Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It would not make sense to me and lower my confidence in management. They need all the cash they have. Buybacks are for companies who have too much cash and are afraid to invest it.
Is this article confirmed or rumored to be about TITXF? Or is it non-specific?
All the way down to 2$ for TRXC would be my prediction. By then, the ABCD down on the monthly charts should be about finished.
Yep, great bounce and price action today, and I especially like the buyers coming out of the woodwork end of day, and the short traders scrambling. Makes me hopefully about tomorrow to see some carry-through, but nothing taken for granted here. How it will behave the next few days will tell us a lot to where we go next, and we're not out of the woods yet. But today was sweet and just what the doctor ordered for my nerves. That and some wine I am drinking now!
Agree on the market share. All that matters is developing a good project. On the timeline, I do not expect we have to wait as long as some fear to see a significant rise in pps, for some of the reasons mentioned (conservative timeline), but we should see pps go up over the next year already if all is on track. It did not in the past few months, and we now know why. But we did have this huge push last novemeber in anticpation, which in terms of the new timeline corresponds to about february/march next year. So if they do come out with some news on the product by that time, then I think it is not that far off to speculate that we could take off in a much bigger way than what happened late 2013/early 2014 this year.
Looks like we have a nice uptrend in development intraday, or at least, sellers seem to have dried up for now. Have a good day all.
Yep, it's a start. Traders know they already got the easy money from the retail long term investors that folded. Now, they'll go after each other, and threading a little bit more carefully hopefully (i.e. less volatility). We need a few calm days to set a bottom, but I'm prepared for it not being over yet.
No argument there. It's rough.
Same feeling here, as far as it being more short-lived than people think. Maybe not, and we'll stay here for a while, which is okay too if you believe in the fundamentals. I came here saying that when you invest in stocks like this you have to be willing to take the pain of a drop all the back to 1 dollar, and prepare yourself mentally for it. I did not think we would, but I did prepare myself.
And I have to say, I'm happy to see the names of posters whose posts I have liked the most since my short time here as a long term investor who is now underwater, but planning to stick with it. Many good years ahead I hope...
Salute, Daktari, CUIN...
Yes, there's a lot of money playing with this stock right now, instead of the long term investors. Look at the volume difference between the Canadian traded TMD.TO vs US market (TITXF) relative to previous volumes. I think that means a lot of traders (US), which makes volume a bad indicator to use right now for TITXF (otherwise a bad sign in that we will revisit these lows over the next months). Hope they get out of the way soon, and things calm down a bit, so we can settle into this bottom in peace, and build from there.
The bright side...this board will get a lot more peaceful with those bailing out in the last few days.
Long term investors remain. Still long and strong.
I don't think the comparison holds up, because the product was not scratched.
I agree. We all have dreams, and if this works out, some of us will be millionaires, and if it does not, we're back to square 1. That's the emotion, and it's good to be aware of it, because it leads to irrationality in both directions in terms of emotional selling and buying pressure.
So, best to go back to fundamentals as you say, and ask the question, do you believe in this company intellectually without any monetary investment at all?
Yes, there's something going on under the surface around there, which makes our troubles fairly light in comparison, from my gut...
Thanks. And to add, let's appreciate all those who provide concrete information and don't write in caps.
We'd all prefer taped conversations and literal quotes, but it's not feasible. Until then, let's work with what we got without accusations.
I have no reason to doubt it either, nor the other poster. Lots of things always get lost in translation, and it probably comes from different sources which adds another dimension of confusion.
So, for example, from your information, what does "very soon" mean? For some people that is months, for us it's likely less than a week. Was there any indication of what time table we're talking about?
I don't think it's fully understood, and even though I hope this is the case, it's still not entirely clear to me from reading the management report. But it is one of the reason why I think we could potentially get a quick turn-around and why we need more clarification from management.
And look at the bright side, you could have invested in TRXC february this year.
For all the fear that is going on, and the deep mistrust, which I think is valid in terms of miscommunication from management, I have not lost my confidence yet.
I went into this stock at around 2$, willing to take some pain ahead, and still confident in the fundamentals mainly due to the golden decision to go with Ximedica.
Good luck to all, whatever you decide..
This bothers me too. The timeline in comparison with the previous one.
I can get the more realistic timeline for FDA approval later on, but I can't entirely wrap my mind around what they are doing for next year.
It takes almost a year to build the prototype units after the design is completed early next year. Why so long? What is supposed to happen to the design in between? Is it just about the next generation console and advanced instruments and making that work with the feasibility prototype?
Bottom line, we need more information.
Did I sound upset? lol
Well,then you just don't watch it. I personally like to take in as much information as I can.
I asked LA Little from Technical Analysis Today to look at TITXF again given the action of last friday, and he addressed it last night.
He only looked at it technically. He will revisit it coming thursday most likely after reading through the fundamentals.
The latest is here at 22:50:
In the financial statement, they mention suppliers for the development and provision of items to be incorporated into the SPORT™ Surgical System. I think these are probably very minor aspects of the SPORT system as a whole, similar to patents such as these, but provided by an outside supplier rather than holding the license themselves.
