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Five to six months is a lot of time for a lot of things (both good and bad) to happen. We know we have enough money to get us through year end and into 2017. The shareholder letter indicated they were actively looking not only for a new CEO but also non-dilutive ways of funding. Do we really know how the PPS would react if within a six month time frame we get a new CEO and an announcement is made they have reached a partnership agreement with "XYZ company" and they will be fully funded through commercialization? I don't think we do.
We've all been burnt by this stock and the majority on here are upside down in this investment. But it appears things are changing for the better and there are people in place now who are doing things the right way. It also brings some confidence that the people in charge now have a lot of skin in the game as well. That's plenty of incentive for them to do everything they can to get the most out of this investment.
After reading the shareholder letter from the interim CEO, are you more confident in getting a higher buyout number ($$$/share) than before these changes? I know before these changes many of us were praying for $1/share buyout number. Has this thought process changed for any of you?
I would also say $12/share is a lot more realistic now than it was three months ago. Would you agree? Not saying that will happen. But we have a helluva better chance now than before.
Mustang and those of us who sent letters, thank you, thank you again!
Been off the board a couple of days sick with this mess that's going around. But I was able to read the board a few times and saw the shareholder letter from management to us. Everyone who took the time to send these letters ought to feel a great deal of accomplishment and satisfaction as to what has happened since. Mustang deserves an extra dose for being the ram-rod. Thank you sir.
After reading the letter from yesterday I am very, very confident SPORT will make it to market and we will make money. Though the ride still may get bumpy along the way it seems these guys steering the ship have a lot of skin in the game like we do. And they aren't going to sit back and let it go up in flames. I can't recall every detail of the letter but partnerships, venture capitalist and other avenues are all actively on the table. That is re-assuring. These guys are going to beat the streets to get us to market. More things have transpired (to the positive) since the letters than it did in years before them. Good job guys and let's keep it up.
My apologies, I should have worded that better. It seemed most on the board were expressing the same thought. That the events at that particular time were good but it wasn't going to sustain appreciation in the PPS or interest.
I think we all agreed that the series of good news we received a few weeks ago was going to be like a sugar high. It would have a short term impact. Granted, we've been told the company has enough money to make it through the end of the year and "into 2017". Not sure how far "into 2017" they mean . But until more substantial funding is secured this is where we'll be.
And I'm hoping with the current shake up in management this is going to start changing very quickly in months to come.
Point taken. Either way, Titan is far from having done too much of either.
I think currently we are a long ways from this being a concern. At the moment, I think we are behind the curve in PR and probably need a little bit of "overloading" of the air ways with Titan's/SPORT's name. But we are a long ways from getting to the point he is describing.
Question for the board. In your opinion what would it take or what is it going to take to get the PPS back over a $1, then over $2?
What do you mean by "goes down"? We're trading in the .40's and haven't dropped into the .30's one time today, as we did yesterday for a brief moment.
Whatever that answer is (at the moment), it is better than what it was just a few weeks ago. Granted, a lot of work is still left to be done but there have been huge positive steps made in the right direction the last two weeks. Anyone saying otherwise is simply an enemy of this stock/company.
I maybe wrong but with the recent events of Hargrove being removed and Xmedica not only re-engaging but coming out making an over the top public statement of support for Titan. I think we can comfortably say that as of right now "Titan is" a company who is now making the right moves to get back onto the successful path it once was before November 2014. Hopefully we've seen our darkest hour and by the actions of the company over the last two weeks it appears they are ready to do things the right way. Let's hope it's not too late.
I agree with you. However considering Xmedica re-engaged only AFTER Hargrove resigned. It seems he wasn't viewed as the primary problem. Granted, I'm not saying they still would rather have him gone. But obviously not having him gone isn't that big of a deal with them-hence them re-engaging in the manner they did.
Broke the .42 mark this morning guys. We maybe on our upward march back to relevancy. Let's keep our fingers crossed.
An overly optimistic, waaay too early question for the board. With the momentum created by the recent turn of events within Titan. Followed with the disclosure (and assuming it is true) of Randall to Flenderson in his telephone conversation that the money we have will get us through and INTO 2017. What type of appreciation in PPS would we be looking at if within the next several months the Longtai deal is solidified and we get $25MM in funding from them or possibly other private sources not named shelf offering? I know it is purely a guess but would appreciate some of y'alls estimates on the type appreciation we could possibly see.
No doubt. He deserves the lion's share of the credit.
Which is why I think Fowler and Hargrove are gone. It has been repeated on here a million times of Fowler's disdain for investors and him constantly tinkering with the design of SPORT. Causing more work to be done on it. I believe Fowler's resignation and Hargrove's are directly related to this "clash" of personalities that is becoming more evident existed.
Was hoping someone on the board could make heads or tails of it for us.
You think so? I wonder how much Randall is viewed as "a problem", considering it wasn't until Hargrove resigned that Xmedica jumped back in head first.
Does it have to be a certain type of positive news or just any? I'm not adding to my position unless/until there's substantial good news released. Which I think having funding through design freeze/completion of development is substantial.
