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That article said TRXC has a timeline of May 2018 for FDA approval on Senhance. Not sure when it went on sale in Europe but only seven systems in place so far and only one sale in Q1 2017. They don't seem to be lighting the marketplace on fire yet. But they also don't seem to be offering anything improvement over ISRG's offerings. They booked $1.9M for the sale of that one system, so they are priced in da Vinci range; no advantage there. I assume it will run up from the 60 cent share price at some point and I had been considering picking some up in the current price range because they really are at rock bottom right now. But we have thought that about Titan too, so...
I'm not selling Titan to get into TRXC, but I think TRXC has to go up from here. It already took the beatings for FDA rejection last year and all the recent fund raising, plus they have that $17M loan to keep them running so they shouldn't be diluting over the next year or so. Despite moderate-at-best competence in the past, I think they are due for something positive.
On the other hand, B. Riley (whoever they are) just downgraded them from Buy to Neutral. And they burned through $16M in first quarter; not sure how their $40M budget will last for another full year.Maybe the downgrade will hit their stock price further and we can snag some at 45 cents next week!
The stock rarely holds onto any substantial mid-day gains without real news driving it. Not holding my breath yet.
But it's okay for you to make a joke by demeaning people who made jokes? I'm sorry your presidential candidate lost.
Didn't Burger King buy Tim Horton's a couple years ago? I heard it was in order to locate BK's headquarters in Canada with their very favorable business tax levels. Maybe it was actually for easier access to the SPORT technology. Headquarters just outside Toronto... Sounds like a smoking gun to me!
https://www.wsj.com/articles/canada-approves-burger-kings-deal-to-buy-tim-hortons-1417728183
Wait, is that a smoking gun or a flash fire in the fry oil??
And the end effectors will be both sterilized and lubricated at the same time in the fryer!
I wouldn't say it isn't good... McNally brought in someone he knows and has used to get products to the market in the past. Shore was (and still is) highly respected and quite competent, but sometimes management styles need to mesh for maximum organizational efficiency. And right now, we really do need efficiency!
McNally brought in his own...
http://www.biospace.com/news_story.aspx?StoryID=451536
And if that's true, they should be in for a big payoff when Titan succeeds - they might take a hit on their own PPS when competition (us) hits the market, but they make up for it by being Titan stockholder at the same time!
I feel the same. Maybe we need to sooth our guts over another Taphouse brew! Throw me a note on my home email and let me know if you want to connect there next week. We're overdue for that too!
Ask was .311 (now up to .318) but with ask lower than close, it usually doesn't bode well for the day's outcome.
Why is the Ask price so low? Is there some info out there causing someone to want to bail out? I don't want to close in the 20s again unless I'm in a position to buy more... but I am not.
That sounds like the ideal way to refine our collective knowledge!
Geo, I like that post. I think we need to try to stay off each other's backs and try to keep from personal attacks; it is actually beneficial that there are different opinions on this board because it means we are pursuing different avenues of research, which improves our chances of finding the truth.
I am of the mindset that there is not yet a smoking gun but I eagerly await when we hear that gunshot, or when we see proof that there is no gunshot coming. I think the technology is sound and will be a marketplace hit, regardless of who's name is on the sales brochure. And it will be nice when we discover which way it will go. But meanwhile, we should try to maintain a team mentality on this board. Although Vegas is known for both, I want our Vegas trip to be a party, not an MMA fight!
I'm still with you on this one... I have seen people playing with guns but none of them smoking yet.
In Providence... Yet another coincidence?
I am always up to the challenge of assembling another letter, but as always, I have questions.
Who would the recipients be? Do we target wealthy individuals, or known investment capital gurus? If we could put Titan on the radar screen of a Tom Gardner/Motley Fool-type organization and they did a blast on our behalf, we would probably be golden from a hundred thousand folks on their distribution list dropping a couple grand a piece on Titan; the PPS would rise to levels which make another offering substantial while minimizing dilution and possibly giving Titan the opportunity to uplist.
How can we entice investors or convince them to join us when we ourselves as a group (some folks more than others, obviously) keep such a high level of negativity on this message board?
Would we identify ourselves in the letter? Shareholders? Interested party? We would need to ensure there is no confusion about the source of the letter; it would need to be clear that it isn't coming from Titan.
