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I'm trying to figure out if you are being sarcastic or being serious. LOL! I read it one time and I pick up on possible hints of sarcasm. I read it again and you sound serious.
This is more than likely a run up for financing. But if not, I'll be pleasantly surprised.
Thank you sir!
Sorry for the stupid question but where are y'all seeing the individual orders? I've read several posts talking about the size orders they are "seeing". Where can I find that?
Anyone think we'll see a "run up" on PPS this week or next for another financing? At some point we're going to need more cash aren't we?
I agree CUIN. If things don't change (with the PPS)by December I think we'll see people taking their capital losses (for tax purposes) and simply exiting this investment all together.
For pure speculation purposes, what do y'all think the PPS would go to if Monday morning VERB or JNJ announced a partnership with Titan?
According to the article several other robotic companies have already gotten FDA approval and as an aside. It sounds like Intuitive isn't going to simply give up any market share without a fight (see last part of the article). They are a very healthy company with tons of cash.
Don't get me into the calculations part of it. I have no clue! LOL! But my brother in law and a lot of his financial savvy buds are invested in Titan and I've heard them repeat a lot of what has been said on here. Granted, they may read this board. Though when I asked my BIL if he read this board he said he'd never heard of it. But he and his buds seem to think a floor of $10 and a ceiling of $20, assuming FDA approval. But he told me a week or so ago that in his opinion the thought of $50/share that many once thought about needs to be shelved. That he HIGHLY doubted that would happen. That a more realistic number would be $10-$20/share.
I love your optimism and at one time I had dreams of $35+/share. But I think the more realistic line of thinking is if Titan gets past FDA approval they are more than likely looking at selling between $10-$20/share, with $20 being REALLY REALLY optimistic.
Your estimate of how much Titan would sell for if "the boat started sinking" seemed to be confirmed by the article that was linked on here yesterday (now a sticky). The article states they believe Titan is "undervalued" and should be approximately $4/share. Which is right in line with the value you said it would sell for if they unloaded it right now.
If the boat is filling with water I just hope they can unload it for above $1.00. Is that realistic or not, in your opinion?
CUIN it looks like you may not get back up to the $2.30 like you wished. This thing may be on its way under brother. Sucks for us all.
"Many" who? Investors like us or people within management/the company who own shares?
Well, according to a few they aren't going to be able to do it and will unload this thing for $1.50/share. It's inevitable.
Seriously, I'm sure they've already thought about and planned for coming up with the money. If the company was in dire straits of not making it or if they thought they weren't going to be able to make it there would be (at least in my opinion) some jumping ship by now.
It does stink for a lot of people but at the same time investing in this type stock is a HUGE FINANCIAL risk to begin with. From my limited experience with stocks of this nature they are all over the spectrum. They "go up" then "come down", "go up" then "come down", rinse and repeat. Like a roller coaster. It is very unpredictable but that is why before ever investing in stocks like this (or stocks of any nature). It better be money you can afford to lose. If it's not then it is a very unwise investing decision.
If what you're saying is likely to happen then I can promise you management already has an idea this is what they're going to have to do. And if this is true my guess is those in management who own a lot of shares are ready to unload this thing, get their money and get out.
The next 6-8 months will tell us a lot.
Fair enough. I get it and I understand. I haven't been in it that long. I've been it going on three years. So half your time. Hopefully you'll get your wish, get up to $2.30 and you can cash out and move onto something bigger and better. Good luck to you as well.
Fair enough. I respect that. So are you looking to completely get out and have given up on the stock?
Well unless you are in a position to currently cash out and break even or take a small loss. You are basically stuck with this management for the duration.
So the best thing to hope for is for current management to keep this thing afloat and pray to God they get FDA approved. If we get FDA approved you can put retarded monkeys in suits as management and not be able to keep the share price down. Because someone will pay a pretty penny for Titan (once FDA approved).
No one likes where we are at. I've gotten my cost down to .97/share and am confident that at worst I'll be able to break even. I really don't see this thing bankrupting and we all completely losing our entire investments. I just don't.
So you've basically conceded this stock isn't going anywhere? I would be interested to see (if you'd be willing to disclose it) if in 10 months the PPS started rising to $2.30 and being that much closer to FDA approval would you pull the trigger and get out.
I think about this often and have come to the realization that either way one goes there are risks involved. I've thought about "getting out" and putting my money in something else. But putting money in something else isn't changing the risk.
I could cash out of titan, put my money into XYZ stock and within six months XYZ stock hasn't done what I thought it would, dropped 50% and in the mean time Titan has started to appreciate. The problem is we can't tell the future. LOL! (I wish I could). So we have to make educated guesses that don't always go as planned.
So here's how I'm thinking. As of right now is there another stock out there that I KNOW FOR A FACT will make me money if I cash out of Titan and invest in it? That answer is "no". I personally do not. Is there a stock right now that I have more confidence in the future of that stock than Titan? Personally, the answer is "no". So unless I come across a stock that I'm more confident in and/or know for a fact will make money in the interim. Then I'm staying put with Titan, ups and downs included.
