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Good thing I don't look back, looking forward it appears they are on track. Certainly doesn't appear to be any concern from ximedica since they prominently display SPORT on their home page and Twitter page. Doesn't seem to be any concern from SAIL Anne Arundel Health System since they will be investing heavily in setting up a worldwide training program. Doesn't appear to be a concern from the supplier for end effectors. I've seen more info indicating they are on track over the last 6 months then I did three years ago.
Your post are absolutely about you. when people say it's not about them, guess what, it's about them. You are a pump and dumper. Thanks Ted.
There are people on this board that can see the Titan puzzle pieces coming t/g and it is not from a chart that some assclown is analyzing. There are pieces of info that if you look hard enough for them could possibly do for you what it has done for me, which is taking some risk out of my Titan investment. I'm a believer that this is done before year end, only my opinion but I am adding bc it's my money.
That FDA meeting in July is a huge catalyst for the robotic market going forward. I encourage you to read thru what it is about. There are many areas that Titan is ahead of the curve when it comes to the future of Robotics (and concern of the FDA), one of them is training. IMO, the Google/JnJ parternship is the next domino that needs to fall before things get really interesting. That approval will start quite a race for companies to get into Robotics and compete with DaVinci.
We found that about 9 hours ago
Go under media section and look at videos - interesting to see microline end effectors on the device
We'll call u when we want a chart read for Apple.
I still don't understand the feedback regarding the supplier. It sounds like the Supplier told us (titan) to keep it confidential. Couple of thoughts: 1. If a company like Microline, why keep that confidential for now, no reason to do that, doesn't make sense. 2. Why do we agree to that? if we signed it with Microline, it makes sense to get that news out there and get PPS up. 3. Company we signed agreement with must have significant clout to persuade us to keep that confidential b/c they have a lot of moving parts that have to be put in place before something like that gets approved (i.e. SEC approval for a partnership).
Also, same thoughts regarding the agreement with OEM for the Camera tracking technology. Why keep that confidential? All that info would benefit Titan PPS unless something bigger was going on behind the scenes.
If anyone could share some thoughts about the supplier that would provide me more insight, would appreciate it.
the more i think about this info from the meeting yesterday, I am more jacked up about Titan then ever before
Thanks to the people that went to the meeting and are providing feedback, today your post are the only ones that mean anything to me and it has continued to reinforce my investment in Titan. Great to know that it looks like they have frozen the design
My only reason I can think of is that they are a big name company who wants to gain a foothold in a booming robotic market but has many moving parts that need to be in place and quickly.
It would be great if we can find out who the three institutions are that have signed on to start trialing it.
Your math is off - not a good sign.
They still have 15 openings they have been trying to fill for over 6 months but no one seems to want to join the company. Maybe anonymous posting will be the 16th, at least they will fill that one quickly.
How much will the TRXC stock be diluted after the offering? 30-50%? Will it take about 4-5 years of Surgibot sales (2019-2020) to get TRXC PPS back up over the $14 mark it was at around a year ago?
IMO, they need to make another offering b/c no one has any interest in buying the company or the technology and they are now stuck with going all the way. That is why I invested in TITXF b/c all their moves indicated to me that they were developing the next generation robotic surgical platform in order to sell it.
One thing I want to say about a buyout, the value of the company being bought is not determined by the market cap or technicals or PPS, it is determined by the value that the buyer believes it's worth to them. In Titans case, i hope that what they have is worth a bidding war bc that bodes well for all of us. Nice thing for us is that Titan is not an app but a potential game changing product for robotic surgery. I have no idea what that is worth to jnj or Medtronic or isrg but hopefully we will find out.
If only one company wants to buy Titan then it will go for a low PPS, if 2,3,4 companies want to buy Titan then it will be much more lucrative for us.
I don't, at those buyouts, I'd be happy whatever the PPS is. Imo, I believe that they have already gotten an offer but wasn't even something they considerd be they knew what they have w patents, the tech and the relationship w ximedica
Sell out to highest bidder. Right now $5B. 12 months from now $7.5B
I agree and am preparing myself (unlike November) for either a status quo - we remain on track - type of announcement. The most I am expecting is a new video but no big news. I agree with the value and buyout closer to CE mark. Like everyone else, it would be great if MGMT surprise me with news that makes my jaw drop and my investment skyrocket but I don't want to be Ralphie and find out that the decoder ring just tells me to drink more ovaltine.
