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Every time people average down, it is a new investment. You can also average down by buying other stocks and never increase your investment in a given stock. When a stock goes down by some percentage, you can buy another stock of a different profile which has gone down by the similar percentage .
When you start buying a stock you can buy only couple of hundred dollars and not thousands. You can average down every few months and not proactively if you want to increase your exposure. You can reduce your exposure every so often too just the same.
TMDI stock profile like many was of a R&D type and those buying it should have increased their exposure very very slowly if they had faith in its future and reduce it too till it had a viable product as it does now.
Since yesterday TMDI longs have gained 10% more in marketcap or approximately $6 million dollars. The $3 million cost of capital has been already been paid for in one day and there is 50% profit on top of it for the shateholders.
By the same token, the shorts have lost 10% or 6 million dollars.
They are chocking with the antlers stuck in their throat. I hope that they get caught badly because their gig is really over for a long while.
Surely it was worth 3 million dollars, 5% market of market cap, to make them choke on the antlers or 30 million dollar in market cap.
Couple of them are shorting day-traders and will move to other pastures eventually after chocking a few times and the others who push propaganda to accumulate on the cheap and will eventually turn.
Who owns the market-cap? ---> the longs
When you wanted to collapse the stock so you can close your short or buy it at a dollar, you would have been stealing from longs.
The market cap that disappears is monies that longs own. It is theft if the collapse is orchestrated through manipulative tactics.
If you were just short, then there was nothing wrong with it but the whole psycho babble here was to target the long so some of you can steal from them as they dump so they can buy the stock cheap.
What a nonsense.
I think that you will cover at $10 and not before that because you are into miscalculating if you are still short and hoping.
Those of you who were long wannabees are too late to get the cheapest price possible at expense of the longs.
Those who wanted to steal 1/2 of the market cap of the stock or 30 million dollars from the longs, are caught with their pants down.
It is hilarious to see them complaining about 3 million dollar fee that the longs and the company have paid to free up the stock from the short parasites who were milking it.
My advise to you shorts is to 'not' cover and pay the price till you go bankrupt and hopefully you are that stupid to do so.
I don't think that there are many longs who are that stupid to let you buy the stock to cover.
Alright ............................
http://themetapicture.com/media/funny-Canada-moose-skiing.jpg
One for the good guys.
To Titan people:
Thanks.
Sterilization processes are under review by FDA and it is possible that new devices have to adhere to new processes and find new suppliers in short supply.
"In light of recent shutdowns of two contract sterilization facilities over environmental concerns, FDA said it is exploring ways to ensure sterilization processes are safe and effective and evolving with the current science."
"In the world of contract sterilization, selecting the most appropriate service provider can be a daunting task.
"Location, turnaround time, cost, chamber equivalency, process controls, and the supplier's regulatory compliance history are all factors that should come into play when choosing a contract sterilization vendor."
https://www.mddionline.com/fda-scrambles-prevent-shortages-wake-sterilization-shutdowns
Doctors with no other background than medicine can invent things but not complex robotic arms because it requires a lot of calculations and application of robotic engineering concepts.
This is the original grant that created the device and look at the names and references and they are all engineers that put it together
http://www.cs.columbia.edu/~allen/IREP/
If you look at the patents, he has searched the name and the doctor is listed among collaborators but he is not the sole inventor.
SYSTEMS, DEVICES, AND METHODS FOR PROVIDING INSERTABLE ROBOTIC SENSORY AND MANIPULATION PLATFORMS FOR SINGLE PORT SURGERY
Inventors: Nabil SIMAAN, Kai XU, Roger GOLDMAN, Peter ALLEN, Dennis FOWLER, Jienan DING
Look at the initial papers and it is and they are all members of IEEE ( aka engineers except Fowler) and look at the content and IREP KINEMATICS model and it is all formulas and calculations.
The names Dennis Fowler, Peter Allen, Andrew Miller are mentioned in the first patents in 2003. Both Allen and Miller are engineers.
2003 patent :Insertable device and system for minimal access procedure.
They have a good product and they have refined it alright in my opinion and that would not have happened randomly by some clueless people. Apposite to what people say here because of their grudge, the current CEO of Titan must be a guru and pretty smart guy.
They are using a contract engineering company in the loop because the device has been refined over time and that concept is working well.
How do you think NASA or CSA work. It is all specs and contractors. That is the American way. If it was done for NASA instead of Titan and built by say Boeing, they have sucked few billion dollars just to make the prototype!
They do need the marketing insiders that talk the American lingo to float this thing and that is the American way too.
I have run out of my post quota. It was fun exchanging posts with you. Thank you for that.
later.
P.S.
I just checked. Fowler has no degree in engineering. He is a doctor.
Doctors are not designing these instruments because they can't. Mechanical and robotics engineers do. He was the head so he has filed the patents I think.
Business people will make money out of this no matter what. Just watch.
I have worked with many engineers and I am one myself. I can tell you that Engineers focus on minute details and they are the ones that are afraid to release stuff and sit on it forever. Trying to detach an engineer from their baby is difficult.
