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So how do we get the word out that the next run this stock has should get us near triple the current value? Why wouldn't EVERYBODY want to get in that now? Our volume today is pretty underwhelming...
There wasn't much of a "spike" on Friday, so I would say news not likely... not impossible, but not likely. News is usually preceded by an unexplained spike the day before. I wouldn't call it "insider trading" but there does seem to be a tendency for the pre-news uptick, so maybe some sort of minor leak... It could be as simple as an admin assistant at the PR firm telling her husband "I'm going to be a few minutes late tonight to work on some Titan stuff." Husband knows Titan news is typically good, so he quickly buys another 10,000 shares and then calls his friends...
My point being that there may not be an intentional leak, but a couple astute observers combined with a robust, optimistic network of folks who are familiar with Titan could have the same effect.
Happy Monday anyway! And if there is news today, then so be it!
Happy Friday, Rebster and all!
Although I would like to hear some news, and I expect there should be at least a couple announcements by the end of the year regarding the two new training centers, I don't think they will be blockbusters with regard to PPS. We all know the deals were signed and we all know what to expect from these sites. If new surgeons come out and make the same or substantially similar statements as the three surgeons from the Nicholson trials, they won't really be "news" at this point. I would be very surprised (very happy but surprised...) if we closed in on a buck a share by the end of the year. I think we are in another phase of sitting, watching patiently, while they execute the plan. It takes time and we know the schedule. The only possible blockbuster I see would be a big partner, or maybe a BIG financing announcement such as "Mustang wins lottery and reaches agreement with Titan for $50M in funding." That's a headline I'd love to see for obvious reasons! But for me, this is now a waiting game again. All in due time...
I am not trying specifically to chase anyone away; just hoping to keep some focus here. By all means, feel free to contribute here if it pertains more specifically to Titan and if it doesn't sound like you are trolling for us to jump over to another of your investments. In particular, most of us are already keenly aware of industry happenings with the competitors and don't need reminders of widespread industry news from a year and a half ago.
I still don't see the rationale for that post appearing on this message board, other than trying to convince people here to invest on one or more of those other companies, which would violate terms of service.
Just a general FYI -
I took a peek at Phaeton's profile. He posts on Mazor, Medtronic, and TRXC. His post here yesterday about the Mazor-Medtronic deal was also posted on Mazor, Medtronic, and TRXC's boards. Not sure what his motivation is!
I thought Mazor was spinal only - much more limited set of indications than something capable of general abdominal indications. Therefore, much less demand for it. I have no idea how much Mazor's system (Renaissance, is it?) costs, so maybe it will be affordable and get a good reception due to hospital budgets being capable of buying one. But they will also surely be looking at ROI, and I thought there were a couple other robospine systems on the way as well...
Knock Knock... Anyone home??
A few falsehoods in post 61461.
"getting a product launched in the U.S. without a sales team, marketing and validation is virtually impossible." Yeah. I know. I bought ISRG in 2003 when they were starting up. Never sold a thing because they didn't have a mature sales and distribution organization. I bet they wish they partnered with one of the big guys back then, huh? I agree Mazor and Medtronic are well paired in their structured deal, but the blanket statement in quotes above, from the article, are provably just crap.
"Companies like Titan and TransEnterix struggle as the process to get approval is time consuming and burns all the capital." Titan isn't trying to get approval. They are preparing for it. Transenterix HAS approval. And they still have some remaining capital. They are going to lose their remaining capital due to their failure to generate revenue with their approved product. The quoted statement here misses the mark in both cases.
"To survive this company needs a partner like Mazor got with Medtronic." Someone's speculation, but point number 1 above is that ISRG already disproved this theory. It might be nice to get a well funded partner to make life a little easier, but that also means sharing the ultimate profits. The real questions are whether or not Titan has sufficient confidence in their technology to attempt to go it alone, and would another organization make an offer that is too good to pass up.