I answered elcarbies question and would like his answer to my question: why should I sell?
Imo I don't believe it will get to commercializations under Titan Medical. My investment is based on the belief that it will be bought. So why should I sell?
One more question, why should they sell?
Easy answer, the exponential growth in robotic surgery over the next 5-10 years. Where else can I invest where the competition is thin and the market is exploding. Should I put my money in computer companies or the commodities market? Do you not believe in the robotic surgery market? Do you not believe that the market needs competition? Do u think that everyone else will just let isrg have the market?
Below is a good article highlighting the desperate need for someone like Titan. Lower cost, more mobility, better and more intuitive training - IMO robotics market of $20B by 2020 is on the low end.
http://www.advisory.com/daily-briefing/2014/04/22/when-a-small-hospital-wants-a-surgical-robot
Its good that TRXC is going thru this process b/c it greases the skids for TITXF. I would imagine that TRXC should easily pass the approval process, it's not too complex of a system. What surprises me the most of TRXC is that it is not mentioned as a possible M&A. Hopefully it will get approved, that way it can start to sell product and within 2 years will be back up to its pre-diluted PPS.
I've noticed on the corp presentation that on page 14 they still have the viewing portal included. If anyone attending the meeting could clarify whether or not they will have a viewing portal or the HD 3D monitor, that would be great.
I also think that this is starting to move pretty quickly, they have had a couple of instances over the last several weeks of posting something and either taking it down quickly (one poster talked about something on their website and then not on there) or pulling it back and redoing it (corporate presentation). It is almost like they are putting things out there to excite current shareholders but haven't put out the BIG stuff which is what would really move the stock (Videos, final design or design freeze).
Its fascinating and frustrating to watch. What's amazing to me is that despite the background noise, this chat room has been very helpful. I missed the console when I first read the corp presentation and was disappointed that they didn't make any progress in their tiers. Then the surgeons on the board start talking about how amazing the console is (gamechanger) and then someone points out that they have updated the report and completed more tier work.
What's also interesting is one poster talked about ISRG reps and their talk track about Titan. Then you start to think back to why would ISRG pull their Single Port back - IMO it's b/c based on what we are seeing with Titan, ISRG knew they couldn't through out their single port maybe based purely on them still having a viewing portal and TITAN SPORT having this incredible HD 3D monitor. Not too mention the snake arms but ISRG must have realized that it was a bad move to come out with their SP - would have been antiquated within a year of release.
$TITXF $TMD.TO
Interesting article on Sony 3D - posting b/c of the incredible Titan SPORT console and possible Sony 3D monitor
http://www.theheraldcitizen.com/sony-medical-haag-streit-usa-announces-3-d-technology-for-surgery/1210/
Interesting comments from Fowler about upgrades being software based, interesting since Google is one of the best in Software business - it only takes one bidder
Well by golly that would be swell. I really could use that reminder, could you do it maybe 11 times a day, 10 is really not enough.
Can anyone here tell me if they will need more financing? Anyone have an opinion on it? I haven't heard anyone mention that they might need more money.
Yes, I do believe that the $12.2M is part of the $17M towards Q4 Milestone. Millions of companies put in Purchase orders and then pay on them when delivered. Those $12.2M in PO's are for the following:
Final Robotoic System developed and placed for clinical trials
End Effector supplies for system
Training program at SAILS
Etc.
Once the finished purchased product comes in, they pay the bills, it does not mean that those bills are all due in April or May.
Also, if you read the MD&A, they discuss the next step of setting up a sales/distribution partnership - which IMO that will be how they come to market - thru a bigger companies sales/distribution/marketing channel.
looking at their position, they don't need the cash right now so there is no need to mortgage the future at this point. They have the cash to get thru Q4 milestone and it looks like mgmt knows that at anytime, if their cash position gets tighter then expected, they unleash SPORT video and design freeze and they immediately get the warrants excercised.
Apparently, they knew their cash position better than HC (and their financials proved it). IMO, we will know when their cash is getting tight if they start really pumping SPORT to get PPS up and have warrants excercised.
