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So basically doing what they should have been doing all along.
What will the reverse split be for? To get on a better exchange?
Let's hope they are smart enough to understand this reality. The press released specifically mentioned one of the duties of the COO would be "capital market involvement". What exactly does that mean?
So, is this announcement because of the letter sent last week or just a coincidence?
He and Hargrove are having a two man circle jerk while taking shareholder's money to the their bank account.
It appears they are still at a stand still. Correct me if I'm wrong but this paragraph simply says they are in active negotiations to restart operations.
But are they smart enough to actually do this? That's what many are afraid of is that these clowns are clueless as to how to best work the current situation. So far they haven't been smart enough to secure funding, keep from diluting the PPS to dang near nothing and have the company at a stand still from an operational standpoint. What you say is all very true. But we're not dealing with mental giants here.
Nope and I don't think anyone really expected one to be honest. But we do know they got it and odds are at least one of them read it. That's all we can do at this point.
That's been brought up on here several times before. There's been differing answers on the potential of that. Some say we have no "creditors" to pay. But if we owe Xmedica and Plexis (however you spell it) money and that's the reason they stopped working then we do have "creditors". We also are holding a two million dollar deposited from Longtai to if I'm not mistaken. So if we're unable to pay that back along with unable to catch up billing with the aforementioned companies then I'd say it is a possibility. But don't hold me to that. I really don't know.
But this type of silence cannot be good. I just get the sinking feeling they are dead in the water regarding operations and simply just sitting there looking at each other without a clue as to what to do next.
But here's the rub devicer, the more dire straits the company is in the less bargaining power they have on a buyout and the more leverage a potential buyer has. There are many of us who will completely lose our butts if this thing is sold for .50 on the dollar or less. Heck, there are TONS who are going to lose their butts if it's sold for less than a dollar/share. It's not just about if it can be bought out or not. The price at which it's bought it means a lot to a lot of people. I have no doubt it can and will be bought. But at what price?
They have no idea what to do is probably the reason for the silence. I find it hard to believe the amount of we received from the offering was enough to get operations back up and going. My guess is they are still at a stand still.
Maybe he knows about that "handshake" deal with verb and all the other chit you've been wrong about. Go blow on that a while.
I'd be curious to know why he thought that. This guy (that I spoke to) specifically said it was because of bad management as to why SPORT wouldn't make it. He never mentioned the technology/robot lacking as being the reason. He just mentioned management.
Nope.
What do you think a buyout figure would be? Pennies/share?
So you actually think SPORT will make it to market. Heck, that's more optimism than what many of us currently have about the outlook of SPORT. If I KNEW it was going to actually launch and get to market I'd buy another 50,000 shares. But I'm to the point where with each passing week of the status quo I'm seriously doubting it makes it to market.
I didn't even know the guy existed over a year ago. So I have no clue and when he told me he never mentioned stock price. But rather what the water cooler talk was within their company about Titan and their "threat" to Intuitive. Again, take it for what's worth. Just passing on info. It obviously is useless information to you that bears no credibility. Great. No harm no foul.
Probably so. Just passing on information. But looking at the behavior of Titan management either he knows what he's talking about or it was just a lucky guess. Because can you describe management's behavior as anything other than inept to this point?
To be honest I have no clue and didn't think to ask the guy. I don't think he was in upper level management. He's in OR supplies (sales rep) now. So my guess is he was in some similar sales rep capacity with Intuitive.
I wish I were BS'ing you. Trust me, I truly do.
I've recently spoken to a former Intuitive employee who told me that within the Intuitive company no one is worried about Titan because they don't believe SPORT will ever make it to market...ever. And it's because of whose running it.
Assuming the silence from management continues regarding key issues lingering out there. How long do you think it will take for the PPS to go under .30 then under .20?
Which is "literally" a notch above what you know. LOL Cheers!
Yeah, they've set their filters to reject it. Chris Seibert setup his filtered to reject anymore emails from me after the one I sent Monday, which was delivered and read. So they're getting them. LOL!
