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He didn't tell me to sell. He just felt an obligation to tell me he was since he was the one who encouraged me to invest in Titan.
At this stage of the game I have no idea what to do. I'm so deep in if I sell I'm taking a major, major loss. But, here we are over a week removed from news of operations being suspended because of lack of funds and management hasn't stepped one foot out of their offices to give investors assurance that everything will be okay and they have a plan in place. I've learned since I've been invested in Titan that most of the time when management is silent for extended periods of time the news that finally does come out is bad.
My brother in law, who was the one who got me to invest in Titan and was a HUGE advocate of Titan, even after last week's news. Called me last night to inform me that he has decided to sell all his shares. This came at the advice of his financial adviser who basically told him "It's over. There won't be a recovery." So, I've been thinking about that since last night. If he got out, and he rarely makes bad investment moves, what does that tell me? Who knows. I'm at a loss right now.
When entrusted with adult responsibilities yet handle them like a child. Then expect to be treated like a child.
It is very frustrating to feel like you're being purposely left in the dark. It is a very poor and distasteful business practice by management.
Will we go another day with silence from management?
So if that's been removed I assume that's not a good sign?
Pardon the dumb question, but what is the "Sedar page"?
Why? So it can fall through again? We need the money now. Not three months from now.
That's been suggested a few times on this board in the last year and a half. I don't think that's the case. But one thing I do wonder is how much of a jump in PPS would we see if this week they announced they have financing through mid 2017? Seeing the PPS has made a strong recovery from the suspension of operations announcements. It would seem logical that securing financing through mid 2017 would inject a strong appreciation in PPS.
I don't see how they aren't exhausting all avenues to get this train back on the tracks. They've got a lot of skin in this game as well. So it is in their best interest to succeed and not to fail.
So you're saying the insiders have known for quite some time now that this was coming? By "this" I mean the running out of money/funding.
Really enjoyed reading that post. I enjoy your optimism and hope when this thing all shakes out your the one on the board that was right all along. Because that means we all will have gotten PAID!!!! LOL!
Big question is "Can the technology side of it ultimately keep the business side from sinking this ship?" That's the "Billion dollar" question. I hope and pray it can.
I find it quite disturbing and telling that management hasn't gotten out in front of this and did some public relations damage control with its investors. The silent treatment in my opinion speaks volumes. I agree, there's no telling how bad it really is behind the scenes. I have no idea where this investment lands me. Right now anybody's guess is just as good as any other. Especially seeing all we've got to go by since the suspension of operations is silence.
Take JMAC's extreme position and BK's and the reality is probably somewhere in the middle. Currently, no way this thing is "worth" $8-$10 per share if sold. However, 70 cents per share is just as absurd. I'm with CUIN on this one and if were "auctioned off" there would be a bidding war and it would probably go anywhere from $2-$5/share.
The company sells at .80 on the dollar. Investors with ridiculously low PPS will make some pretty good money. Some will roughly break even, some will take a a bit of a loss then those above $1 will lose their ass. There's other things that could happen but the company being bought out at pennies on the dollar is the most realistic and the most likely. Cheers.
Look, I'm not saying Titan will not ultimately pull though this. I'm just saying there was no "Plan B". There's no way "Plan B" included halting operations. If there was a plan b it would have been put into place the moment they realized the Chinese deals were dead. Which we now know they knew two weeks ago they were dead. So there's no way on God's beautiful earth they had plan b and part of the plan was halting operations. That is absurd to believe that.
At zero meaning share price? Probably because you've got investors who A. Have no clue about management or B. Know management is incompetent but are banking on the technology will offset the incompetence of management and ultimately make it.
But there's no way in the world there was a plan b and operations get suspended. Those two don't reconcile.
If there was a "Plan B" it would have been put into play before they ran out of money. There's no doubt they knew two weeks ago the Chinese deals fell through. At that point if there as a "Plan B" it would have been put into play based on that knowledge. They are now left scrambling because proper finance planning was not done by management. So here we are. But to think there is a "Plan B" is absurd at this point. Again, if there was a "Plan B" it would have already been put in play. Because they knew two weeks ago the Chinese deals were dead.
Short answer is "yes".
I thought the deadline for the Longtai deal was today. So I assume we'll know (be it good or bad) that today after hours.
I'm just hoping and praying they can find adequate financing by the end of the month. If they can do that I think we'll be fine. But right now they don't seem to be able to pour piss out of a boot.
It's the value a buyer see's and what it's worth to them. People can look at the same thing but see different things. It's not out of the realm of possibility that a buyer looks at it and $5 is a steal to them. Or you could have a buyer who feels it's not worth anything more than $.80/share. There's no set formula. The value is in the eyes of the beholder or in this case the potential buyer.
