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Nice find on the video !! Thanks for posting .... I said SAGE was going to be the big unveil last year ... someone gave me grief over that. Anyway ... GREAT NEWS !! If they only had the right partners in place to bring in the money we would be sitting at 4.50 already.
This going back to the shelf deal is killing us big time. Bertner should have to refund the money for it's sh*t performance. 20k a month is obscene.
Thats exactly my point. They would have a platform today ... not 5 or 10 years from now ... and could go from there, into the future. I've heard Fowler talk about the robot "taking over" after the surgery is completed and finishing off the closing / suturing for improving cost effectiveness in the future. As we all know the Verb lead has worked along side Fowler. I'm just saying ... and what you repeated .... is the platform now would be a tremendous starting point. A unit that will be ready for market in a matter of months !!
It just makes sense.
What seems obvious to me and just about everyone else is that the SPORT should and could be the very beginning of the Google/JmJ/Ethicon ... now the Verb Surgical .... the alpha unit going to market and ultimately developed into this future machine they envision over the next decade. It just makes so much absolute sense.
Hard to imagine anything else otherwise.
All yours for 3 B please.
Oops .....I confused the Mako with the Mazor ....the Israeli robot
It's a spot on comparison except that I believe Titan is worth a fair bit more in that the Sport will have many indications and is therefore has a broader marketability ( if thats a word ). Which is why Titan put the brakes on last year to expand it's uses.
The Mako is a highly specialized unit ( for brain surgery ? ) and that could be argued adds value aswell on its own. But a smaller base of placements in hospitals.
The Sport is a "small" portable unit that could go from one room to another and doesn't require a dedicated room like the DaVinci requires. Thus .... not only do we have access to larger hospitals but all of the smaller medical clinics say all over India / China etc etc. The potential is staggering.
Thats what makes this so exciting. The flexability of the Sport is a major major advantage.
Feels like an info commercial
Merry Christmas everyone !!
May the management get some common sense for next year
They need to tell the market where the money is coming from or that someone is backing them and then all our woes will go away. In fact I could easily see us sitting at 5 bucks with that info. But going back to the shelf means a 30% reduction of pps every Frick en time. The fact the unit is just about ready to go is unbelievably exciting. It's the financing that's holding this back. That's it.
Ya ... me too ... should have stuck to my guns and been buying now .. damn it. But either way .... a guy wants to be in at this point. Suppose you could wait till March. After that .... it's gonna get crazy and you'll want to be holding as many shares as you can
I have to agree on this one. He's absolutely correct.
I can go with that too but you just have to ask yourself why then are we not the talk of the town instead of the retarded second cousin no one wants to acknowledge.
Something still doesn't add up and if we're involved in any of these alliances then why the silence instead of celebration. All I'm seeing is 20 years of litigation even though it appears Titan is first with the IP. It just doesn't add up that Titan has never once been mentioned.
First surgical robot in space ? That would be something of a news release in the not so distant future. So many possibilities and sub plots at this point. All looks positive!!
Interesting
Definitely non disclosure agreements .....they'll be back a little more than a year from now. I also agree we have to look forward to additional distribution agreements in some pretty exciting markets, as Kahuna mentioned
So ... back to reality .........
What happens at the end of March. Huh ? Anyone .. anyone ?
Really good news !!
lmao
I'm at a loss for words ... just as many reasons why it should go up as there is reasons for it to go down. I'm tempted to put it away and comeback and look at it this time next year. Watching it could be painful, but the end game is pretty exciting.
A Dose of reality ..........
Yes ... it's great news ... but it's too little too late and they lost their street cred last November. All of these announcments of late are fantastic news and if the coffers were full of money we would be sailing. But the cookie cupboard is dry. We have money until March. Then what ?
Answer that one question honestly with yourself and you understand why we are where we are. Each time we go to the shelf we lose another 30 to 35% of share value.
