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You will attend AAGL? I look forward to you proving it
You do realize that a $1300 share price would make TRXC a $260 Billion company? No, I don't think that will ever happen unless customers completely abandon the Da Vinci for the Senhance within the next 5 years and the Senhance grows significantly from there. I give that a .05% chance.
Ask yourself... Senhance received FDA approval 3 weeks ago...so why are there only 2 jobs posted at Transenterix web site? I also did a search at numerous other job boards with various other keywords. No jobs posted. So, if Senhance was really ramping up a sales team for the Senhance, why are there no jobs posted? BECAUSE A BUYOUT IS HAPPENING SOON.
the biotechguru guy said that $12.50 buyout was going to happen this morning. Didn't happen.
Wrong answer. The system has been upgraded since 2011.
"The size of this platform will make it unusable in the majority of OR's. "
Wow, if only TRXC management would have known that before they invested many millions of dollars and many months in this system. If only they would have had access to your one sentence of knowledge....It won't fit in the majority of OR's! Genius observation! I must rush to tell them that on Monday! If only they thought of that before all this wasted time and money! This is your keen "trained eye" at work, huh? Wow, impressive!
You think, maybe, just maybe they already thought about this? hmmmm....i think they already did. It's not a problem. Otherwise, they wouldn't have stopped right there and not wasted all the effort and money.
But, hey, maybe you are right and should call them up to offer your consulting services. You would save them a bundle, huh? Offer them your "trained eye".
Whose word do you think I am going to take? Yours or Dr. Stephan's from the 10/24/17 video at TRXC web site where he goes on for an hour providing his detailed feedback on the Senhance system? He has over 25 years experience doing more that 20,000 laparoscopic procedures. You think he would ruin his good name by going on record and giving a bogus endorsement? How much experience do YOU have?
Wrong answer.
They are not merely a puppet of TITXF mgmt.
If that was the case, why would TITXF pay them $20K a month?
on a related note, what the f*ck takes so long to bring this robot to market?
years and years and years! Did ISRG take this long? What are these idiots doing all day long? It almost seems like this is a side project for them that they are in no rush to finish.
Sue them! That's assuming a law firm will take your suit.
I'll join you. I own 25,000+ shares and I am down $1 or so a share.
These clowns have embarrassed themselves
I encourage everyone to email management demanding they fire Bertner
info@titanmedicalinc.com
HR@titanmedicalinc.com
and any other Titan emails you can get a hold of.
Bertner hasn't done anything as far as I can tell.
What a waste of $20K a month!
For me, it speaks to management's stupidity that they would hire them and keep them on board.
Haven't been here in awhile.
Everyone panicing?
In a nutshell, why has this stock been tanking hard?
Because the commercial introduction has been pushed back or because of dilution or both?
2 1/2 more years until commercialization !
what the F*ck takes so long? What do these clowns do with all these days, weeks, months and years.
It took less time to put a man on the moon!
(I am exaggerating, I know)
You are hallucinating
"I think 5-10 Billion is possible after Europe sales start and FDA approval."
So, you are suggesting TITXF could go up 25 to 45 times within a year or so?
Even with little revenue. An $8 billion market cap would put them around 1/2 the market cap of ISRG, which has thousands of robots out there and billions in revenue.
I used to work at Northwest Community Hospital in Arlington Heights to when I was a teenager. My sister still works there. She is a manager in the kitchen.
What is your job there?
Your optimism is admirable, but your wishful thinking won't move the stock.
dude, you are comical.
You said "GAP UP" at the open.
So you are saying, that 2 or 3 cent move at the open was the "GAP UP"
Ok, dude. Sure.
Honeycomb, where are you ??????
ready to eat some humble pie?
regretting your prediction for a gap-up today? You should be.
You guys that insist a buy out is coming soon make me laugh.
If TITXF executives put their blood, sweat and tears into this for many months, if not years...and they really believed in the equipment...why would they agree to a buy out at a 30-100% premium when they can go another 2 or 3 more years and have a stock price that is potentially 5 to 10 times what it is now?
"I have Provided 5 within a 2 week time frame and my last two (see 8/15) will result in a GAP UP tomorrow"
Really going out on a limb with this one.
If you are right, it's a fluke.
If you are wrong, hopefully you will be humbled.
Hmmm..I detect some sarcasm.
Look, didn't mean to hurt your feelings.
I am sure some of your 1,500+ posts are worthy of posting.
But I see what is going on here...when there is no real TITXF news, investors get antsy and find any little thing to post about. They start speculating about nonsense. Others feed off of it and the spiral of nonsense gets whipped up. That's what happens here when there is no real TITXF news.
BFD, Honeycomb, BFD.
(Big F-ing Deal). Your two revelations are real snoozers. Nobody cares.
It's not going to move the stock.
What I stated is a fact.
What you are stating is speculation.
Please prove otherwise.
The big difference between MAKO and TITXF is that MAKO had $100150 million per year in annual sales. And 100+ robots out in the field. TITXF is at least 3-4 years away from that.