Would we attempt to formally extend the invitation to potential shareholders to just buy some Titan stock, or do we offer some of our more applicable and positive findings in link form for them to do their own due diligence? If we offer a link to this board, we could well be shooting ourselves in the proverbial foot (with the aforementioned negativity) despite it being a reasonable source of information. On the other hand, we could provide links to Mr. McNally's recent article, to a bio or two on the recently hired management team, all of which cast them in a favorable light. Add in links to the article which showed a valuation of $4/share for the technology over a year ago and a couple quotes from people who have seen the prototype in action; all such feedback that I have seen has been very positive.
Do we attempt to send directly to our intended audience, or do we try to spread it around the web with various social media? A handful of people with Twitter accounts and Facebook pages, with a cleverly written teaser about the company, the system, and the future of robotic surgery, could catch on if we do it right. It would be extremely cool to be behind a viral post which draws world wide attention to our Little Engine That Should. I find it somewhat incredulous that word doesn't seem to be getting out there about the company, the SPORT system, or the opportunity for a fairly small investment to bring substantial windfalls to every day working folks.
Are there laws against such a thing? Would it be considered a form of stock price manipulation? I don't claim to know the laws as they pertain to this. Presumably none of us are "insiders" by any legal definition; we just happen to follow this stock based on our experience in the medical or medical device fields or as knowledgeable investors, or via word of mouth from someone else who fits these categories. But legality is always a concern.
Has anything like this been done before? If so, was it successful?
Could there be a downside for Titan's (unknown) business plan if suddenly a bunch of small investors start buying up stock and driving up the price? It is easy to assume that it would be all good, but maybe there is an unknown which could be jeopardized.
Do we write to Titan in advance and let them know that we would plan to do something like this (if we were to do so)?
Lots of questions, I know... Please contribute ideas and opinions. Maybe we can get a rally going here. Or maybe it's just a bad idea! But lets figure out if it might be worth pursuing. Our first couple letters were surprisingly well received!
In a few minutes I will be away for the evening, so I'll catch up later tonight or tomorrow morning...
Be well!
I agree with almost everything here... except that I think holding 8 million shares makes him much more susceptible to the fiscal impact of dilution! I'm at 275,000 shares right now; he has 8,000,000. Dilution will hit him 29 times as hard as it will hit me. In my mind, he has a lot more reasons (8 million of them) to keep dilution to an absolute minimum, but it's all for naught if he/they can't get adequate funding to reach the finish line. I trust he will find a near optimal balance, dilute only as necessary, and keep this train rolling.
Interesting that this post shows up now - must be a cut and paste job. The event was held last August, and they do not appear to have another one scheduled (yet) for this year.
Also interesting: Dr. Advincula is Director of the thing:
https://www.floridahospitalnews.com/world-robotics-gynecology-congress
Nice find!
I definitely agree with "cautiously optimistic" as a sentiment. 35K volume in the first ten minutes is nice and a 22% bump is welcomed at any time, but there must be some news out there that we haven't stumbled across yet. With this stock in particular, a 20+% isn't random.
I'm still not convinced either... Nor am I convinced that I want a Verb buyout. I think we will end up with too small a piece of a really big pie.
I think we all feel about the same... Swapping back and forth between frustration and fear, with little tiny glimpses of short-lived nirvana sprinkled in here and there during the brief runs, which have so far reversed themselves every time. All with this over-arching blind faith in the value of technology and the never-ending disbelief that the tech and patents can't seem to lift our PPS out of the doldrums. Waiting for the rest of the investment world to wake up to our reality that this really is something. And once they do, they will set the stock price running and they will never have known the daily agony we currently live with! Some day...
The blue tape is a nice match for the other blue trim. In the post which drops down from the arm, there is a blue trim ring which also matches the big blue "dot" cover under the elbow of the horizontal arm. The trim ring looks like the seam of another sliding column for raising and lowering the head unit. Otherwise, the contours, the tapers on the edges of the big arm,the shape of the head... all too coincidental to not be SPORT.
System in that picture has a few differences from the titan web site. Blue trim in pic; all white on Titan site. No visible logos in pic but possibly edited or covered so it can't be misconstrued as marketing. Side port missing from telescoping vertical column (or covered). But it sure is SPORT; just can't tell which pic is newer!
I just think it's rather a bummer that the markets are closed today. I wouldn't mind so much but it means that yesterday's rather disappointing results for TITXF remain displayed in these message windows for an entire long weekend.
So why did our McRally go South???