Now for the dumbest quote of the article:
"TransEnterix needs validation by having a sales and marketing partner. With out it the company is another Titan." They can't get validation from simple hospitals who should be looking to buy their equipment. Why would any company partner with a proven failure? They wish they were another Titan, a company that has a technological offering with market potential. They are not. Maybe SurgiBot II will gain more attention if they can get it approved this time, but for now, they have nothing worth selling either to an end customer or to a potential business partner. I hope for their sake they can prove me wrong.
Maybe if they buy a bigger can of Turd Polish for SurgiBot II when it comes back??
"...the middle of nowhere Louisiana."
Isn't that redundant?
Ford! I should have thought of that! They will drive their way into the medical device market with a hybrid-powered robot! The SPORT Hybrid Limited will have heated leather bucket seating for the surgeon, Power hand-controls, 3D Imaging System Defroster for those chilly mornings in the OR suite, and 17-speaker 200-watt sound system to hear the crackling of RF energy frying its way through a cancerous tumor! Wiper blades for the camera lenses... High and Low-beam illumination for improved visibility inside the abdominal cavity... Glove compartment is mandatory for surgical gloves... GM will be trying to catch up for years!
"Excuse me, stewardess... I speak jive!"
Well, not as well as June Cleaver, but what I can glean from that cryptic post (#61382) is something to the effect of this:
He wants to see more PR.
He opines that Titan would not be worth more than a buck a share in a buy-out scenario.
He suggests some major company such as HP or GE or F (I have no idea who the F "F" is!) might buy enough shares to get a seat on the BOD and offer technical assistance (which IMO would set the project back by about 2 years by blowing away the concept of imminent design freeze).
To attempt to break it down in more detail:
"Like the reality therapy of cold accounting guess-animation."
This seems to be a comparison ("Like") of something unspecified, presumably our situation as shareholders in a stock with a bright future for anyone with above average levels of patience, to a situational immersion ("Reality therapy") intended to provide a new, more comprehensive awareness of some situation pertaining to tracking of financial information in a Polar climate ("Cold accounting") while conjecturing about which Bugs Bunny cartoon he should watch next ("Guess-animation"). This entire line is vaguely reminiscent of the opening line of an LSD-induced beatnik poetry slam in Greenwich Village in 1967, except the line didn't end with the word "Man."
Okay, I really don't have the time to do this to the entire message; I'll just point out that his post was a reply to BoomBaam the Nigerian Prince (who actually only reigns over a small territory in Nigeria known as Iscambia).
And I'm just having fun with this... not really intending to offend anyone, believe it or not! That includes not meaning to offend any 1960's beatniks by comparing them to these cryptic posts! I hope even Boom and X1 will take it in the spirit in which it is intended.
Message in reply to:
Mustang, are you able to break down what this dude just said? Lol
Boom, a grammatical analysis of your posts would indicate that you may have an incomplete comprehension of proper sentence structure, including matching tense and plurality (e.g. "those surgeon" instead of "those surgeons") from which I infer you may be writing from a foreign country in which English is not your primary language. Is this a correct assessment?
It would be interesting to know if Titan stock has achieve sufficient notoriety outside of North America that maybe they should pursue funding from a wider swath of the globe. Or maybe there is some other reason behind your participation on this board?
Hey Quid, your post hit while I was typing this! (note added via Edit!) Nice observation though! Great minds think alike, and so do ours!
That is a good reminder to many of us... Do not turn on Wolf of Wall Street if you run across it while channel surfing. Too many questions may arise which end up with someone seeping on a sofa later that night!
I was told not to put anything more than I can afford to lose into it. I said that was true of every penny in all three of my IRAs! But Wells Fargo's regulatory folks called me and told me they would not allow me to buy any more Titan in the two accounts they hold for me. I told them that of the five retirement investments I have, they hold the smallest two so I'm not concerned. Funny thing is they used to call me any time TITXF had a particularly bad day. But they never called to say "Hey you are up 300% on that last buy! Nice job!"
