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Titan is venomless - deep pocketed BIGGUNS can do it in half the time with better technology. Titan totally screwed it up. Colorful slides - lack of vision on the demand for SP
By the time other BIGGUNS decide if SP is worth it - ISRG and MDT will have the ability to tweak their devices - so the longer it all takes, the more "refined" their SP bots become.
I think the next move is you will soon hear that Benchmark delivered the prototype and then BAM, a fundraise hits soon after - as Titan needs cash. Prolly a firm that is in cahoots with MDT who buys up the offering (but we would never know). That would make the most near-term sense in my view. Good in that the finished product gets delivered / Bad in that its more dilution and no BO. GLTA
There are 2 fundamental questions to ask yourself about Titan Medical's true valuation:
1) How much are their patents really worth ?
2) Will Single Port Robotic surgery take hold ? (Is it worth having more than 2 SP robots out there)
* I think that the muted SP sales from ISRG have others rethinking the value of Single-port robotic surgery. Now, with HUGO coming, many BIGGUNS will wait and see how many of those units get sold/placed. TMDI has a LONG way to go just to survive and I see MDT barely keeping them alive. WHY ? Because they know if they made an offer now, shareholders would not accept it and go to court. MDT will make it so painful for years and then buy Titan out after even the most excited exciteable has had enough. ALL IMO
This wouldn't be 70 cents if other BIGGUNS had legitimate interest
Man - you really believe what you write ? Talk about a stretch...40 peeps (mostly engineers) are now looking for work - read between the lines, IF MDT buys them its for the patents as the future in SP is HUGO with perhaps a Titan idea or two incorporated into it. enos will never see commercialization
MDT knows Titan can NEVER afford to commercialize it, so they pose NO THREAT as a competitor in the SP space
Don't forget the Large soft drink. Dilly for POTUS
#Slopestyle
Well - same ole same ole won't cut it so I do agree a fire sale to finally end it once and for all is a good thing. Horrible Mgt for a decade plus.
Do you even realize how much they need just to get to FDA submittal ? Another $70M easy and as much as $85M. Has to stop
That is what I can't understand....there isn't even another BIGGUN that wants to make it more costly for MDT. They will get Titan for a song...maybe 60 cents IMO
DIlly gave away the farm and Perry and Jazzy allowed him to do so....and of course, the Helens stood there holding their clutch with their ole deer in the headlights look. Liv will tell ya what Dilly did - he understands it
#Typical
well, however you would like to spin it...fact is many families relocated to NC and have small children. Dozens haven't even worked at Titan for 24 months yet. The risk is THESE FOLKS that know the freakin software will be pizzed and look around for other jobs in the research triangle. Your not concerned that this will leave a bad taste in their mouths because of what Mgt has done to them (around the Holidays to boot)? We see things very differently hoss
The team of software engineers are invaluable as what happens when tweaks need to be made prior to Human testing and/or questions arise? It's like benching your starting QB and RB right before the playoffs. Titan will NEED these peeps and not all will come back IMO. THINK
*Also, what is stopping Stryker / JNJ / ISRG from hiring them ? Titan will be lucky if 2/3rds come back
True but not many can be this STUPID even if they tried. Who accepts worthless shares, especially being Restricted ? Why bother ??
These peeps taking these ATWT shares as payment are better off putting $25 up each week and making a 7-leg NFL parlay.
I wonder if a guy like Heinz waits with anticipation ? Give him some RSU's at once
#ClusterF
UMM, Mgt ain't too bright - in case you didn't notice.
Only if Mario's brotha resigns and Monique D. comes back as she was stellar ! Hoping Mgt gives out more options and RSU's in 2023. yep
#MuteButton
Did they develop the enos software OR did a couple dozen of Titan's furloughed engineers ? I'm all ears because unless MDT's engineers were closely shadowing Titans NC peeps - those Titan peeps would seem invaluable to retain... not cast aside.
Hey everyone is replaceable BUT to part ways with enos software engineers prior to Human Trials and over the Holidays. Does Titan do anything right ?
Pure speculation on my part but I wouldn't put it past MDT paying Dilly off BIGTIME to lock up Titan's best patents. WHY - to eliminate the threat of someone else coming to the table and making a bigger offer. IF that doesn't happen, MDT basically controls EVERYTHING Titan does not too mention the BO price tag.
