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This sounds real. I hope the shorts don't get a hold of this one.
It is time for a nice bounce. Quarterly report coming out soon. Last one was too good to believe. This one will confirm that the company is making a fortune.
I'm out. I need the tax deduction. This is my only loser. See you again Feb 1st.
No, a person I used to work with recognised him.
Actually the picture is on Ihubs page. The one with Titan and Ximedical at the New York show, therefore the person may in fact work for Ximedica.
About 8 to 10 years ago I did some work for a company called Neoguide. They developed a snake type colonoscope that could find its way though the colon and back out with out the force it takes with a regular colonoscope. They developed the snake arm techology. I was suprised to find that they were bought out by Intuitive Surgical. Even more suprised to find out a former member of Neoguide was spotted in a picture on Titan's web page. I think Titans snake arm technology came from Neoguide and Intuitive Surgical may or may not have some influence with it
If you sell this stock for a loss you can claim it on your 2016 income taxes. Even though it is a Canadian stock. But if you reinvest in the same stock within 31 days you lose that opportunity. Just buy back in 32 or 33 days to be safe. You can claim up to $3000.00 max per year. If your loss is $9000.00 you can claim a $3000.00 deduction for three years.
Thats all I got.
When Titan suspended development they paid for parts up to their level of completion. Since they suspended it very late in the manufacturing cycle many of the basic parts were completed and need only to be assembled and tested. Much of the development money is already spent. I can't give away my source but he was the one who told me when the project was first suspended.
His part was very small but the implications are may be big.
He is a forth tier supplier though. This may be good or it may just be one of the companies above him not Titan who wants to get a jump start. It is the end of the year and maybe one of the companies just want finished goods in inventory for the bottom line.
A reliable souce of mine .... who knows a person who works for a forth tier supplier to Titan has just been turned on to complete the components that were suspended during the summer.I think they will be assembled into 10 more SPORTS. Maybe there is an announcement coming.
So I have a question. How big is Titan Medical, Inc.? Yahoo finance under titxf company profile lists 7 employees. If that is true how in the world will they ever bring this thing to market? No wonder the stock price is $0.30 a share. If Ximedica is doing 100% of the development, and engineering... that puts Titan in a very precarious position.
You probably already know to make sure you wait 31 + days before reinvesting in the same stock. Or you can't claim the loss on your taxes.
I don't know but I wonder where it will settle by EOD.
Bought another 2K @.30 will by more next paycheck.
Has anyone seen any published milestones?
They used to be on the webpage. I know they were never met but I am sure that they were a goal. Do they even have a goal now? Maybe that should be added to one of the letters sent to the administration. We have to keep their feet to the fire.
Why isn't Titan at Medica 2016? Biggest show in Europe.
http://10times.com/medica-de
The company I work for is there.
We get leads, contacts , and even investors from the show. Titan has got to get out there and show what it's got.
It could be like an alligator clip. They would use it to harvest a biopsy or to remove the subject material.
I have a gut feeling that SV Life Sciences is working out some kind of deal with Titan. SV Life Sciences owns Ximedica and their portfolio is huge. It would be a win/win to drag Titan over the finish line. Now since Hargrove is gone maybe it could happen.
I don't get it. Stock is being bought and the price still goes down??
I'm still in. I will buy more at .20. Just stay the course rough seas ahead.
I've heard of him. He works with Phil Mc Krackin.
Great guy.
I'm in. Where do I sign?
What is the real reason no one will give them a chance?
Does the product stink? Does it have proven efficacy in tests?
All I hear is it is great from the people on this board. What was the feedback from the show in Italy?
Why can't management say in a press release that... The latest offering was successful. We have obtained adequate funds to support product devlopmnet through CE and FDA certification. Milestones have suffered a minor delay of one quarter.
Communicate with us.
If this is true than publish it. We(and they) are getting slammed.
Looks like we are screwed again!
TITXF halted on Scottrade.
Maybe another overnighter?
Announcement?
There wasn't any product to sell (yet). What was he doing at Titan for four years?
They are my thoughts exactly.
Get it to market ASAP.
Get the name out there. Develope more applications later. Get the revenue stream going. It is so obvious to me. Why doesn't Hargrove get it?
In my opinion, it was a huge mistake to delay FDA and etc. to include other procedures. They should have obtained approval for prostate surgery and gone head to head to Intuitive.
We have a better, cheaper, and more versatile product, and we could already be in hospitals by now with possible sales of 100-500 units. Then we could have expanded on the product and gotten approvals for other surgeries. We would already be in the marketplace, we would already have a name, and we would already have a higher PPS.
But we didn't, and that's why we are where we are right now; we're a penny stock.
Don't get me wrong, I am long and heavily invested in TITXF, but this is just my opinion.
All I am saying is how many more robotic devices are being developed under the radar? How many more with snake arms? We are going to be late to the party with just a "Me Too" device. We all know we have to step it up. We have to get to market as fast as we can and as inexpensive as possible. We have to make others rethink entering the market. Some time it pays to Ready, Shoot, Aim.
It looks like the FDA doesn't have a problem with snake arms.
Check this out...
medrobotics.com
Why even post financials that are this old?
They are either liars or totally incompetent. How can they miss the milestones by a whole year? I don't believe the new requirements from the FDA crap. I deal with FDA requirements all the time and and they give plenty of notice when there are changes. There shouldn't be any surprises.
Why does Yahoo finance have TITXF at 1.3774????
Hopefully we will here something about our investments soon because TITXF "has retained the award winning investor relations firm, EVC Group, to create and execute an investor relations program addressing current as well as potential investors in Canada and the United States." We are current investors... how about some relationship?
How do you know we are fully funded until August? Can you explain how you arrived at that conclusion?
Justwent to the AORN Sugical Conference website.
I didn't realize how big that show was.
What a great place to show off the SPORT.
Somebody correct me if I am wrong but Titan grossed $19 mil with this latest effort of fund raising.
To bring the Sport to market it will cost $34 mil.
That means we will have to have at least one more round of fund raising in 2016.
Thats what I get out of the MD&A March 31, 2016.
Where is the info posted that states the milestones have slipped?