Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Here is the IP award announcement for Titan!
TORONTO, ON--(Marketwired - June 19, 2017) - Titan Medical Inc. ("Titan" or the "Company") (TMD.TO) (TITXF), a medical device company focused on the design, development and commercialization of a robotic surgical system for application in minimally invasive surgery (MIS), was named "Best Canadian IP Department" at the International Legal Alliance Summit & Awards (ILASA) event held on June 15, 2017 in New York City. The event was organized by the Paris-based Leaders League and gathered more than 450 senior representatives from leading law firms as well as general counsel from more than 40 countries. Winners were chosen by specialized jury panels and the full list is available here.
Separately, Intellectual Asset Management (IAM) named Jasminder Brar, Titan Medical's Director of Strategic Development and Intellectual Property, to the 2017 edition of IAM Strategy 300 - The World's Leading IP Strategists. The guide lists the individuals that in-depth research undertaken by a team based in London, Washington, DC and Hong Kong has shown possess world-class skills in the development and rollout of strategies that maximize the value of patents, copyright, trademarks and other IP rights. This is the third consecutive year that Mr. Brar has been included in the guide. The 2017 edition can be found here.
"Intellectual property is vital to our success and we are thrilled that our efforts and accomplishments have been recognized by our peers," said David McNally, President and CEO of Titan Medical. "ILASA is a prestigious annual event and we are honored to share the award for Best Canadian IP Department with Bombardier Aerospace, a giant Canadian innovator."
"I also want to congratulate Jasminder on his inclusion in IAM Strategy 300 for the third consecutive year and acknowledge his leadership and know-how in advancing our intellectual property efforts."
Slick, like I said before, we kind of all assume Titan's got the goods. Money and time are the problems. Look at Surgibot. That piece of garbage sustained a reasonable pps, and continued investment, all the way to regulatory thumbs down. SPORT should be 1000x a better machine for 100 reasons.
My fear (and I can live without my investment yielding anything but my wife's ire and some toys I really wanted before I get too old to use them) is that they will be forced to hang it up. A firesale won't bring in but pennies a share, at best. If McNally quits, also terrible. I'd love a partnership; I'll take a legitimate buyout if I can break even near 75% of my average buy-in.
I don't have enough investing experience to know if a company like ours can hang in there for a few years at such a pps as now. Certainly, without positive pops, the incentive to invest more or gather new investors is shot. Dilution may be the only thing that saves us at the expense of years to yield value. Again, my engineering and scientific experience tell me SPORT is for real.
But, we need real, substantial, positive news, steadily for the next 1-2 years. McNally can not avoid that fact. No more business as usual under the old regime; crickets for months at a time.
Hell, produce a new video. All tech start ups use video nowadays.
It can be done without giving away secrets and inviting paetent scrutiny. Titan has been perpetually stupid about PR. It has to change.
If we can get to announcing just 'regulatory submission' the entire picture will change dramatically.
Thank you for the report.
I think they have the goods; only question is getting the cash to keep flowing.
Cheapest option for them. Hell, he should have the job down by now.
Slick, the same thoughts occur to me. How can we be at .15/share with the progress made so far, patents, exposure, SAB, etc..
We were once at 2+ dollars with nothing to SPORT except CGI renderings, ideas, and some minor chatter. Our design was not ripped off, shows real promise, is fairly close to completion, protected by patents, quality Ximedica input, good response at shows, and on and on. Shit, apparently it is functional! Of course it needs important finalizing work, but Jeezus, no one wants to take this bet. Medical companies are full of cash and robotic surgery is begging for a next competitor and options.
Sickening and unreal. We need a real frank update on what is going through McNally's mind because it don't make sense to me.
And we need press, press, press.
#1)Investors, including management, can buy right this moment at an absurdly low price; why wait? goto #2
#2) If there was investor demand we wouldn't be at this absurdly low price. goto #1
Feel the pain.
We need big, hardcore, truthful, NEWS!!!!!!!!!!!!!!!!
What I'd really like to know...
... is what SPORT is currently missing, that if finished, would allow it to (begin) to go for a CE mark. If it is already a fly-by-wire system, manual-controllers to end-effectors, has the optical system in place, has the station form factors in place... what else does it need to start getting things in place for submission. Software, hardware, suppliers? Is Ximedica still working for us?
All along, what has been the holdup? Would gobs of money even accelerated this development (barring the Ximedica hold which was truly? due to non-payment issues)?
What is missing here that needs to be quickly sewn up and allow the announcement of some news that will move this thing along to garner institutional investment? 'Design Freeze', 'Clinical Trials', 'Animal Studies', 'Software Validation', 'Regulatory Submission'. Those are the words that will put this company on the billboard.
I can't believe even Hargrove, Ximedica, Rayman, Fowler, and the Board, and the SAB were so GD off in their reasoning that they could announce we would have been going to market by now.