Just another lesson in life learned the hard way. I'll enjoy my weekend with my family, watch some football, and have some cold adult beverages. I stopped being pissed off last week. It is what it is. They are who they are. My focus and efforts now are to get my investment back and be gone. And if sending this letter helps do that then I'm for it. But one thing I do know. Just sitting back letting the company idle on in the direction it is now and not doing anything. Is all but guaranteeing a complete loss.
Actually they got my investment (and most likely yours too) based on misleading information. I'm not faulting you for your initial investment. But knowing what you know now, if you still think they are orchestrating some sophisticated plan. Then yes, you are very naive or in denial.
You don't actually believe this do you? The orchestrated plan entailed running out of money, bringing operations to a halt, struggling to raise money to get operations back up and going?
This is anything but a "carefully orchestrated plan". This is a jumbled, misguided, chaotic cluster f**k. If you actually believe there is a "carefully orchestrated plan" going on I'll offer you what I offered glg. I've got a start up company I'm looking for people to invest in. I'd really like your money....err...I mean "support".
Sent mine at 8:15 central standard time this morning. Couldn't wait until 9:00 am due to external auditors being on property and in my office this morning.
People have tried to handle this the "right way". "One to one" emails and phone calls have been made directly to management conveying their concerns. This has been going on for over a year that I know of, with ZERO reaction from management. Yet management has continued to dilute this stock, gotten caught with their pants down on failed fundraising deals, and put us in a position where we're at a halt due to lack of funds. So what the hell else do you suggest people do? Sit here and watch these idiots tank this entire investment to the ground? Which is where they are currently headed and headed their very fast.
People invest their money in companies and expect a good faith effort by management to be good stewards with their money. Can you honestly (with a straight face) say management has made a good faith effort in this investment? They've mishandled funds at every turn, sat on their asses while they should have been beating the streets, internet and every publication who would listen, to talk about SPORT. But they haven't. This company is on life support. What other "better" ideas do you suggest? Just sitting keeping the status quo isn't an option.
You can't really be serious. So basically you're saying a minority shareholder should just sit back, shut up and management has the right to do whatever they want with the shareholder's money no matter what? Please tell me you're not serious. These guys are circle jerking this company down the drain.
Hey, I've got a start up company would you like to invest? You are my kind of investor ;)
Yep and Chris Seibert as well. My email to him went through the other day. But now is being kicked back as spam. He must have not liked what I said and put my address in to be filtered. How nice of him.
I received the same message.
Ross Marshall just responded asking why he is being included on this email when he is not affiliated with the company. Have any of you gotten the same response? If so, are you responding and what are you saying?
I agree brother! They're not going to ruin our party in Vegas!!!!
If they don't respond in some form or fashion by Monday I think your ideas are spot on. Like I said in a post yesterday. The internet has given a voice to the "little man" and it can be a powerful one if done right.
CHEERS!!!!
And until something is announced (for the positive) it will continue to drop on a daily basis. There is NOTHING about this company/investment right now that would be attractive to potential investors.
Yet these morons just sit there and not say a word to its investors. NOT ONE FREAKIN' WORD. Which is mind boggling and alarming to the say the least. Almost like it is intentional.
I've got the same kind of luck. That's why I've been fighting the urge to just sell, take my massive loss and be done. When it comes to stuff like this going by my "gut feeling" can be misleading. My "gut" says sell and five months later they get bought out for price that would have made me a decent amount of money. Or something drastically changed in management which turns into a partnership with a big name and I'm left out in the cold. So I'm going against my "gut" and seeing where this lands.
10 am eastern time is great for me. Let's me get into work, have my coffee and get the email ready for send off.
PPS inching down closer to .30. Looking for it to be high 20's by tomorrow or early next week, barring any unforeseen good news.
Will you need my email address or will a version of this be posted on here for cut and paste capabilities?
That's the email I used and it didn't get kicked back and he's yet to respond. That's been two days ago.