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Thanks. Please share their response if you get one.
I wondered about that as well. Sometimes for normal BMI pts without a lot of inflammation I use just 2 instruments for Lap choles. So it's feasible as is but I agree that sometime a third instrument is required to hold the fundus. I have thought about writing to the company to ask as well. I also wonder how instruments will be swapped ie clips, cautery etc.
Interesting article on R/S:
New research indicates that reverse stock splits are usually good for investors.
According to a new report by Cleve Rueckert, Birinyi Associates senior equity strategist, there have been 14 stocks in the S&P 500 since 2000 that have undergone a reverse stock split. Of those fourteen stocks, twelve were higher one year after the effective date of the reverse split, two were lower. The average gain was a gigantic 62.55 percent.
The best performer: Titanium Metals . Titanium Metals rallied 350% in the year following the effective date of its 1:10 reverse stock split on February 18th, 2003.
The worst performer: Tyco . Tyco lost 25% in the year following the effective date of its 1:4 reverse stock split on July 2, 2007.
Citigroup announced a 1:10 reverse stock split Monday, effective after the close of trade May 6, 2011.
I agree because I am one of those surgeons who is salivating and who uses the other robot. I use it for general surgery which is the next frontier for robotic surgery. My intuitive rep can't stop hounding me to find more ways to use it for general surgery. That is why it is so significant that the co-inventor of this technology is a well respected academic general surgeon.
I'm just glad to finally be in the green with this stock and my whole portfolio. I hope it keeps climbing up to and past FDA approval.
My guess would be major funding coming in. I'm sure Dr. Dennis Fowler has major connections. Look him up.
Wow! Kinda feel sorry for the person that sold 40k shares yesterday!...maybe not.
So you will end up with less than 50 shares. Why bother investing?
My pleasure.
What's wrong with people? I guess I'll buy more!
I've changed my mind on Titans strategy to market SPORT for gallbladder surgeries. I now think it's a great one. The da Vinci was first marketed for heart surgery. That didn't work. They than went to hysterectomies. About 600,000 are done a year. The average gynecologist will do maybe 1/week. Than came prostatectomies. 60,000/year. A very busy urologist doing robotics will do 1/week. It's only done for cancer. Since robotics that number is over 80,000.
Now enter cholecystectomy. Over 1 million/year. As a general surgeon I do on average 3/week. I sometimes use the da Vinci for cholecystectomies not because I like too, but because I need too in order to keep my skills up. As I've said before, a da Vinci single site surgery is tedious and not fun but the patients love not having a scar. The SPORT will likely be easier to use and quicker. Need I say more. LONG TITAN!
Intuitives single site gallbladder technology is very tedious. Once you have completed the long docking process, the instruments are rigid and give the surgeon very little mobility. I use the Davinci for general surgery every week. With SPORT. There is no docking! It's an insertable robot. I just don't know how the instruments would be changed. This technology was developed by Dr. Fowler, a renowned general surgeon at Columbia University. He did the first laparoscopic colon resection in the 90s. This was unheard of back than (I was not in medical school yet). He as always been way ahead of his time. You can look all this up online. SPORT is Licensed to Titan only! I would like to know from Realgenius who are the many surgeons who have developed the same thing and are "all over the internet".
It could be worries over where they will get another $35 million, not having a CEO, or the company staying in Canada. I'm a general surgeon that uses the Davinci robot a lot. I can see the SPORT being a better technology for a single site laparoscopic cholecystectomy but I think they need to market it for more than just 1 procedure IMHO. I'm also sure people are wondering about the amedeus robot and all the money that went into the R&D for it, I know I am.
Check the new pictures and video at the website. http://www.titanmedicalinc.com/
What does this mean?
I don't understand why when shares are bought the price drops. Usually it's the other way around...right? Any input would be appreciated. Thanks.
They probably wanted to use a different name of the technology... SPORT vs Single site that is used by Intuitive.
Exactly, they will have to wait for the patents to expire. Computer in motions robot was FDA approved first. That's why the sued intuitive who used similar technology before patents were expired.
Where people buying or selling this stock? It looked like shares were being bought.
Sector problem?
Hit $40.
Looks like a large move up.
Wow!
Probably less trading in anticipation of the annual & special meeting tomorrow.
That's better.
Why is the share price down even though it is being heavily bought?
The co-inventor of that technology is a general surgeon who did several first laparoscopic procedures in the 90s!
It sure looks like it!