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I think the point that is trying to be made is there is a difference between a shareholder who bought shares at $1.80 and it is worth 25 cents years later and a board member who makes decent money and also receives upwards of 100,000 shares handed to them as well. I agree they should be well paid. Perhaps if they placed incentives for management ie. penalize their salary for not reaching milestones. Or not paying out their full salary if they change their platform or fail to get investors by a certain period of time. Guess if you are not giving full disclosure to shareholders and they suffer financially as a result then share the burden with Titan staff and penalize them financially as well. The shareholders who bought at 11 cents and are sitting at 25 cents obviously have a different opinion on Titan management. I do believe the ship is being righted. Hard to get that bad taste out of your mouth from the Fowler days.
The difficulty is that this company has been trying to stay afloat for many years. They have had to dilute so many times that it has resulted in these many shares just to keep the lights on. Remember, they changed platforms which almost sunk the ship. Now they have to do a reverse split in order to possibly uplist into a better market to try to find investors. The reverse split will happen and the stock will drop after that happens. Best to get out before the reverse split and wait for the drop and get back in. Rolling the dice but this is the norm. The difficulty is you think the company cares about its investors. It does not. Are they looking for investors or a partner. My bet is on investors. A partner would mean splitting profits. Unfortunately, board members are paid handsomely and are not suffering like the poor shareholder. A partner is not in their best interest. We would all go crazy if a partner was announced. We know our shares would escalate and have a secure pps. This situation does not exist right now. I feel they want to go it alone. The only losers will be shareholders. There is a ton of volume right now. A lot of winners who bought at 11 cents and are cashing out and many losers who have lost a lot of money waiting for the big turnaround. I believe we see another drop as the news got everyone excited and it gave interest. As people are buying, people are selling. Trying to time selling to get out and buying back in when the pps has stabilized is tricky. Again, rolling the dice as the big announcement could come while you are not in the game. Possible but doubtful
Great post Noemotionseller. After getting annihilated on this stock, I am jumping in again. Bought 70,000 shares last week. Buying another 70,000 this morning. It's only money. Even with reverse splits and upcoming financing. Buy it, leave it and forget about it. This company is not going anywhere and in a few years it will not be 23 cents per share. Hard not to watch it daily but that is the plan.
YES. ABOUT TWO WEEKS. FIGURED I WOULD MAKE $5000 TO $6000 ON BABA AND USE THE PROFIT TO GET BACK IN RATHER THAN HAVE IT SIT IN TITAN EARNING ABSOLUTELY NOTHING SCALPEL. AND I DO REALIZE THERE WILL BE ANOTHER DILUTION AND THIS STOCK WILL DROP SOME MORE. WILL PROBABLY DROP MORE MORE AFTER THE REVERSE SPLIT AS WELL. MY FEAR IS I WOULD MISS OUT ON A BIG ANNOUNCEMENT OF A PARTNERSHIP THAT WOULD SEND THE STOCK SOARING. I AM HIGHLY DOUBTFUL ON A PARTNERSHIP BUT WILLING TO ACCEPT MORE SHORT TERM LOSS FOR LONG TERM GAINS.I ADMIRE YOU FOR HOLDING TITAN. I NEEDED TO RECOUP SOME LOSSES AND REALIZED IT WOULD NOT HAPPEN WITH THIS STOCK.
BACK IN THE GAME
SOLD SOME BABA AND BOUGHT 31,000 SHARES TODAY. LOOKS LIKE WE HAVE TURNED THE CORNER. IF SHARE PRICE DROPS BACK DOWN, WILL ADD ANOTHER 30,000 SHARES. SAD TO HAVE BEEN A PART OF THIS STOCK FOR SO MANY YEARS AND LOST BUT FEEL WE WILL BE REWARDED IN A FEW YEARS. DO NOT WANT TO MISS OUT ON A POSSIBLE PARTNERSHIP. LOOKS LIKE NEW MANAGEMENT HAVE THEIR ACT TOGETHER.
Why are you holding this stock?
It is obvious the reverse split will have to happen. After it does, the stock will drop more. I was a long term holder and got out. Made some money on DVAX and a little more on BABA. Watch the stock daily. The only people making money on Titan are those that buy at 11 cents and sell at 12 cents, if they can. This stock is dead money until something huge happens. The only thing huge that will happen next year is dilution. The only good thing for investors short term is a partnership but board members do not care about shareholders and this will never happen. Dilution will happen yet again. I am waiting until the end of 2018 or longer and trying to recoup some losses. Not sure how anyone can be holding this stock right now. I am definitely not shorting this stock. I am a realist. Why not invest your $ in other stocks, then buy back in? Just my two cents.
Vote for dilution July 31st.
