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.
Is any one familiar with the Virtual Incision device and how it compares to SPORT?
I'll read it myself, but would be interested in hearing your take on the changes
Listened to presentation; Thought it was solid, no new information really. It's exciting to be involved with an innovative company on the cusp of breaking into a fast growing billion dollar market that currently has only one real player. Not often you have the opportunity to get in before the market at large. Sure there is still substantial risk, but the upside immensely outweighs the risk at this point imho.
IMWT
Did this change to a TRXC board while I was gone?! What the hell is going on here??? Have there been any surprises or changes to the narrative? Did anybody not think a raise was coming? It's going to be a significant moment when they announce funding through design freeze or maybe FDA submission. Why raise the offer if it wasnt sold out? We know they have news from France in the barrel; if the offering was lagging, wouldn't we have gotten more PR? The SP has the volatility of a penny stock that just tripled in share price and diluted 20%. But now the runway is clear. The tech is good or it's not. No half measures. Don't get cold feet right before it gets good!
In McNally We Trus
Thanks for other reply. Which warrants do you own? Also, which brokerage firm do you use for buying the warrants? It appears that the mainstream brokers won't list the warrants for trade. TIA
IMWT
Has anyone here purchased warrants on the secondary market? I'd be interested to hear more about that process if anyone has experience. TIA
In McNally We Trust
Gotta believe 550m o/s is pretty much baked in to the current share price for any serious investors that are following the story; certainly any institutional investors.
I'd bet that the deal was done before the offering was announced. My theory is that the discounted price and low price warrants are a result of a handshake deal similar to the Longtai arrangement in which the investor has agreed to exercise the warrants as soon as Titan hits a predetermine milestone and the warrants are in the money. These are the Wild West Pink Sheets baby! You can't apply normal trading fundamentals here...
Dream Scenario: McNally announces Friday morning that the maximum proceeds of the offering have already been realized, followed by PRs for Columbia trial results and France installation, price surges past 50 and the Titanholics go home for Thanksgiving to sing the praises of SPORT to family and friends whom work as analysts at hedge funds...
Groan, me too, one more broken promise to myself (sigh)...After reading the prospectus and CC transcript a couple more times, I reminded myself of McNally's track record so far and the tone of excited optimism that permeated the call. Financing was always going to happen, I think McNally has earned the benefit of the doubt, and if you told me after that call that I'd have a chance to buy again in the 30s I would have had to pinch myself. This will look like the bargain of a lifetime in 18 months IMHO.
In McNally We Trust!!!
I think McNally's goal is to get SP past $1 in time for the Mar 13 warrants to be realized, which would net just over $5mil (US). Gotta believe the holders of those warrants will exercise them the second SP crosses $1.25 CDN (.98 USD). I would be giddy to see $1 by EOY, but that's only 6 weeks away. Then again, who knows, a lot could happen by then. And March is right around the corner...
IMWT
Thank you for pointing this out! The 55 million is almost like a countdown for potential acquirers; In theory, once they raise 55 million, SPORT will be ready to roll into ORs with the Titan brand. At that point, the parameters of a buyout will fundamentally change as Titan will no longer be a pre-revenue company. I'm sure we would all love to know how much they need to get to FDA submission, but I think the endpoint for MC all along has been buyout and the 55 million is the game clock running down....We'll never see them raise that full amount before acquisition IMHO...GLTA
In McNally We Trust
Q re partnerships- very sensitive topic. Just described reasons why they shouldn't jump the gun on news. However, MC anticipated '18 PR on partners prior to '19 commercialization. Has to wait on PR for Columbia until both parties agree on PR approval
I've sat through so many shitty depressing conference calls from upstart medical companies and this is just music to my ears...im just giddy...
Question about how much current warrants could bring in. 84 million Canadian at current count
Question regarding haptics. Not planning on launching with haptic and f'ing nailed an eloquent evasive response that manage to highlight the deficiencies of TRX and highlighting SPORT capabilities. I f*cking love McNally
Question from Surgeon re uplisting. MC is excited to have a dual NASDAQ uplisting. Already talking with potention institutional investors. Won't be until 18. Those guys are watching closely, they can't start too early, but it has already begun. They are fed gunning for uplisting and are actively working it
France trials coming in next week's. They will have 510k/ce submission prepared to file by end of 18. Reiterated that the most important thing was they were on track for 18 submission. Q&A now
Another patent that describes device motions that are above my pay grade but sounds awesome??? This call is going great....
