Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hi Guys & Gals! It's been a while since my last visit. Check my previous posts and I warned all of you this company was worthless. Hargrove is a liar. Nothing he has said has come to fruition and it's inevitable this company is hit with a massive class action law suit. The only thing Hargrove and management is concerned with is lining their own pockets. Next financing should be just around the corner so they can all continue to pay themselves those lofty salaries. Let me know when the class action is filed, as I'd like to join in.
I wish your post was true but now looking back after the Raymond James secondary, it appears as though RJ was in the game for a quick flip. At the expense of raising $32M cash, NVIV has lost $75M in market cap since the stock traded above $10 one week prior to the secondary announcement.
Net and comprehensive loss for the fiscal year ended December 31, 2015 was $41,413,281 compared to a net loss of $13,450,261 for the fiscal year ended December 31, 2014.....WOW! Supporting their lifestyle, this group knows how to burn money! Look for more dilution before year's end!
I've been trying to warn you people for more than a year that SPORT will never make it to commercialization. Management is only concerned with supporting their fancy lifestyles at the expense of the shareholder and this stock will be diluted into oblivion. Anyone who got suckered in on the recent rally is now down 35% in the last five trading sessions. Look for new 52-week lows and then look for a 1-for-10 reverse split and then guess what happens after the reverse....newer lows! Like I've said....let me know when the class action lawsuit is filed!
Everybody feeling good about their Titan investment? Stick around and you'll lose all your money. Bail now before it hits $.50 cents and remember back at $1.40 I told all of you to sell. Today's close was yet another new 52-week low - stocks that trade to new 52-week lows most always continue to trade lower. Titan management should all be behind bars, including Hargrove.
Look for new lows by year's end...
Good news - what a friggin joke! So tell me when they'll actually have a product to sell - if ever! Look for $.50 cents by year's end.
You guys don't plan on jumping off this sinking ship until it's totally under water do you? So sad. Just in case you didn't know - stocks that set new 52-week lows most always go on to trade lower! When you're finally fed up with being lied to, please let me know when the first class action lawsuit is filed. I'll be happy to join the class. Tried to convince all of you to sell in the $1.50's. If you'd rather wait until $.50 to sell, you'll soon have that opportunity.
Oh and I forgot.... I have more than two dozen emails from Hargrove filled with nothing but lies.
One last time - read my lips. I tried to warn you people that the next financing would put a fork in Titan. Do you folks not get the picture? Management could care less about their shareholders. That was proven to be fact when Hargrove and his cronies lied about the time line. Their stupid robot will NEVER make it to commercialization. And when they spend all the new money to support their lifestyle, they'll need another financing. The next stop from here will be $.50 cents but this thing really isn't worth a plug nickle. Surprised these liars have not been hit with class action lawsuits. Let me know when one is filed. I have Hargrove on tape lying to me. I'll be happy to join the class action.
"Management at Titan is a frustrating lot."...... they are liars and will continue to milk investors for every penny you have. Tried months ago to warn you guys! As long as they can find somebody to continue to give them money, they will enjoy a good lifestyle while investors go broke!
New 52-week low - wish you folks had listened to me. Next stop $.90. If $.90 doesn't hold look for $.50.
flybabyfly said.... "At this rate we will be trading for a dime by next Friday." Probably won't happen by next Friday but eventually it is a real possibility. It's going to break a buck just like I've said all along - the next stop from there will be $.90 where there is mild support. Below $.90 and Titan is headed to $.50. My beef as should be all of yours is with Hargrove and his buddies who lied to all shareholders about the timeline. I'd say the odds are 95% that Sport will NEVER come to commercialization. The company is about to run out of money. The monthly burn rate is totally unacceptable for a frigging bulletin board company, but I've been saying that for months - high paid management, high paid relatives and high paid PR firms. The only thing management is concerned about is lining their own pockets - screw the shareholders. Oh and did I mention the TOTAL LACK OF TRANSPARENCY? Won't surprise me at all to soon see a class action lawsuit filed. At the current burn rate, to take them out another 18 months, they'll have to issue an additional 50M shares - not good at all. Today's volume was five times the norm and it was mostly on the sell side. Look for more of the same.
Insider options exercised at $.32 - wow - that's a real confidence builder. Obviously, insiders don't believe this is headed higher - let's see - just another bag job by insiders.... exercise at $.32 and sell at $1.14 for a gain of 256%. As I've been preaching, just a matter of time before Titan trades below a buck...