I'm also open to suggestions as well. If you have some stocks in mind that fit my above criteria please do a brutha a solid and let me in on them. LOL!
Is there a limit of shares that can purchased via etrade per transaction? I'm wanting to buy over 10,000 shares at one time and it keeps telling my shares are an "invalid number". But when I put the exact same number, minus a few zero's in it. It proceeds with the order. Can someone advise with this issue?
I'm convinced something happened that the Titan management didn't like. It has been quite evident the company has gone out of its way to withhold any form of positive PR that would benefit the PPS. We've discussed it, argued about it and have given reasons as to why we think the company hasn't "advertised" themselves to the world more. The million dollar question is why? Why is the company so hell bent on keeping even the most basic PR off the wire? Is it because a deal is already in place for a buyer and the goal is to keep the PPS as low as possible until the deal is executed? I have no clue. But something is definitely up. It's hard to explain away the abrupt removal of a FB page, a good contributor to this board abruptly signing off the board and now all the new information and pics on this board being removed around the same time. I was born at night. Just not last night. Something went down.
Then I guess the question is what information did he get that caused him to abruptly sell and get completely out? I highly doubt he was retiring if he cashed out at .65/share. So if he did cash out what was the reason?
Okay thanks. I wasn't sure if "OUT" meant he was signing of the board or getting "OUT" of the investment.
I hope he comes back. I really liked him and his contributions. Seemingly a great person.
Well, I would really hope he would let us know why he shut the page down and seemingly got out of the investment. Especially if he has valuable information that could keep the rest of us from losing our arse.
So the FB page was actually mentioned on the conference call? I didn't know that. What was said about it?
What happened to the Titan Medical Investors Facebook page? Has it been closed or have I been kicked out for a reason unknown to me?
Which is still a ridiculously low price considering where this thing is more than likely headed.
Is it possible he knew about this announcement beforehand and was including it as part of the money that would carry them? Is it possible he knows about more in the pipeline like this one?
It still wouldn't surprise me. CFO's don't handle day to day work in accounting. Many of them depend on a mid level management person to keep them abreast of the current financial situation but doing that isn't as easy of a task as it might seem. I was controller for a company that I reported to the CFO. This guy barely showed up for monthly meetings, was bad about asking for reports at the last second before going into important meetings and had no problem continuing the meeting if getting the report wasn't possible. He'd just go off the information he got from the last financial meeting we had and trust that not much had changed. LOL!
I've worked for companies whose owner/partner/CEO spoke out of ignorance in meetings or conferences. It is very common for these type people to not work directly with accounting and get an understanding on where the company is regarding current finances, cash flow and future cash flows. I can't tell you how many times I've had to clean up messes that our owner made in meetings by him making claims about current state of cash flows and/or future cash flows that we're inaccurate.
I would hope they wouldn't blatantly outright lie.
Look at the bright side. You'll have several years of capital losses you can claim on your tax return.
Now, the question is how realistic is this scenario? Is a deal like this "likely", "possible", "unlikely" or "wishful thinking"?
I gave a guess, as you asked. If it goes for $10/share then I wasn't that far off. My low end was $15. Look, we all want to maximize our investment. In a perfect world I would love to cash out at $150/share, put an ad on the front page of my local paper telling my employer "I QUIT!!!!" with a picture below of me holding thousand dollar bills in my hand.
But odds are that's not going to happen. I've got an average cost of $1.16 in this investment. If it sells at $10/share I will be able to pay off my house and my three investment properties all in one swoop. So how mad can I really get? I'd be 40 years old, house paid off and three income generating properties completely paid off. It would completely change my lifestyle for the good. Again, how mad can I really get?
By all accounts these dudes haven't handled this stock like they should. I get it. It's been beaten to death on this board. But at the end of the day, I can't do one thing about it. As some of you have done, I've emailed them to express my displeasure. That's about all the arrows I have in my quiver. Does it bother me that we are potentially only going to get $10/share when we very well could have gotten $35+/share? You're dang right. But I'm not going to let it completely blind me from the good I would still get out of this investment if it only sold at $10/share. I'm a winner either way. Happy Memorial Day.
Once/if Titan gets past FDA approval that in and of itself brings a lot of built in value automatically. The technology by itself already brings value to the table. And you're right, when companies sell future revenues are many times part of the calculation.
I think assuming we get passed FDA "inspection" I still think this stock gets bought out anywhere between $15-$35/share.
I'm not a "knowledgeable" member of the board but I can tell you what the CC told me. It told me not to expect to be in the money until at least mid to late 2017, if that. Just going by comments on the board, it seems there will be several more dilutions by years end and I don't expect after the dilutions that anything major will happen immediately. So my expectations have been simply moved back by a year to a year and a half.
Let's assume Titan will be bought. What would be the ideal time for this to happen? Or asked another way, at what stage in the game are companies like Titan normally bought out?
It's a fluid situation. ;)