Here is why I think he said that. It is a combination of 2 reasons which are intertwined:
1) He bought the stock at lower levels and was doing some wishful thinking.
2) He was attempting to pump the stock, hoping that it would help reach even a fraction of his $15 target.
"No point in arguing this...there's just a certain level of class and etiquette around disclosing/asking about one's financials. You just don't do it."
Yeah, I agree UNLESS it is an anonymous question on both ends (the person asking and the person being asked).
It's an anonymous board, what's the difference or what's the problem if someone asks another poster how many shares they have? Who cares?
If you don't want to answer, don't answer.
It's not a rude question.
I keep seeing this talk about a buyout.
If you had a product you really believed in and saw how big ISRG got, would you really want to cash out early for a 100% or 200% gain or would you stick it out for another 3-5 years and turn the $250 million market cap into $5 billion, a 2000% return?
Just doesn't make sense unless you were having money troubles and needed quick cash. or had something better to do with your time.
Thanks for the thoughtful response.
Boy, this board is refreshing as compared to the insanity on the yahoo boards.
Anybody going to respond to the points made in this article?
The one I am most worried about is the Davinci's 3 arms vs. Titan's 2 arms.
I would think the capabilities of 3 arms would substantially exceed Titan's 2 arms.
Any body else worried?
I think some big pluses of the Titan would be:
1) Unit is far less expensive than davinci
2) Titan is mobile, Davinci is not
3) The medical field is probably eager for an alternative to the davinci
Anybody know Sherry Bertner's email?
Her web site sucks. No contact info.
What the hell is she doing for $20K a month? I would really like to know.
And I would also like to know what do I have to do to get a free ride on the gravy train like that?
Don't you think, as shareholders, we have a right to know what she is going to do? She must have submitted some sort of plan to TITXF management, no?
In order to fairly compare the two systems, the person needs to have experience with both of the systems, right? Has anyone outside of TITXF used the SPORT?
Question to this board:
Who are the most knowledgeable posters on this board?
We have a number of hard core TITXF followers/posters.
Any posters working in the medical device industry?
They have undoubtedly put a lot of blood, sweat and tears into this for years, some more than others, so I find it hard to believe they would sell out any time in the next couple of years. Especially if they believe they can be a big player like ISRG. What would you rather do...double or triple your money in the short run or stick with it and build a multi-billion dollar company and grow your stock 20 times? I would think the latter would be much more satisfying. Even if it takes years longer. That's part of the fun.
I agree. The market prices at a stock on where investors think the company is going, not where its' been or even where its' currently at. That's why the market cap is already $250 million or so. At some point, it will likely be priced at a multiple of sales. Then, as it achieves earnings, it will be priced at a multiple of earnings. Or, more likely, a blend of the sales multiple and earnings multiple. If I am not mistaken, ISRG trades at around 7 times sales. Investors will only allow TITXF's market cap to get so big before they start using a multiple of revenue as a way to price the stock. I am guessing the market cap will top out at $500-$750 million at which point more and more investors will be looking at sales and sales growth as a yardstick. TITXF, I would think, will then trade at 7-10 times revenue at best.
Anybody remember what kind of sales multiple ISRG was trading at int he early days? That would be a good indicator of what TITXF will be priced at once they start achieving sales, no?
Everybody needs to calm down.
This stock isn't going to get too far ahead of itself without waves of selling. Remember, they have no sales, no FDA approval ...not yet or anytime soon. Therefore, there is a lot of risk and waiting involved with owning this stock. A billion dollar plus market cap just doesn't typically happen in the med tech sector or any other sector (except biotechs) without sales and at least FDA approval. I can name plenty of med tech companies that have a market cap of $500 million to $2 billion, but they all have sales. TITXF does NOT.
And those of you that think there will be a buyout, show me any med tech company that has been bought out prior to receiving FDA approval for their one product. I can't think of one. Maybe there is one or two, but I am not aware of it. Please show me. My point is that it is extremely unlikely. Although, perhaps ISRG would be interested? They have over $1.5 billion in cash which means they could pay a 100% premium and still have $1 billion left over. I know ISRG is developing their single port attachment, but it is still attached to their huge $2 million dollar machine which does not serve the market that the SPORT is going after. So, in other words, they need another (cheaper, more mobile) machine and the SPORT could be it.
Thoughts?
Doubts on TITXF being bought out anytime soon.
I have been investing for 25 years but don't recall very many times a medical device company being bought out prior to their first device getting government approval. Obviously, any company that waits for government approval will have to spend more money but they would rather do that than spend all that money and have government not grant approval. Too risky.
2 questions for TITXF followers:
1) What's to stop ISRG from developing a lower cost version of the divinci, designed to address the market the SPORT is going after? Even if they are beat to the market by the SPORT, ISRG's already has a strong presence and name recognition in this market, possibly overshadowing any lead the SPORT might have.
2) What is the difference between TRXC's system and TITXF's system? Just looking for a summary. Yes, I could go study the websites and note the differences, but I just wanted other opinions from the knowledgeable people on this board.
Thank you