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Sport19, do u think robotic surgery is a fad or the future?
Honeycomb777, do you think robotic surgery is a fad or the future?
Everyone gets that you believe the vicarious is the GOLD STANDARD for next generation surgical robotic platform
What Medtronic is willing to pay! U said it and it will be billions and billions!
Per Murtha, go big or go home.
https://www.therobotreport.com/martha-ceo-medtronic-outlines-surgical-robotics-leadership-plans/
Imagine if Medtronic makes a lowball offer like some have said for $1.5-2B. That comes out and has to be voted on (fact). Medtronic wants to rival ISRG, NO WAY ON GOD’s Green earth is ISRG just going to let Medtronic have all that IP, the ENOS platform, the world call R&D team cranking out patents for $2B and let Medtronic walk in and take most of their business they have worked 20 years for. What that means is that ISRG will make a counteroffer to prevent Medtronic from owing Titan. Round and round we go, back and forth, back and forth.
DOES ANYONE OTHER THEN THE USUALS THINK THAT MEDTRONIC WILL LET THAT HAPPEN? All it will due is cause delays, lawsuits - NO WAY!
Medtronic will make an offer that no one can match!
Have fun trying to get it to $1.20 bt now and September.
Keep your money in “your”
Gold standard surgical robotic platforms TRXC and VICARIOUS, I’m positive that won’t work out for you but hey u believe vicarious and Trixie are the gold standard so feel free to keep putting ur money into it.
So now u r saying that vicarious is the next best thing. I have a gold Rolex I can sell u for 25cents.
You choose Becton Dickinson
I choose Medtronic
You chose Lehman bros and bear Stearns knowledge base
I choose my knowledge base (every day of the week and twice on Tuesday).
It’s publicly traded company.
20% equity stake needs to be publicly declared and voted on. They don’t want it to be public right now but what entities was bloom Burton buying the private offerings for? Hhhhmmmmm
Titan owns them too and all technology passes thru to acquirer. Do u really think Medtronic will allow ISRG to co own their technology? Come on, can’t be that naive
Loan has to be paid back before anyone would make a significant run at Titan. They have absolutely been approached. 100% from my end, I believe that. The loan was the handshake agreement, IMO.
I am an adult talking to a child trying to explain stuff to you.
Yes, when I consider if no one else would be interested if Medtronic walks, I always come to the same conclusion - someone WILL ABSOLUTELY BE INTERESTED and that is why Medtronic won’t let Titan walk.
Do u really believe that Medtronic will allow ISRG have control over IP they put in their Hugo system? REALLY, NO CHANCE.
Has to be hard for some to understand the pace that Titan is developing patents and fortifying their IP in the surgical robotic space. Considering they out out 4 the last 2 weeks. Compare that to vicarious that has 4 over 8 years AND THEY ARE VALUED at $1.1B. So if they have 4 patents valued at $1.1B then Titans 170 patents is worth 30x that.
$5B for Titan is a steal! Not only do they have the 170 patents, they have a single port platform and world class R&D team. Compare Titans R&D team with their 170 patents to Vicarious R&D team that has cranked out 4.
Please show where Medtronic licensed 60 of Titans patents. That is inaccurate. They licensed about 15 patents. Titan has over 170. Compare to vicarious that has 4 patents for their Software science project. Apparently Melinda gates divorced bill bc of his idiotic investment in vicarious. She said it was the dumbest, stupidest most idiotic thing he’s ever done. And that guy hung out w Jeff Epstein.
Some facts to consider, Medtronic is licensing tech and IP (they did not buy the IP and do not own it). Any IP developed during this agreement is CO-OWNED by Titan and Medtronic. There is no way that Medtronic will walk away and allow another entity to come in and acquire Titan and all their IP and then hold that over Medtronic's head. There is no way Medtronic will allow another entity to have control of IP that is being utilized in their platform and allow that entity to employ that tech and IP in their own system. Completely Illogical. Also, the acquirer of Titan can rip up any old agreement and then completely screw Medtronic - again, completely ILLOGICAL.
