Unfortunately I'm done buying. Even at these bargain prices. I wish I had the extra discretionary funds to invest more. But I've got to stick by my investing principles. When I was researching Titan back in early 2014, I did so with the strategy I would only invest money I could stand to lose. I would not put my family at risk by investing money that if lost would negatively impact them. So my last purchase was at .62/share which brought my average cost per share down to .96/share. It is very tempting (especially now) to dip into other funds to buy up more. But I'm not. I'm happy and content with what I've invested and am now looking forward to making a lot of money on what I've currently got.

Good luck to us all. I hope we all make a mint!!!!

And that's the "high risk" component potential investors sitting on the sidelines are running with waiting to invest. No one has a clue when this will happen. And once it is announced it's too late. The PPS will skyrocket. To be quite honest this could happen by the end of the week. For all we know the guy could already be working on financing dollars outside of shelf offerings. We've gotten so used to things moving ultra slow with Titan that we think this pattern of behavior will continue. I think that mindset going forward will be a big mistake. This guy's credentials and accomplishments tell me this will not be the case. I think people reading this board who are on the sidelines need to re-think waiting very long before getting in or back in. It could cost them a pretty penny by doing so.

Agreed, I'm doing everything I can to throttle back my enthusiasm. But the dots are simply too obvious not to connect. People like this simply don't make flippant career decisions without asking a lot of questions, getting a full view of the "lay of the land" and know what's already in place when they get there. The article someone posted over a year ago is coming to mind. The people who wrote the article said Titan (at that point) was severely undervalued and in their estimation felt Titan's true value (at that time) was $4/share. I'm trying not to entertain those prices just yet but it's hard not to.

I think it is. He's too smart and has had too much experience to blindly accept a CEO job with a company that from a public perception standpoint is hanging on life support. No way he would have accepted the job knowing the technology is years away and it would be a monumental struggle to get others to invest. The technology must be there or very close to being there for someone with his track record to accept the job.

I think the real indicator of how far along the SPORT technology is, is the fact our new CEO accepted the job. His credentials and experience tell me he knows what it takes to get products to market. There's no way he would accepted this position if he thought the technology was "years" from being "ready". I have no doubt he "interviewed" Titan the same time Titan was interviewing him. My guess is he wanted to be shown the technology, what it could do, and where the development process was with it. If he took the job then that (to me) speaks volumes as to how close we are to this thing popping.

I agree with your assessment. But Bet The Kids Tuition was talking about waiting until AFTER financing was secured before diving back in. Or at least that's the impression I got. If that was his plan I just felt like he was running too big of a risk of letting the PPS run way up on him and he would be "stuck" buying at much, much higher prices. Because I highly doubt anyone of us will know before it is announced that financing has been secured. Once it is announced I have no doubt the PPS will take off.

But I agree, between now and then I expect fluctuations up and down with the PPS. But did any of us expect the CEO to be announced on January 2nd? Regarding the months going by without any news from management. I maybe wrong but I think those times maybe a thing of the past. This guy's credentials and accomplishments lend me to believe he doesn't operate like that. We have gotten used to things moving so slow regarding Titan. I might be getting overly optimistic, but with a CEO being put in place quickly after the new year, things may start moving a lot faster than we've gotten used to. Here's looking to a great year for Titan and its investors. Happy New Year!

With the CEO being put in place so quick and seeing how he is very experienced with raising capital, M/A etc. I wouldn't be surprised if by the end of the month or early February we have a big announcement about funding. When/if that happens I think we'll go over $1/share fairly fast.

BKT, ultimately it's your call as to when you buy back in. But, I'll use today's example to say that you're running a huge risk in "waiting until financing gets resolved" before buying back in. We had no idea when the announcement was going to be made regarding the new CEO. We've had a decent size jump in PPS just on that news. My fear (if I'm you and I'm truly sold on the technology of SPORT) is in between the new hiring of the CEO and the announcement of the financing the PPS will have already appreciated. Then once the financing is secured the PPS takes off on you. Granted, I'm not saying you'll be stuck at buying at $5/share but you very well maybe "stuck" buying back in closer to $1 or possibly over.

Again, it's your money, your investment. But I'd seriously consider going ahead and getting back in brother. There's a big, big difference in buying in at .35/share than $1/share. Good luck in whatever decision you make and happy new year!

