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Titan about to announce completion of robot. In talks regarding financing. 6 robots being delivered in a month or two. Things are getting excirting!!!! I wouldn't want to be a short!.
My guess is there was a lot of collaboration between engineers both at Titan and Medtronic. Who helped with integration of the camera system into HUGO as well as the instrumentation? As you are implying, I suspect the engineers at Titan had nothing to do with HUGO. Just ENOS. And the engineers from Medtronic and ENOS were probably not allowed to talk to each other or work together. I am sure the engineers at Medtronic were kept in the dark. Who talks with the FDA when HUGO begins their testing? The engineers from Medtronic? How do they answer the FDA's questions regarding the camera system or instrumentation or tweek these systems if ALL of the engineers at Titan were furloughed? I guess the engineers at Medtronic will just tell the FDA "Sorry, we don't know. You will have to ask the furloughed engineers that were let go. They were the only people that know." Sorry. I am not buying your story. Nice try though.Bottom line. I suspect the engineers at Medtronic are extremely familiar with ENOS. Why did Medtronic want Titan systems in HUGO? Do you think the brass at Medtronic were impressed and had their engineers review the technology? Or did they just say "We will take a chance without having our engineers look at it."
Just the beginning. You smell that? That is the smell of Titan shorters getting roasted.
https://www.med-technews.com/medtech-insights/assessing-patents-in-surgical-robotics/
Found this article on Stocktwits. You will have to copy and paste it to find it. Thank you to the person who posted it. The article outlines the significance of patents in the surgical robotic world. Intuitive has successfully become a monster in robotic surgery. I am dumbfounded as to the timing of Titan's newswire over its recent patent especially at this late hour. I thought about it more. Why announce this patent now? I believe it was a message to possible suitors if any that we basically have the beginnings of artificial intelligence for robotic surgery. Who wants this 20 year patent and what do you want to pay for it? Or perhaps they are already in discussions with one suitor with another in the wings. Time will tell.
I suspect most of you understand how important this patent is but for those who do not understand, I will describe it in layman's terms. There is a robot called MAKO for total joint surgery. A person's scans are entered into the robot and based on these images in collaboration with conversations between the surgeon and the MAKO rep and the data, the robot makes any and all cuts to produce the best corrected anatotomical correction for a total knee.
What Titan is saying is they basically have developed an artificial intelligence. ENOS will track surgeon's hand movements. The patients scans will have already been loaded into ENOS. The system prevents the surgeon from accidentally cuting into a ureter, a major nerve and or a major artery. As a circulating nurse, I have witnessed a lot of "Oops" in the operating room. A ureter has been severed, the bladder has been knicked, where sutures were strangulating a nerve and there had to be a second surgery to cut these sutures and reapply them and multiple times where a blood vessel has been cut. I have witnessed multiple general surgeries where a urological surgeon had to be called in to correct the error done by the general surgeon and situations where vascular surgeons emergently have had to come in to do an urgent repair. ENOS wants to eventually expand the needs of ENOS to other general surgeries. This patent is an incredible advancement in robotic surgery. I am hopeful possible suitors understand the significance of this new patent. It will help to reduce and potentially eliminate the "Oops" situation. Artifical Intelligence in robotic surgery!
Unfortunately, the timing of this patent is bewildering. We are at the point of possibly being delisted and going to OTC and running out of money. Why didn't Titan advertise the application of this patent to entice suitors to buy them or help with financing. You can't make this stuff up. This isn't the type of news from a company about to be bought out. Iti s also a little hilarious when Titan furloughs engineers to save money and yet finds the funds to advertise this patent news? The engineers were not furloughed for a lack of funds or a cost saving measure. Easier to say it was funding when the reality is the robot is done and they are no longer required.