As for the argument that it doesn't matter they already have it in their system so they don't need Titan, doesn't hold water b/c if they want to compete in the space, they can't let any other big Medtech (esp JNJ or ISRG) to acquire all the IP of Titan and just integrate the game changing IP into their own system which would then render Medtronic's IP and system advantages useless b/c they would have the same IP and advantages. I will say this, if Geoff Murtha ends up letting Titan walk and it is scooped up by another major competitor in that space or worse let the 800 lb gorilla ISRG buy it, it might very well cost him his job. CEO's that make a blunder like that will not last long and Murtha seems to be a guy who is buttoned up and thinking long term. Remember that Murtha says that the future of Medtronic and their #1 priority is Surgical Robotics.
There is a reason ISRG is as dominant as they have been is b/c they have IP and no one was able to crack thru it until the IP started expiring. Imagine if ISRG didn't lock down their IP, they would not have become the giant in surgical robotics that they have become. All that points to the importance of anyone getting into this space to lock down IP - Medtronic will/should do the same.
Let's breakdown the theory of disengagement (Milestone 4 is completed and Medtronic walks away):
Some facts to consider, Medtronic is licensing tech and IP (they did not buy the IP and do not own it). Any IP developed during this agreement is CO-OWNED by Titan and Medtronic. There is no way that Medtronic will walk away and allow another entity to come in and acquire Titan and all their IP and then hold that over Medtronic's head. There is no way Medtronic will allow another entity to have control of IP that is being utilized in their platform and allow that entity to employ that tech and IP in their own system. Completely Illogical. Also, the acquirer of Titan can rip up any old agreement and then completely screw Medtronic - again, completely ILLOGICAL.
As for the argument that it doesn't matter they already have it in their system so they don't need Titan, doesn't hold water b/c if they want to compete in the space, they can't let any other big Medtech (esp JNJ or ISRG) to acquire all the IP of Titan and just integrate the game changing IP into their own system which would then render Medtronic's IP and system advantages useless b/c they would have the same IP and advantages. I will say this, if Geoff Murtha ends up letting Titan walk and it is scooped up by another major competitor in that space or worse let the 800 lb gorilla ISRG buy it, it might very well cost him his job. CEO's that make a blunder like that will not last long and Murtha seems to be a guy who is buttoned up and thinking long term. Remember that Murtha says that the future of Medtronic and their #1 priority is Surgical Robotics.
There is a reason ISRG is as dominant as they have been is b/c they have IP and no one was able to crack thru it until the IP started expiring. Imagine if ISRG didn't lock down their IP, they would not have become the giant in surgical robotics that they have become. All that points to the importance of anyone getting into this space to lock down IP - Medtronic will/should do the same.
received confirmation that Medtronic is utilizing Titan Camera IP
Apparently this will stay at $1.70ish with some creeping up thru Sept - $1.20 is a shorters pipe dream, they basically have been neutered and are ineffective at driving this down so what does that say. Well, waiting to be a buyer at $1.50 probably not going to happen and this surely won't be driven down to $1.20(if they could have made it happened, it would have happened). It means that we won't have to worry about a lot of downside volatility in the PPS bt now and Sept. I will be adding on the dips into the $1.60s and expect these adds to be 3-4x current pps by October ($4-6).
As for any new investors, they aren't concerned with what happened in the past so they will hold their shares, not expecting them to unload so that eliminates downside volatility. Long term shareholders aren't unloading shares, again no downside volatility so it is most likely that this $1.70ish base will hold thru the summer. I do expect it to start moving up later July, early August into the $2 range and touch $3 in Sept until completion of Milestone 4 which will then push it to the $4-6 range in October.
my post is not designed to say we will get a 4.5x increase, I am saying that we will see pps appreciation after the Regulatory/Commercialization agreement. Titan's platform will address a much larger market then Mazor.
