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For fairness purposes could a moderator tag this post to show the board my positions:
JNJ/Titan/Verb/Auris
That way when people come to the board they will look at both post and say to themselves “hey maybe I should realize that this is an anonymous message board where one person can post completely opposition opinions in a couple of days “
Hard to believe that ISRG will let someone steal this for $10-12/share when they could get it for $15/share and lock up Single Port Robotic Surgery for 10 years. For $15/share, that is cheap to build a bigger Moat to protect your robotic platform.
JNJ/Titan/Verb/Auris
It’s useless, u should see what they say on the old Titan medical boards
No one is using an investment advisor to buy this stock - we all opened up a brokerage acct, rolled some money in and thought we all new better than the big boys who actually make money. We dipped our toe in a little, did a little trading, got a big head b/c we thought we knew what we were seeing, started buying more and poof...like a fart in the wind, the money gone...people down 60,70,80%.
No one can argue that we have been diluted beyond belief, which HC pointed out we had to throw more money at it to average down. AND on top of that they do a 30-1 Reverse Split. This board has posted to expect another split maybe 2-1 or 3-1.
I am not too sure investment advisors are thinking this is a good investment, maybe they know more than we do. All IMO.
Read the board here, almost everyone on this board thinks they are going alone. Heck even McNally said they are going alone. There is no connection or indication they would partner. What makes you think that is the route they wouldn't take?
Since the aren't building a team, they are not close to sales - agree
That is what I thought.... I guess he is right, not a great time to buy, let them have their reprice at $3.40 and buy back in later when it goes down....
What can you say, this person says that the company is all about themselves and will screw over all investors... Who is to say he is wrong? Anyone want to step up and say he is wrong about Titan Medical....anyone?
Pretty certain they don't care for your YES vote on a couple of thousands shares. Wake up and realize that they will be getting their $3.40 reprice - you have said it a thousand times, this is horribly managed. THEN WHY THROW MONEY AT IT NOW?!?!?! It really is asinine to ask people to buy and drive it up especially when you've railed on mgmt for being very bad at what they do. Actually it is quite comical that you are asking for others to invest to drive it up. It's comical b/c you know that they shouldn't even invest another dime into this until they start supporting it. You have about 87 posts that state that. Hey, I get it, there are some on this board that are not the sharpest tools in the shed but come on, even they can see where this is headed at this point.
Interesting info, Number of employees:
TRXC - 212
Auris - 339
Medrobotics - 133
Verb - 402
Mazor - 165 (not to mention Medtronic employees)
TITAN - 7
Commercialization in 2020 - not with these numbers
Just admit it, it is over, unless you are willing to wait another 2-3 years.
Maybe SP isn't the future and any investor in this has been wrong. Tons of tweaking, tweaking, tweaking - perhaps they missed the window. One Fact that can not be disputed right now - THEY WILL GET THEIR REPRICE AT $3.40. IMO BUT A GUARANTEE IS $3.40 REPRICE.
MARK THIS POST, THEY WILL GET THEIR $3.40 REPRICE. Too bad you didn't step up and drive this up, can't believe you phucking wussed out and didn't do anything to prevent this $3.40 reprice. phucking pathetic
This is toast - can't believe you bought back in and ignore every instinct you had which you shared with us about not buying in. They need massive amounts of money which means massive dilution to commercialize this. BUT BEFORE THEY DO THAT, they need to do tons of clinical trials and collect all that data. THEN they have to submit for FDA approval which will take 9 to 12 months for approval so that puts us into October 2020, at that point they will need to raise the $200M which means...... oh you get the picture, it has been this way for the 4 years I've been invested and the 8 most on this board have been invested.
Just went on to Titan's Career page - here's the link:
https://titanmedicalinc.com/company/careers/
And let's see, they have ZERO OPENINGS. Sure looks like a company that is not even close to being able to commercialize anytime soon. Companies like TRXC, Auris, MedRobotics, JnJ, Medtronic etc are all posting like crazy to recruit people to sell and commercialize their product or potential product. Auris had like 200 people prior to FDA approval.
2 years minimum, potentially 3 years from commercialization and not to mention this but they need another $250M - IMO, probably better not to buy now b/c shorters will just take it right out of your pocket.
I'd wait, the PPS is only going to go down after the AGM - they have no news other than what we already know. IMO, we will see it touch $2.50 on June 1. Remember they only have about $20M in cash, will need about $200-$250M to commercialize so another raise is imminent (actually should wait until next raise before buying any). They still have yet to do clinical trials and STILL have to put everything together for Regulatory (Which will take up to 9 months for approval). They might even announce that they are pushing back commericalization until later 2020 maybe 2021. They will need at least a year to a year and half to get a commercialization group together. They can't do it with 7 people, they will probably need a minimum of over 100 people to even begin commercialization.
They still don't even have complete design freeze, still waiting on Software. 5 day average will probably be about $3.10 and then it will drop back under $3 after AGM. All IMO of course but isn't that what all these posts are just everyones opinion.
You know who is a big time assclown: SPORT19
Sorry 66, I can't b/c if I even say something positive it will be deleted like a ton of posts over the last several weeks. I've decided that the only way to post something that won't be deleted is to be completely unpredictable and swing wildly from one view point to the other. I've also found that we can say something that actually has no factual backing or mathematic backing and it will be taken by some as accurate (see most other postings on this board). To prove my point, hopefully you will read this before it is deleted.
