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They sell now and buy back in after dilution is exactly what good ole Marty bernholtz was doing. Of course he knew the offering ahead of time and had insider knowledge. Other then that guy being slime and helped erode trust in Titan that put this company on the edge, if he knew the company was 30 days away from IDE approval- he wouldn’t have sold.
McNally had to come in and help rebuild the reputation of Titan that they will have a next generation world class robot and he’s done that. Before it was a vehicle for bernholtz to pad his wallet. The bidding war has or will begin shortly. IDE approval is a stamp of confidence by the FDA in Titan.
Of course it is going to be diluted, do you really think the partner will not want a piece of the company when they provide the $125M. lol that u think the partner will just give money wo taking shares.
U say it will go down to a buck, I say it won’t.
U said it was going to go down to 70 cents so sell and buy back then and it didn’t. I said it wouldn’t.
Spot on livendi
ISRG could offer cash and shares of ISRG - think about the 100's of billions of revenue that it would protect and generate for ISRG over the next decade if they were to lock up Single Port. If they were to come in and outbid everyone, Medtronic and JnJ would have to find another Single Port System that is 4 months from Regulatory approval. On top of that, the Intellectual property that ISRG would acquire would help significantly offset the IP coming off protection in 2020.
Poor Stryker, what in the world are they going to do. This could be an unprecedented buyout - maybe double, triple Auris. Reminder Auris was acquired for $5.7 BILLION.
On another note, I can't believe ISRG doesn't come in and make a substantial bid for Titan. If they were to acquire Titan SPORT platform, they would LOCK UP SP for over a decade. The IP protection it would provide would be priceless to them.
Best case scenario for any long is for a bidding war happening behind the scenes right now and the reason another Friday has come and gone with no announcement of a raise.
That is your thing and your thing alone. Any other investor has their thing yet you like to try and tell people that your thing should be their thing. I'm amazed that you can't see what is going on in this space and with Titan. You've been invested a long time and had a front row seat to what a company in this space SHOULDN'T DO in watching TRXC (trixie). I would absolutely prefer being invested in Titan than TRXC, I am glad that I picked Titan over Trixie.
The only thing I would do differently is my timing, got in way to early. The system they had would not have been a commercial success and whatever factors led them to make the changes to deliver what we have now, I am glad they made those decisions.
I don't care what happened 3 years ago (let it go), All I care about is them getting IDE approval. Then I only care about the clinical trials going well. Then I only care about regulatory submittal. All of this means I am only looking forward and that is all i care about. I think McNally is doing a good job of shepharding this to completion and regulatory approval which makes this a higher value then the Auris Deal of $5.7B
One last thing, I don't get as emotional as you do so that is why I am not pi$$ed and have wild emotional swings. I also have the shares i bought and own and invested in. I am pretty sure if I followed your strategy, I would be in the exact same position as I am in now and have gone thru a lot more transaction fees with my broker and more stress. Just 7 months ago, your advice would have cost me 1/2 my shares so it is difficult and inaccurate to say someone would have 3x as many shares if they listened to you. And now you are telling them to sell now b/c massive dilution is coming and buy back in around $1 and change. If they sell now at $2.20 and wait for a pull back that may or may not come. Well if it doesn't come and it moves up on some news, that investor could lose 1/3 to 1/2 of their current shares.
Well your average "Helen" at least knows where I stand on Titan - been consistent and transparent. That is all your average investor wants when they come looking for info is to know that the info in front of them is consistent and transparent (whether they agree or not - that is at their discretion).
When the "average investors" see information that swings wildly from one source, that should give them pause as to the credibility/motives/intentions behind that info.
AND to be clear, I have invested (not traded) titan, this is a long term play to help provide me a cushion in retirement and maybe shave off some working years. I only invested b/c IMO it was an acquisition target. I found this time sucking board and from day one have said that I believe it will be JnJ/Titan/Verb/Auris. Now will I care if I am wrong and Medtronic came in a offered a better deal at the last minute..the answer is emphatically NO. I don't think anyone will care if $8 Billion was coming from any "biggun".
You have no clue what will happen to PPS (less remind you of your $1.20 to 70 cent prediction), you have no clue if it will be delayed. Recent history indicates they have hit their milestones (but what about 5 years ago.....blah, blah). It is about today and Titan is going to be getting IDE approval by October. Titan has never, never, never been this close to regulatory approval. The robotic space is a sellers market for platform and Titan has the goods. The best case is a bidding war by 3-4 bigguns b/c the acquirer of Titan will have a huge headstart on the competition and will make up significant ground on ISRG.
JnJ/Titan/Verb/Auris until the ink is dry on the contract.
Are you kidding, they can't release a name that isn't approved!?!?!?!?
Man it happens all the time and when it gets the approval they throw a small TM to the top right of the name. WTF
There it is, knew we were going to get the "here comes the offering this Friday" post.
#bernholtzplaybook
I've seen the trademark info - noticed that Titan's attorney prosecuting the trademark is Knobbe Martens, same law firm Auris uses (love how you always fail to point that out).
Why would i be embarrassed, you rinse and repeat everything, you can't let go of the past, you can't see the future and you can use a calculator to do the same math over and over. You don't think $3 Billion buyout by a biggun is the same as a $3 Billion buyout by a biggun b/c RS.
#Bernholtzboy
That was my point. I know they aren't Titan's that is why I put it out - you act like having ENOS trademarked "in time" is the end all be all. Its not.