No news for Titan today. Interesting that news leaked with the engineer on LinkedIn and still no news, especially when the stock has to be over $1 by I believe December 23rd or the 26th. Perhaps the stock will be halted today.
https://www.linkedin.com/posts/logan-frederick-54125317a_there-has-never-been-a-dull-moment-at-titan-activity-7006339076349997056-xsgU/?utm_source=share&utm_medium=member_android
Interesting comments from a former engineer who was furloughed from Titan recently but basically let the cat of the bag and let people know that ENOS was done.
Belize me it is happening. It certainly isn't make belize.
On no volume. A smart guy on another board taught me about volume. Someone premarket can buy 1 or 2 shares at 66 cents when the last share price was 72 cents. It drops the share price on very low volume. Same with after hours, someone can buy 5 shares at 72 cents when the last share price was 66 cents. Means nothing. But for those individuals who are not aware of this fact you look at the premarket share price and panic a little. You have to see the volume as well. Bottom line, throughout the day recently there has been very little volume. 100K to 200K shares traded. Most people are holding or not selling. We are all just waiting for news on Titan
Time will tell. We will all know shortly. Titan has systematically released PR's and understood what each PR would do to the pps. Are they setting up for huge news but keeping the share price close enough to a dollar so that the news will bring us well over a dollar? Are they controlling share price so that the buyout price already negotiated seems fair? I am a long term planner. I would not only be working on FDA approval but I would also have a manufacturing team in place and the money to get the robot to completion through the FDA process. Seems a tad strange that a company spending millions of dollars would not have the foresight to have future funding in place with someone on the completion of milestones unless they do and we are all in the dark. Not much we can do is wait and see.
Stupid question. We continue to be granted patents. Why would Titan continue to pursue patents if it was closing up shop?
What do members of this message board feel about the new patent for a three armed single port robot? Don't you feel this is an incredible improvement that will make this single port robot more marketable?
Monday should be fun. I suspect another climb in share price. Then the announcement of the completed robot. Things are starting to get interesting.
This might sound horrible but I hope the pps climbs more today and stays under one dollar. They will announce the robot is complete in the near future which will further raise pps. I am hopeful it stays under one dollar to force their hand and sell the company. Enough is enough. 12 years is enough for me to be waiting.
All I can say is that I am glad that we are reaching the end of a very long journey for me. It would be nice to recoup some of our losses or even break even after averaging down. It will be nice after 10 to 12 years NOT to hear or think of the word Titan. And to those individuals who bought cheaply, I congratulate you. Some profit will hopefully come your way
I tend to agree with you. For the life of me I cannot understand how a company with these many patents and at the point of producing robots to be used for IDE studies is sitting at this share price. Especially when they are burning through cash like crazy and continue to hire engineers to progress. I also cannot believe that no other suitors have approached them other than Medtronic to give them the recent two contracts. You would think if Medtronic is expressing interest then other companies like JNJ, etc. should be knocking on the door. What is preventing these other companies from knocking on the door? I continue to feel there is a big secret nobody is sharing. I feel there is already an agreement in place in which Medtronic will buy them out when they reach a certain point. Or Titan feels they are worth more than what has been offered and have decided to progress and get ENOS to market before selling the company or getting a larger buyout price. Quite the mystery. I just think if it was my company and I was getting to the point of running out of money, I certainly would have a plan in place to rectify my finances or get help and give the suitor a piece of the pie in order to get to the finish line. And for those individuals who have already helped me (shareholders) I certainly would disclose information to make them more secure in their investment. What do I know? Time will tell.
Nobody will vote for it.
Doesn't anyone find it interesting that Titan is running out of money, is at risk of being delisted and yet hired an engineer and is about to have its robot delivered to start IDE trials. And Medtronic is about to start IDE trials in the USA using Titan's IP including its camera system and instruments? So if Medtronic is successful, they will be able to market HUGO in the United States and compete directly with ISRG. And Medtronic will watch for Titan to complete its IDE studies using the same camera system and instruments. And then they will compete against each other using the same camera and instruments. Does this make sense to you? And Titan will somehow find the money to continue to complete these studies. and Titan has to be over $1 in the upcoming weeks. Does this make sense to anyone out there? No? Me either. Would it be possible for Medtronic to give yet another contract for milestone completion until ENOS is FDA approved? Yes? I agree.And once ENOS is about to be FDA approved, would Medtronic buy them out? Yes? I agree.