Today's close will the highest it will be before the AGM - mark it down - they get the reprice at $3.40. Based off simple math, in order for the price to be over $3.40, they would need a PPS of $22 on May 27th - ain't going to happen so best bet is to just wait now to purchase until after AGM.
No other mgmt could've redesigned an entire SP platform in 18 months - they deserve the reprice at $3.40
Just remember that even though the options are repriced at $3.40 by no means does the PPS go to $3.40. IMO, it will actually go down after the AGM, I am thinking we will see sub $2 unless they come out with BIG, BIG NEWS at the AGM (which they won't) and the PPS will go down. If you are even thinking of buying, might want to think about waiting until after AGM b/c on the reprice, Titan will immediately sacrifice potentially over $6M in money that could have been in their coffers upon execution of those options.
I have an idea, let them reprice and continue to screw over the longs. If you are happy with a $10 buyout then by all means keep throwing money at this TRXC like stock.
I say vote no and force them to reissue shares. No difference in that dilution and the massive raise they will need to do for 1/4 of a billion that is needed to commercialize
Why raise the price, Titan medical is circling the drain.
If we haven't been bought out by now, ain't ever going to happen.
IMO, get out while you can, nothing going on with this company, maybe a nice merger with TRXC so they can go down together. They have a couple of million in the bank, will need a 1/4 of a billion to get to commercialization, they are ABSOLUTELY going it alone. News for the board as well, apparently ISRG has developed a single port platform and are currently selling it. We got no chance and I am just sharing this b/c the board has been very helpful in relaying this exact info to the public so it has to be true.
IMO, a reprice of options is like signaling the white flag. IMO, it appears that is a signal to investors to get out. I've googled repricing of options and the clear sentiment of anonymous message board is that when mgmt does that, it means the company is done. D...O...N...E..DONE!
Also, this board is completely useless
Titan Medical Sucks, this stock is going down big time - complete mismanagement, this has no chance whatsoever of ever coming to fruition. IMO, sell all that you own and get out while you can. They will need at least $200M to get this thing to commercialization. Massive dilution coming, might even be coming a day or two after the AGM on May 29th.
Zero Chance - it will just be an update on all that has happened.
JnJ/Titan/Verb/Auris
Depends on what their employee agreement for patents is but Yes that is what I am saying. What if McNally and Genova, who have worked together in the past, had not already developed this idea of putting a camera on an insertion tube prior to coming to Titan. Are you saying that NEVER happens? WOW
They are rewarding the shareholders b/c they licensed it to Titan. They didn't have to license it to Titan. Could have kept it themselves and sold it off to benefit just the two of them. Do you have any idea of the patent or are you just trying to make a point without understanding the technology and the incredible value it provides for robotic surgery?
What is interesting from my perspective is that I’m voting for the reprice bc they got design freeze but more importantly they are getting the reprice of options for U.S. Patent No. 10,058,396, titled “System and Apparatus for Insertion of an Instrument Into a Body Cavity for Performing a Surgical Procedure.
This is a game changing patent that will give Titan medical exclusivity for having a camera on the insertion tube that will map out and provide valuable information of the surgical site to the surgical robot, physician and staff prior to inserting the camera and instruments. McNally and Genova developed it and patented it and licensed it to Titan and whoever buys it. No other surgical robot will have an insertion tube w a camera on it which really distinguishes Titan versus anyone else.
The reward for developing this patent is the price kept down for the reprice of options. They could have sold that patent to any company looking to get into robotic surgery for BIG TIME money.
Go ahead and run it up, nothing is stopping you. What is holding you back from doing it?
Or I can be a relative of Clinton who thinks it’s not possible that I’ve lost grip on reality. Now that we’ve traded political barbs - unlike u I’ve only held one position and that is:
JNJ/Titan/Verb/Auris
There is absolutely no one on this board that can say I’ve said or held any other any other position as reason for my investment. And last I checked no one can actually disprove my theory. Hey if I said that about TRXC, it would easy to say I’m wrong. They have an FDA approved product w no partner and bleeding MC daily.
Unlike most of you, if intuitive or Medtronic offers $6 Billion for Titan then I will be the first to say I was wrong.
And just bc u tried to take a shot across my bow, please enlighten and share w the board another position I’ve taken other than:
JNJ/Titan/Verb/Auris
Before you contradict yourself, remember when elmoussless posted that Verb is vaporware and you posted to “cue Taco” for rebuttal bc even u knew I’ve only held that position
IMO, it was agreed upon by the big partner if McNally and his team delivered on a single port platform. They delivered and so it will be. Done deal, end of story. Those that think it won’t pass or it might even might be close really have no clue what is going on behind the scenes.
Yes to reprice - no brainer
Yes the reprice of options will get approved and by a wide margin - let's just say it won't be as close as the Randall vote got a couple of years ago.
Does he also owe us for good ole Marty Bernholz and his gang of shorters and illegal/insider trading partners?
OR..OR...OR...OR...OR
Its not jsut one or the other, there are numerous reasons to reprice, not just 2 reasons.
This isn't TRXC - that is the fire sale.... actually it is just a big old fire burning the entire thing to the ground.