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It could be that SPORT is done from a development perspective and the next step is to complete all the regulatory requirements. This will be a time consuming process and it needs someone who is very familiar (and an expert) with the process. Fowler could have decided that he has done all he can do and doesn't want to commit the time and energy over the next 12 months to the regulatory process. He would rather work with his peers, give talks on robotic surgery and advanced the practice of robotic surgery then be holed up in a cubicle for 12 months dotting every i and crossing every T.
The PR did mention that they are initiating a search for someone, if that person is announced sooner (within 2-3 weeks) rather than later - that will provide info to help clear up the picture. If they go 2-3 months in hiring, then this was not planned.
Fowler isn't a money guy (even though he will make plenty from his platform imaging component that is incorporated into Titan), he's a teacher and probably wants the freedom to pursue that aspect at this juncture in his career. Let's face it, the opportunities and advancements of robotic surgery over the next 5-10 years will be incredible - by moving into a Consultant role, Fowler gives himself the freedom to pick and choose what he wants to do in the twilight of his career.
Here's one that was posted under Titan:
J. Todd Derbin - Losers...get out of the stock. No leadership and no direction. Another round of dilutive financing, boys?
Here's one that was posted under Titan:
J. Todd Derbin - Losers...get out of the stock. No leadership and no direction. Another round of dilutive financing, boys?
What smart business person just gives a company away for nothing?
Your opinion, which is inaccurate imo, like a bride left at the altar. Would you have a problem if Titan was bought out by JnJ, sorta like a company say Micrus Endovascular? I am sure if JnJ bought us out, every investor would be very happy with that.
No offense but you are shortsighted on this one, obviously you are clouded by your anger and indignation towards mgmt (for whatever reason and that is fine - your money and your investment), i just view it different - it won't be bought out for $1 - you even know that.
it won't be bought out right away so a buyout at triple the current PPS isn't going to happen (if it does, then I screwed up on my end and invested wrong). This will go the route of partnership (think Medtronic/Mazor), PPS will rise along the way with a financial equity buyout at the end (which I am hoping in a $10+/share).
It is the only reason I invested, this market is too lucrative to pass up on - if it sells out at $1.50 - it sucks b/c I won't make money and my research on this stock was wrong (I won't lose money either though; unlike TRXC investors who lost a boatload since it was $14/share at one point). I invested and "banking" on them partnering and this being over $10/share at the end. Thats a big win for me and hopefully most on this board.
Having been on this board for awhile, I've grown accustomed to the pumpers, dumpers and manipulators and am familiar with their tactics. It doesn't affect me and as I said, my research led me to invest b/c i believe the outcome above (which makes it a billion + endeavor).
So to your point, I just don't agree. I think this tidbit of information is another piece of the puzzle for me that continues to shore up the puzzle. The options in itself isn't' telling but combine it with everything else I've uncovered, it is.
Are you kidding me? Can this be verified? If so, that is fascinating
I think it goes up quick on Monday and I have a hunch some on this board know it but are trying to keep it down so they can buy back in. This info has caught them off guard, otherwise they would have bought in on Friday. The interesting thing is that mgmt might give them one last gift and not get any PR out but I'm hoping that's not the case. I'm hoping partnership news hits the wire at 7am Monday with Titan opening at $1 plus.
What would be great is an announcement before the open on Monday, stock shoots up, investors who got out can't get back in and the shorts get squeezed big time. I'd love to know the short position as of Friday, I wonder if it has gone up quite a bit over the last 2-3 weeks.
They aren't dipshits if this sells for $10+ a share or they partner with a JnJ.
Something is going on, not exactly sure yet but imo it could be pointing to a partnership announcement
No one has seen jnj robot, no one has said that and if the did, they would be caught lying.
Completely wrong, jnj did roughly $6b in device sales last quarter, by adding robotic surgery, they could do $3b a quarter in sales just in that arena (within 5-7) years.
in it until the partnership and adding big as we go along. I'll be adding a big chunk at $.70 since there apparently a lot of sellers at that price point.
He'll be gone after the partnership gets done. Can't u see it?
$14/share
for those getting out, i wanted to thank you for your shares, i appreciate it.
Also, didn't fowler mention Titan's ability especially in low anterior resection at the AGM. I'm almost 100% positive he said something to that very, very specific procedure - also interesting that Gary Pruden would reference that very specific procedure.
Look at TRXC and how their mgmt falsely floated jnj rumor, stock ran up and then when people realized that it was false, the stock plummeted. (of course TRXC also had no idea what the FDA wanted and also falsely pumped Surgibot approval - which when it was rejected, again caused the PPS to plummet -- i believe it was at $14/share at one point).
