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I hope you end up being right but my guess would be there are red flags going off on their end regarding the diluted share price and they are wanting to re-work the originally agreement to reflect their concerns.
This stock AT WORST needs to be valued at $4/share right now. But as someone below mentioned, a good consistent PR push would have this stock $15-$20/share right now. This stock has ZERO business being at the PPS it is now. As I mentioned to you last week. I'd argue they are already very close to a fiduciary duty problem with the shareholders.
Thank you for disclosing that information. It keeps us from wasting any crosses and nails except on legitimate gripes. LOL!
But they have to have enough money to finish it so they can come. Does anyone know if we have enough $$$ to carry this to completion or will we need another "fund raiser"?
I can't say I'm surprised. Par for the course. Every time we (people on this board) think the upcoming convention, conference etc is what's going to get this stock some boost. Nothing comes of it. So, again, I can't say I'm surprised.
This makes a lot of sense to me. Their swing and miss on the funding expectations has all but put them in a position where the next logical move is to partner up with a big name. How does that work? That isn't like a merger and acquisition is it? What would be the impact on PPS? It would have to be positive.
I know you've probably said it before. But in your opinion what is or would be the reason for the lack of PR work by management? My guess is your answer is "cluelessness'". LOL!
I have no clue. I just know it ticks me off to no end to read investors who are in the medical community screaming (so to speak) for over a year that our PPS is way undervalued. Then to have an independent analyst come out with an article and say the same thing. Even going as far to put a value to it ($4/share compared to $.60/share). Like I said, I would like to think this odd behavior by management is not due to everyday stupidity.
I think one could argue they aren't that far from having a fiduciary problem. Most companies with this type technology would be pushing this thing like the next best thing since sliced bread. Yet these cats seemingly go out of their way to do the opposite.
I still think there is something behind them not pushing SPORT/Titan from a PR standpoint. That is about as Business 101 as you can get and it has been said by numerous people these guys are highly intelligent individuals. So I just keep thinking there has to be a reason (other than stupidity) they haven't pushed this thing more than they have. What that reason is I'm not sure.
The closest thing to a logical reason is they already have a "hand shake" agreement with someone and all that's left to do is make it to completion (FDA approval). Then the agreement will become public and "official".
Agreed on the going private. I wouldn't think that would even be an option because shareholders lose BIG TIME. Plus, if they are struggling getting funds on the open market I'm not sure how going private improves that. But that's just my opinion.
Correct me if I'm wrong but wouldn't going private mean our shares would have to be bought out? If so would our shares be bought at current PPS? That would not be cool.
Another unknown is how much does the PPS appreciate once FDA hurdle is accomplished? Walking around sense tells me if it clears FDA the appreciation is more than just a few pennies.
If it's sold or in one poster's words "dies on the vine" right now, no, it's not bringing $7/share. More like $2-$4/share. But let's not forget not that long ago it was $2.70/share and we were no where as far along with the progress of the robot than we are now. That's why the current share price makes absolutely ZERO sense to me right now. You've got independent analysts stating in their opinion it's worth $4/share RIGHT NOW!!! So 18 months from now I don't see why $7/share is that much of a hurdle.
I just hope to god if that's true they start to make something happen that appreciates the PPS before the year end. There's no reason the PPS shouldn't be over $1 by years end. This sub $1/share at this stage of the game is an utter joke.
I agree, this thing isn't going to "die on the vine" but it is looking more and more like it's not going to make us the money that we'd all hoped for. I'm preparing myself for a sub $10/share type sale price. Granted, I will still have a nice payday but not the one I'd hoped for. I just hope it goes for at least $7/share. That way I can pay off my house and sock away right at a $100K cash. That's still not a bad payday for me.
They must have read the article posted yesterday with the childish 16 yr old style rant about Titan. It's tough not being asked to the prom. Especially by your crush. So I guess they are pouting today. LOL!
PRESENT!!! I'm here for the ride!!! Brought my pepto for the next four/five months. Let's all go nuts together!!!!