Was this really about just getting monthly paychecks and stringing us along?
What are the technical components that need to be wrapped up? That's all I want to know right now.
Not to mention the wife!
Basically they are saying all we've got is some patents that we can't afford to protect, and that other companies will beat us to market. It's a prelude statement to closing up shop and selling any assets.
So, the only hope is someone buys us lock, stock, and barrel to finish SPORT and compete. But we have no leverage to set a decent price because we are currently f*cked.
Nobody is following the patents of this POS. Never did!
This f*ckwad of a company has been begging for an article entitled "Will Titan be the next ISRG?" to be published in the Wall Street Journal. Never saw it.
Played close to the vest the old Hargrove way. Next thing I expect to see is that McNally is leaving. Mark my words. Please, a firesale to get us to $1 and I'm out.
Your partnership theories are patently ridiculous given the behavior of the stock.
Vipul has little or nothing to do with Titan's current situation, or improving it.
Titan has failed to gain ANY organic traction in the commercial speculative investment world.
Only explanation: we always have been and still too far out from regulatory submission. Not the story we were fed by the previous incompetents, including Randall.
My guess (as of this mid 2017 date) is still a solid 1-1/2 years away from submission, even if the money needed becomes available.
Worst mistake financially I ever made was buying the hype over 3 years ago.
And those who kick themselves for never investing in ISRG, and who can't afford to do it now, will consider Titan.
IF it PRs properly. That PR MUST include the timeline for SUBMISSION for CE/FDA.
I honestly don't think Hargrove, Reiza, and even Fowler knew their asses from a hole in the ground, in regards to developing a high tech product.
And ask yourself, WHY WOULD THEY HAVE??
Agreed. You are absolutely correct.
This penny crapola we've been putting up with FOR YEARS, in addition to being a non-entity on an exchange in Sh*tkickerville Canada, IS THE REASON there is no impetus for anyone to invest REAL money. I mean REAL MONEY, not even the 500k share guys on this board.
If Titan gets on NASDAQ with the right fanfare and exposure, PPS will rise, after falling initially. Acknowledged that RS has a bad rep overall.
The only real gamble is at what RS ratio gives us wiggle room so that we are not booted off during dips.
We need to get off of this crap Canadian exchange. It is unbelievable that Titan is still off the investment radar at this time, in this medical tech market. The current exchange is the only plausible reason.
Yea, and the chief nitwit's daughter still claims publicly to this moment to be a VP at Titan. That's ethical.
Only in this nightmare for 3+ years but of course I feel your pain. Never saw a situation where good news only leads to more stagnation. This is the strangest stock situation I've ever been. It defies understanding. Sometimes I'll not look at pps or this board for a few days and just think I'll check to see some TRULY massive piece of news, or some REAL pps increase that is not going to evaporate within days.
Titan sucks big time, all the time. And don't ask me why don't I sell. In too far. And I believe reality has to catch up with us sometime. What other company is this far along, with these names. Oh by the way, is Paige still VP of worldwide sales?
Get on a real exchange, McNally, or you'll be the next Hardlygrove.
Referring to general topic of this discussion by way of referencing Mr. Brar's appearance on panel.
OK, Mr. Spock? Go analyze some urine.
You are right: Even a crazy rumor in the right media (not this board) would be seeing us hit on very high spikes, and getting attention. There are not even rumors about Titan out there.
I think Mr. Brar makes his money and gets his percs and kicks by being a top speaker and consultant. I don't see why he works for Titan at all. He doesn't need them. I think he just took the job because he is curious about their IP situation and potential. Decent paycheck and all the free-rein to do anything else he likes to do. He'll move on shortly to someone paying top-dollar.
TRUE! Titan has been "nonexistent" for the last 4 years.
Mind-boggling. The only rational explanation for the PATHETIC valuation from the market is that we essentially are not on "the" market. Just a listing on some Canadian Sh*t-Show stock exchange.
That is the ONLY possible explanation that I can come up with after 4 years of eye-gouging disbelief that this incredible speculative play (backed by real science, solid IP, an acknowledged HUGE potential market, big medical names, a FINISHED-LOOKING prototype, etc., etc., etc.) can only garner a GRAND FREAKIN' TOTAL of twentysomething cents a share.
McNally should be in DISBELIEF also.
Yes, the janitor says the place is, "ready to rent... as clean as a whistle; no one was ever there, no visitors, nuthin' going on, except once for that old guy who looked like a hillbilly sleepin' under the desk.".
Maybe Verb will give us a cash infusion, now that we are partnered. LOL!!!!!!!
Same ole' sh*t. Over and over and over and over and overandoverandoverandover........
Look at the 3 year graph one click away on the page you are looking at.
Unless REAL (REAL) F*'ING NEWS BREAKS, all else is manipulative BS!!!!!!!!!!