That $12M is for Q4 goals, which means they are ahead of schedule. They also have $17M in warrants w/ exp of June 2016. PPS rises over next several months, those warrants are excercised, Titan now has $23M + $17M = $40M and they only need $33M to get to Commercialization.
IMO, the next news release will be Design Freeze of SPORT, then we will see a video of it in action - w/in 2 months.
Somethings to think about:
Titan signs an agreement with a supplier for end effectors (maybe Microline)
Titan signs an agreement for manufacturing SPORT - Ximedica
Titan sings an agreement to set up a worldwide training program at the prestigious SAILS center
Titan plans to do CE mark first (which is simpler and faster than FDA approval) - will start selling abroad next year 2016 - for all investors - SALES is SALES whether the revenue comes from abroad or not (by the way, IMO great move to start international and not in the US) - also the agreement with Apollo will generate immediate revenue
Most people familar with medical device know that companies don't sign these agreements unless the product is completed (design freeze). it appears to me that the next big agreement they sign would be a SALES and DISTRIBUTION agreement with someone (Ethicon/Google?, Medtronic?)
Ximedica still prominently displays SPORT on it's homepage and its Twitter page - can't believe that they would do that if it was a failure.
Your view of this type of investment depends on which lines you can read b/t and what your timeline was. BTW, you know how much revenue TRXC had on their income statement thru end of March 2015 - $0
http://ir.transenterix.com/sec.cfm
http://www.aahs.org/sail/
Looks like positives for Titan and SPORT - great partnership
Any surgeon out here share their thoughts on what system is being shown at the 21:25 mark? Appreciate your insights, thanks.
Could also be a relationship b/t Ximedica and Microline. Also, IMO Sport is done and completed b/c it wouldn't make sense to sign an agreement for end effector parts and announce it if you haven't validated that the parts work on the system. Also, they already have the reusable end effectors completed and adding these disposable parts as they begin manufacturing the system for trial.
Based off their last Corporate presentation and this latest news it would appear that Titan has completed the following objectives on their Tier List:
* Completed Surgeon and User Interface
* Completed Sterility and Reprocessing
* Completed Aesthetics
* Completed Mobility and Adjustments
* Completed Custom Instruments
http://www.titanmedicalinc.com/wp-content/uploads/2015/02/Titan-Investor-Presentation-February-2015.pdf
All this means to me that they are already on their way to building the units for engineering verification and potentially ahead of schedule.
I finally read that SA article and it was amateurish. The premise of the entire article is completely flawed. It didn't take into account IP and potential application and value of IP (which is what most of us are invested in). It limited the growth of the market to a couple of players. It didn't account for potential value of the IP, Market Oppty and revenue potential for a potential M&A. It worked off the assumption that ISRG will always be the market leader when in medical device a new technology can come along and disrupt a market leader. We can go on and on to dispel the SA Article but most of you are smart investors and aren't just going to throw your money away b/c an article said something is going to be worth $6 in 20 years. And you certainly aren't going to do that based on someone that writes an article behind a shield of anonymity b/c they want to pump their own stocks.
Most people on this board are long on Titan, some people come to seek info on whether they should invest in Titan and some people come on here to drive Titan down. If you choose to make a decision on TITXF based on the SA article, do yourself a favor and step back and really look at the pieces to the puzzle rather than a scooby doo article written based on financial theory taught at the Rocco Globbo School for assclowns.
Why is Titan mgmt so quiet? Why wouldn't they be putting out PR to pump the stock and get PPS up? Why would Ximedica put Titan SPORT as their premier product on their webpage and twitter page if they don't have confidence in completing SPORT? Why would SV Lifesciences purchase Ximedica? Why would Ximedica build a robotic laboratory? If your answer to these questions are b/c you believe that everyone is incompetent then don't invest
BUT
If you believe that the technology is game changing AND you believe that Ximedica wouldn't put its reputation out front like this unless they were certain they could accomplish this AND you believe that JnJ/Medtronic/Stryker/etc aren't going to just sit idle on the sidelines and let ISRG continue to be the only company to benefit from Robotic Surgery then invest like us longs.
TImesyours, you are absolutely right and IGNORE is the greatest function on this board. I ignored one about 3-4 weeks ago and it has made this board a much better read and I am now going to add another one to my ignore list b/c I can't stand the discussion on warrants.