You folks don't listen do you? Investors have been wanting out for the last 8 months. I'll be back again when Titan breaks down below $1.00.
You guys aren't listening to me are you - lower and lower and lower she goes. Just wait until management announces another financing! Stockcharts.com has a "tentative" price objective of $.25 cents --- http://stockcharts.com/freecharts/pnf.php?c=titxf,PWTADANRBO[PA][D][F1!3!!!2!20]
Look - it's not about me. Look at the chart. Titan is headed lower.
Sell now before this thing totally implodes. I've been warning everybody here for months. Mark my words - Titan is headed below $1.00 - pathetic performance by management!!
Bash me all you want but here's the facts... I didn't write this script - management wrote it....down 49% in the last 52 weeks in the face of a roaring bull market. Breaking down today below the 50-DMA and headed lower.
"All we can do is be patient..." Would you not agree that patience is wearing very thin? This stock has been going south for the last 8 months and you ask for patience?? Won't surprise me at all to soon see Titan trading below a buck. After being lied to for the majority of 2014 about time lines, the company will soon need another financing, and you'll be able to officially stick a fork in Titan when the next financing is announced!
Stockcharts bearish outlook for TITXF.... http://stockcharts.com/freecharts/pnf.php?c=titxf,PWTADANRBO[PA][D][F1!3!!!2!20] .... take a look at their bearish price objective. No prototype in sight and about to run out of money...you'd think Titan management would face reality rather than thinking their the next best thing since Intuitive Surgical. Time to face reality!!
Sherry Bertner is just one example of many concerning management's "I don't give a damn what shareholders think, we're doing it our way." Tell me any other public company out there who is paying a firm $20k/month with their stock priced at $1. No management team in their right mind would be so reckless with shareholders money!
Cuin - I agree with your analysis 100% and agree with your statement.... "I do not trust or like their strategy and believe they are uncertain how to proceed, hence the radio silence." 110%. Should have taken their silence prior to last November when the stock started trending below its 50-DMA and sold every share I had as it would have saved me a triple digit loss. The stock is priced where it is today for a reason. Investors have lost faith in management and don't believe a word they say. With over 100M shares outstanding now, another financing will put a fork in Titan for good.
You say you've been in Titan for 5 years. I say you have way too much patience as you could have invested the same money in just about any other stock other than Titan and come out substantially better. Management could care less about us - the shareholders who pay their high salaries and finance their high standard of living.
"Absolute disdain towards investors...." That's been the standard for the last 24 months. Options should have been priced a heck of a lot higher than $1.72. Anyone who bought this stock prior to Nov. 2014 probably has an average higher than $2. Why not price the options above $2 and show us you mean business with more transparency and get the stock out of the gutter. Otherwise, management should cut their salaries in half until the stock is priced above the exercise price but because of a "disdain" toward shareholders, these guys think only of themselves.
I agree with your analysis 100% concerning the exponential growth in robotic surgery over the next 5-10 years. However, investors in Titan seem to be saying by the continued selling of their shares that SPORT may not ever make it to commercialization????
Question for the Titan Bulls.... As most of you on this board are fully aware, Titan has been dead money since last November. Over the last 7 months, it has shown no signs of life. Any time the stock pops, it's met with selling which tells me many more investors want out than want in....and now we are once again starting to trend below the 50-DMA. The stock seems to be on a banana peel, waiting for the next leg down. In my view, Hargrove should be fired. Why should an investor continue to hold?
Shouldn't have said "Know of bad news" but should have said Titan has been bad news for the last 7 months. The selling more likely came from investors like myself who have seen this thing continue its downward spiral and looking for a pop to cut their losses.
As pathetic looking as the TITXF chart is, I doubt very seriously anyone is shorting a $1 stock. More likely, it's investors who are fed up with the bs of management and looking for a pop to get out.
Looked like a ray of hope when we traded to $1.44. Sellers were hiding in the woods and unloaded - unbelievable. Must be bad news coming.
"Slow Bleed....." would you not agree that's exactly the same thing that's happening to Titan? Management continues to burn money and has done nothing since giving us the bad news of last November.
"I believe that doing right by investors is called fiduciary duty, right? I feel very strongly as though Titan duped me by promising a certain course of events, only to change course once they had my money."
