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This stock is going absolutely no where for the next 15 months and then and only then, when they announce FDA approval. Because investors are tired of the BS time lines. If you dig back far enough all the way back to Amadeus you will see absolutely nothing has changed in the empty promise department. Don't get me wrong, a lot has changed and I still, maybe foolishly, have faith in the company. Obviously others do too considering the crazy amounts of money going into this.
Annnnnd ...........
It's gone. Please step aside.
It's India .... not telling the truth is expected. Almost socially acceptable I think. Odd culture. Same place they lock employees inside the building as it burns and tell them to keep working. Scary part ..... is they possess atomic weapons. What a world.
Yes ...it's about software but it is also about a platform. They've said they will have one. Will it be SPORT ?
Great question and yes .... perplexing. Haven't come up with a reasonable explination to that question. Why they don't simply tell the world who they've actually partnered up with and be up front with it, is .... in itself ... confusing. As always, more questions than answers.
I just believe with all certainty in the SPORT system and what it brings right here and now for todays market. I believe in Dr. Fowler, his accomplishments, and his commitment to the work he does. This will be his "legacy" as he's approaching the later years of his life. I believe he's in this to make a real difference in the world by helping to contribute to better outcomes for patients and doctors alike. Going forward with that belief I just can't imagine Verb not taking notice and wanting to run with it. The fact that Scott was there and in meeting with Fowler leaves me with but one conclusion. Fowler is exactly the kind of person they are looking for to move forward into the future. I can't fill in all the cracks .... but my intuition tells me I'm right and I'm sticking to it !! ( lol )
I don't believe so. The obvious answer is we showed up at SAGES with something beyond what anyone had imagined. If you comb over what Verb Surgicals modus operandi is you can only come to one conclusion, only because Titan Medical totally and completely fits the bill of goods. We all looked at what the other guys had and all asked ourselves ( WTF ). To no ones suprise it was rejected by the FDA. The new FDA guidelines simply add man hours of step by step documentation which adds tremedously to the cost.
We have a new partner because what we have is the cats meow. It's an advanced surgical system that will represent as SPORT 1.0 with what ever additions and improvements the teams believe they can pull off in the next 8 months.
Ethicon is our partner, (This new partner brings a proven track record of quality and reliability with highly complex medical device products per all the required global standards.
The firm is the largest OEM for one of the largest US medical device companies ), JnJ is the largest US medical device company.
And Scotty came by to bring it all together into Verb Surgical.
It's so obvious. A lot of us just can't believe it. Well ... I say .... BELIEVE IT.
If I'm wrong ... I'll eat crow. Just watch what happens over the next 6 to 18 months.
Darn .... I hate to say this ... .but I like the unclarity. I kind of wanted another investment to come in shorty and then buy another 60K shares of Titan before the cat is let out of the bag.
They are not going to tell you any more than what they have, no matter how clever you make the question. The money would be better spent on a private eye. If you wanted real answers.
I think I'll see you all in 12 to 18 months from now. Be safe everyone ....and good luck to all. For the record ....we'll eventually be apart of Verb Surgical ....Imho.
I'm very very happy .... for the first time they laid out a clear and precise plan of what is going to happen and they've spelled it out in advance. Another words, it didn't get dropped on us like a nuclear bomb.
Yes everything gets pushed forward a bit .. but now it's with precision and with a "world leading" OEM manufacturer. This is going BIGTIME. As disappointing as it might "feel" ... it's no where near compared to what happened the last time and I tell you this ... if the pps goes down .... take the opportunity to buy everything you can. Wow .... I'm pumped.
I didn't read anything into what Hargrove said in respect to answering the Verb/JnJ question.
This says it all :
"Titan announced today that has signed a manufacturing and supply agreement with an established third party contract manufacturing firm. The firm has a strong manufacturing base in the US and an extensive global reach and service infrastructure, including a well-established worldwide network of suppliers. This new partner brings a proven track record of quality and reliability with highly complex medical device products per all the required global standards. The firm is the largest OEM for one of the largest US medical device companies, and its clients include very large medical device companies as well as smaller, early stage companies."
Agreed
What about SRI .... they were a big part of DaVinci and have been around since the 40's .....do they manufacture ?
No .....your right ....it's a good read of body language. As many of us know ....so many more things are said in what's not said than what is. Those that understand that ....get it. As usual I'm behind everyone because of my hours ....how can one listen to the replay of the audio ?
Ya but .... it's really is spot on and true. And we are all crazy. You just can't refute that. But were in the top 3 of not going to zero ...... it's best you can hope for in this sector !!
Nice catch .... great promo video from a respected organization. Hope the message gets out there ! Thanks for that ST
It's super simple. I too was "lucky" enough to buy in at .46 cents in November of 2013. The milestones were solid and on track to November of 2014 when we were to start commercialization. They told us we were on track right up to the very last minute and it rallied all the way up to 2.70 and settled in at 2.40. Then they dropped the bomb and told us it was back to the drawing board for more indications. Which .. makes sence to everyone .... but I still say that's certainly something they should have realized 2 years earlier like back in 2012. And we bottomed out. A year goes by and silly me ... I bought more at 1.36.
Everything you say is true. BUT .... this type of development requires crazy scary amounts of money to get to market and they have to keep going to the shelf. Everyone has learned their lesson.
Why would you even buy now ... know we still need more money and the share price will be cut by 30% everytime it happens. What baffles me is going to the shelf 3 times in like a 100 days instead of just once is beyond me. Don't be going to the shelf weeks before warrents come into play and feed off of good news such as the longtia deal. BUT ... as I've said before .. the fact they keep finding someone to keep throwing money into the money pit is ... in itself ... a major accomplishment. Keeps the doors open and the project moving forward despite all our crying in our beer.