JnJ/Titan/Verb/Auris
That's my due diligence, now put the calculator down and come with something of even the slightest value
I am not sure that ENOS is going to hold anything up
https://trademarks.justia.com/871/95/enos-87195519.html
https://trademarks.justia.com/864/02/enos-86402677.html
https://www.google.com/search?rlz=1C1GGRV_enUS751US751&q=ENOS+TRADEMARK&tbm=isch&source=univ&sa=X&ved=2ahUKEwiCs5KD_ZjkAhWMrVkKHZBABIUQsAR6BAgJEAE&biw=1280&bih=743&safe=active&ssui=on
While the zaring hire has me curious, yes, I still believe it’s:
JNJ/Titan/Verb/Auris
I think you mean, "why would anyone buy a spine robotic system to compete with ISRG's soft tissue robotic system?
JNJ/Titan/Verb/Auris
This thing is ready to roll, I’m as excited as I’ve ever been with Titan. We r 4 months away from regulatory submittal. Just over 30 days until IDE approval.
The dominos are falling- Medtronic starting to show their hand in September 24.
Again, they don't need human clinical trials to get regulatory approval outside US
No I don't. It would be idiotic to invest in this for the long term and then all of a sudden try to trade in and out of it for short term. It would be the dumbest move anyone can make. Imagine if I focused on the short term when you said to sell at $1.20 and buy back in at 70 cents, that SHORT term focus would have cost me over 50% of my shares.
What about it? They don't need IDE for regulatory approval outside US. In fact, the IDE process is designed to SHORTEN 510k and FDA approval process. If Titan gets approval b/t now and October and complete human clinical trials by Dec. All that is left is FDA submittal. They can submit right now with what they have outside US
They have all the need right now to submit for regulatory in Europe, Asia, Canada. I still see regulatory submittal by end of Q4. Outside US will come first, no doubt.
So says the guy that thinks Titan Spine is going to rival Da Vinci platform
Look at the Big Brain on Brad.
Well first off, my advice to anyone on this board is don't sell all your shares and buy warrants that expire worthless. Other than that:
JnJ/Titan/Verb/Auris
So u r saying that Titan spine is the surgical robotic platform that they plan to introduce on sept 24 as a rival to Intuitives da Vinci platform. Do u also think that Titan spine is a soft tissue surgical robotic platform? Really, might want to research the difference bt ISRGs platform and what a spine robotic platform is. They are night and day. Don’t even operate in same space. So by thinking Titan spine is the same as intuitive is not a good look for you - sounds like u r misinformed
Have to have some patients
Well that might explain the rebranding to ENOS - can't have titan spine and titan medical......
Look John Nash, if it is 95M Shares outstanding - $8 Billion buyout is $84.21/share. Pretty Simple
This is what you are asking, we will do numbers to make it easy for you to understand.
Total Shares Outstanding - 96M
3-1 RS Total Shares Outstanding is 32M
Let's say as an investor I hold 9000 shares.
RS I hold 3000 shares.
The Buyout is $8 Billion
96M shares outstanding - $83.33/share - 9000 shares - $750,000
32M shares outstanding - $250/share - 3000 shares - $750,000
I want either b/c they are the same. Do you want the Red Apple or the Red Apple.....
So u r saying what would sound better that BIGGUN PAID $3B for Titan or the Biggun paid $3B for Titan.
What does it matter if they do a reverse split and the buyout is $8B
Payout is still the same, do the math, apparently u can add
Yes he is
Think of the milestones as warrants, last thing you would want to do is treat anything as an absolute, sorta like saying I am going to sell all my shares and buy warrants b/c they will be in the money and then find out things have changed and they expire worthless
As of this second those milestone timelines haven't changed - Q4 regulatory submittal.
Is it all the employees Titan has that tells u they are going it alone? Is it all the service people, clinical personnel, HR, sales people, manufacturing, customer service, quality and regulatory people they are hiring that indicates they are going it alone? Please do share what leads u to believe they are going it alone? (If u say bc the CEO said so then how come u would believe that but not when he describes Titan as a once in a lifetime oppty. Or when he says that Titan will change humanity. Or when he says that Titan is the next generation of surgical robotics. Or when he says that the top robotic surgeons in the world believe in Titan’s platform. Or when a world class company like Teleflex agrees to develop world class ligation system just for Titan. Or when Chad Zaring leaves Medtronic to jump on w a non starter company, as u say, like Titan)
They are 4 months from regulatory submittal. How many companies do u know with “all your experience” that have 8 employees being 4 months away from regulatory submittal?
And when you say Randall told you, this was the same guy that said all the warrants will be in the money.
Anyone going to buy warrants, confirm with your broker if you can exercise them as us citizen. I was told I can't exercise them, all i can do is resell them - so i am not buying warrants. Doesn't mean someone else can't and also it appears the warrants available in the market place have not been split 30-1 yet, which means you will need to account for that. I.e. taking HH777 example and someone purchase 195,000 warrants, when you take into account reverse split that will equate to 6,500 warrants. Do the math on that and it appears I am better off buying the common shares.
Can I trade Canadian warrants?
Yes, you can trade Canadian warrants, however, most Canadian warrants are not exercisable by U.S. citizens. Please contact us for details.
Per Broker websites
Broker told me that we can not exercise the warrants, we can only sell them. But then again when you talk about brokers (the lehman and bear stearns type guys), they don't know squat
Real simple chief, non-canadiens can not excercise them. So I would have to buy them and then try to resell them.
Paying them with what? You said they have no money. Wait, didn't you sell your shares at $1.20...good news is you can buy back now you will have half the amount of shares you had a month ago.