John, I agree with your sentiments and I am baffled at why many on this board cannot see through the charade. I feel the last two announcements have been simply to get something out when there is NO substantive news to report. The chart stinks - trading well below both the 50- and 200-Day Moving Averages. Titan is acting like it wants to trade to a new 52-week low so don't be surprised if in another 30 days it's below $1.00. Smart investors are not buying this bs management is feeding us.
Positive? Perhaps I'd view it as positive too if Titan were going up but the stock is down 5% since the announcement that you perceive as bullish.
Agree 110%. I remember Hargrove telling me when Bertner was retained at a cost of $20k per month that the firm was going to take Titan to the "next level." What Hargrove failed to tell me was the "next level" would be down 50%. The amount being paid to Bertner should be considered a misappropriation of shareholder funds. If Titan was trading at $5.00, it would be a different matter but this pos has done nothing but trade south. Management has no business paying any firm $20k a month. The company has turned into a total joke, costing those of us who were sucked in a ton of money. Since last November we've had two meaningless press releases. Perhaps the handing writing is on the wall. Frankly, I'm amazed that all of you are not totally outraged!! Aren't most of you a little suspicious of the latest press release, particularly given the fact we don't even have a prototype yet?
Remember all the promises about commercialization prior to Nov. 2014? If management does another financing this year after lying to us last year, this POS is dead forever. Already with more than 100M shares outstanding, this nontransparent management team will put a fork in Titan with another financing!
Cuin - I'd bet a large sum of money we won't see a video by year's end. Since the bombshell of last November, we've gotten one two sentence PR. My biggest complaint is the TOTAL lack of transparency. Just take a look at another OTCBB stock I follow - NVIV - since last November, NVIV management has issued no less than three dozen press releases. NVIV management is executing, keeping shareholders up to date, and as a result their stock continues to trade at new 52-week highs. On the flip side of the coin we have Titan management who for whatever reasons have decided to keep shareholders in the dark and because of their total ineptitude Titan's stock is off almost 50% from its high - totally unacceptable!.....so I ask the question, is it time to sell this pos and move on with a large loss or should we trust management to give us more transparency, execute their business plan and get the stock out of the gutter it's been in for the last six months. It's really a pathetic situation!!
Since the mid-November bombshell that shed more than 50% off of our investment, Titan has issued a grand total of one press release on Sport. Here it is....
TORONTO, ON--(Marketwire - March 17, 2015) - Titan Medical Inc. ("Titan" or the "Company") (TMD.TO) (TITXF) today announced that it has completed the next major milestone in the development of the SPORTâ„¢ Surgical System --the design and test of a feasibility prototype. It demonstrates feasibility to build a next generation workstation and advanced instruments, and it enables expanded use of the SPORT Surgical System.
These two sentences are all that's been released in the last five months. Talk about lack of transparency. Should we believe them?
I am not a seller and I wish success for Titan, but it's unfortunate that some on this board cannot accept the facts and the reality of the snails pace at which management is moving......so I guess you're happy with the fact that shares are currently down 50% from all-time highs - not a very good endorsement of SPORT! Hopefully, we can close above the 50-DMA today at $1.35. Then maybe we'll get to the 200-DMA at $1.79 where we will run into heavy resistance. Above $1.79 and I'll be a happy camper. There is one positive on an ugly chart - the 50-DMA is modestly trending higher....
"Don't drink the kool aid" - I totally agree!!
"today announced that it has completed the next major milestone in the development of the SPORTâ„¢ Surgical System --the design and test of a feasibility prototype. It demonstrates feasibility to build a next generation workstation and advanced instruments, and it enables expanded use of the SPORT Surgical System."
This is all we get - two frigging sentences after waiting for months! Based on a similar release back in 2008, 2010 and 2013 how much longer will it be before SPORT is commercialized. Seven years after the release of 2008, doesn't look like we're any closer today than we were seven years ago. Hopefully, we get some positive price movement today but in my view, it will likely bring sellers out of hibernation.
In other words, there's not one shred of positive news otherwise they would have told us something. Great strategy. At this rate, by May 10th stock will be $.50 cents - absolutely pathetic management!
If you're looking for something positive to come from milestones - forget about it. Chart is telegraphing no positive news is coming. We got the same silent treatment for two months preceding last November's announcement and you saw what happened then. Don't know about the rest of you but I've about had it with days like today when the DOw goes up 227 points and takes every stock on the planet (except Titan) with it!! Frankly, there should be a shareholder revolt!