Selling is ultra stupid at this point in my opinion because there is a working product that is not shitty.
Bright guy!
Hopefully he will profit from TMDI stock unlike many inventors that never profit from their own inventions.
Come on now, if they are just sourcing the stuff, it will take at least 3 years before they have a working product. That is a generation for technology products.
They can indeed try to reduce their risk of not having a robotic offering by working on a platform and purchasing another too as JnJ did.
Not that I know what their plans are; but the term designing is not equivalent to having a working product.
There is a lot of Vaporware that is being designed everywhere till you actually see working products.
I see so he was part of invention team, was he?
Non-compete clauses are not material in Canada in same manner as some states in USA. I believe that some US state have abolished much of the obligations as well.
"Supreme Court of Canada rules ambiguity fatal tonon-competition clause"
"As a general rule, restrictive covenants, such as non-competition clauses, are void because they interfere with an individual’s freedom to trade. However, the law also recognizes that parties have freedom to contract on the terms they choose. In attempting to balance these competing interests, Canadian courts have carved out an exception to the general rule: i.e. if the restrictive covenant is reasonable, in terms of its geographic scope and the period of time for which it is effective, it will be upheld."
https://www.ehlaw.ca/0904-focus0904/
" A few states, such as California, Montana, North Dakota, and Oklahoma, totally ban non-compete agreements for employees, or prohibit all non-compete agreements except in limited circumstances."
https://en.wikipedia.org/wiki/Non-compete_clause
I believe the initial patent for the Titan's single-port was purchased. Perhaps Fowler has been instrumental in refining it, I don't have access to Titan's internals about role of the individuals .
"Columbia and Vanderbilt university researchers had developed their prototype of a single-port robotic surgical tool to this point when the IP rights were acquired by Titan Medical"
https://www.digitalengineering247.com/article/fast-app-robotics-design-drawing-board/
I have verified that you are accurate about Ximedica being the contractor that has fully developed the device.
No, only the big companies have the finances to hire and train people to specialize but they choose expert contractors who specialize in it because even they can't fund and maintain a permanent workforce that deals with approvals either.
A permanent workforce and the required guru expertise that a company may need to carry from onset and during actual design periods is different than the one that gets hired later on with no real experience. It is an undertaking to train new staff them to design, fix and maintain a developed product at this timeline as related to fully developed product cheaply, even if they wanted to.
A given startup that starts and grows up with specialized staff is not the same as the one that has been using contractors since onset. You can't convert one to the other easily because the expertise are not typically transferable in short and medium timelines at a low cost.
They have to stick with their methodology.
No, outsourcing such an expertise reduces the risk. There is no access such expertise on demand everywhere first of all and acquiring it and training it is an undertaking that will actually halt the operation. Even the giants will hire such expertise rather than having it in house because these are independent specialized entities.
They obviously hire contractors rather than doing it in house.
'In addition, we have engaged a top contract research organization to manage our human studies. "
https://www.theglobeandmail.com/investing/markets/stocks/TMD-T/pressreleases/3552687/
Without speculating, my answer is that he believes TDMI will succeed and execute well and that he will bag huge parabolic returns on his move or he would have made a different choice.
He would have had access unbiased analysis by doctors and analysts in the field before making his move.
Nothing is more motivating than cash.
Google ABMD and its stock price history. It is not a robotic company but rather it produces heart pumps. It was first listed in 1987. For 30 years it did not execute for shareholders till 2015-2017 upon FDA approval and their product which had changed massively through 30 years till they got to finish line.
You could have speculated with that stock too for 30 years and lost money or traded or whatever, much longer than TMDI perhaps. Many shareholders would have believed that they had failed to execute and perhaps it would have been true for their investment timeline.
Development is not a linear concept and the future is not planned as technology changes every 3 years. Picking and choosing the right horse at the right time is not an easy task. Luck and skepticism are required but also optimism at the right time. Whoever bought that stock in 2014 is doing well.
I am not selling you TDMI but rather hope that you would do analysis on stocks rather than getting fixated on factors that are not controllable or predicable by any developing company.
The only entity that you can control is yourself and your cash.
They are working for their income. It is called paid-labor.
They have an expertise and they get hired to work for these companies. Labor is not free.
It was your job to analyze the stock market and choose well as an investor. Obviously you had failed in the past . Talking points are not stock-analysis.
You can't blame developing companies for listing themselves. When investing in developing companies you have to time your investments properly. These are not easy tasks. Whoever says otherwise is not being truthful and fudging their history.
Choosing and timing are critical when investing in such companies.
When is the best time to acquire TMDI in your mind assuming that you believe it will market the product in near future? You have to answer that to invest and reduce your risk.
What is working for you?
You are wrong, they do have a product and it is getting ready for release.
If I was his stock broker, I would have told him the same thing.
Unless there was a fully developed product, no novice should buy into a R&D stocks based based on whim and a promise. The timing of a buy should be close to verified existence of a developed and demonstrated device unless this person has a lot of cash and faith in the given company. There is a lot of vaporwares out there.
