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In casino terms...there are multiple decks of cards shuffled together right now and the game is being played. We win when that last card of the deck is dealt. Until that time it's just games.
It is doubtful that Mc could put out a PR right now even if he wanted. He most likely doesn't have total control over those decisions an longer IMO.
Will you continue to post share price updates throughout the day when this thing takes off? Doubtful.
Many believe Medtronic bought the 18 million dollar raise for many reasons. Again, why would Medtronic allow a press release that they were partnering with Titan to get millions of eyes on Titan and then let another company swoop in and buy a huge percentage? Also, what other company would buy at a dollar and be ok with this thing sputtering around at 80 cents a week later with no effort to boost share price by Titan.
On the other hand if it was an outside company and not Medtronic don't you think they would have done their homework on Titan before hanging them that kind of investment? I'm sure Titan showed them the design and updated timeline and they liked what they saw.
So my opinion is that either way it is a good thing. If it was Medtronic than great but if it was someone else then that means that Titan let them peek under the hood and their eyes popped.
If Titan really cared about share price right now wouldn't they be piggybacking off of the Medtronic bump with updated timelines, etc.? It is clear that they don't care about share price right now. Why do you think that is? Do you think the company that just bought the 18 million dollar offering is mad that they bought at a dollar and now it dropped 20% and Titan is making no effort to make it jump? I think the only company that wouldn't be mad is Medtronic because they know the plan. Hmm. Just my opinion of course.
If you think Titan sold out to Medtronic then why would Medtronic have included development milestone targets tied to payments for Titan? Why would they care what they do once they can use the IP? Can you please explain this?
Wouldn't that fact that Medtronic now can use Titan's IP hurt the eventual buyout price? They may want Titans single port robot but the IP is very valuable itself and Medtronic now has it already. Just curious.
What happens to the stock of the smaller company that is integrated into the larger company? Is it a typical buyout for X amount of money or do they get shares of the new company?
IMO Medtronic had to be the company to buy the last raise. Why would Medtronic give Titan the benefit of a PR using their name as a partner and all the eyes that attracted and then let another company buy a chunk of the company that they clearly want. Also, why would they give them the 30 million to help get this thing finished if there was a chance that another company could swoop in along the way and outbid them. It looks like Titan and Medtronic probably have some type of deal done and everything going on right now is just financial red tape and getting everything in order behind the scenes. As someone else mentioned it probably doesn't do either company any good to be transparent with everything right now. If it was another company that bought the raise why would they be so secretive about it?
Now Im sure not going to complain if Medtronic lifted us out of the ashes and buys us out but I also feel like shareholders are not getting the benefit of this great technology being shopped on the open market where BO could have been much bigger than where it will ultimately end up because Titan and Medtronic may have locked ups deal already. Just my opinion.
If Titan showed off the robot more maybe they would have more companies trying to buy them out. If they keep up the secrecy all the way through submission they are just helping Medtronic and hurting all shareholders that may have made more money with a bidding war. The disclosure of who bought the offering should have been a huge boost for shareholders and we can't even get that.
Of course the investor wanted to remain private because that is so Titan. Nothing is ever clear after all these years. Major things like this are still secret to the people trying to make decisions on whether to buy this stock or not. Very frustrating to say the least.
I just don't understand how Titan expects anyone to continue to invest in this company when they seem to not care about the share price continually manipulated downward. They never make an effort to raise SP. Also, they seem to be deceiving shareholders by not disclosing info on who purchased the shares of the raise. Investors following this know that the info is coming after 10 days and they decide to buy on day 9 and then nothing on day 10,11,12...I was super excited with the Medtronic news a few weeks ago and doubled my shares but now I'm starting to feel like I have for the last few miserable years with this company. I hope they prove me wrong this time but boy are they shady.
Why not announce the Medtronic involvement and let the share price run-up and then do the offering and not dilute the longs every time? They could have raised money at a 3-4 dollar a share price instead of the $1 and had less dilution. There are always games played unfortunately that hurt the long time shareholders.
If Medtronic has know for approx a year now that the end game is to buy Titan then isn't it in their best interest to suppress share price as much as possible along the way? Wont they be able to do that if they own 20% of the shares?
I do remember over the last few years when Titan would announce a delay for Sport then Medtronic would also miraculously announce a delay in their robotic schedule right around the same time. Hmmm.