Is it insanely undervalued .... for real it is. Specially if you understand what we have right here and right now. If they could somehow come up with enough money to last them through CE ... FDA and into commercialzation we would easily be in the 4 to 5 dollar range, and once FDA approval is completed .... I'd venture to guess into the 10 dollar range and beyond once their is actual sales. As it stands now ... we're looking at probably another 2 years of dreaming unless we get an offer from one of the big boys.
Over the next 3 to 5 years we could be into the 40 to 100 dollar range if all goes as planned. I doubt I'll be around for that. Pretty sure I'll be out by the end of 2017.
Slightly odd and a bit creepy
Appreciate the comments. My hearts desire is the 2016 / 2017 GT350. We'll see if it happens. Glta.
Yup .... a head scratcher.
I watched all day ....but somehow I missed the lesson. Is it just me ?
Well .... tomorrows the 10th. So we will see ... won't we.
It was JMAC adding to the conversation that he is still expecting this "other news" that hasn't been released yet ... but don't quote him cause it sucks when you get "punished" when the news doesn't show up as expected. And we were commenting about hoping / curioius about what the news was ...... it wasn't much. Just some teasing and hoping for the best in our investment !!
Agreed. Turning blue from holding my breath.
I can no longer imagine what will move this stock anymore. Very disappointing watching it slowly lose value and die a slow death. When they lost momentum .... they truly lost momentum. Unreal.
Well ....... impressive. JH stumbled a few times, but he did much much better in his presentation than in the past. Good effort and appropriate for the responsibility. Guarantee you he's been working on his public speaking. That makes me happy.
Fowler was flawless as per usual and he's still my hero. Glad he used the "more intuitive than intuative" line .. he he.
It gave me goose-bumps again listening to the presentation. The roof is going to blow off of this thing and yet I'm still cautous only because I can't believe it hasn't already.
The business model looks really really good.
End of the day .... lets so who steps up to the plate.
Show me the money !!
Thank you ST ....I have it disabled for the phone so it doesn't have to reload everytime I refresh. And the app sucks Imho.
How does one watch it again ....I wasn't able to be there and would like to watch it tonight when I get home at midnight
For all the complaining I do .... I have to agree with you whole heartedly. In the grand scheme they've done a remarkable job. My two greatest "complaints" was the failure to foresee the required indications at least 2 or 3 years prior to when they did. And that worries me. They didn't communicate that until it was far far too late and it left a matter of trust on the table. And finally, with some fore-thought they certainly could have gone to the shelf in slightly different time-tables to maximize further capital coming in from warrents.
That all said .... it's so easy being an armchair critic and all your points are extremely valid and I appreciate your imput.
April 15/16 - two weeks ago.
Hey Bobby ....you have to follow the link on a computer, it takes you to some goofy page if it recognizes a mobile device. Weird.
I found a site that lists the Largest Short Position Decreases and shows Titan Medical ( for verification ).
Scroll down to the third box and Titan is second from the top.
Hope that helps
http://www.financialpost.com/markets/data/market-short_pos.html
Somethings going on .... HUGE drop on shorts. They've gone running for the hills. Over 6 M shorts have disappeared. The smart money knows something ... next week will be interesting.
Titan Medical Inc com TMD 579,600 6,779,166 -6,199,566
Have a great weekend everyone.
Agreed .... if it's substantial they are sitting on it for after the conference in Toronto. That way BloomBurton also gets some street cred. Responsible partnerships patting each other on the back. One can only hope its JnJ / Verb. Hmmmmmmmm. We shall see.
All of the above with a little bit of the face feeding.
There is no question how great this is going to be, it's just been a long suffering road that didn't need to be IMHO. Had they put a little for-thought into the timing of going to the shelf, we'd be sitting at 2 or 3 bucks. If we didn't have to keep dipping into the shelf as often as we have we'd be at 4 or 5 bucks. But alas ... it hasn't been executed like that, and shareholders with warrents have been taking a sever beating. And those that are long, have to suffer through these period of less than a dollar. All the while knowing we have the absolute best surgical robot in the world ready for market in the very very near future. Just gotta shake your head and ask "how is that possible".
Very good question, specially since they indicated they were "excited" about it. Guess we're about to find out. But we've been let down so many times now it's hard to stay even conservatively optimistic. I shake my head every day that we're not over 3 bucks already. Based on that I've given up on guessing.
Almost zero thought went into that valuation. How about the half a billion spent on R&D, the 10 years of development, the patents and the good will. At this point, more like 3 billion ... minimum ... divided by outstanding shares. Once FDA is in play (weeks from now ... you can add even more to the valuation .... so ......
The years of development you'd save in time values and then the ability to go to market in less than a year.
So, your 40% on .90 cents is not even close. That was as helpful as your tip.
JH has no honor / face ... guaranteed he stand up and deliver a speach that says how terrific this investment has been since 2015 when it was .46 cents Canadian and how they've achieved a 100 % return over the last 30 months. Taking bets.
The only one I question is JH ......... this is pretty much R's brain child from the beginning, he brings more than we know or understand. As does Fowler. If we lost Fowler or Reiza I would be very very concerned. Reiza will become more and more relavent as time goes on and we progress into "tele-surgery".
You have to understand its the nature of the beast raising money like this. Despite the dismal share price, it's quite an accomplishment to have raised this much money for the development of the SPORT. Borrowing money leaves you to the vultures and shareholders are ALWAYS last in line. Look at what happened to Imris for a perfect example.
What they could have done much much better was to have timed the shelf offerings much much more strategically.
A 12 year old that can play a game of monopoly could have planned it better.
You nailed it right on the head. It's as simple as that. No more, no less.