So I don't think this will get out until it is buttoned up.
Gary Pruden of JnJ has stated that they will show their robot in December - which means that all the partnership details will be completed and sown up by say Sept - interesting timing.
Yes, we should take the same approach to the fda that TRXC took and completely screw ourselves.
It's interesting how silent verb and jnj are about their venture into robotic surgery, if they say anything it is very cryptic.
Verb - silent
Jnj - silent
Titan - silent
It's not worth it, amazing the lack of understanding of IP value or bankruptcy of this investment. Those seem to be information you would have done due diligence on before even investing $1 in this company. I'm almost as shocked at that as I am mgmt financial crunch situation.
This doesn't even take into account value applied to intellectual property. Titans IP has a value north of $500m.
it depends
I think its worth minimum $5.75
Actually. Think the IP VALUE is much, much higher then $1.75 and so does 75% of those on this board.
How do you value IP? Magic 8 ball, picking out of hat, short straw.....
http://www.ipwatchdog.com/2015/02/11/alternate-approaches-to-the-valuation-of-intellectual-property/id=54651/
saying their is no value in IP is completely contrary to what experts say about IP (and completely wrong, surprised any smart investor would not look at IP and it's value especially if you are investing in a company like Titan) - there are numerous methodologies to valuing IP -
"Increasingly, investors, stock market brokers and financial advisors are becoming aware of this reality and have begun to value IP assets highly. Enterprises worldwide are also more and more acknowledging the value of their IP assets, and, on occasions, have included them in their balance sheets. Many enterprises, including SMEs, have begun to undertake regular technology and IP audits. In a number of cases, enterprises have realized that their IP assets are in fact worth more than their physical assets. This is often the case for companies operating in knowledge-intensive and highly innovative sectors, or companies with a well-known brand name"
https://hbr.org/2000/01/discovering-new-value-in-intellectual-property
Note for investors: don't let anyone convince you that IP is worth nothing - it has tremendous value in any company and should be taken into account in your analysis (remember that any IP owned by a company has traditionally never been accounted for on the books but it has value in the market when it is being sold and that value is determined by what some company will pay for it) - the question here is what value will an acquiring company put on Titan's IP.
Since no one knows for sure, everything is possible.
That's in line with a lot of investors who have put in the time and dd on this stock and understand the surgical robotic marketplace over the next 5-10 years. The potential is beyond even the most optimistic investors on this board. The nice thing for longs, it is easy to see that there will be shares easily bought on the way up. I'm of the opinion that at design freeze, the big partner will jump in. The thing for investors is that we won't know about the design freeze til after the partnership is announced. I'm not willing to take the chance to be left out in the cold w little to no shares bc of pumpers and dumpers.
They have 6 completed sports that we know have been used in 6 different procedure types, we know dr Larsen at mayo has used it. I believe that based on those extensive cadaver studies that they are confident they have design freeze (at least they don't feel like they have to make major changes - the last issue was adjusting the foot pedals). If they feel that way then no need for the financing from China. They can just focus on the last parts of the 510k submittal process, complete all that documentation so the acquiring partner knows thats completed.
Plan B - get to design freeze quicker than they anticipated.
Plan B - they know they have design freeze ahead of schedule. For those getting in, there are a lot of weak knee sellers at 70 cents.
shortsighted
Just pointing out to those that think people can only get things done by working in the same room that nowadays that is not the case. We have things called Internet and email and webmeetings and phone and......
Another example, auris surgicals mgmt team is located in different locations. Heck even TRXC had mgmt working in different locations.
Most of the verb executives work in different locales.
It's a reminder to us that our investment in Titan is much better than an investment in TRXC. after all they were at $14/share. Think about this, we were told TRXC mgmt has met 3 times w fda (after they were denied) and still don't have a predicate device to get approval for their widget. It's a reminder that working with experts to build a robot is better than jimmy-rigging one in your garage. It's a reminder that Titan doesn't have 20+ law firms filing lawsuits against them.
We will find out but let me help - partnership.
TRXC once was at $14/share, now trading at $1.30. They have laid off almost 100 people, they have close to a quarter of a billion dollars of debt. In 6 quarters (1.5 years) they will sell another ALF. They have shelved surgicrap (per TRXC mgmt) to focus on ALF.
I've said it before and I will say it again, we will see one Sport sold before one Surgibot.
it could but it could also be talking about Titan - especially the part about custom visualization (platform imaging and the titan patent that was posted regarding the remote camera)
new job posting by Verb today - sure sounds like they envision Titan Sport as a conduit for their digital surgery platform