain - no way they make that call.
Professional traders like Bear Stearns and Lehman bros....
Btw, the 100% sell immediately raises a red flag. They rated TRXC a Buy!!!!
What are we talking about here, BARCHARTS?!?!...we talking about barcharts....we are not talking about the novel game changing surgical robotic platform that any biggun who wants to compete will need SINGLE PORT, we talking about BARCHARTS...we taking a out BARCHARTS man!
"will truly be useless"...news flash, it already is useless....oy vey
if...if...if....if...if
Traders have been trying to take this down for the last couple of weeks. We've had them openly talk about $1 or down to Zero. Traders don't have any leverage to take it down.
Big $$$ is starting to realize that SINGLE PORT ROBOTIC SURGERY is the future and in order to compete with Intuitive the biggun will have to have SINGLE PORT and currently there are only 2 ways to do SINGLE PORT - DaVinci SP and Titan Medical Inc. SPORT platform #TMDI #SINGLEPORT
That has to do with Sterilization and not an "engineering issue".
From the presentation:
Fourth Quarter:
• Implement software enhancements, improvements to instruments and sterile interface
• Obtain ISO 13485 Certification
• Submit IDE application to FDA
• Receive IDE approval from FDA
There was no mention of engineering issues...oh that's right, maybe in the one on ones but that would fly in the face of his public presentation - they would not be able to submit for IDE if there is engineering redesigns. Again, what was communicated was IDE submittal and approval in Q4. They will have Augmented Reality capabilities and there are only 2 ways to do SINGLE PORT (and Titan owns one, Da Vinci is the other)
"a couple of months to fix engineering issues" was never even uttered or even insinuated.
Everyone, please feel free to go back and listen to his presentation to learn for yourself and hear what McNally said
Fred Moll is speaking for JnJ on the future of healthcare in Sao Paulo, Brazil on Sept 24th.
Also on the 24th of September, their is a HBS forum being led by JnJ's top executives Petter Stebbins that will feature Scott Huennekkens and Joe Mullings to talk about digital surgery and robotics
Sure is a lot of things happening on Sept 24th - JUST 13 DAYS AWAY.
As a Titan long, outside of developing a next generation, novel surgical robotic platform (which Titan has done) is that we needed some dominoes to start falling. We needed some of the bigguns to start showing their hands and it looks like that has begun. We have Medtronic on Sept 24th supposedly unVEILING their robotics platform. JnJ is starting to utilize Fred Moll, the father of Robotic surgery, to talk about the future of robotic surgery (i.e. Single Port).
Two takeaways from McNally Presentation:
1. Their system will have Augmented Reality built into it - very few software companies developing that for Robotic Surgery - I know one that is......
2. There are only 2 ways to do SINGLE PORT ROBOTIC SURGERY. Intuitive SP is one and TITAN IS THE OTHER. SINGLE PORT IS THE FUTURE - validated by Intuitives DaVinci SP and expert robotic surgeons desire for next generation. ANY BIGGUN WILL HAVE TO HAVE SINGLE PORT TO COMPETE.....
As a long, I am prevented by wash sales rules to sell my position to take a tax loss and then buy back in within 30 days - can't do it b/c I can't take advantage of the tax loss - not worth it to me for a hundred extra shares (which is unlikely it will even go down that much if at all). Risk to me is loss of potentially $100's of thousands maybe in the millions , IMO don't think it will go down so if I sell now and the PPS goes up I then have LESS shares - not a good or smart move for me to do. I think I will hold onto my shares right now and see what Medtronic has on Sept 24th as well as JNJ on Sept 24th.
I completely comprehend your post. I am stating for me that I can not sell b/c of wash sales rules. You have said to sell and take the tax loss - i am just pointing out that in order to take the tax loss (which means an investor is down and you have pointed out that all longs are down) they have to wait 30 days to buy back in.
Now you are saying that we should help traders make money on the way down and the way up - not me. I am not a trader and have no desire to help them or you with my money. You can do what you want.
ANYONE THAT SELLS THAT IS DOWN WILL BE TAKING A LOSS AND SUBJECT TO WASH SALE RESTRICTIONS - very simple. Now you are saying that we should help traders who are getting into this..not me brah - this stock is ready to roll and I am not going to have someone tell me what to do with my money, least of all someone that doesn't really understand what is going on and what is about to happen.
So it will be higher after 9/24, I agree with you on that. But I can't sell now and buy back after 9/24, I will have LESS SHARES and I am now restricted by wash sale rules preventing buy back within 30 trading days.