Well it looks like Medtronic and Titan are still sleeping together. Enough already. Just pull the trigger already.
The buyout will happen if it happens. Nobody knows what is truly going on behind the scenes. It seems Titan and Medtronic continue to work together. Money continues to change hads. Both are getting closer to having their robots on the market. Parts from ENOS will be on HUGO. I guess the question is "Does Medtronic want Titan to take market share from them or do they just buy them out and include that market share in their revenue?" Time will tell I guess.
More patents continue. Burn rate continues. Titan has been provided an extension to get pps over $1. Medtronic continues to feed Titan some money to help them economically. My guess is once Titan gets to a certain point in the development of ENOS, Medtronic pulls the trigger on a buyout. Think about it. Let's say another big medical company buys Titan. Will they continue to supply cameras or parts for Medtronic. I think not.
I just can't imagine MDT not buying Titan out. Patents continue to be issued. Medtronic keeps throwing Titan bones in the form of payments to Titan. Perhaps there is a secret arrangement where Titan gets to a certain point and the deal is finally done. Time will tell.
If you know anything about the medical field you would know there is a place for both multiport as well as single port. ENOS was not designed for multiquafrant surgeries but could do well for lap choles(if you know what this means).
I honestly still think Medtronic is in bed together with Titan. Medtronic just gave them more $ to produce parts for their robot. I suspect a buyout deal is already in the works once Titan hits more milestones. I just can't believe nobody else is interested in what ENOS has to offer. I suspect their hands are tied. Not good transparency for shareholders but I do believe it is just a matter of time.
Transparency is always a good thing. There was no transparency or truthfulness from McNally.
Have they started talks on a possible reverse split yet?
WOW! RBOT $4.95. THINK I WILL JUMP IN WHEN IT IS 25 CENTS.
RBOT WAS DONE 15.63% FRIDAY. SITTING AT $5.02. HAVE NOT SEEN A RECENT UPDATE BY PEOPLE ON THIS BOARD RECENTLY. THOUGHT I WOULD KEEP YOU UP TO DATE. I BELIEVE SOMEONE HERE WAS COMPARING RBOT TO TMDI IN THE RECENT PAST.
Agreed RBOT continues to drop premarket.
RBOT $6.39. Hadn't seen an update in quite some time. Hoping for a miracle on Titan.
Glad I am not. Just interesting that posters here will post the share price of Titan as it drops but for RBOT, I guess they forget.
Nobody wanted to but DaVinci!!! NOBODY!!! Remember that? ISRG went alone. They don't seem to be doing shabby, do they? Scaring Titan investors into selling because Titan may go alone is not working. Part of me hopes they go alone. Wonder if anyone else will come knocking on their door if they choose to go alone. My guess is they will try to break the door down.
TIC TOC. UP WE GO SLOWLY!! IT IS A GREAT TIME TO BE IN THIS STOCK! You would be a fool to be selling at this point. Jump in! The water is warm!!!
Looks like the shorts are getting nervous. Hilarious.
Based on the way the share price keeps dropping looks like it is heading out the doorway. Can't wait until it hits 25 cents. I am a buyer then.
Wow. How low will this stock go? I am a buyer at 25 cents.
Can we get an update on the share price of Vicarious please? Is it still dropping?
I think Titan are also helping Vicarious develop their single port platform. Since we are doing make believe here why not make a stretch and throw this out.
By the way, RBOT id $11.78 and continues to drop.
Agreed Adrock. Think about it. Titan delays 4th milestone. Keeps its shareholders in the dark. McNally disappears basically from the public forum aside from repeated investor conferences. Titan claims 4th milestone delayed because of needing parts. Hires multiple new employees with M and A experience. Then they announce another dilution? Come on now. That would be suicide for the company.
Cool story bro.