Even when the SPORT is actually complete and in a shipping box for delivery ... we now face the daunting task of marketing / training / sales force .... advertising and promotion ... the list goes on.
Continued R&D ... developement of new tools ... so ....
Basically .. they lost momentium and until we see sales and profits from those sales .... it's a long tough road ahead. The excitement was last November.
They can promise the first SPORT surgery via satillite on the planet neptune but with out the money to make it happen. Who cares ?
They have all their ducks in the wrong order. Going to the shelf every 3 or 4 months at this point is rediculous.
I still think Sage is going to be the Ta Da moment and a major unvailing with spot lights and show girls .. as that is when we will be going into human trials and maybe Doctors can come and "play" with the unit. Take it for a test drive so to speak.
Really good question !
Bobby Posted it first ...wow ...actual photos of the prototype. Hargroves grandson stepped up and completed the project. His daughter was busy in Europe.
I find it troubling to say the least. I fear it foreshadows whats to come and I truely pray I'm wrong. It's bad enough he threw it out there in the AGM video meeting but to put in down in print on an investor presentation of all things is just in really really bad taste. It's like listening to an addict justifying to themselves their next fix and pretending to believe it. They've been hanging around the "brokers" for far too long and are beginning to believe their own bullsh*t. They need a reality check.
If they are willing to compromise their credibility on something as small as this what else are they willing to comprise. Poor choice, and very unprofessional. Disappointing really. You know they are justifing it cause it's "true" but it certainly doesn't represent the full truth. Embarrassing.
That's not exactly accurate, I recall hearing jnj was actually somewhat annoyed with Isrg because they have slowly been eroding jnj's sales of surgical equipment ....and I'm sorry I don't recall where I got that, I'd have to do some digging.
The light has finally come on for them to realize they need to be in this space
I thinks it's unlikely ....but still possible ethicon throws down an offer at some point
If your confused, it means your caught up with the rest of us ....lol !
49% of this board is conjecture, the other 49% is venting frustration ....and that leaves you 2% of the occasional good find on something relevant.
Other than that I would recommend going back through the last 10 years of news releases to follow the ups and downs of Titan. Then you'll have a grasp of what to expect.
All of us hope and believe we are on the home stretch over the next 12 to 24 months
This will never see lows like that again ....your just fooling yourself or trying to fool others at this stage of the game. We are now into serious progress. Oh ...and bless the people that donate their bodies to science ....like seriously.
Is that where the saying "Money Shot comes from I wonder ? Or is that a different movie .....hmmm
Good question ...but either way we are finally on the home stretch and it's pretty exciting. Suprised by today's pps. I suspect a run up in the near future. Can't say if December warrents are going to make it but one can still hope ....if they have an ace up their slave ....nows the time ....those warrents mean a lot of money and they must be scrambling
Fantastic news. I was worried about it. Light at the end of the tunnel ....and it's not a train.
Fantastic news. I was worried about it. Light at the end of the tunnel ....and it's not a train.
Well .... thats a good point Honey ... but here's the rub.
But, wait .. before I get into that ... as a side note we all have to remember that sh*t happens and delays are inevitable.
To deal with that, when I was in business and had deadlines, I always created an artifical deadline with ALL my suppliers and contracters by about 4 to 5 weeks ahead of my real date. That way I could start applying the pressure weeks before the artifical date to be certain everything was done by the real date. Hope that made sense. It worked like a charm and I was always on time. Never did I open late because of some moron contractor.
Moral of the story is Titan is contracting out pretty much everything and they certainly should be applying the same strategy.
So ... yes ... management has the ultimate resposibility to take ownership of any and all failures. That said ... at this point in time I would also have to consider blaming Ximedica. Could they not be meeting their deadlines ? Is it possible that new players directly involved with the company have competing product lines and their is a conflict of interest ?
One year has gone by ... and the engineering units were to be completed. And ... how can an inhuman unit be finished before engineering verification is done ? Remember what engineering verification means in its entirety. You can't build in human units until the above mentioned is complete. So ... this delay could mean much much longer delays down the road. We could now be looking at 2018.