HOW could Perry and the others "allow" Dilly to make that deal w/ MDT ? They ran his azz out but the damage had been done. smh
#UmmInternalControls?
Excellent Post from Another Board - THINK about it (read it twice, if needed):
The new interesting comment from the savants is that who needs 80%+ of your workforce - especially the engineers who generated the IP and know it the best - given the robot is "done." I guess you don't need those engineers anymore if the following doesnt matter ...
1) you want to improve and adapt the product to FDA specification and feedback ahead of and during clinical trials
2) Provide any sort of trouble shooting/QC work while the Enos is being installed, tested and deployed in different clinical settings
3) Develop any new or upgraded tools, products, or otherwise in response to market feedback
4) Be able to further develop the next platform or additional platforms and indications beyond the already robotically saturated GYN procedures
5) Optimize costs, value engineering/substitution, and address potential needs to rework product based on supply chain challenges
6) Fix the software challenges that continue to plague the platform's operability with other OR equipment
*** So Let me ask you all this, IF MDT was acquiring Titan, WHY would they want the very software engineers out of the office (on furlough) if/when crucial questions come up during say a Human trials phase or a potential glitch happens ? THINK
That's one thing the exciteables can't splain away....how Titans PPS goes from low .90's to mid .60's with all of this GREAT stuff coming out. Please pull my finger and call me Harry
smh
Dude, $2.50 - shat Vance put the breaks on it when PPS was around 90 cents (and climbing)...that move prolly ensured a MDT BO of around 90-95 cents. Prolly all stock
Thing is, will Helens FINALLY fight that offer or just take it and smile ? Serious question
It's moments like these that makes me wonder on what grounds will Vance ask to appeal the PPS $1 mandate/rule ? Especially when they say, ya had it but chose to SQUASH PPS for some reason during a nice rise. WHY ?
Only thing he can say is...Watcha talkin about Willis. Over the past decade, Titan Mgt has and has had THE MOST INEPT MGT TEAM EVER ASSEMBLED TO RUN A PUBLIC COMPANY IMO. smh
** It's not only what they do to shareholders, their own employees even think it has been a wild and crazy ride. This time, I will actually be surprised if there weren't any lawsuits filed. 6 months to get their SHAT together but NOPE. Today had to show a $1 or more at close as Day 1 (of 10 consecutive) but didn't. Means that Titan Medical will not be in compliance and really should be delisted. If the exchange is doing their job properly, they will be ! GLTA
SO, is it going to be NEWS of a BO or NEWS of a fundraise as something has to give soon? They don't have much cash on hand to keep the lights on. Best guess is perhaps $2.8 - 3.3M left in cash by end of the month.
BIG RISK and lots of $$$ still needed to get past Human trials and on to FDA submittal. GLTA
It's TODAY - they need to hit a close of $1 today and carry it through until Friday 12/23. Then its the weekend and on 12/26 everything is closed as it's x-mas OBSERVED. yep
Well - he is correct, nothing but a CIRCUS. Always has been. If not over $1 by today's close they will NOT make compliance by the deadline.
THINK about that for a moment - even if there was a deal/BO...it would take MONTHS to approve and go through. This puppy will be delisted prior to then. smh
Prolly a better look for them to go bankrupt when a stinky pinky
Last Post from Me today...yes 12/26 is the deadline but that is a Holiday since Christmas falls on a Sunday this week - everything is closed on Monday (observed). So, i will take it slow as Helens MIGHT be able to follow this if I do so:
The 10 day PPS over $1 compliance "clock" starts on Monday 12/12 and ends Friday 12/23. If they don't announce BIG news sometime this weekend or Monday - then I do believe it will be a fire sale prior to a delisting. So, after over a Decade of this complete nonsense does MDT take a sizeable stake in Titan (over 5%) ? Is news of the prototype being received in NC announced ? The combination of those 2 events would instantly get PPS up over $1 IMO. So - will it happen ? Today's PPS/Volume suggests No but who knows. GLTA
** Kind of stunned nobody else has shown any interest as SP was all the rage. You really have to ask yourself were there no checks and balances when Dilly made that Milestone payment deal ??? Were those redacted pages pure BS OR did they protect Titan investors? I think Monday is a very important day as it should be telling one way or another. Yep
#LittleCashOnHand
Ole Scott Heineken - what a big nothing burger he was. He was supposed to be all that and he was a dud - much like Taco, Roll, and Stang.
