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So overall, what recent events and the last MD&A tells me is that 1) they really need the 10 million right now 2) they could have asked for more, but didn't, which either means a) they expect share price to rise and hold out with another offering till then b) they expect not to need anymore. Option (a) seems to be more likely.
The good news of is that things will be happening soon as everything in the timeline seems to indicate. They are actually building things now instead of only developing with no clear end in sight. The bad news is to expect continued volatility.
Either, hopefully a good bounce today...let's see if it carries..
The last MD&A indicates there will be more (see below), but with Longtai there does not seem as much need for the total amount and perhaps there will be more to come from other distributor(s) (plural is mentioned as such in the MD&A as was Asia). It seems building the prototypes/units is pretty expensive though and they are building a lot (4 more for clinical trials in the next quarter on top of the 7 build this quarter). Another issue, anyone know why they did not indicate when the latest offering is scheduled to close?
On July 23, 2015, the Company filed with the securities regulators in Ontario, British Columbia and Alberta, a Preliminary Short Form Base Shelf Prospectus, relating to the offering for sale from time to time, during the 25 month period covered by the prospectus, securities with a total offering price of U.S. $45 million. The securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the sale and set forth in an accompanying prospectus supplement. The Company currently intends to use the net proceeds from the sale of the securities for the Company’s research and development of a clinical-grade prototype of its SPORT™ Surgical System, pre-clinical trial and regulatory costs and for working capital and other general corporate purposes.
It is an issue on these boards with irrational postings.
As far as your point, it's fair to have concerns about management I think, and they lack an ability to instill confidence, creating ambiguity and suspicion instead. I don't disagree that's a problem.
But..I would not be in this company if I fell for that emotion. I would be far more concerned with the slick management of the other company that shall not be named on these boards.\
Either way, even more to the point as to the here and now, there was nothing really unexpected with this last offering in my opinion.
With Longtai I betted they might not do a public offering (as did the overall market), but I was wrong...as bets tend to go.
Otherwise, nothing really out of ordinary here with recent events.
I did that right after the Longtai agreement doubling my position.
Averaging up at 4 sounds better now!
Either way, no matter what...as has been pointed out by others....nothing has really changed with the fundamentals of this company and no long term investor is in this company for a fluctuation of a few cents...
Have to believe that they won't create all this turmoil if they feel they needed more than 10 mil in this offering. Still have to see if that pans out, but it seems to be the idea of management right now.
Well...one of your last suggestions was that people exercise warrants that are out of the money as a gift to the company. And now you complain again about the company? You have to make up your mind. Too much hysteria and emotion...how deep are you in? If you can't afford to lose the money...you should not be in these type of companies...it's either a big win or big lose...
For what it is worth..I am still in and not terribly concerned...
It looks to me we're beyond the bottom already. I would not call what happened yesterday a bounce, and certainly not a dead cat's bounce like LTG suggested. It was a recovery.
A lot has to do with a lot of supply coming out of the wood-works as soon as we approach the top of the breakdown bar from last November. Everyone who bought at levels above 2 went underwater, and there have likely been a lot given the long range before the breakdown.
Some of those went out of TITXF with heavy losses, but there are no doubt also a lot of people who held on and wait for an opportunity to get out since they lost confidence. That is the supply resistance being met now. We did it already once with the brief jump in February, and then downhill again because of supply. But at least it washed out some of those people.
Not sure if that specific supply has run its full course yet, and if so, expect another spike and down again, but once that supply is gone, I expect we go over 2. November was brutal and we still feel the effects now. That is all there is to it as to why we are not over 2 yet IMO.
It looks like to me that we have build a bottom for now. Not a bad place to buy IMO. You can hope for revisiting 1 again and buy there if you are not already invested, but we might not see that level ever again. If I would have cash to spare, I would buy here, but I don't so just sticking with what I got, and liking today so far.
I will doc!
Reading cptjsd's technical analysis is more exciting than youporn.