Our window of opportunity to beat others to market is closing fast. In conjunction with the fact it's neccesary to continually raise funds ... how do you complete with other companys that have very very deep pockets. Considering where we are at ... it's my opinion we are almost 2 years behind now. So called experts should have been aware of the need for additional indications 3 or 4 years ago ... not at the eleventh hour. These are educated people and expeienced in this field. I think they are just continuing to buy time and are failing miserably on their milestones. Remember in the summer we were "ahead of schedule". And now we are not again. You can promise whatever you want in the future. The fact now remains they've missed their last 2 milestones and have been over promising and under delivering.
Thats ... why the market is very .. very unhappy.
I'm like the rest of you ... and keep hoping something will get better ... but despite what some are saying ... fundimentals HAVE changed. They are NOT meeting their time lines ... we didn't set the milestones .. THEY did.
THATS what has to change. The silence is bad enough. But then coming up short is something we are all far to familiar with.
It's what you DO .. not what you SAY. All the good intentions in the world will still not get it done. ACTIONS are all that matter.
All the "other" good things they are getting done ... training, distribution, etc etc ... would mean so MUCH more ... if they did what they said they were going to do.
This is like watching "Girls Gone Wild" ... LMAO !!
Is Adrock driving the bus ?
LMAO!!
I knew this was coming and got in anyway. The rub was that in case they didn't mess it up I didn't want to get caught buying at 2 bucks. I was hoping this wouldn't happen but was prepared if it did. Disappointed, yes.
That all said I'm certain enough that by this time next year this will all be a faded memory and much larger investment accounts. And a great story to be told in vegas ....while someone yells cheers !!
Nope .....it's been Q4. Nothing has changed. Q3 is the human trials which is very exciting.
I don't see any investors lining up and we haven't even raised the 10 mill for this one. Screeching halt is what comes to mind ...this is where Bertner was supposed to come in. What up
Good stuff ...thank you Invest. ...because of my hours I'm basically 12 hours behind and wouldn't be able to diseminate until 2 am. Appreciated
Is it possible they took down the investor presentation to "hide" the evidence or now that the financials and MDA is coming up it would be fraudulant to leave them up considering that they haven't met their ( promises ) milestones even though in the summer they were touting they were a head of schedule ?
One would assume if you were updating for a positive reason, you'd immediately replace them with the good news story ?
It's classic basic human behavior to avoid having to fess up
(specially if you haven't developed from a childs paradigm) and they are demonstrating such characteristics.
You can put lipstick on a pig, but it's still a pig. It's quiet possible for a CEO to be surround by so much bureaucracy that you never really have to answer to the little people for how bad you are. Except for a lucky few, most of us face that at our jobs. A CEO from that kind of dynamic just isn't qualified to deal with the rapid changes in a smaller developing company and effectively communicate the outcomes whether positive or negative. He may just sit there in silence with out the skill set to deal with such.
Things that people "do" ...say much more than the words they speak. This isn't looking very good.
Just a thought.
Thats a pretty good assesment Invest. At least its based in whats been published and it's an educated guess. Thanks for the break down.
I nominate invest for CEO. He's doing better than Hargrove.
Maybe Hargrove could take a weekend and complete a toast masters course .... or maybe a short media training program like anyone that is going to have to speak publicly would do ? And ... makes the kind of money that he does. Then next time doesn't have to embarrass us and hide behind his desk. Now ... updates ... they can be written in pen and put out on a newswire / Sedar. So .... ya ..... how about that cone of silence ...
Communicating clearly and openly on a regular basis keeps all invovled in the know, no suprises .... even for potential future investors. So .... maybe he's just really bad at his job. Or, delegating it to someone capable.
If they come up with their 11 robots .... I'll shut up for two quarters. As of right now .... they still haven't earned any trust.