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=9&f=G&l=50&co1=AND&d=PTXT&s1=%22titan+medical%22&OS=%22titan+medical%22&RS=%22titan+medical%22
Thanks.
Bye.
dude..i know it gets lonely at your forum without any interest from anyone, but unless you have anything to add...just read the posts for your "research on competition"...and go back to your cave..
Again, I can't disagree.
There are a number of problems, and it is exemplified by a comment of Hartgrove's comment to a recent show, "They begged me to come here".
That sounds good on the surface, but why do you need to be begged to in the first place? Isn't that part of the job and an exciting thing to do for your company?
Overall, I am confused by the high level of confidence of management, and at the same time complacency, which is currently mixed up in a way that is not transparent and leads to suspicion among investors.
It is reminiscent to me of the the old guy who owned the pharmacy store in the town I grew up in, which he reminds me of him at times. Perfect skin, but you just can't get any idea of what is underneath. It still confuses me.
I think that sums up about my doubts, in a nutshell. And I think everyone is feeling it.
Agree on every point.
It's a question that will look make almost anyone willing to answer it look like fools, but since I don't mind looking like one, willing to take make a wild prediction, I'd have to say, we're going upwards, and the thesis of going over the highs is still intact over the next few months. Take it or leave it, it means nothing.
So CJrich can stay here with us in Canada afterwards to keep an eye on things! Not my place, maybe somewhere near Titan's office!
That actually raises my confidence - those statements, with some honesty about being on track or not, and a sense of what they know what they are doing to the investors, not afraid to throw some pain around for the neurotic, quick-fix investor, but for the ultimate benefit of the longer term investor.
Too many in this board are stuck and still bruised in old news (last friday). Nothing comes of that. It's past. There's only the future.
I'm not an engineer, but I definitely get that impression, and if deep pockets like ISRG can't do it quick, then I am not that not worried about the delay in terms of competition, and certainly not TRXC. Is there even a start-up company around that targets and does what the SPORT is about? If ISRG can't do it quick, I like to think we're still way in the lead. And Ximedica seems to be very good at what they do with deep pockets behind them now.
No, the human TRIAL is end of 2016. Clinical use as in several case studies with humans is way before that, and that appears to be what ISRG is referring to as well in the term "clinical use". They would have called it a trial otherwise, which is something far more controlled and elaborate.
Yes, it's pretty close to their timeline as far as initiating clinical use. Not exactly clear from the timetable when Titan starts it (Q4 2015 seems to be it), but they expect to finish the case studies second quarter of 2016. Intuitive expects to start it latter half of 2015, so end of 2015.
I think it's a fair assessment. As to the extent investor's confidence is shaken, or whether the latest news is viewed as a potential positive, we will know the coming week in the market's reaction.
Perhaps we revisit the lows of friday again, or we climb back straight up in the upper range. I have no idea, but I will be very interested to see what will happen.
Yes, and really difficult to get clear information from management directly as well, except that they seem confident in what they have. There was the comment from Hartgrove to an investor about wanting "to let it bake" and how this would be much better in the long run, but who expected this.
I have said it earlier, but I say it again, I want to see a real product early 2015 as promised, and no more lab images or rendered images such as in the investor's presentation, which are from December 2013. You can actually see the path of the images when hovering over it with your mouse, which Randall forgot to get rid off. Apparently, it was called the "Medusa program" and may still be the code name.
Either way, I need to see something spiffy early 2015 and some information before that would help a lot too. That's really just the crux of my main doubts right now, and what it would take to restore confidence for me. All this stuff about Paige is just a sideshow, not going to the essence of the matter. We need a real product. The difference will be HUGE when they do, as that is what is stopping a lot of people from getting into this. Hanging in there till then.
P.S. one other question on my mind is whether this delayed timeline has anything to do with the expiry of ISRG patents.
Thanks OR. I appreciate the insights. Do you know why, while many ISRG reps are invested, there are no larger holdings by institutional investors in comparison to a TRXC. Is it the listing at the OTC?
It concerns me too. Despite this joker from TRXC that sometimes comes over here, we should pay a little bit more attention to the smart money (especially with friday's price action due to the many retail investors). It would considerably raise my confidence if they did invest more, especially LV Life Sciences.
On TRXC, that thing looks in pretty bad shape going down more, and I'd be interested to see the current numbers on how many institutional investors are still left in it.
A human trial before FDA submission is already part of the timeline, after the human case studies and CE submission.
Someone should put the new timelines and milestones up on this board along with comments.
In the Sedar filing it clearly says: "Prototype units enable validation of expanded use (not previously disclosed as discreet milestone) to be finished Q4 2015), following which human case studies are carried out to test these systems for expanded use.
If they would have to go back to the drawing board after that, that would be a major set-back, but otherwise, these units should be pretty much look like the final version. It is my understanding we see a real unit early next year (rather than a pretty rendered picture)
But if successful, the audit for CE approval should commence right after (Q2 2016) (I assume a actual human trial study is only related to the FDA approval (which is later) while clinical case studies are sufficient for the CE approval)