Boom, most of us here don't feel there is a valid comparison between TRXC and TITXF. Their system was CE marked in 2011 and they have 7 units sold. They have a system that almost nobody wants. From what we are hearing, surgeons who have gone hands-on with SPORT want to use it as soon as possible. We will most likely be selling systems as soon as they are offered for sale. Our market cap and stock valuation will follow an upward trajectory based on revenues, which TRXC has not had the luxury of receiving in any significant quantity. Comparing the two is not valid. Even if you backtrack, look at TRXC's splits and their price history. They were at $12/share in 2014. They were in the 20's in 2007. In the year 2000, they were briefly over $80/share! If Titan's old management team was still in power, maybe a comparable trend would eventually have emerged, but there really is no comparison.
Likewise, I am not going to recommend anyone look at ISRG's history and assume Titan will follow suit there either. ISRG had no competition whatsoever (once the Computer Motion merger occurred).
Also, the last private placement (with the group which included over a dozen surgeons) was reported to NOT include warrants. They may well be able to adhere to this model moving forward and further reduce future dilution. Assuming that warrants with every future stock issuance might not have much merit any more either.
We all have our own ballpark ideas on what the OS figure will ultimately be; in my mind I'm figuring it will settle somewhere around 500M, maybe a little higher by the time we start generating sales revenue. I'm fine with that. If it is plus or minus 10%, or even +/- 25%, then... whatever, no big deal. If it's double or triple that estimate, I would be concerned. But I don't see that happening so OS shares isn't that big a concern for me. To worry about an extra 10 or 20% on an investment like this is truly a waste of time at this point. The only things to worry about at this juncture are continued funding, continued milestones, and a bit of PPS growth due to said milestones and related good news. We are in a good place!
I must respectfully disagree. It won't hurt at first because it won't hurt at all. First, warrants are already factored into my personal calculations because I believe they will all eventually be exercised. As far as an RS to limit the number of shares of dilution in the future, that is nonsense. It just throws a linear numerical factor into all the numbers.
Example only: Let's say there are 400M shares OS at $.50 ea., and for the example, I own 40M of them. If they want to raise $50M, they dilute by an additional 100M shares. There are now 500M shares and I still own 40M of them, so I went from owning 10% of the shares to owning 8%.
Now in a 10:1 RS, the initial 400M shares would now be only 40M at $5 each, same market cap. And I now only own 4M of them, still 10% of same market cap. Now to raise $50M, they issue 10M shares at $5 each. Now there are 50M shares and I still own 4M of them, or 8%. EVERYTHING is the SAME except the factor of 10 being applied.
The only real difference is the chance to uplist sooner with an earlier RS. I don't think I'm getting screwed either way. If I end up with 1/30th of my current shares but worth 30 times as much per share, who cares?
We need to stop telling people how badly they are going to get screwed. We are in a great place.
They are quite intelligent and they both work hard as well, which is probably more important! My wife and I are indeed very proud of them both.
I have yet to find a financial advisor who will say otherwise - kids have their entire lives to pay off a loan, but we only have a few years left to prep for retirement. However, WPI is $65k+ per year, and both my kids are there at the same time, so we are doing what we can to help within reason. At least with one doing Electrical, Computer, and RF Engineering, and the other doing Aerospace Engineering (minor in Astrophysics) they should both be able to land careers which enable them to pay off their loans early (even with each of them near $100K in loans).
Hopeful... Are these other areas places where a 1" incision is practical for insertion?
I'm just jealous that so many of you can pick up more stock... I'm tapped out! Two kids in college...
C'mon BigT, you're killing me here! I WAS in the money with my .47 CA!
But if it's gonna dip, it might as well be some of us taking advantage of it...
So basically it incentivizes CEO performance over a pre-set period of time in order for him to optimize his company's, and therefore also his own, profitability (or at least stock price!) within that time frame? That makes for a HUGE coincidence that this transaction came due a week after FDA approval! It certainly does look bad on the outside though. I hope in fairness they can get the word out about how it really transpired, lest their shareholders get screwed for the wrong reasons.
What exactly is an automated pre-scheduled sell? Why would anyone in their right mind pick a date some random time in the future and say, "Gee, I think I'll sell a few hundred thousand shares of my stock automatically on that day regardless of what the company or stock price are doing."