Still long and strong, although it sounds like a strange thing to say right now...
In any case, volume is decreasing rapidly lately, deflated and limp, so it looks to me we're just about done here.
PPS bleeding with low volume is possible as TRXC shows, but if I'd have to bet on it, I think this is about it. Either way, I think heavy selling days with high volume have passed.
I like the information about the institutional investors, which is really needed in my opinion for this stock to expand next year, and give it a firmer base. I'll be very interested to see how that progresses. I believe it will be public information at some point in the future (when/where?)
Yep, and with a successful test today of the top if the breakdown bar of 18/11 with lower volume than 20/11 we seem to have some more support developing at 1.44. Hopefully build from here, since I think almost everyone has seen enough action for a while. I know I have.
Yes, looks like we`re testing the top of the big breakdown bar.
Not abnormal action I think given the strong rebound recently, but it would be nice to hold here, and then make a new attempt to the 1.65 area.
If not, more action and volume ahead this week.
Thanks Bristol. Good information.
The strange thing is that silence to the current degree does not make a whole lot of sense unless it was something critical.
What trade secrets could be revealed with a few videos? I can’t think of anything…except maybe haptic feedback….would it show with a video?
Just putting some thoughts/words/impressions together going over in my mind by Hargrove and Randall recently:
Potential is staggering, more than expected…according Hargrove…
Ximedica coming through in a great way …
The feeling that we are saying too much already even with the silence…
Long timeline for engineering verification next year….
Silence will pay off in a big way…
Haptic feedback being more critical with expanded use (I think)...
I'm probably thinking too much for a Sunday.
I'll throw a wild one out there in relation to my own question...
They have haptic feedback already? It explains the long time needed for engineering verification for expanded use next year, which I have so far not heard a satisfactory explanation for.
Perhaps the question we should ask ourselves then is exactly why and how silence now leads to greater return later.
That would give some greater insight on their plans and what is upcoming than anything else.
Is silence now related to an edge on competition, and how is it related?
Is silence now related to FDA approval in any way?
Is silence now related to financing in any way?
Is silence now related to deals with other companies?
Yes, a lot gets lost in translation, communication is a funny thing, as most have probably experienced from the "Chinese Whisper" game, or "Pass the Message" game at one point or another.
I was struck by it recently, with one member talking to Hargrove, and how good news would be coming "very soon". That member was nice enough to let me see the original message, which is appreciated, but I came away feeling differently after seeing it, with the original message representing something far more ambiguous.
All in all, reading between the lines of everything I have read so far, I walk away with the sense that Titan management is extremely strategic, in a good way. Both Hargrove and Randall come across like a couple of old foxes, again a good way, and why I don't really agree with some of the recent calls for replacement, or that he is too old.
I am perfectly happy with current management, and we don't need a young gun until the daily affairs of Titan simply get too busy to handle for one person. I think he is with Titan at the right time and will help to bring this product to market in a way that probably few younger guns will be able to do. I don't want to go down the same path as TRXC. Young executives are more likely to be impressionable and influenced, going for short-term gains.
So, take it as you will, but this my "interpretation" of all the source reports. Subjective I am sure, but subjectivity is my profession.
Same here. Hope he pops in here soon with at least some news.
I guess he doesn't want any potential conflict between the article and the excerpts/quotes of the interview he posts here, which I can see takes some verifying and time to do right.
But it would be nice to get an idea of where he is at.
Can someone remind on the arguments as to why the Single Port DaVinci is not in direct competition with the SPORT? Adn why the SPORT offers something different?
I know I had my mind made up on it some day, but my brain is getting older, so I forgot, and the sassy camera of the ISRG in comparison to SPORT still bothers me.
It's not an uninteresting idea and it crossed my mind. Maybe...
The way the TRXC stock behaves, bleeding like a pig operated on with Surgibot by Longtermgems, makes me suspect it will never see the light the day.