LOL! And you must have a stomach made of iron too!!! To be able to stomach the massive roller coaster ride this has been you have to have one.
I've gotten my cost under $1 so I'm done buying for now. However, if we get long term financing secured I may entertain adding to my position on the upswing. Because if we secure financing that carries us through design freeze, my guess is the PPS will quickly appreciate. How much is anybody's guess.
Didn't someone else mention SV Life Sciences yesterday? I agree, if either one of these gets a piece of Titan that's our confirmation that we're sitting on a gold mine.
I completely agree. This turn of events with Xmedica speaks volumes and points to a fractured relationship with Hargrove and possibly Fowler regarding Xmedica. I can't be sure about Fowler but we can definitely point to Hargrove and safely assume he was a major part of the problem.
Flenderson stated Randall said we had enough money to carry through the end of the year and INTO 2017. I certainly hope that does not mean they will go back to scarce press releases and going back to being MIA with regard to updates to the shareholders.
It seems the work stoppage wasn't over money. Though initially they may have used money as a reason to stop work. Going by their requirements we didn't even have enough money for them to start backup after the last offering. But all of a sudden that Hargrove is gone they are willing to start back up. Even though we still haven't met their initial monetary requirements.
I think it was a really good sign as well. I also have to think that if Ximedica agreed to start back development they did so with some form of knowledge/security convincing them they wouldn't be back in the same position three/four months from now.
I just can't see them agreeing to start back with the risk they could be right back in this same position in the near future. I'm HOPING them agreeing to re-engage the development is because they were shown there is funding in the immediate future.
I would think so. The most recent news was like a sugar high that created some positive momentum. But unless it is followed up with continuing good news and more substantial announcements (like getting funded). Then the sugar high news of last week will eventually wear off and the PPS will begin to decline. Hopefully by the end of this week we'll get a positive press release of some sort. But as already mentioned, if the press releases start going back to few and far between and very vague. The PPS will take a nose dive. Let's keep our fingers crossed.
Actually that's not the case. A lot of board regulars who bailed think it's headed to a penny and explicitly said so. If they had any glimmer of hope it had a chance to recover they wouldn't have bailed. So get your information straight before you start having diarrhea of mouth and acting like Billy Joe Bad Nuts.
I guess this is where my ignorance of how the stock market works so pardon my next question because it will probably be stupid. But why would people start buying at .21 when obviously there are just as many or more who think the company is about to tank and go to "zero"? Again, pardon the stupid question.
What do you mean "there's technical support at 0.21 us."?
For those of us staying in. What's next? They don't have the money to start back operations so what do they do?
When will we hear Longtai has requested their $2MM deposit back? If this thing is sinking like it is perceived to be on this board. You know good and well the Chinese aren't just going to let $2MM go down the drain. I'm surprised they haven't requested it back.
I don't know if they've given up as much as they're simply stuck. They don't have enough money to get back going and they've lost the confidence of what seems to be the entire market. The only thing I'm clinging to right now is the technology and the patents are worth something. Assuming they are then someone relatively on the cheap can jump right into the robotic surgery market and not have that far to go to bring it to fruition.
But if it turns out the technology wasn't as good as many said and the patents for whatever reason turnout to be worthless. Then we're all probably going to lose our entire investment.
Everybody is cleaning out their desks and shutting the lights out. The way this SOB has gone down hill I'm expecting an announcement after hours that they are shutting the doors.
It will keep dropping daily/weekly until management puts forth some news other than "we hope" and "we plan".
How long do you think the search will drag out? I can't remember who posted it yesterday, but someone suggested (in response to the press release) that the search for a COO was simply lip service. It might have been longtermgems since he likes to bring the darkness.
Unless something comes in at the eleventh hour the ole "Swoop in" is inevitable. Hopefully our shareholder letters that got them off their butts will mitigate any depreciation when the ole "Swoop in" happens. Because it's going to happen.
I just feel we have no choice at this point but to keep constant pressure on them. If we don't I firmly believe this investment will be a total loss. If the impact of our letters only results in the company being bought out sooner, I think that is a "win" for the shareholders at this moment.
We all know at the rate they're going there's no way they can go into 2017 with the doors open. Also, it is so late in the year that I don't think they will be able to seek out "capital markets" and secure any financing going into 2017. Unless something materially changes, the best thing for us is for a buyout by the end of 2016. Preferably get multiple companies in a bidding war to drive up buyout.
Since the emailed letter obviously worked why not do the same with a lot of these questions that have been raised about the contradicting press releases? Obviously enough of us emailed them to prompt them to act. Not to throw a project at 66Mustang. But maybe he could keep a template of a letter that could be interchanged with new information and questions that we want to ask management. We all copy and paste (as we did the shareholder letter) and mass email them latest letter when needed. Just a thought.
Then the letters, phone calls etc. need to continue. All of us have invested too much in this to let them sit back and get a free ride. I applaud those involved (66Mustang and the others) for being proactive.