Is there some sort of a warrant option he got caught up in, maybe when he bought the warrants or shares there was a clause in the contract saying he had to sell by some certain date or event? It makes no sense other than two possibilities: 1,The seller really really random and illogical, or 2, He is smart enough to have gotten himself in over his head on a failing company and figured he had better put a couple million $$ more in his pocket before it all goes away. I don't see him as being quite that random.
Honestly, I (and I'm sure MANY others) would love to hear how this pre-scheduled automatic sale works and how he got caught up in it at such an inopportune time for his company. A solid, viable explanation could actually help them out tremendously. And I for one would like to see them survive and sell a few units; I think that having them out there with fielded Senhance systems will make SPORT look that much nicer by comparison.
CUIN2, I was very happy with my ISRG stock. I bought around 2003 at $11.65 per share. I dropped some at around $550ish and the rest around $750, both times to fund Titan stock purchases. As much as I'd like to have kept them, I'm quite happy with the direction Titan is going. And each time I sold, they had been stagnant for some time. I always thought they could run nicely again if they ever split, but it seemed they never would, and that was part of the reason I sold. But in the end it will all work out... I had put about $3500 into ISRG and turned it into 350K shares of TITXF with a CA of .47, so if/when we hit $10, it will be a 100,000% double play!
Come back while the getting is still good! We'll be sure to crank up some Rush in Vegas! (Any idea what Lerxst's favorite Scotch is?)
Insider's article (Titan is running...) is interesting but a little underinformed. They are implying Titan is pushing a few systems into hospitals as sales, although they eventually use the word preclinical. "The sales cycle on this sort of technology is pretty long, meaning the going is relatively slow..." The going isn't slow, but it might be if they were trying to sell systems. Also, they point out the Da Vinci is 20 years old... as if Intuitive hasn't done anything at all to update the technology in two decades. And they want surgeon feedback, but fail to mention the feedback we got out of Nicholson. With a little more research and some better insight, this could have been a really good article for us!
As for the TRXC article, that was REALLY interesting! I posted recently that Senhance (as ALF-X) was CE marked December 2011 and marketed starting January 2012; I knew about how dismal sales had been but I thought they might have picked up a couple additional sites in Europe by now - I guess not! And yes, If our BOD starts selling large numbers of shares, I would be greatly concerned. But ours is buying while TRXC's is selling. Anyone want to guess how long until TITXF PPS is higher than TRXC's? I'm thinking by February...
That's what I see now as well... Still a pretty darned respectable purchase! the 1.97M is his total after adding the 500K shares. Thank you SPORT and reno for helping nail the facts down!
Can anyone post a link to the SEDI filing? I couldn't find it on a quick search. I would be interested in seeing how it is worded in the filing.
I see 500,000 listed as value, not # of shares. 2M shares at .25/share.
And Welcome to the light, Bones! Glad to have you on board. To you and all other silent readers a.k.a. "Lurkers" (sort of has a negative connotation, but I don't see it that way - I read this board for a couple years before I finally grabbed an ID and started posting) Please chime in at any time! There is strength in numbers and additional strength in the diversity of answers and opinions we can bring into the spotlight.
I viewed early exercising of warrants as a measure to protect one's investment by providing capital to the company in these earlier stages when they need it most. There were a few contributors who were vehement that it would be stupid to do that. Well, I say Praise the Lord for stupid people, for their money is as green as anyone else's!
Next, someone will complain about the 40 million shares of dilution. But once the warrants were issued, the dilution was really already there. NEW warrants and NEW shares constitute dilution. Exercising of warrants was inevitable, so any thoughtful person already accounted for those on top of stated outstanding shares anyway.
It's like we are getting too much news all at once! I almost wish we could spread it out more! But I will reiterate my hopes for seeing $.50 today! I don't call it a prediction; I don't claim to have that level of knowledge. But we have a great product, a great team, and funding into next year.
And at risk of saying something unpopular, I will ask it as a question instead: Does Mr. Randall deserve some credit for this particular shot of revenue? Also note, no commissions paid on this. It sounds to me like maybe "the Rock" is finally rolling!
