None of us were privy to what the stated goal given to McNally by management during the hiring process was. For all we know they are of the mindset that too many mistakes have been made, the once huge money making potential of this company is a pipe dream, and all they want to do is get the value up high enough to sell above a dollar. Granted, selling at a dollar would cost a lot of shareholders their butts. However, for those who bought in under $1 it would allow them to either break even or make a profit. Granted, a lot less than they anticipated when initially investing. But there comes a point where you have to make the best of the situation you are in, not what once was. Granted, the above scenario is pure speculation.

So making the comparison between McNally and JH is an apples to oranges comparison. McNally has made more "right" moves in two weeks than JH made in years. In my opinion McNally was hired for one reason and one reason only. Get the company back on track, build as much value as possible, and sell. I know many would like for us to go at it alone but I just don't see that happening. I could be wrong. But this hire points to a buyout/M&A.

Did JH have the track record McNally has when taking the job? I'm asking a legitimate question, because I don't know. My guess is no. McNally has proven he can take companies, build value and sell for a nice profit. Did JH have that track record?

Someone with McNally's track record doesn't have that type success by getting into pipe dreams and life time science projects.

I just don't think he would have accepted the position if they were materially "behind" schedule. I also don't think he would have accepted the position if the technology wasn't what we all believe it is and can be. A guy doesn't have a track record like his by making bad investment/business decisions. I have no doubt he performed a thorough due diligence process on Titan/SPORT before taking this position.

Efficiency with resources is crucial for a company like Titan. Good to see new CEO realizes that too. Hopefully the good news keeps coming.

From the handful of people I've talked to from Intuitive (both current and former employees) who know about Titan. It wasn't the technology they criticized or laughed at. It was management. That now has changed...

How far do we go into the new year before we get funding news? Or posed another way, how far into 2017 can we go before having to have funding? Opinions?

My guess is he lost his butt and is now akin to a scorned lover. Now he's regulated himself to playing the part of the board Debbie Downer. No matter the news he's going to find something wrong or negative about it. He used to provide some good constructive criticism questions and points. But has digressed into over the top negativity regardless of the news. Which lends me to believe he lost his butt and is just plain mad.

I don't think it's silly at all. However, the unknown is how quick and how high will PPS jump the moment secured financing is announced? Just look at how quick the PPS shot up over the announcement of the new CEO. I can only imagine what the PPS will immediately jump to once financing is secured and it being announced on the heels of a home run hire of a CEO.

I guess it is the preference of the individual investor. But buying in at .40-.50/share is very different than buying in at .80-$1.00/share. Assuming the PPS doesn't jump higher. No one knows. That's the wild card in it. I get the concerns of investors like CUIN. "Burn me once, shame on you. Burn me twice shame on me" type thing. There's no "right" answer here. Each individual investor has to follow and stick to their own plan.

Are you waiting on them to announce a comprehensive financing plan before they have actually secured financing? Or are you simply going to wait until financing has actually been secured? I just have a hard time believing they are going to disclose a comprehensive financing plan with any sort of detail regarding potential funding sources before it actually happens.

Yeah, I don't get it either. But Titan investors who are in this for more than just to make a profit day trading, know the moves that have been made lately are huge moves in the right direction. I expect more moves to made this week and next. Hoping one of those "moves" is securing some financing that doesn't entail a shelf offering. That happens and the PPS should really start to move in the right direction.

I think McNally will move pretty quick with the financing. He really has no other choice. We're on the back end of the funds that they said (in 2016) would get us "into" 2017. We need funding and need it pretty quick. I'm just hoping that he already has deals in the works for funding outside of another shelf offering. He's started off on the good foot and I just don't think he would want to sour this momentum with a shelf offering this early in his tenure. But ultimately he has to do what he feel he has to do. So we'll see.

It wouldn't surprise me. Looks like McNally was either briefed or figured out real quick who the dead weight was and he's putting the ax to the foot of the tree. I expect to see a lot of activity in the next few weeks.

For those sitting on the sidelines waiting. We as Titan investors have gone through A LOT over the last several years. One of things we have been accustomed to (other than bad news LOL) is things moving very slow with this company. Months go by with ZERO activity/news etc. Giving people PLENTY of time to invest without any material share price fluctuation.

With the hiring of our new CEO I believe this pattern that we've become accustomed to is about to drastically change. I believe things are about to start moving very fast regarding news, funding, development etc. If you are currently on the sidelines with this investment and want to get as much bang for your buck as possible you may want to start moving money over and positioning it to be able to buy in or buy back in real quick. Granted, I'll be the first to say I'm not a financial adviser but this stock is highly undervalued and the moment funding is secured and announced. I believe the price isn't simply going to incrementally go up over a matter of weeks/months. I believe it is going to react immediately. Just my thoughts.