New crucial patents. Renown surgeon comments on the uniqueness of patent and functionality of arms
14mil on hand. NASDAQ uplisting 'possible in 18
Received more warrants in Nov and current cash position will carry them into Q2!!!!!
Current studies are finding that the platform is successful "in its current form" and excitement amongst surgeons is growing for the platform "in its current form.'
Reporting that studies have been completed at Columbia earlier this month
They definitely need a new CC hosting company...
I agree and think we end the day .50+, but at this pace I wouldn't be shocked to see this roller coaster cycle play out once, maybe even twice, more today. The volume is outstanding! GLTA
In McNally We Trust
Price action and corresponding volume kinda seemed like a bunch of stop-losses got taken out....never a good idea with highly volatile stocks like this if you're long imho...too easy for manipulation to take out your position....
Good point; I had not considered the additional benefit of options trading with an uplist to NASDAQ.
Dear Santa,
All I want this Christmas is an opportunity to buy a million Titan OTM Jan '19 $1 calls for a .05 premium...
I swear I've been a good boy,
TITANSTL
Has the long running plan for commercialization been to launch first in Europe, then US second? Have they given updated guidance since MC? Thanks
Wow, I had to read it again to see what you're saying! I hope that is all post Sept 30, but the PR reads " since September 26, 2017 the Company had received $7.1 million in proceeds from the exercise of share purchase and broker warrants," so I guess there is a 9/26-30 window that could be part of the 9/30 number? I'm not sure how to read the Private Placement offering language, but it doesn't specify a start date, just an end date. In any event, all of this language sound very positive and you have to believe that we would have had an offering by now if there was bad news...Seems like they are laying the foundation for a surge....
I think MC will take this as far as he can without financing because the value is increasing with every trial procedure performed at the 3 renown centers and every successful milestone, a sentiment that has been echoed many times before. Titan will inevitably need more money, and maybe the Monday news is finance related, but I think McNally will get top dollar and minimize shareholder dilution. The long time shareholders have been through enough! The tide has turned
In McNally We Trust
That was the point I was trying to make. It was a strong close and the low volume trade at .453 whatever was an outlier. If that's not a sign of good news, then you should pack your bags and get along
I'm agreeing with you. Tomorrow should be fun
IMWT
My account shows a 150,000 bid at .47....
Well holy f*cking close
In McNally We Trust
I think you're absolutely correct. There is really no other medium from which Titan mgmt can gauge investor sentiment. McNally is working against a hard deadline/timeframe and I'm sure he would hate to see a similar regression at .50 that we just witnessed. I think he is smart enough to adapt to the market and put together a news cycle that blows past the daytrading profit takers and gets the share price to the next level of warrants by Jan 1. I still think he hits the March '18 warrants....
In McNally We Trust
No bigger than the jump the past two months...and I think they're stockpiling news to break through the .50 barrier....
Absolutely! Great day in Titanville!
Given that retail investors are the current foundation for TITXF, it doesn't seem like a stretch to think that McNally wants a strong stretch of news going into each of the looming holidays as people congregate and spread the Titan news...just a thought...
Fun indeed! Hard not to watch the price action! I'll go ahead and take the 10% gain on what will surely be 2mil+ volume as a positive sign of things to come...
Seems like scheduling it for a Monday is a positive sign...just feels like this will be very good or very bad with no in between. Should be some interesting price action in the next week....
An uplisting would be huge. Hard to believe the timing wouldn't be tied to the reverse split and another release/releases of major news. Also have to think that in an ideal world, McNally would see the March warrants exercised, which would mean a TITXF price above .98. Is it within the realm of possibility that Titan is able to announce design freeze by mid March? Or is that timeframe impractical?
In McNally We Trust
Well what's it say under the headline? In the article?