In our current state I'd be surprised if it were more than $1.50/share. If we can get some financing and get closer to to CE mark/design freeze/FDA approval I think that number gets more. But if it were to sell today I'd be surprised if were more than $1.50/share.
Why is he allowed to continue posting on this board when he has openly stated he's not an investor and is an investor in a competitor? Yet posts from other people who are actually invested in Titan get deleted fairly quickly and routinely. Yet this guy is allowed full reign and seems to have more leeway in posting than actual Titan investors. Makes no sense.
Yet you continue to return. That says as much about you as it does the others who you say suck. Obviously it doesn't suck enough.
"The majority of people on this board really suck"-LTG
This is purely my opinion but I think even though there is zero confidence in management. People still have a ton of confidence in the technology and know if management can just get this thing to FDA approval there will be A TON of money to be made. And that hope in and of itself is enough for people to keep investing. I know a guy who added to his position by the several thousands this week when the price dropped. He did so in spite of the bad news. Because in his opinion the technology will ultimately prevail over bad management.
My prediction is Longtai falls through and Hargrove remains in current position. This will not be announced until after hours today and we'll see the market's negative reaction Monday. I also predict there will not be any "damage control" speech or any news on prospective financing. This will get worse before it gets better.
The market makers even got tired of longtermgems BS so they manipulated the stock up so he'd go jump off a bridge. Because we all know he started cutting as soon as the PPS started going up.
I get that. But that doesn't absolve management's responsibility to make sound business decisions. If this were to be bought out and their bad business decisions led to a $1.50/share buyout rather than making sound decisions and giving shareholders a $15/share buyout. People lose money. That is yet to be determined. But you can't blame people for selling due to the performance of this stock. That falls at management's feet.
I'd put my "Jerry Jones" hat on and start doing some good ole fashion bluffing. I'd tell them we have several other investors that have come to the table and the old deal is off the table. But if they are still interested in investing in this great product they can. But it won't be under the old deal. If they balk at that and want "the farm" I'd walk away. No way I'd do business with them and give them an inch of leverage. I'd rather walk away with no deal with them than give them the company. I'd take my chances somewhere else with someone else.
Anything I read on a message board by an anonymous person I take with a grain of salt. I file it as information and understand that some of it maybe true but it is still from a third unknown party. But to have it confirmed from the horses mouth removes any speculation and forces one to face reality. ANd the reality is these guys couldn't run a lemonade stand and here they are entrusted with hundreds and hundreds of millions of dollars of other people's money. LOL! Quite comforting.
I think the information reveals how incompetent management is on a business level. I'm a small business owner and do business on a much smaller scale than Titan. But many principles of business or "doing business" are normally transferable no matter the scale. I don't enter into deals, investments, ventures, etc that are material to my business without multiple plans based off "what if" scenarios, including exit strategies.
These guys are worse than amateurs when it comes to the business aspect. Their lack of business skills has now potentially caused a lot of people to lose a crap load of money. We shouldn't even be in this position. So yeah, the information is "bad news". It reveals how incompetent these people are and if that's not bad news I don't know what is.
I agree with all three of these predictions. As CUIN stated yesterday we are "damaged goods" and if Hargrove doesn't resign or given the boot we have ZERO chance at salvaging ANYTHING from this investment. It's a crying damn shame they were within 18 months of lighting up cigars only to crash and burn this late in the game. If I can just get a $1/share out of this I'll be smiling like a man who just hit the powerball.
That would be a blessing in disguise. Do you think if there were a bidding war it would have a chance to get over $1/share? Also, did you email me your email address? I put mine on the forum temporarily so you could get it. I cannot reply to private messages on this board without paying for a subscription.
Grammar isn't a sign of intelligence. I just got off jury duty on a week long medical malpractice trial where for four days I had to listen to eight hours per day of expert testimony from well respected cardiologists and cardiovascular heart surgeons. EVERY ONE of them had decent grammar at best. But none could have passed my mother in laws high school English class.
Oh no doubt. I'm still in because it's the only way I can have a chance to recoup as much of my investment as I can. I don't believe for one minute they will recover from this. After learning the info I did from Orep's email this thing is like wounded animal that needs to be put out of it's misery. The closer it can get to a $1 sale price the better off I will be. but my gut tells me it won't get to a dollar.
And what sucks about that is anyone who's in this for over $1/share is going to take a loss. That's assuming you mean they get bought out due to not being able to move forward with development.
What would getting the CE Mark do for the marketability of Titan as for as making it a viable "buyout" candidate? Also, is design freeze before or after obtaining CE Mark? I'm just trying to figure out how much more progress Titan truly needs to make before we are realistic candidate for a buyout, merger etc.
Is it too late to go on the Shark Tank? Mark Cuban and a few of those money bags could float us a few $100 million.