At this point though, Titan has a developed device that has been tested so there is far less risk but it may be too late for him because he has been burned before and he should indeed invest in other stocks instead, perhaps he should choose high growth stocks that have positive earnings to reduce his risks because he has lost a lot of cash already.
Risk is a material variable for a lot of investors.
Your opinion is not a fact.
I do see a great value and I am an engineer with vast amount of experience.
There is no robotic arm that can be developed for market cap of this device, period.
I have no idea what is the final market cap of this will be. But I do know that it will costs 100s of millions to produce one like it as pass it through FDA.
The costs don't go away no matter what.
The value is in the cost. There is no free device that will be given away.
Well I am back from summer vacations and I can see that those that want to buy this stock for a song at a cost to other shareholders have occupied the board and demand a lower price from the other shareholders. Some ex-longs have joined chorus playing the game.
Well I am not selling. I will average down if it goes down but I am not selling it to you no matter how many of you join the game. Anybody that sells at this point is not very bright in my opinion because this is the last leg of the development no matter how long it takes.
Luckily you can't force people to sell their stock below cost so you can snap them at someone else's expense.
There is no crushing delays that I can see here either. A quarter of a year delay is pretty much acceptable and routine at this point of development. In technical field creating a new device or software is about delays and to top it of, this one needs to go through FDA approval so it has to be solid.
Deadlines are just estimates unless they are contractual. No company has a contract with stock speculators. If you don't want the risk of buying into an R&D field then you can avoid it.
This company had instituted a hardware freeze which froze the device and the firmware. Those in technical field will understand that the device is not being modified anymore. The PR that I saw has even identified their objective in refining the software. For those of you who don't have amnesia, you should recall that they already had said that that they will work on the software and that it was not frozen. They have hired new people and a company according to their PR to advice them and lead them though this.
Stock message board jockeys who have been playing the dilution have profited from this stock for far too long now. It seems to me that they can no longer play game of the dilutions because they have shot themselves in the foot convincing this company to acquire financing through other means. The only source to acquire the stock is from the longs. There is no new shares being issued currently.
The 60 million dollar market cap which is a fraction of fraction of the cost of building a device like Titan has produced is not going to be dumped at 30 million dollar as far as I can see, 2 quarters before the release by any long stock owner just because some message board jockey here wants it at a further 50% discount.
Hi,
I am not sure if this a right forum to voice a complaint and and seek advice.
I believe that in a board that I am participating in, there is a moderator who tries to snuff me and my posts.
I have looked into terms of service and expecting it to be followed and I don't believe that to be the case.
'policy of iHub to allow our members to freely discuss issues in a free and open manner, and we will not take sides in disagreements or disputes based on investment sentiment or other subjective criteria.'
I don't insult people as a habit so that is not the cause of removal.
There is a moderator who is deleting posts based on their own whim and snuffing posters that they disagree with and it is obvious.
So what do you do in such a case?
The company is expecting to have an FDA approved product. They are expecting to sell the product and getting read to show it off and sell units.
The value for the TMDI robots are dependent on approvals and a good CEO is two step ahead and getting ready for orders.
Upgrades improve the device. It is like debugging the software after releasing the beta. If it was working ok, improvements would upgrade it.
if the beta of a device is working, the improved version will be an improvement.
Here are other examples that are mind boggling.
I suggest that you also watch Silicon Valley, the comedy TV series. There is immense amount of truth in that.
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Money-losing companies that went public in 2018 did better than profitable ones
https://www.vox.com/2019/3/21/18274843/unprofitable-tech-unicorn-ipo-stock-market-profit
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Almost all biotech stocks. In non biotech world, Taser perhaps. It still has a very high P/E! Here is a 2006 report and what is the stock price now.
https://www.fool.com/investing/high-growth/2006/04/28/foolish-fundamentals-stock-dilution.aspx
Amazon was losing money and diluting but honestly I believe their method was way more fair because it was avoiding options.
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Amazon is one such tech company making heavy use of stock-based compensation. For the most part, it rewards employees with restricted share units -- essentially stock with some restrictions on selling -- rather than options.
---
https://www.fool.com/investing/general/2015/04/29/amazon-investors-are-stuck-in-the-1990s.aspx
Nope it is not old. And it is the single port device that is being tested.
There is no reason for the device to have degraded.
You don't have insider knowledge either. It is illegal.
How much $ value of thus stock was traded according to nasdaq today? 78k
Even my broker is indicating a very low volume.
78K * $2.60 = $200k
How much was gained or lost = $0.09 * 78K = $7000 USD
WOW.. The entire day, all those who traded it today gained or lost $7000 dollars altogether.
The fact that longs are not really dumping it is obvious because the volume is low.
The day traders or most likely a hedge fund or two which control the price of this type of stocks, can control the bid and ask but even then they failed to make even $10k in total. What an achievement!
In a day like this, they could have done a killing shorting something with a large volume but here they are playing games.