Realized the vote to double shares to 139 million can only take place at the meeting on July 31st. I suspect there will be upward movement on stock price until close to that date. Each investor will have a huge decision to sell their position as we approach this date. Or accept the dilution and hope it is the right decision for potential long term gains. Often dilution drops share price. Selling right before dilution occurs, waiting for the slight drop in shares and buying back in is another option. If the drug is not approved, DVAX as they mention cannot continue to run their business as they have been. It will surely crush pps. At least the company is showing its maturity by advising its shareholders of its situation. Most companies dilute shares either after hours or premarket and give shareholders zero warning. I admire DVAX for giving us the opportunity to make our own decision as to whether to hold or sell our position. Makes feel a little more confident that in the short term pps should climb.
Issuing more shares is not a good thing. The reason it is needed is to raise capital to get the product into manufacturing which is expensive. I do not believe DVAX has the capital to do this. They can raise the capital by loaning money and repaying the funds plus interest. Or they can dilute which does not cost them anything. If you believe DVAX cares about the price per share, you are mistaken. This is a perfect time for the company to dilute because interest is high and momentum is building. The capital raise would be very easy. I am hoping it does not happen in the near future but you cannot predict this event. I have been burnt on this stock when the FDA required a more extensive study. There were winners and losers. Timing is everything. I have bought back in since it was in the $5 and I am recouping some of my losses. I am hopeful dilution is delayed but I do believe it is inevitable. Hopefully I can reach my break even point. Some have made a lot and some have lost, on a pretty promising hepatitis immunization that would help patients. Also, sometimes the hype of a drug coming to market creates more profit for an investor than the pps per share once it finally does. Seems unusual a large drug company has not bought them out. Unless DVAX wants to go it alone. A buyout would increase your profit on this investment. DVAX going it alone could result in dilution and your returns may not be as high as you would like. Would be nice to be a mind reader as nobody truly knows what is happening except the insiders. Watch for a huge shift in a downward pps. Tells you something is up before it finally becomes public. Go DVAX!
Received mine as well as also voted in favor of the reverse split.
Thank you very much. I appreciate your knowledge and information. I will be keeping my shares but probably will not be as heavily invested in another stock as this. Unless, of corse, it hits $20 per share!!!
Thanks for your reply. Again, I believe in the company and will go down with the ship if need be.
Thanks for the reply. It helps me sift through the information and decide the truth. I appreciate your candor.
Thanks for the reply. Just stating what I was told. Blew me away when he told me. I am open to any responses on the matter. I am tempted to go down with the ship at this point if the product does not come to market. I have very few risky investments but this is one of them.
Finished a retirement three part conference today with a financial planning firm. Was not proud to admit that we have a substantial number of shares of Titan which we have lost heavily on. We have held these shares for a number of years. I admitted to him we owned these shares. He did about five seconds of research on his phone and said "The company is on gray sheets, not even on pink sheets, they have no value and as shareholders, if the companies go bankrupt, shareholders could be liable for any debt owed by the company to creditors. Sell the shares." Scared the crap out of me. Again, I really believe in the company. I have been watching the board comments just sitting back and absorbing the information. Does anyone have any comments or thoughts on this financial planners advice? Are we all crazy or do you really think this product will come to market? Tough to have lost so much but to think we could be held accountable to any creditors if the company goes bankrupt seems absurd. Look forward to your feedback.
Just go to your facebook account and search for Titan Medical. A lot of videos there.
Nice to see a relatively stable pps at this juncture. A modest reduction in volume and no significant drop in price. I have seen stock price drop twice after good news such as this which was quite disheartening. I believe day traders are running out of time to play with this stock. Hard to hit the home run when you are not in the game. Remember that. Nice to work all day, check the price and smile. Should be an exciting day tomorrow. Thanks to the gentleman who placed the post on the facebook link. Another great way for shareholders to share information.
What fascinates me the most about Intuitive and the DaVinci is that in addition to the multiple arms in a patient's abdomen, they have an additional surgical tech sitting beside the patient holding another laparoscopic instrument in an additional port to help the surgeon at the console. If the DaVinci is such a great platform, why is an additional staff member required to correct any deficiencies with the DaVinci? Even if the Titan robot requires a possible second port with a surgical tech assisting if needed with graspers, etc., it is a far cry from filling up an entire operating room with multiple people and a monster of a robot. Two incisions is much better than five. In addition, most older operating rooms are around 350 square feet. The new rooms are much larger in order to accomodate the new equipment needed. The Titan is a perfect application for older hospitals who cannot afford to build entirely new operating areas. A less expensive platform which can easily fit in existing operating rooms seems like a no brainer to me.
Bought and sold 4000 shares over the last few days Noemotionseller. Have to average down my pps. Still retaining 40,000 shares. Hard to blame me. My average pps is much higher. I believe 2016 to be our year! See you in The Caribbean! I will buy you a drink buddy! Been bitten twice by the good news/bad news. Won't it be nice when the pps is $20 and we can laugh at these posts?