Do you guys (and gals, if applicable!) think this "news" drove yesterday's pricing upward? As a group, we tend to actively seek out any news related to Titan on a daily basis. I don't think we would have missed this if it was prominent enough to influence our PPS directly. I think yesterday's gains were more "business as usual" than having any specific motivating factor such as this revelation of proper insider buying.
Now that you folks have shared it here, I could understand it driving a more substantial bump for today. It probably merits a bit more discussion just to keep the topic active - the insider affirmation is huge news and could be a real driver of PPS for today and maybe tomorrow as well. Honestly, we picked up a few cents over the past few days, even when the general stock market was down. I was thinking we were probably due for a slightly down day today, but on the heels of this "discovery", I wouldn't rule out $.50 or more today! Fingers crossed, of course, but to me this deserves more than a casual mention. When people in the know are putting big money on a horse, you would do well to put your money on that same horse.
I wonder if the surgeons who are working hands-on with SPORT are allowed to invest and discuss freely, or if everything they do requires Titan legal clearance. Is there a point at which they are considered "insiders" because of their more intimate knowledge of the device? Maybe depends on the terms in their NDAs, but surely they do have some sort of NDA in place before driving the SPORT. But it is possible that they cannot invest freely once they sign. That doesn't mean they are as tight-lipped as they should be, if that is the case! Which all works to our benefit as well, assuming things continue to work as well as they have been reported to so far.
That's probably more of a BigT question, but given some of the announcements which have been made which caused trading to be halted, I would assume there would be some sort of halt applied, at least temporarily, for something as big as buyout news.
Why do you care what we do here? Why do you want us to move on to a NASDAQ stock? You are free to play with all the NASDAQ stock you want, and most likely we will join you after Titan uplists. Meanwhile, since you appear to be unhappy with us and most of us appear to be unhappy with you, why do you persist here? You could be happier by leaving us alone, and most of us would be happier as well. Your departure from this message board would truly be a win/win situation for all involved.
I think the TRXC FDA approval is much more beneficial to us than ISRGs. da Vinci had four arms poking into the abdomen. Earlier marketing info for Senhance showed four arms, but it appears the FDA only approved a three-armed version, and one of those looks like the camera, with the other two being two end effectors. They may have needed to submit the AI per the FDA's request to show that the approved indications can be accomplished with only two end effectors. Now that a two-handed device is approved, SPORT has a better "substantial equivalence" claim than TRXC did going into their submission process. Meanwhile, TRXC will probably be going after more indications, which will all be to our benefit. Just my thoughts and observations on the matter...
I am curious as to how many units they currently possess which are "production equivalent" and where/why each is deployed. Are they doing any other demo stuff such as trade shows?Do they have backup resources for the units deployed to the three training sites? Do they have sufficient staff available (maybe Ximedica personnel) if service is needed on the deployed systems? Just curious... but I do think about these things!
I did create that analysis! That was back in post 56955, as a reply to IITF who noticed and posted a link to a Titan presentation they did in June 2016 to analyze their market share opportunity. I took their estimated sales figures and put some pricing estimates around them to show the potential we are looking at. Granted, I had noted that it was after some Walker Blue on a late Saturday night/Sunday morning. Feel free to peek at that post and IITF's link in post 56950, which was the impetus for my analysis.
I figured if he has a viable theory it just might prove itself out. I don't know if there is a way to verify the new shares he believes are being "dumped" by Titan of they are only beholden to a quarterly report for such information. If there was another up-to-date source on this, or some other way to tell where shares are coming from for trades, maybe his claim could be validated, or alternately, blown out of the water. I do find in interesting that an article this morning claims Titan's current warchest of cash sits at $8.9M, which is more than I expected it to be.
So shouldn't we see the OS rising as these new shares are dumped onto the market? And given their current goal of uplisting, why would they want to suppress the PPS? I am trying to fully understand; I know it is complex with many contradictory forces competing...
Myke2, I still want to know who "they" are that you claimed were dumping share to keep price down because they were scared by the jump in PPS, and a rational reason why they would do that.
If you share actual valid insights, you might be taken more seriously moving forward, which could be to everyone's advantage.