Completely agree. Unless a deal comes out of this I doubt we'll even know if they were there. I do expect something to happen by the end of January first half of February. It would seem money will have to be running thin and they'll need to make a move of some kind to keep operations going I would assume.

For those who have made an election to "purge the PFIC taint". Which election did you take? There are several election elections one can take to get out from under the steep tax rate the US Tax code has on a Passive Foreign Investment Company investment. (PFIC)

Agreed. This is what I was thinking as well. Start putting the content of the letter together here but give him a chance to address the investors first.

Are you as excited about this hire as many of us are? I just have a good feeling about this guy and think he will do great things for the investors and Titan as a company.

CHEERS!!!

Welcome back 66', hope your vacay was relaxing and re-energizing. I have a question. Do you think we will hear from D.McNally in the near future? Like this upcoming week or the next? If so, do you think we ought to see what his opening remarks are to the investors before sending another letter? Granted, if after this week (possibly next) we haven't heard from him then send the letter. Thoughts?

First off, excellent post. I appreciate your research and sharing it with the board. I to believe we are further along in development and I think that was probably one of the boxes that had to be "checked off" for him to accept the job. Guys who do what McNally does don't get involved with ventures where they invest an extended amount of time. They are the type who get in when the project is on the back end of the timeline and help push it across the finish line, then cash out. I just don't see a guy like him getting involved in something that he knows is going to take another five years minimum to complete. Like I posted in another thread. I think his (and the BOD) turn around time for SPORT is within a three year window. With the third year being the absolute worst case scenario. He's 54 years old. I highly doubt the guy wants to turn 60 and still be working on SPORT.

No one really knows what the plans and goals are for Titan. But I'd bet it was discussed in the interview process with McNally and so far his track record has been to build company value then sell. He's done it 100% of the time. So we'll see. I think we get an update of how far along in development we are within the first quarter. If he can get significant financing without having to go to the shelf by the end of the first quarter we're in business. Whatever the goal is for the company. It doesn't need to drag out for five more years. I don't think we have that kind of time and still be a viable option in the market. I think a three year window is the window we're working within and the third year maybe pushing it.

I know it's been referred to several times since the hiring of new CEO David McNally. But as Titan was interviewing him he was interviewing Titan. His comments after being hired give us this confirmation. I know we have a long way to go and there are a plethora of negatives we could all focus on. But I firmly believe this guy (given his track record of success in business) would not have touched this job with a ten foot pole if after his research/due diligence he didn't confidently feel like he could make Titan a success.

I'm anticipating hearing from him next week. I think what he says will help shape the next "investors' letter".

That is a possibility. He's 54 years old (still relatively young) and probably isn't looking to sit at the house and binge watch Jeopardy just yet. I hope he's not looking at Titan as a charity, hardship case and he's going to give it the ole college try but deep down knows it's probably not going to work. I really hope that is not the case...

Oh trust me, I completely "get" how frustrated and pissed off you and many other tenured investors must be. I'm pissed as well and I've only been in since June 2014. I can only imagine how y'all feel. Time is money and many of you could have/should have already made y'alls money and moved onto the next investment or bought a few beach houses. We're all in this together and on the same team. We need to remember that. I can be an a$$hole at times, but it's all because I want the same thing as the rest of us and feel equally as frustrated.

I agree there's too many variables at the moment but I have no doubt they have a "number" in mind. We can agree the goal is for a buyout. His resume/track record tell us that. Medtronic will be rolling their robot out in 2019 and I'm sure by then or 2020 there will be others in or very close to being in the market. I would think Titan would want to at least be entering the market within that window of time. Anything beyond that and the buyout number (I would think) gets lower. But that's me thinking out loud.

That's why I'm a bit taken back by a few investors talking about "in the next 36-60 months". I doubt it will take him that long. I do wonder if they have a buyout goal in mind? There's no way they are expecting to quickly turn this around within 18-24 months and sell for $20/share. I assume they have a goal in mind of what they think they can realistically get within that time frame. Thoughts?

You're right, they don't. Which makes me wonder what was discussed during David McNally's interview regarding the direction the BOD wanted to take the company? This is pure speculation but going strictly by McNally's track record. One could reasonably assume the discussions between McNally and Titan were along the lines of "We want to build the value of this company up and get it sold as soon as possible." If it weren't then I don't see why they would hire someone like him. Because that's what he does.

Granted, I may ultimately be wrong but you don't hire someone to not come in here and do what he does best. We shall see!!

Yeah, I thought about you when I was posting about the tenured investors. There's a difference in a long term investment and a life time project. This has long past a "long term investment" for many like you.