Either that, or investors expect zero sales when it does make it.
On share dilution, and the possible need for additional financing, I am encouraged by a conversation one the members had with Randall (I think it was Flenderson or someone else), and their focus on keeping a tight lit on expenses. That could mean that their plan right now is to try to make it to production with the money they have, so I would be very surprised on anything in that area in the near future. In my opinion, they wanted to do the expanded use all along, but did not initially plan it because of uncertainties with respect to financing. The ease at which money came in with the last round changed the whole strategy to this more ambitious plan of expanded use.
Either way, pps will have a chance to climb. It's only until Q2 2016 that we need to worry about money running out, and we'll have plenty of warning beforehand on how fast they burn through cash until then with upcoming earnings reports, which we should keep a vigilant eye on. I expect them to stay under given those earlier mentioned comments by Randall.
Have a good weekend all. It's been a hell of ride last week, and we should celebrate.
I think the SAB is one of the strongest assets and vote of confidence for Titan. Not just Fowler. He's very strong, but Arnold Advincula and the others as well, who was recently brought up the board here chairing the Vancouver conference. I understand he was a poster child for ISRG back in the day, which sounds great to me. Even the more "junior" one's seem to have been chosen to serve a critical purpose in areas they excel. The SAB seems to have been formed with expanded purpose for SPORT firmly in mind, and likely the surgeons we'll hear a lot more about next year in relation to the human case studies. Never really caught on at the time, but it seems pretty clear in retrospect.
As far as today's close, I'll be sleeping much better this weekend as compared to the last one.
Yes, although visibility has not helped TRXC in the end - any whiff of not being able to make it, and people that are in it bail out. And the practices of TRXC with their financing and reverse splits do not instill confidence in these start-up companies either. That stock is bleeding out faster than a pig operated on with the Surgibot by LTG.
They are still considered high-risk companies and that keeps a lot of investors out to begin with. Not sure how you quickly change that perception, except for Titan staying the course, showing they have viable product, good financing, and a rise should follow together with an uplisting done in a responsible way.
I really would like to see SPORT in action, which to me personally makes a big difference.
Anyways, nice day to see us holding steady today. Emotionally, I like to see us break higher, but this is a very good end of the week either way from any perspective.
It could very well go back over the 2 level before that in my opinion. These sort of stocks easily break through support, but also resistance zones, so it makes them a lot harder read technically. Any catalyst could do it.
Yes, glad he invested himself. It could also be good for eventual covering of Titan in places like Marketwatch, and other media, where he publishes.
Sure, here it is, hopefully this time without getting flak from the least bright crayons in the bunch.
From yesterday:
I hear ya...
Very aware, very excited, but moderate in my emotions given the last week. But yes, excited with a twinge.
Good to know. How does a guy like that become a moderator anyways?
Agree, all things considered, the fundamentals of Titan have significantly improved. If the market were rational, we should actually be trading higher than before the break, but the market is not always rational. But it is likely it will do over time at one point once things settle. Learned a lot about myself in the last week as a long term investor, and it was just about as much as I could take myself, so I feel bad for those retail investors having sold at the low. Luckily I set my stop at Canadian dollars at a round number. Looking back, very happy the US dollar is strong these days.
It's been a good day. It held up really well. Let's see what tomorrow brings, up or down, but I think either way, there is some calm back. My guess is we'll attack the 1.65 level again early morning, and from there it can go either way.
I thought it was funny.
lol..he's back...we were just talking about you..
Some resistance at at 1.9 for TMD.TO, and whatever the equivalent for TITXF. If we close over that today - best case scenario...
Strong opening. Daring to hope for a V-shaped recovery now.
Sorry, missed this post from 2 days ago. I'm a clinical researcher - treatment trials and so forth in clinical psychology/psychiatry.
Was he going to update us on the boards here ahead of time? Or was there no such promise?
Great news. He must be working through the night then. Thanks.