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And the R/S split was put on the table just in case they couldn't get the SP above $1 for ten straight days. But the R/S being on the table is what's going to CAUSE them not to get it above $1 for ten straight days.
Unfortunately the RS news cast a cloud over this stock. Small news like this will unfortunately not reverse the effects of the RS news.
Is there any benefit to ANYBODY by management doing a R/S? I just have a sinking feeling management isn't going to make much effort to not have to do a R/S and do one. But I have to wonder who benefits from a R/S? Especially if one can realistically be avoided? Thoughts?
Something very similar happened years ago to a group of doctors who invested in Titan. Granted it wasn't $18 million, but we all assumed that since doctors were now investing millions there's no way they'd do that in a flailing company. It wasn't very long after that the R/S hit and that investment has gone to Tee Total crap. I'm almost certain those doctors are still pissed about that.
I would also like to know how hard management is really going to try to keep the SP above a dollar. Especially seeing how all they have to do is re-price their options after a reverse split and they're good to go. I'm not sure there's much incentive from their standpoint to put much effort into doing other things to keep the SP above a dollar. Thoughts?
So the only reason they would do another R/S is to stay on NASDAQ? I'm assuming the "only if it becomes necessary" comment is what management said in the response to you? I wonder if that comment means they are going to try to do other things to keep in compliance with NASDAQ listing and if they don't work the R/S is available? Is that what you got out of the email?
I wrote. I received a courteous reply indicating why they believe they need to have the ability to do a reverse split (only if it becomes necessary) and why they fully support Mr. Vance's nomination.
I would still prefer to see/hear a plan as to how they can maintain NASDAQ compliance without a reverse split.
I think the problem any company will struggle with is there's a window of time between the most current and it becoming "outdated". I think this maybe what SPORT has run into over the years. AT THE TIME they were building what would be the most current, cutting edge technology. However, with piss poor management and their inability to raise money and get the product to the finish line. The once current technology became dated. They've rinse and repeated this for years. Hopefully, with Medtronic now involved, this is no longer a problem. But we'll see...
If I'm not mistaken money is not an issue for the foreseeable future. This was addressed shortly after the specifics of the Medtronic deal came out. But I'll let those who actively calculate those figures chime in if they want to.
What is the burn rate, how much does TMDI still have, after payment of old bills etc?
Because when that's the only option you have or not get a robot in the market at all. You take the deal. There's too much money in the market to be stubborn and stupid. My guess is the plan is for Medtronic to never allow Titan license their IP to anyone. After the development process that is currently in place with this agreement with Medtronic is completed. Medtronic will probably offer Titan an offer they can't refuse. Problem solved. This isn't rocket science. It's business. Business isn't a complicated medical mystery. You can see it setting up that way and anyone who can fog a mirror can see that unless Medtronic buysout Titan. They will have to compete with the same IP that's in their robot in other company's robots. Not going to happen.
It appears to me the deal in some capacity is giving Medtronic the rights to use Titan's IP but doesn't tie Titan to Medtronic. Titan has the right to continue to own and operate its IP and company independently.
No doubt that hindsight is now fully 20/20. It was no coinky-dink that Zaring "left" Medtronic, came to Titan, stayed a short time, left then within months Medtronic has a deal with Titan. Someone would have to be either grossly naive or purposelessly in denial to think otherwise.
Granted, it doesn't forgive Titan management for their previous blunders but no doubt Zaring was placed at Titan.
Titan has ALWAYS been this way and I don't think anyone has been able to explain it.
And on the other side of that same coin are the "Paul Revere's" of the board screaming "The British are Coming!" everyday, could very well be doing the same thing but accomplishing it another way. You may not want to assume everyone trying to "sincerely" "warn" everybody about this stock is doing so with honest intentions...
They have the money to buy at a higher price what people like us can only buy at lower prices. People with a lot of money don't have to get in when the company/stock has a lot of risks. Many of us here can only accumulate the amount of shares we have due to bargain basement prices. However, it is also a time where the company has a lot of risks. Big investors, whether institutional or big money individuals, can in one wire transfer buy at $8.00-$10.00 a share what we had to buy at .85/share, minus the risks. That's what having a lot of money can do for you.
TMDI is a typical low float -Low outstanding share count.It is not a well known say-technology company that has many institutions owning it.Nor does it have many large investors in it.It is below 5.00 and many 'tutes' can't own any stock under 5.00 So,you ownership of shares in the market place that are tradable is not really locked up and awaiting for something to happen -yet.Why don't they buy in early to own ahead of the move or buyout?
Because they like clarity and more progress with confidence before laying out 10's of millions on potential gains.In the meantime it is dead money to them.So what will it take? More disclosure and execution on TMDI's part like IDE filed,human trials started,MDT stake exposed for real,Over 5.00
The SP will begin to climb when everyone that matters has their financial position in the company where they want it. Until then, the SP will linger at pennies on the dollar and the tomfoolery that happens everyday on this board will continue.
