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When you say lower, do you mean significantly lower like TRXC dropping from $14/share to around $4?
So SV Lifesciences is significantly reducing their position in TRXC
They will probably need more money and hopefully they would get it thru the warrants. I just hope they don't do what TRXC does and just slide it in their quarterly report like they are trying to hide something. It all depends on the end game that Titan has. IMO, they are in this to get the buyout so they would only need the money to get to that X milestone. Whereas, if they are trying to develop, commercialize, manufacture, service, etc (like a TRXC), well we see it with TRXC, they are no where near ready to handle all that comes with selling and servicing a product. TRXC will have to raise hundreds of millions more just to handle the beginning stages of commercialization.
It's true yet we know someone will come on here and say "LOL, LMAO considering your company doesn't even hold a conference call"
I don't think so
I already like EVC, it took them two days to get the Shorters out and showing their hand. WOW! I am looking forward to them continuing to tighten the screws on them. Shorts have had a field day over the last several months but based on EVC's credentials, shorts will get the short end of the stick going forward.
One thing I know for 100% certainty is that Johnny Penistock doesn't know as much about robotic surgery or this market as most of the longs on this board.
It shows me that they burned through their last offering very quickly (according to TRXC's last release) and are in dire need for cash since they announce another $50M in securities offering. They have no sales force, no infrastructure, no service teams, etc and they expect to start selling their systems - no way. They might need another $100M on top of this just to be able to support any commercialization efforts.
Yesterday TRXC filed with the SEC to seek an additional $50M in offered securitities - that could really hurt the stock if their is a delay in FDA approval for Surgibot since it will dilute again since they stated in their last announcement:
"In the company's recently filed 10-K SEC report, management and auditors conceded that point when they included language concerning TransEnterix's ability to continue as a going concern unless its financial position improves."
And? Are you suggesting that he would order Ximedica to sabotage SPORT? Or in any way tell them not to do the job they were hired for? I can't believe you would suggest that. Please clarify what you meant b/c it sounds like you are suggesting that he would want bury SPORT bc he owns part of Ximedica for TRXC's benefit.
Also, ximedica will have it thru the regulatory process in 1/3 the time. It's not like Titan is trying to navigate then regulatory process themselves like that company TRXC. Good chance TRXC could get push backed if they don't have all the proper documentation and filings for their product. Ximedica is one of the world's only companies that deals w the fda and international regulatory agencies on a DAILY BASIS! Yea, I feel really good about Titan navigating the CE and FDA process.
6+ months, 4 year lags after CE Mark, maybe for some companies but not Titan/ximedica. IMO - they announce CE Mark approval in Q2
Don't need clinical trials for CE Mark. Also, don't expect Titan to wait 4 years after CE Mark to sell like Alfie. Oh wait, alf still hasn't sold yet.
I take this as meaning they have a frozen design! That is fantastic news. It's nice to see the new firm get control of the shorts.
For those who are long on Titan, you might have seen this. I've been a believer in Titan SPORT for about 2 years. I got into the stock b/c i knew the surgical robotic market was growing exponentially and that competition was coming (market was begging for it). The key for me is having that idea or platform and being able to develop it into a commercially available medical device product. There is also a huge difference b/t being a startup and trying to develop the product on your own and contracting the best to do it for you. When I saw this video (about a year or so ago), that is when I really believed that Titan SPORT was going to be the real deal. Its a long video but for all longs, I encourage you to watch it and think about Titan SPORT development as he is speaking. We have the BEST in the WORLD developing this product, they understand regulatory better than anyone, they develop from end user perspective first and they work with every VC arm of every major medical device company.
Here is one of them:
it's short so I would suggest watching the whole thing but he references it at the 2:44 mark
http://www.ximedica.com/index.php/about/detail/bill-evans-ces-digital-health-summit-2016
Ximedica/bridge design
I've gotten confirmation this week they will be at AORN.
I don't know why u r trying to manipulate it but I'm sure u have ur reasons, just pointing out to investors that you have taken both sides of the AORN conference. 2 weeks ago u confirmed they were displaying and within the last week u say they aren't.
As for value, I posted just a couple of days ago about 2 high level personnel from ximedica and bridge both reference their collaboration w a BIG tech company and a Fortune 20 company based out of Cincinnati.
Pointing out ur inconsistency is something for the board
Can you explain your post 32622? I've copied it below:
FYI it's been confirmed that SPORT will be on Display at SAGES and AORN. I myself have been given that confirmation
Spot on iitf
This is old, you are about 2 weeks late on this
probably when our stock chart looks like this and an inferior product offering:
https://finance.yahoo.com/echarts?s=TRXC+Interactive#{"range":"2y","allowChartStacking":true}
Good thing Ximedica is making the kool aid. Based on videos ximedica/bridge design are working with both a BIG Tech company and a fortune 20 company out of Cincinnati
I think Sages for most of us is a confirmation that we've made the right investment. The PPS might not skyrocket right after SAGES but being familar with Medical Device, SAGES will tell me if I invested right.
Baloney
IITF, thanks for contacting mgmt and verifying that SPORT will be at AORN, guess we can put that to rest.
Also, saw on Titan's Website that they plan to EXHIBIT at AORN as well.
http://dictionary.reference.com/browse/exhibit?s=t
so alfx couldn't sell for 4 years but TRXC will magically make a sale happen in a few short weeks - laughable. Stand by my predication - one SPORT sold before one surginut.
So TRXC is supposed to get FDA approval in 4 weeks, let's see what happens in 4 weeks. They were supposed to get FDA approval in 2015 and that got delayed, I guess if they don't get approval in 4 weeks, there will be another delay. I didn't even see TRXC get a PMA which is prior to FDA - isn't that something you need to verify that the product works (safety and efficacy). LTG, when did they get their PMA?
http://transenterix.iapplicants.com/ViewJob-710425.html
This job has been open for months? do they not have a person on board during this critical time of the regulatory process?
what is going to happen to TRXC stock if they don't get approval for Surgibot? weren't they supposed to get approval for Surgibot in 2015? is it pushed back? haven't they been looking to hire a regulatory Specialist for 4 months? Since that person is responsible for getting it thru regulatory and it isn't filled, how is that process moving forward?
One possibility that hasn't been mentioned is that Titan could work with a select group of distributors in the US to sell SPORT - could sign some distribution agreements which would provide a sales channel without the cost/expense of developing an internal sales organization.
They are unveiling SPORT at Sages
You are wrong, I didn't say anything about financing. Please show me my reference to financing.
I am just making a counterpoint to someone who portrays comments made on Linkedin as fact or expertise when they aren't. I got the impression that it was a retail investor angry that their investment has gone down, certainly not an expert opinion on Titan.
I checked them out and the person that questions mgmt decision has been running his current company for 5 years and still has no product to show for it. It also looks like his previous 2 companies still have no product to show for their works, "Still in development stage" and one of those companies goes back to 2000. nothing from his experience gives me any confidence that he knows what Titan Mgmt is doing. looks like a retail investor in Titan and has limited knowledge of Titan and what the opportunity is for Robotic Surgery - no experience in Robotics. Also, people have made fun of Titan's Website, his company has been in business from almost 5 years, check out that website, I think its the same one as when the internet started up.
Do you know the difference bt resident, fellow, attending, chief etc, etc?
You do know that fowler was a fellow like 30 years ago, right?
Fellows have no say in anything that is purchased at hospitals
Any chance they surprise us with CE Mark prior to SAGES?
I think one of these guys might be my barber.
Something shady about having 2 LinkedIn accts or just lazy. I believe it has been this way for almost 2 years.