I'll guess .368 but I like your answer better. Also, we did indeed clear a million shares traded for the day!
Is there any way to tell who is currently doing the buying? Just retail investors like me, or institutional?
Would a "heart stent" not typically be a simple cath lab procedure, maybe run a balloon catheter up the femoral artery? Also, I think "non-invasive surgery" would be an oxymoron. If it isn't invasive, it isn't surgery... even attacking a tumor with stereotactic application of radiation is invasive, even if the skin isn't punctured.
Happy Monday, everyone!
I would hope that is true, but other good news has been met with indifference by the open market, and even announcing McNally got us only a temporary bump. I don't know if it's the market makers or some other influence, but I don't see this jumping substantially until bigger news hits, like design freeze and regulatory submissions. I hope I'm wrong!
I would think we SHOULD see PR on this achievement, but that hasn't historically been their MO. Recently indications were 14 patents approved and another 30 applied for; presumably this changes to 15 and 29. I don't recall seeing 14 prior PR's for prior approvals. The PPS might benefit from one now though!
I would add if I could... quarterly tax payment in a week, another in 2 months because Uncle Sam doesn't understand what "Quarterly" means, plus tuition payments for two college kids, both at WPI (expensive school; hopefully worth it!). Point being, no more available cash for a while...
This would be the perfect opportunity to fire up a Roth IRA, get in at these prices with post-tax $$, and let the growth come back tax free at retirement.
ISRG is running up because I got out of my last handful of shares a few weeks ago. I got out at $753 for my last 25 shares and picked up 84,000 more shares of Titan. Thinking long term with fingers crossed, of course! But I paid $11.65 per share for a few hundred shares of ISRG back around '03, so I'm not complaining.
Unrelated question... Does SPORT have haptic feedback? Amadeus did and that was well publicized but I have only found one reference to SPORT having it as well (in an old SeekingAlpha article) so I was wondering if that single reference might have been an accidental carry-over from the Amadeus days.
Can these market makers borrow from multiple/different brokers? It just seems like such a screwy system.
I too am looking forward to the Vegas celebration. It may be a bit premature, but as a group we might want to start thinking about what milestone we should use to consider this a success and start planning the Vegas gathering. Maybe just to dream for now, but when it finally happens, it should really be something. Maybe we can invite Mr. McNally and his crew along for the party!
Would having the certificates in hand prevent the broker from lending them out? Most of my shares are in 401K accounts; not sure how that would work either. But I would be in favor of anything that stops this sort of shenanigans.
Also, I was able to ratchet my total position up to 275K shares. Out of 188M shares outstanding, that's 0.15% of the company. 100 guys like me would still only control 15% of the stock, so I don't know if all of us here on the board would really make that much of a difference. Do we have any really big shareholders here?
And would there be a regulations against shareholders organizing trying to "manipulate" the stock price in their favor? There are some really odd rules out there! Again, not my area of expertise at all, but I'm trying to learn something as I go.
So what is the market makers' ultimate payoff if they are keeping PPS low?
Also, somebody had written in a few weeks back saying they had some shares and their broker was offering some additional money to "borrow" their shares. Was that most likely for a Cellar Boxing type of scheme? From the article, it sounds like most organizations will lend out customers' shares without offering compensation.
Hey C2... your presence here has been picking up again lately! Are you reviving a stronger interest in the company direction with everything that has happened so far this year? And are there any specific events you are waiting for in order to jump back into a more robust position? Just curious; wondering if there is some benchmark milestone or something more subtle you would use as an indicator for Titan's future. Other than something blatant like a buyout, of course.
Always nice to see valuable contributors chiming in once in a while. Especially fellow Rush fans!
Earlier chatter here was that it was in Rhode Island but I don't know if that was ever fully confirmed.
Test passed - I was wondering the same thing! I thought my computer wasn't reloading the page and I was just looking at a buffered page, so I checked on my phone and got the same page from 1PM yesterday... Thanks for chasing away the crickets!
Must be their third shift IT guy who updated the web site!
How would that design affect cleaning activities and turn-around time? Presumably all three arms would require removal to clean/sanitize mating interfaces after every case; I would not expect them to remain mounted, but they would have to be laid (lain?) on some surface and cleaned according to some procedure. Also, it would appear that two arms could be mounted to the table before the patient transfer to the table, then the third has to be mounted and connected. I assume it makes the simplicity of SPORT more appealing from the perspective of OR/Surgical Services staff.