BUT if you want to apply the 4.5x increase (which is just for fun and really not applicable) then upon completion of Milestone 4, Titan PPS will be trading in the range of $5-8 share by October, then an agreement is put in place, the PPS would immediately jump to $16-18 and over the life of the agreement, a 4.5x final buyout would be $72-81 pps
How in the world could anyone say that Medtronic is not utilizing camera technology from Titan - its laid out right there - anyone saying they don't is spewing fake news
Well this just proves that Medtronic is licensing the camera tech from Titan- only the clueless would say otherwise
"ENOS is utilizing IREP" - LOL - ok IREP19
I believe after Milestone 4, that Medtronic and Titan will enter into a regulatory and commercial agreement that will end sometime in FY22 with the BO. During that time, we will see significant PPS appreciation. To put it in perspective, Mazor PPS was @ $12 right before they signed agreement with Medtronic- that agreement lasted b/t 16-18 months at which point Medtronic bought them out. The Mazor PPS went from $12 to a high around $68 per share with the ultimate BO at $56 per share in just over 1 year.
Titan is developing an endoluminal prototype w Titan IP in it.
Reminder for anyone not paying attention: in order for anyone to compete w ISRG they will need multi port, single port and endoluminal. So what does Medtronic have, they have a multi port system called Hugo, they will need an endoluminal system (we will call this milestone 4 prototype) and they will need a single port system (Enos)
Auris (endoluminal - one indication) went for $5.7B. The software science project vicarious w NO PATENT PROTECTION is a POS knock off single port system valued at $1.1B (btw it’s single indication is hernias). ISRG SP - single indication - has added over $8B in MC to ISRG.
IT is very easy to get to a multi billion dollar valuation w Titan considering they will deliver an endoluminal prototype w Titan IP, they have a next generation surgical robotic single port system, their IP will enhance second generation HUGO SYSTEM, they have a world class R&D team and one of the best IP portfolios in the surgical robotic space.
Only idiots, criminals and unethical people would believe inmate 897645, I mean Marty bernholtz
He is a criminal
$1.20 - Weeeeellllllll…. We’re waiting!
He’s tied to Martin bernholtz, the guy busted for illegal insider trading.
They had their chance and Medtronic told them no way they would work w them! Can’t be successful in this space wo patent protection and no one is better at IP then Jasminder brar and Titan medical.
Wow! Experts don’t speak about vicarious and Trixie like that. It’s evident why Medtronic partnered w Titan and so no thank u to companies like vicarious and Trixie.
Titan has a world class R&D team, over 170 patents and a single port robotic system. No wonder why Medtronic chose Titan after getting a peak behind vicarious and Trixie and all the others.
$1.20? Weeeeeellllll…we’re waiting!
That is not what IREP19 says, he says that ENOS is using IREP, platform imaging for the camera and livedata for software…..oh, I see what u did, just typing it out makes me realize that if anyone still believes this then they are out to lunch and have no clue about the surgical robotic space
Don’t forget your favorite
https://sec.report/otc/financial-report/79986
you still waiting to get a clue, that makes sense
first, you are clueless about this whole space but the answer to your question is that after Milestone 4, there will be a regulatory and commercial agreement put in place (Not an immediate BO) and the PPS will appreciate. Once the next agreement is put in place, the PPS will rise to $15-20 very quickly and then PPS will continue to rise - hence the $35-70 PPS.
Real simple if you actually have an understanding of the surgical robotic space.
Better chance to get to $70 then $1.20
Weeeeelllll.....we're waiting
Some PRECISE MATH:
The following table summarizes the outstanding share capital as of March 31, 2021:
Common Shares 109,527,690
Stock options 4,685,021
Restricted share units 1,527,860
Derivative warrant units 19,592,392
Equity warrants 9,912,633
Source: Last MD&A filing
So add these up and subtract those $22.50 CDN and $18 CDN outstanding warrant Tranches. (assuming those will be out of the money / expire worthless)
Here is what the BO price tag would be:
143,075,000 x $35 EQUALS $5 BILLION
143,075,000 x $70 EQUALS $10 BILLION
ISRG has a $95B MC
CMR was just valued at $3B with a dime a dozen multi-port system
Vicarious was valued at $1.1B with 4 patents
$1.20 - Weeeeeelllllll.......we're waiting!
he also believes the camera is Platform Imaging and they are using IREP as the foundation for the entire ENOS platform
Weeeeeelllllll……….. we’re waiting!!!!!
Uh-oh!