I know you've been around for as long or longer than many true longs on the board. I've been in this since early 2014. So I feel your pain. But I now believe we are truly in a very good position with the Medtronic deal that will end with a nice buyout. It is tough to watch the penny action from day to day. But the agreement even stated there are multiple stages of development/milestone process that Medtronic will be actively involved in. Medtronic doesn't do something like this because they're bored and want to waste money on something they know is a long shot. Hang in there, rant from time to time if need be. But don't sell!
Personally, I've waited this long (over 6 years) so if we can get significantly more buyout $$$ with FDA approval then I'm for it. No need to get within sight of the finish line and sellout. I'd rather wait for the grand prize.
Just checking this today. A lot of volume so far.
Okay, thanks. Yeah, I've "cussed" the daylights out of this management team, but haven't sold a single share. Actually acquired 14,000 more recently at way under $1.
Is there a reason to do a raise right now? If the stock can be "manipulated " to satisfy listing requirements then can't the stock be "manipulated" get the SP into the warrant money? Honest question.
So you're agreeing with me? LOL!
I would think with Medtronic having their own independent person on the BOD. That BS is quickly coming to an end. Up until this point, Titan has never had this type presence, in this capacity, on the BOD. Wouldn't you agree?
And my guess is once said investor's name is disclosed we won't be able to buy at .93/share any longer. If anyone is in this for a buyout, aka the long haul. Now is the time to buy, buy, buy or if you've already bought all you can. Hold, Hold, Hold. The Medtronic deal is the smoking gun everyone has been waiting for. A company like that doesn't make this type move without pretty much being damn sure they've got a winner.
There's no doubt this is HUGE. I don't think that is even a discussion anymore. The discussion now is just how "HUGE" it will end up being. I'm a 7 year long so I've taken a beating over the years both financially and lord knows emotionally.
I REALLY would like a BO north of 3 billion. I REALLY, REALLY would.
I don't think they've written a check for $30 million to Titan in lump sum. From my understanding they gave Titan $10 million up front in a "senior loan" that is separate from the $30 million. The 30 million will be paid out in increments based on the progress of Titan/SPORT.
Titan didn't just cash a check for $30 million.
Are you buying more, in wait and see mode or holding what you got and no longer buying regardless?
I agree SPORT19 that no matter what the "deal" ends up being with Medtronic on a BO. It won't come close to what this "could have been". But, what transpired today is better than what we had yesterday and for the last two years. At this stage of the ball game we at least now have some level of true confidence that we can at worst get our initial investment back and at best still make some good money.
I think this little diddy right here is huge leverage for Titan. We've let Medtronic in on the pie but we still own enough of the pie to do what we want with it. That is HUGE!
Titan retains the rights to continue to develop and commercialize those technologies for its own business.
Been a long road hasn't it GEO? LOL! I'm still in, never sold. However, with these sub $1 prices I'm A LOT more comfortable and buying more. With the Medtronic deal now in place I just don't see this ultimately being a sub $10/pps stock for very long.
Yep. This is very much going to be the case. This sub dollar to $1 pps will not be here very long. I'm about to take advantage of it.
Now that we've got this news I think I may start buying again. Even at .95-1.00/pps, its worth buying in at considering what the buyout will probably be. But with Titan, nothing ever is normal. So who knows?
A BO at $3/share still leaves a lot of with a massive loss. Yeah,the news today is great but for those of us who ran out of investment money need for today's great news to mean BO price to be much higher.
Yep. At this stage it's just a waiting game. I should have cashed out YEARS ago when my gut told me to. But here we are...
I hear when it hits the .25 milestone David and staff are celebrating with drinks and dinner at the local steakhouse after work.
My guess is because there's nothing left to say but "This suck-ride is over folks. We apologize for this not working out, but no one's interested in raises or partnerships. We do however, thank y'all nice folk for continuing to let us cash our payroll checks while we completely wasted your money. That's mighty kind of you." Regards, David
Look, people are pissed and like you have lost a TON of money. I know I have. As irritating as it is, people on a message dogging management aren't the problem. They are a symptom of the problem. Also, people all of a sudden bettering their attitudes and "thinking positive" will not change the incompetency of this management. The problem is McNally and this pathetic management team and how ANYBODY with a straight face and set of balls can take up for them is beyond me. They have cost all of us a lot of money. A LOT.
You give life to what you acknowledge. Ignoring is the best solution.
Now you've ensured he does it twice as much. He's actually being sarcastic and is just as pissed off as you with this investment.
It's dead. Outside of a miracle. Doors will shut on this thing within the year. They can't do a raise because no one will participate. They can't find institutional investors because they're not interested. Oh, did I mention they can't pay vendors their outstanding invoices? LOL! Other than that everything is going as planned.
You forgot "out of money".
LOL! The only announcement they could make and be telling the truth would be "We're out of money and no one is interested".