Looks like they read it. This is pure speculation but I think these guys know they have been under advertising this thing. And if they didn't originally know they were there is no way they do not know now. Especially with the bombardment of emails they've gotten about it. So they have knowledge of it and have at least discussed it. So for them to continue to under advertise it lends me to believe it is for a reason. No way these guys are this business stupid. I know it's easy to say they are because it ends any other further thought about it. But these guys from an intellectual standpoint are sharp dudes and with the amount of people they have around them there is no doubt this topic hasn't been brought up.
Gotcha, my fault.
Me stating I didn't put any credibility into the article was my way of saying "I don't care". Sorry if that got lost in translation.
I'm all for objective criticism and this management team CERTAINLY deserves their share. But that piece sounded like a 16 year old high school girl who didn't get asked out to the prom by her crush.
That article seemed to have a lot of emotion injected into it. Especially when it got to Titan. If I didn't know any better I could have sworn a disgruntled Titan investor on the board wrote it. I get the concerns and the missteps along the way. But that article had a little too much emotional drama to put much credibility in for me.
Didn't they just get denied approval by the FDA? How are they now ready to apply again for approval?
I think we're at a point where it's not whether we're going to make money or not. But how much. I asked CUIN last week his opinion on a worst case scenario and his opinion was if they ran out of money and had to dump it. It would go for $3-$4/share. Then a few days later an article comes out stating how the author believed Titan is undervalued and should be currently valued at $4/share. That pretty much confirmed with me what many on this board have been saying for quite sometime now. Titan has value RIGHT NOW. If it "tanked" today it would have value simply based on the technology and the patents.
From a personal standpoint if it "just" sells at $4/share it changes my current lifestyle instantly. Granted, not as much if it goes for $20+/share. But nonetheless it vastly improves my lifestyle. So I'm confident I'm already a winner. I'm just now hoping to be a MAJOR winner in two years.
If Titan does a 10:1 or 5:1 R/S there's going to be some ticked off investors. Especially when many believe if management would do a better job in the PR department we would never need a R/S. Lord I hope they don't do a R/S.
I remember a transcript being posted on here months back quoting management addressing the R/S and whomever it was seemed to emphatically say no. Maybe my memory is failing me. Won't be the first time.
For the record management has publicly said "no". But, that doesn't mean it will not ultimately happen. To be honest the closer we get to FDA approval the PPS should take care of itself (according to some other posters). That the PPS should begin to appreciate the closer we get to FDA approval and that's assuming milestones and timelines are met.
I'm talking about the writers penning these articles. They seem to know nothing about Titan (hence the one line mention in a big article about the future of robotic surgery). Yet a company who's been rejected by the FDA and has basically shelved it's robot is mentioned before Titan.
Or they have no idea how far along Titan really is because they don't pay any attention to them.
Well, I think the validity of your concerns should have been confirmed when the article (that is now a sticky) came out saying how much Titan was undervalued. That they felt like the stock was truly worth $4/share and here we sit (and have been sitting for quite sometime) at under $1.
Do you think it is simply because these authors don't know much about Titan or they don't think much of Titan? Or both?!?! LOL! Either way we were simply a fading mention in an otherwise good PR article for the future of robotic surgery.
Completely agree! I ended up having to read the article three times before I could find Titan's name mentioned (toward the end in a passer-by type comment as the article is ending).
Thanks for the opinion. I would love for it to show some material appreciation between now and FDA approval time. It would at least give me some "warm and fuzzies" along the way rather than having to sit in a depressive state of "pennies on the dollar" PPS' for a year and half.
Thanks, I just looked it up and saw that. So basically another year and a half of sub $1.00 PPS.
Oh really?! That's good to know. I wonder what type rise we can anticipate seeing? Isn't submission for FDA approval at the end of 2016?
This stock is more than likely dead money until FDA approval. And lord forbid we don't get that. Then it's people jumping off bridges.
How do "they" run the price up before a financing? What do "they" do to manipulate the PPS that way?
I think it is too. Hopefully this is the last one. But we said that about the last one to didn't we? LOL!
Has there been any time on here when someone was actually right about something they "heard" from their sources and stated it on the board? If it has it's been a while.