We'd all like to be bought out at the highest possible price/share. But you have to look at it from other individual's perspective's as well. You've got a lot more tenured investors in Titan who bought in at .30/share (some a little lower, some a little higher) who've had their money tied up in Titan for many years. Many didn't have any intentions of keeping their money tied up this long in this company. It's been dead money to them and dead money means it's costing them money in the interim. I don't know what your cost per share average is but to a lot of Titan investors a $4-$5/share buyout would be welcomed and a huge "win". Think about it, someone has 100,000 shares bought at .30/share. They've had this money ($30,000) locked up in Titan for ten years. That's a lot of waiting and a lot of money for the average man. So for $4-$5/share buyout they can walk away with $400K-$500K and a huge gain. I'm sure many would take that buyout price in the next 12-18 months rather having to wait an additional four years to get a few dollars higher.

For me personally, if they were bought out at $4-$5/share it would materially change me and my family's life at 40 years old. It's relative to each investors situation.

I fully expect staff changes within the first quarter of 2017 and Randall and Rayman being gone is one of them. I just don't expect them within the first two weeks. I anticipate this guy is coming in already with a plan, not coming in then starting to thin about a plan.

Thanks for you thoughts. I certainly hope it's not going to take ten years for Titan to get to $10/share. But, as you've alluded to, I don't think it will be around that long. I believe this guy is coming in here with the sole purpose of positioning Titan to be bought out (M/A). I maybe completely wrong but guys his age and from "his generation" aren't like the old school guys who live and die with one company. They are in the business of "flipping" business ventures, making their money and going onto the next venture. Going by this guy's track record I expect Titan to be done like his previous stops.

What do you think is the likelihood of him positioning TITAN to do a M/A? Or do you think he's going to try and take SPORT to market alone?

Anyone expect to hear a word from our new CEO at some point next week? I'd love to hear his thoughts on the immediate future and his plans on getting through the next six months. Hearing from him could also help form the next investor's letter that Mustang will be putting together when he gets back from Mexico. Really excited about the next six months and beyond.

I specifically asked you what you were worried about the new CEO doing and you explicitly stated "RS". I assume that meant Reverse Split. Who "brought it up first" is completely irrelevant. It's that you are already concerned that's what he's going to do. Ultimately, that very well maybe what happens. It's like someone going into surgery. It's a given that there's a chance you may not make it out of surgery. You may die. But you don't need a guy standing right there by you every waking second reminding you that you might die in surgery. It's understood. Every negative aspect of the ordeal doesn't need to be brought up every second. Don't be "that guy". We are all smart enough to know there is still a chance for this investment to go wrong. But for love of god it doesn't need to be repeated at every turn that we may not make it out of surgery. We get it.


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At times he's given a healthy dose of needed skepticism or "devil's advocate". But there's a fine line between constructive skepticism and just outright looking for the next crisis to worry and complain about and I think that's where he's currently at and has been for a minute.

One of his "requirements" for him to begin to think about reinvesting in Titan was to hire a solid CEO. They did that. From all indications (on paper) it was a home run hire. The guy hasn't been on the job for three days and already he's worrying about reverse splits. REALLY?! How about give the guy a chance to get funding before starting the hand wringing about reverse splits? I don't give two pickled turds what he says his "intent" or "motive" is for being so "skeptical". But when someone has already jumped to talking about red button catastrophic R/S's three days after a new CEO is hired speaks volumes. It doesn't line up with what he says his intentions are. Walks like a duck, looks like a duck and quacks like a duck? It's a duck, every time.

Didn't really care if you were or not. You're just here to be an antagonist and simply calling you on it. Cheers

Do you think that's going to be the guy's first option, a RS? If that's what you think then you already have your answer on what you should do regarding whether to reinvest or not in this stock. And if you think that ultimately that's going to be what he has to do, because he won't be able to find funding. You already have your answer. Don't invest.

What exactly are you talking about when you say "...we have to do this or that because of the mess that was left by the last guy."? What specifically are you worried about him doing?

I agree. Let's give the guy a chance to see what he can do first. Good lord the guy hasn't been on the job a full week and we've already got people waiving the white flag on this guy. I go back to what I said the day he was hired. Taking into account this guy's track record and credentials. I'm pretty confident in saying he didn't just take the job without asking questions and doing his due diligence on SPORT/Titan. One would have to think after he did his due diligence and learned what Titan needed (money/funding/further development). That his acceptance of the job means he thinks he can get the funding and support to get SPORT/Titan to market or in a position of partnership, M&A. I highly doubt his acceptance of the job was because his first plan of action was to do a massive RS or sell the company for pennies on the dollar.