This stock HAS NEVER MOVED on back channel information. There never has been any. As hopeful as I am for McNally, this is still a fool's gambit.
GET ME TO FREAKIN' $1.87 and I'll be ready to sing another tune.
Oh, and by the way, Paige Hargrove still claims to be a VP at Titan.
You should listen to me; I'm a VP at Bank of America!
Thanks to Paige too. Apparently she is still our VP.
Or, she's just slacking off the money she stole from us with JH's help and RR's blessings.
LINKEDIN
Paige Hargrove
Vice President, Worldwide Sales at Titan Medical Inc
Current
Titan Medical Inc
Experience
Titan Medical Inc
Vice President, Business Development & Worldwide Sales
April 2014 – Present (3 years 1 month)
That's because I know more than you.
This Patent is for a very specific form of tool activation. It may be novel (per being granted a patent), but that doesn't mean it sews up other methods of tool activation. Obviously, cable and rod activation of tools is as old as machines. If anything, this actuation method appears to provide for multiple control rod (thin, small, flexible, and possibly rotating in addition to longitudinal motion) to be delivered via a "cassette" mechanism which itself is actuated 'at right angles' to the effector arm bundle. That has appeared to be the basic design of the SPORT effector arm in the first place. It appears compact and highly controllable (given there will be (or are) good end-effector designs).
While important to the SPORT mechanism concept, I don't see it as a PR stimulator for the PPS. It is not the only way to actuate end effectors.
So does Paige.
Good find.
A critically needed addition especially with all the hardware/software documentation needed for both regulatory processing and production.
A number of us questioned years ago how Titan could have even existed without this position, and the recently named Engineering Director. Unbelievable they are just coming on board now. Just goes to show how inept the old crew was.
We thought, but did not know for sure that they were WAY inexperienced. They were inept in spades, now we know in hindsight. Think of the crazy crap we put up with, Bertner, Paige, Hayseed Hargrove, grinning man of mystery Rayman, no communication, one phone office, platform imaging's website, Fowler's 30 year old photos, crap stock issuers, crap exchange, etc., etc.. Now we find out old JH promised bits and pieces of $ to everyone. Paige should be sued.
New crew looks better, thank God.
"software changes"???????
It sounds like they are just getting ready to write the code they need to make SPORT even viable.
I'm a fool to have sunk money in this crap company.
McNally better be JH Christ's brother to make this thing ever work.
Only drastically big news will move this pps, and I mean move as in maybe get into the $1-$2 range.
And I don't know what that could possibly be within at least a year's timeframe. Hell, they appear to just be getting around to doing the software.
Except for partnership, merger, buyout, etc., this thing is dead money for most of us.
HaHa!
Same for me, man. And no matter HOW MANY TIMES I asked her to to look into it with me, and follow the news (or lack thereof) ZERO INTEREST. All she seems to know that it is something medical and I invested a lot.
I know it's essentially meaningless, but this is the type of shoddy crap that prevents me from ever thinking this outfit has their act together.
Does she work for them or not?
If not, tell her to not mis-represent herself professionally (and legally) with Titan Medical, Inc..
Maybe I'll add to my LinkedIn that I am a VP of Sales at Apple, because I once worked at one of their stores.
And if Paige thinks this is fine, then it really points the finger at her father, former incompetent at Titan.
He'd earn a little more respect from me if he'd tell Paige Hargrove to desist from listing herself as Vice President, Business Development & Worldwide Sales for Titan Medical, Inc. on her LinkedIn page.
WTF is that all about?
Right, so now we are going to be doing spectral imaging of vessels in version 1.0, which only really needs to be a lower-cost manually driven system with good optics, small and mobile footprint, and whatever the advantages of the snake-arm paradigm might be. They will over-design this thing forever. The goal right now is to finish software and get approval.
I said 2019 first, by the way.
Yes, good foot pedals but unfortunately they forgot to write the GD software.
Yes, they will micro-design every detail of SPORT and it will never ever be finished. Believe me, if you state 2018, it will be 2019, and someone else is going to beat you to it.
McNally, this is the moonshot point for this shitcan. Finish and fire, we are all willing to take the chance.
There is no f*ing way to get the share price up without active promotion of SPORT as the next, and close to regulatory submission, BEST F*ING BET IN SURGICAL ROBOTICS. It needs some major headlines, not some Doctor Vindahuna Rashkabalibriminian from some f'ing prostate clinic in a retirement community in Florida. They'd cut the prostate out of your mother if they could.
And gentlemen, the last crew of A-holes running the show wouldn't do it, and apparently neither will this one.
Right, no f-ing video for 1.5 years and us reduced to wondering if the damn contraption can even suture. I am not sure it can... but the PEDALS ARE NOW A NICE COLOR!!!
And Paige, GTF off Linkedin as a VP for Titan World Wide sales!!!
McNally is a wuss.