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You say they could have raised money,
I don’t think they could.
…..and now a pink sheet
They have zero chance of raising money.
Another big day for the flippers!
$24 traded today.
Winner, Winner chicken dinner.
I think MDT bought the patents outright so not to risk a bankruptcy court finding that the license they hold be considered an asset of Titans in a bankruptcy filling.
I’ve was a creditor to a party who filled for bankruptcy and these bankruptcy attorneys have tremendous power….
I think that makes more sense than having to PROVE to the FDA that they OWN the patents
Just my .15 cents
How many shares do you estimate were flipped today?
Asking for a friend
The “news” really moving the needle.
Lol
Shapiro’s work is likely a dead end IMO.
Nobody cares
Dry eye a dead end too apparently….
We still have lip balm to be hopeful for…
Just a decade away
Todays volume = 0
FDA needs proof that Medtronic OWNS the patents???? Plenty of products are developed with licensed technology.
Doesn’t really matter…Titan is going nowhere.
SP stand alone might have had a chance back when the price estimates where much much lower than multi port…I haven’t heard a price on enos in years but last I remember they were at $1.5m and climbing….
Might as well get a davinci….it’s been around for 25 years…..
Upfront payment because they need the money?
Let’s be clear….Titan announced that ISRG licensed the IP for an upfront payment of $7.5.
Period
Let’s not go down the rabbit hole again.
0 for 55
Fat boy slim really killing it here….
Proof you don’t need a fully functioning brain to run a company into the dirt.
JASMINDER IS GONE!!!!!!!
Buh-Bye
Yes she did! It’s all over….
55 companies and nobody wants Titan OR enos
They will not pursue development of the enos platform
Police and firefighters have nothing to do with Memorial Day. It’s for fallen soldiers, let’s keep it that way.
Ok?
Thanks
Smith sold us down the river!!!!
POS
Like I said…the patents were worth with less than the ones Medtronic licensed…and far below market cap.
This is enough to keep paying salaries….
Nowhere near close enough to get to the so called finish line..
So now all of those multi billion dollar patents are licensed out…and you can forget ISRG as a buyer as they now have what they wanted….
Nobody wants enos and let’s face it, how many times can they license the patents ISRG has?
Their revenue streams are drying up and without a HUGE raise they are going nowhere.
Wonder how much of that 7.5m is going out to creditors ?
Let’s remember this is a Canadian company…not a US company.
But here in the US the federal bankruptcy court can take your assets and sell them to pay creditors…
ask Willie Nelson
Can’t flip a stock with no volume…
Go back and read the PR…..
All those companies knew about the 3 armed bandit……
Zero interest.
No offers
It’s over
Exactly!
Too funny
Uh…ok
It’s comical to read posts that make it sound like Titan longs have a big pay day coming!!!
Are we seriously supposed to believe the patents that Medtronic DID NOT want are more valuable then the ones Medtronic paid $10m for??
You know, the patents that were the core technology of the platform. Snake arms, end effectors, instruments and camera systems.
And if you think that ANY of the scraps are valuable then why did at least 40 potential buyers/partners/suitors completely pass on Titan and it’s IP portfolio?
Not….a…..single…..proposal….
Now Titan is a pink sheet penny stock that can’t get their filings done, can’t raise money, can’t continue development and will likely not be in business in the near future….
EXCITING TIMES!!!
GIDDY UP
Did I say Chapter 11????
Honestly I wouldn’t worry about it….whatever happens will be bad for shareholders
The company isn’t worth anywhere near its market cap
Why the silence from the company?
Are they current with their fillings?
Has more research been canceled?
Are they close to bankruptcy?
Was dry eye a lie?
Lip balm?
The patent protects the IP from being used by competitors, the bankruptcy protects the IP as an asset.
With the position they put themselves in how can they possibly get a good offer?
They announced to the world nobody was interested in them! They also got delisted from the NASDAQ and are now officially an OTC pink sheet stock with ZERO chance of raising money to continue operations……oh and BTW they licensed the best of their IP to Medtronic with no future payments or royalties.
Let the bidding begin!!!!!
You might want to temper your enthusiasm for this Canadian pink sheet penny stock…every indication is this is heading the the wrong direction.
They don’t even have a CEO…..
If the IP is highly valuable then it makes PERFECT SENSE to file for bankruptcy to PROTECT THOSE ASSETS!
You dig?
I was responding to someone posting that Titan has no debt, therefore the implication is Titan would have no reason to file bankruptcy, a view that has been around this board for years.
To your point. If Titan can’t pay it’s bills you should expect the company to file bankruptcy at some point.
Bankruptcy is about protection from creditors. Which Titan undoubtedly have many……
Who doesn’t?
Why the silence from the company?
Are they current with their fillings?
Has more research been canceled?
Are they close to bankruptcy?
Was dry eye a lie?
Lip balm?
A rare Honeycomb sighting !
Why the silence from the company?
Are they current with their fillings?
Has more research been canceled?
Are they close to bankruptcy?
Was dry eye a lie?
Lip balm?
C’mon Ben
Please stop
The surgeon investors group tried to pump the stock….made public statements that turned out be BS….
In the end they got wiped out too…..
Only those who shorted Titan made money…..and boy did they make money!!!
Titan was offered up to at least 40 potential suitors…..not a single one had any interest in Titan….none….zero
Even if Titan found someone interested they are in such a weak position they will be taken to the cleaners.
I recommend selling at .25
If your lucky enough to get the opportunity..
Market cap $18m
Worldwide exclusive license for the core technology for enos $10m with no additional payments or royalties.
I don’t believe the scraps that Medtronic didn’t want would be valued anywhere near $18m.
You think Medtronic missed something?
Highly unlikely IMO…