Below was my post from 8/27/19
There are a ton of interesting tidbits between Titan and Medtronic over the last few years but throw them all out and look no further than Zaring joining Titan recently. No chance that the VP of Robotics for a company like Medtronic leaves right when they are on the cusp of unveiling their platform (that he has been working on for years) to go to a struggling company like Titan. Even if he wanted to for some strange reason there is no chance Medtronic lets him leave to go help develop a possible competitor to their new robot. ZERO percent chance. Makes no sense and none of the doom and gloom posters on this board have given one reasonable explanation for this move.
The mistake you a making is assuming Mc is in any way calling the shots at this point.
Someone had mentioned that management possibly has been unable to purchase shares if they've had inside info on this Medtronic deal for a few years now.
Why wouldn't Titan wait to get PPS up some more before doing an offering for $1 with all the momentum they had going? It really hurts the longtime shareholders and only helps Medtronic or the investor that wanting in on the cheap.
And yet the stock price hasn't tanked since the news...interesting.
One more point on Zaring. Many have said he may have left for the chance to make more money. That doesn't explain the fact that Medtronic would have a serious non compete contract in place with him and no chance he could go to a competitor to help with robotics for at least a year. Also, no one in this field would leave a VP position at Medtronic to go to a small Canadian startup with a tanking share price and minimal money in the bank.
There are a ton of interesting tidbits between Titan and Medtronic over the last few years but throw them all out and look no further than Zaring joining Titan recently. No chance that the VP of Robotics for a company like Medtronic leaves right when they are on the cusp of unveiling their platform (that he has been working on for years) to go to a struggling company like Titan. Even if he wanted to for some strange reason there is no chance Medtronic lets him leave to go help develop a possible competitor to their new robot. ZERO percent chance. Makes no sense and none of the doom and gloom posters on this board have given one reasonable explanation for this move.
So to follow up on TITXF18's question to you that you haven't yet answered....why did Zaring go to Titan from Medtronic?
Ive been in this stock about 7 or 8 years now and am so tired of having my money tied up here. People on this board keep saying "keep buying, keep buying" "this is a gift at these levels". If I had a dollar for every time Ive heard that on these boards the last 8 years. Also, not everyone on here has tens of thousands of dollars of play money just sitting around to continuously dump into this penny stock every other week.
Question....If Titan gets bought out do all of the outstanding warrants with strike price below the buyout automatically become shares and dilute the share count?
Where can I go to see the activity from today and what symbol should we type in now? Thanks.
Thank you for posting your info but anyone that makes any investing decisions based off of this is crazy. This guy has flat out lied to just about everyone on this board that has ever spoken to him. No big players involved?? Do you honestly think he is going to tell some investor 'oh yea we are negotiating with Verb and Medtronic right now' and that person can go back and post on Ihub. Cmon now. Oh yea and they only needed 'minor' design changes but FDA is pushed back 2 years. Sorry but this info is useless. I wouldn't believe one word of it. This company has never showed its hand to any Ihub investor and they aren't about to start now.
It just amazes me that an actual robot of that magnitude, performing procedures by top docs and with simulation software, is sitting at $.18/share.
They had no reason to do this raise so close to the last one with all the money they have in the bank if they didn't know this was going to close right away.
So you really think another raise is coming? A few on this board think this company is such garbage sitting at .20 with no milestones in sight and yet they can fill back to back raises in under a week somehow...how do you think that is?
Hmmm...sounds a lot like McNally not knowing how long this delay will be and giving vague reasons for it. Maybe just a coincidence...maybe not.
Thats the big one they are saving for post reverse split.
Apples to oranges comparison here talking about growth to $7/share with 500 million outstanding shares vs a 15:1 split and only 33 million shares. If you had the same growth the share price would be closer to $100/share, not $7.
The other 2 are with Verb working on software.
Any idea what this news might do to the PPS?
Why would there be so much buying with a raise imminent? Wouldn't it be the opposite?
Why does the supplier not want to be mentioned or Titan not want to mention them at this point? Can someone shed some light onto that?
I do not believe Nicholson Center would just take on any startup robotics company who was willing to write them a check. Combine that with the fact Patel is engaged with Titan and I think this validates the robot and technology. As far as JNJ goes, they may have an agreement with Titan but want to remain anonymous until a certain point in time. So its not like they can just write Titan a check right now and give them all the funding they need. Now maybe if Titan actually ran out of money JNJ would have to step in earlier than they wanted to but no reason to show their cards just yet.
Makes sense. VP was taken down from the Titan website what a month or so before the announcement of the partnership with Nicholson?
The deck isn't that stacked against it. After a 30:1 split, assuming no further dilution, a 1 billion dollar buyout would put the share price around $125/share. Now, you know there will be more dilution but if this is the real deal than the buyout will also be higher than 1 billion.