Let's see, stock went up a nickel today (btw no Aspire dump today), I sell tomorrow at $2 and on October 22 the PPS is at $4. I will own 50% LESS SHARES. Based off your theory, it doesn't work for me, I am better off holding until 9/24 - way too much risk to try and time it.
It is possible that PPS for Titan could go sky high after 9/24 - All IMO, be careful.
Again, not what was said - they will have IDE approval in Q4 and start human clinical trials in Q1.
Of course based on IDE regulations - they will need a US Sponsor when they submit the IDE Application - if it is a biggun that is sponsoring, the question is will it have to be disclosed? Who else will need to make disclosures - then end effector supplier? the software provider? the 3D Endoscope manufacturer?
They mentioned none of that.
Two takeaways from McNally Presentation:
1. Their system will have Augmented Reality built into it - very few software companies developing that for Robotic Surgery - I know one that is......
2. There are only 2 ways to do SINGLE PORT ROBOTIC SURGERY. Intuitive SP is one and TITAN IS THE OTHER. SINGLE PORT IS THE FUTURE - validated by Intuitives DaVinci SP and expert robotic surgeons desire for next generation. ANY BIGGUN WILL HAVE TO HAVE SINGLE PORT TO COMPETE.....
As a long, I am prevented by wash sales rules to sell my position to take a tax loss and then buy back in within 30 days - can't do it b/c I can't take advantage of the tax loss - not worth it to me for a hundred extra shares (which is unlikely it will even go down that much if at all). Risk to me is loss of potentially $100's of thousands maybe in the millions , IMO don't think it will go down so if I sell now and the PPS goes up I then have LESS shares - not a good or smart move for me to do. I think I will hold onto my shares right now and see what Medtronic has on Sept 24th as well as JNJ on Sept 24th.
Sure would be nice to know the name of the software provider - I would imagine that would be a nice catalyst for PPS rise
As you mention, Wash Sale rules effect those with losses so if the longs sell now (and at a loss), they will need to wait the required 30 days before they can buy back in. Why sell if one can't take the tax loss....well they can take the tax loss but will have to wait until Oct 22 to buy back in. If they buy back in prior to those 30 days, their cost average will go up.
Medtronic is showing their hand (or part of it) on Sept 24 - (10 trading days away). Q4 is 15 trading days away and in Q4 Titan will have IDE Submittal, IDE Approval, human clinical trials, partner reveals and rebranding.
Lot of risk to take on from couple of hundred bucks in tax savings vs hundreds of thousands or millions of dollars in return.
1. Is hypothetical, but to answer your question, why would they sell when Titan will be trading much higher after partner is revealed. They sell now, they maybe make a couple hundred grand in profit. They have to wait 30 days for Wash Sale to buy back in. They sell now for profit, Titan will probably not allow them to participate again. If they sell now, they would lose out on millions & millions of return
2. Its a dumb question, Why wouldn't they go to an Investor conference, do you want them to no-show - that would be the worst thing they could do is sign up and then bail b/c they don't think they have the goods. They are going b/c it is a matter of time before these institutional investors wake up and realize what is going on in Surgical Robotics, especially SINGLE PORT and Titan owns it. No BIggun can make a move into SINGLE PORT without Titan
Looks like Aspire didn't sell today but still time left. Maybe they realize that there is only 10 trading days until Sept 24th and any sell of equities would trigger wash sale restrictions/penalites within 30 days. Preventing a buy back in until October 21.
They probably think a sale now is too risky to do so hold those shares and see what happens on Sept 24th. That will be following by IDE Submission all before Oct. 21.
Here is some info that will help others understand it better and why Titan's IP has no value on the balance sheet other then the cost associated with developing, protecting, etc. THE POTENTIAL VALUE IS WHAT AN ACQUIRER WILL PAY FOR IT! In this case, Titan's patents on SINGLE PORT will help any biggun COMPETE with ISRG as well as offer up a MUCH BETTER PLATFORM then ISRGs SP. Easily worth Billions when you package it together with the entire system
https://www.accountingtools.com/articles/when-do-intangible-assets-appear-on-the-balance-sheet.html
How can they be tax cheats if it is allowed by the govt....ROTFLMAO
so if someone deducts their mortgage interest to lower their tax bill, completely legal and standard acct practice, they are tax cheaters... WHA..?WHAT?.?..
Allowable charitable deductions that provide tax write offs means if someone does it they are a cheat
I guess people better not sell Titan now for the tax loss bc then they would be cheaters
Can anyone confirm this?