I wonder if the new CEO can quickly (within the first quarter) get financing without having to do a shelf offering. Would it give the stock enough boost and momentum to not ultimately have to do a reverse split? I would love to not have my shares diluted by 50%.

It seems this hire was a home run hire and going by this guy's track record. He knows what to do to get us back on track and to market as quickly as possible. I'm very, very excited about this hire.

We need to get a new CEO shortly after the new year so he/she can start bringing some professionalism and just plain "business 101" to this company. The marketing/"PR" or whatever you want to call it is atrocious. The new CEO must get this aspect of the business on track. Many potential investors are visual. Their eyes will ultimately lead them to their pocket books or the exit doors. If they don't see a viable, impressive product then they're out the door. As we've seen thus far...

I don't think it's a scam either. I'm just saying in my frustrations it has crossed my mind. If we can get a CEO in place shortly after the new year I thin that will be a big confidence boost and the bigger confidence boost will come with adequate funding. First quarter is crucial for Titan.

I've thought the same thing quite often to be honest. That this was nothing more than a scam, perpetual "science project" that was never intended to be completed. It also doesn't help when I've either been told directly from people who work in the field for competitors or online form those who claim to be associated with competitors. That their company isn't even remotely worried about Titan/Sport because they'll never make it to market. I've heard that more than a handful of times. We'll see. I'll be watching the first QTR of 2017 very closely because I think we'll know if we're going to sink or swim during this time.

No benefit at all from a lawsuit at this stage. As you said, most of the ones who caused this dumpster fire are gone. Our best bet is to let those left in charge to have an opportunity to right the ship and hopefully get us our money back and if we're fortunate make a little money to boot.

Yeah, same here. I've resigned to the likelihood this will be a total loss. But, as I stated several years ago when I first got into it. I didn't invest money that I "live off of". I'm well diversified in other areas and at this stage am anticipating losing my Titan investment in full. But I'm not selling. I'm riding it out til the bitter end. Anything above losing my entire investment will be lagniappe. I'm still holding out a glimmer of hope that somehow, some way this investment turns around. The first quarter should tell us a lot.

If this ultimately turns out to be the case. How does this not violate the fiduciary duties Titan has to their shareholders? Because if I'm a shareholder who bought in at $1.25, watched my investment get shot to hell over the next four years and drop down into the .20 range. Then decided to sell because it seemed the company just wasn't going anywhere. Only to find out later the company was purposely "sandbagging" the PPS because of some "behind the scenes wink and nod" agreement with a bigger company. I don't see how the company could avoid serious lawsuits.

Doctors are held in such high esteem (especially in the United States) it is just assumed that since they were smart enough to become a doctor. That same intelligence is transferable to every aspect of life, and that simply isn't accurate. My wife's side of the family has several medical doctors and though they are very good at what they do professionally. I've witnessed all of them make disastrous financial decisions in their personal lives. Many times doctors make awful business people.

We need a business savvy CEO, not a surgeon.

First quarter 2017 will be critical for this investment. If there isn't significant progress/"announcement" within this time frame we might see single digit PPS.

Oh trust me, I'm filing the election. But I have been amazed that I've asked tax accountants who are CPA's, MBA's and all other fancy certifications behind their names who know NOTHING about this. LOL!

I spoke with a tax accountant who knew nothing about it. He told me he would be surprised if the IRS agents would be able to explain it to me or even pick up on it on a tax return.

This doesn't pertain to your specific issue but don't you have three years from initial purchase to make the QEF election to cover shares purchased? I think I read that in the IRS instructions for filing for the election.

We need money to get to those milestones. As it stands now we've got enough to get us "into" 2017. Not sure exactly what that means but that's what has been told to us by management. I take that as no further than the 1st quarter. We desperately need to get the funding component taken care of or we're not going anywhere. I really hope we can get the CEO position taken care of and some form of funding that doesn't entail another shelf offering.

I don't see why you couldn't claim a loss on it regardless of the status. I think the status of the investment only comes into play if you have a gain.

NO! NO! If you legitimately sell you can claim your losses. I apologize for the misunderstanding. I was under the impression he was talking about the process of "removing the taint" of a PFIC holding.

Correct. You cannot claim a loss.