Again, will Monday bring news of MDT taking a sizeable stake as well as the prototype being received in NC ?? Anything short of that and its a fire sale soon for scraps IMO....maybe 55 cents. Have to have the next 2 trading weeks close over $1 or its OVAH. Has basically all come down to Monday. Yep
Place dem betz
Love how these marketing people come and go over the years...who TF needs marketing when there isn't even a delivered/finished prototype? WTF is the Marketing exec marketing exactly, a phooken drawing from a graphic artist and a bunch of semi truthful slides?
Only thing more embarrassing was when Paige H. was given the Head Honcho position of WORLD-WIDE SALES about 6-7 years ago when there was NOTHING to sell. She even got a raise in pay, It's truly unreal but FACTUAL. That is where fundraises went - into the pockets of people that had no business cashing checks.
What does Seibert do ? How about Ole Deepak when he was around ? Huang ?? smh
they so need Leon and Fowler ! (sigh)
who u callin little - I'm bigger and fatter than you ! 27% of shareholders who bought in 2010-2012 will have passed away due to old age by the time enos is submitted to FDA IF it ever gets there
I will let you know but I just might fly to Tempe to talk with Jeff. I want to know if MDT was behind the change over to Bench.
Again, with no cash, it's hard to push anybody around. ZERO leverage
Why no number 2 or 3 involved ? Why does so much hinge on MDT when Titan has made the robot ?
So you tell me WHY this ticker excites you so much....how does this end ? They are not in a position of strength - Dilly gave away the farm to MDT
It's the deception, untruths, constant changes to when they will submit to FDA, treatment of loyal employees like Jazzy, past CEO's who are not held accountable, Helen's (most of which are men) who ALWAYS go to the bathroom sitting down, published cost estimates and timelines that are 100% meaningless, design freezes that thaw, big salaries by execs, teams all over the country, constant fundraises/dilution, re-branding of bots, Aspire getting over a million freebie shares, for what ?
Oh and a daughter getting high profile six figure salary
I'll stop there
I don't wear socks...have sandals, duh !
well all of the exciteables had better PRAY for two things that MUST happen sometime between right now and Monday 12/12. Say What HC ? Yep these two things MUST happen or I do believe PPS will go down fast if they don't:
1) An announcement that a BIGGUN has taken a sizeable stake in TMDI
2) enos prototype has been delivered to NC
If PPS doesn't close over $1 at Monday's close (12/12) - they can't make the 10 consecutive trading days and WILL fall out of compliance - PERIOD. Start prayin peeps as this is their only chance to continue on OR it's an absolute firesale debacle for maybe 55 cents IMO.
Can't stop thinking about WHY TF did Vance squash all of that PPS momentum? It makes no sense to me as $1 was in the conversation
* Any reasonable thoughts on that ridiculous PR...dude is basically inviting an investigation if this (likely) manipulation turns out to benefit a BIGGUN.
THAT deal gave Dilly 18 more months of pay. He ain't skiing in Provo yo - it's Park City all night long. He livs large and enjoys it....until judgement day comes. All IMO
#HeatedDrivewayC'mon
They too will let it pass...prolly just a good friend of Sleep, there it is or Let's Vance. What about Ole Jazzy - how do ya think he feels as he has felt it all for a decade. smh
Hey Helens...want to help fund my startup...called My Science Project, LLC ? One thousand each from the 30 of ya would really help ! Also, I have a case of miracle water sittin in my garage. I'm selling 1 vial for $15 or 2 vials for $30. Let me know
smh
What's Next - ya gonna tell me/us that Dilly and Let's Vance are practically neighbors ? Oy Vey
#GreatSaltLakeYep
#NiceDens
#SamePoloTeam?
Dilly has been exploring the Utah slopes for years !
#ParkCityBaby
#PackedPowder
#LodgeDrinks
#RichMilfs
#HisRockRandall
U went to College ? GLTY
Obviously Hope is an investment strategy for you ! I will say nobody should ever mess with Big Mikey
Donnie - you need to make a road trip to Toronto and then NC and see what is happening. DO it and report back to this board ASAP. tia
Pretty soon this Mgt team is going to take your wife and children too. U goin to let em ?