It would be nice to get that squared away by year's end. But I wouldn't hold my breath expecting it to happen. I don't see anything happening until after the Christmas and New Year holidays are over. It wouldn't surprise me one bit if the powers that be at Titan aren't already on their Christmas vacations. Maybe why the board member who was supposed to have a conversation with someone at Titan yesterday hasn't reported back like he said. Probably because no one is in until the new year.

Okay. Thanks for the information you did provide. Either way, it shouldn't take long into the first quarter to figure out if anything in the way of progress is being done or not. They are on the back end of their funds they have available. So they will have to make a move one way or the other in early 2017.

10 MORE?!?!?! Can you give a little more information or is that all you know?

At this stage in the game Titan is a long shot, a VERY long shot. I still (at times) sit and think it wasn't that long ago that this stock was trading at $2.50/share and trending upwards. Now look at it. Highly disappointing.

Agreed, we've all had our patience tested and 2017 needs to be a year of progress. Personally, I will be carefully watching what happens in the first quarter of 2017 as to whether I'm going to continue in this investment. Up to this point I've stuck it out and as long as there's a shred of hope and light at the end of the tunnel I will continue to do so. But if we get to the end of the first quarter 2017 and we're exactly where we're at now. I will more than likely take my losses, lick my wounds and go elsewhere. I'm not suggesting anyone else should follow suit. Everyone needs to do what they feel is best for them.

Until a CEO AND funding are taken care of, the stock is going to either stay stagnant or continue to drop. Any other news is nothing more than window dressing. Nothing else matters at this point except for the two aforementioned items.

Think about it from a potential investor's standpoint and shareholders who have been invested for years. Here's a company without a CEO AND without secure funding beyond the next three months. That's nothing to get people lined up at the door wanting to be apart of your company.

I think that has been going on for a few weeks now. Which maybe part of the reason we've seen a stagnation in PPS. We desperately need to get a CEO in place and some progress in the funding in the first quarter of 2017 or I don't even want to consider where this thing is headed. I'm just going to keep my spirits up and believe these things will be in place by the end of the 1st QTR 2017.

Yeah, "fierce competition". Yet most outside of Titan investors don't even think Titan will ever get SPORT to market. LOL!

My guess is not much in the way of PPS. Now whether or not it strikes interest in potential investors/partners I have no clue. But from a PPS perspective the only thing that's going to move the needle (right now at least) is the combination of hiring a new CEO AND getting funded. Outside of that I'm not sure what else is going to move this stock.

I posted several months back that I ran into someone who used to work for Intuitive that said people within Intuitive think this very same thing. Makes you wonder if this thought has made it to potential investors and that's why we haven't seen someone step forward and want to partner up with Titan? It does make you wonder.

Being this time of year just about everything slows down. I highly doubt a CEO is hired this month. In several sectors of business my wife and I deal in there are things that we are having to wait until "after the holidays" to get done. A lot of people use this time of year to use accumulated days off (use it or lose it). So I'm not going to get too nervous if we don't have a CEO hired by the end of December. But if we get into late January early February and still no CEO. I will begin to get quite uneasy.

Regarding hiring a CEO. Considering how bad this company has been run up to this point and the current consequences from the bad management. How attractive is the CEO job at Titan? Can we realistically get someone to take the job who has the ability to do the things needed to turn this investment around?

I assume hiring a CEO can be a lengthy process and definitely more involved than hiring a janitor. But at what point should we expect this position to be filled? I'd hate to get deep into the first quarter of 2017 still not having the position filled.

My guess is he once owned stock (possibly heavily invested) in Titan and decided at some point to get out and took a big loss. People tend to turn bitter after something like that. So when others buy into the stock and have hopes of making money. People like him like to linger around like a bad case of herpes to project their bitterness on new investors and also internally hope the new investors lose money as well. It just goes back to the human nature characteristic of "Misery loves company." We've got several on here like him.

For the rest of us who chose not to sell and stick it out. We still have hope and a chance to make money. They don't...unless they choose to buy back in. Best thing to do is completely ignore their posts. They'll eventually go away. You give life to what you acknowledge.

Completely agree. The kind of "news" that will move the PPS will have to be about the things you've mentioned. Outside of that anyone wanting to lower their average cost or someone wanting to get in for real cheap will be able to do so for the foreseeable future.

Literally every time I've added shares the PPS has dropped the same week and never went back to the price purchased. So I understand exactly what you're talking about.

And to think pre November 2014 it was holding above $2 per/share. If it were valued at just that right now I'd make some very, very nice money.