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Titan disputes they owe contracted manufacturer anything…
Two months later… Titan settles dispute with contracted manufacturer for $2 million LOL
Guess they were wrong. How long Titan batting ZERO against the world!!
BelizeMe
I sent them a note telling them that everyone looks forward to your fake conference call with QUESTIONS where you have three plants that you allow questions and then say thank you everybody for coming that’s the only questions we have today.
BelizeMe
Is it really pessimistic if I’ve been right all along on the lack of interest in the SP tech by surgeons, lies by management and PPS??
How much lower should it have gone before I chimed in… Just curious… .2 cents or when they close the doors?
BelizeMe
Executives are just dragging this out to collect $300-$400k salaries until money dries up.
BelizeMe
Where is ORnurse? Maybe she’s heard something from one of her sources about what’s really going on and how this is going to be a huge success lol.
BelizeMe
OR Nurse … can you enlighten us when the billion dollar buyout is coming ? You’ve always had such great contacts for information on Titan LOL.
BelizeMe
Meanwhile in real robotic company news Ethicon will be submitting to FDA for the Attava robotic system. Four separate arms that can be used as needed. When not in use they fold under the table.
Geez, can’t believe they didn’t come out with an SP. They must’ve actually talk to some surgeons before wasting hundreds of millions on development.
Funny, nine cents is the lowest I purchased years and years ago. How low can you go? Until the exact have drained every penny in the bank!!
BelizeMe
Ha. I actually thought the same thing. Only difference is instead of 3 to $6B, It’s probably $25M for all IP between the three companies, with no recurring revenue.
If the management was just competent enough to get royalties from the first IP deal, it would’ve set the plate for any other IP deals and brought money in to get them through FDA.
Literally the worst team of management I’ve seen in any company in over 30 years in this industry.
BelizeMe
Down 16% on new undisclosed IP deal. Market LOVES it LOL.
Why not disclose $$ made by Titan??
I look forward to a certain nurses conspiracy theory of why the PPS dropped 16% on deal and what is “really going on”
… Wait for it!!
BelizeMe
If this is the reference
https://ir.titanmedicalinc.com/news-events/press-releases/detail/398/titan-medical-signs-license-agreement-with-auris-health
The non-exclusive deal is sooooo good they don’t say what $ Titan got.
Just more companies picking the bones of the corpse of Titan.
BelizeMe
New? 2019? Clueless … yes
Ah, what happened to the clueless $3-$6 B buyout crew.
Those were the days. Now the same crew get excited with a .15 to .20 rise and ask “is something happening?” Yes, one idiot bought 100 shares at .20 LOL.
BelizeMe
Down 5% something going on LOL
BelizeMe
PPS and “licensing” co says it all.
BelizeMe
Oy vey.
Take off the tin foil hat.
BelizeMe
The $112B company is one of the two large companies that expertly picked the carcass of a dying company with money found under the car mat of their CEO’s Aston Martins.
BelizeMe
What’s hilarious is the person who has gotten it wrong at every step of the way putting down someone who is speaking facts. You were always bringing out bizarre theories and conspiracies of why this mgt. and company was going to have a successful conclusion as it dropped like a rock in PPS. You are wrong about the technology, you are wrong about the market, you are just plain misinformed.
BelizeMe
Look back at Hansen, they got sued for that …. I called that when he was brought on.
When mgt. lied about status too many times and fleeced old and new investor to raise more money enough FINALLY caught on and stopped the cash flow.
Robot has never been reported completed and delivered. Maybe because of cash, maybe still can’t get software to work. There is NO 3 arm working robot that could go to FDA. That was a mirage and Hail Mary to try and have something to show to the 50+ companies they showed this to.
Slow death coming.
BelizeMe
Do tell … I couldn’t listen
BelizeMe
Fizzle
BelizeMe
FIZZLE
BelizeMe
Due diligence by over 50 companies was performed on SP robot. Most likely didn’t take long when researching the market and interviewing key surgeons to find out the lack of interest, lack of capabilities, and most importantly lack of market.
All they had to do was look up the sales of Intuitive SP over the last 7 to 8 years and see the minuscule purchases (2%) of robots and even smaller usage of the robots disposables purchased compared to an MP. The reason for the low usage is because most SP were used by GYN’s which has lower caseloads, i.e. hysterectomies vs. lap Chole’s, and other higher volume General and Uro specialties, etc. All that data that is readily available.
The bottom line is the management of the company didn’t do their own due diligence to determine the market need… And they not only failed miserably at choosing the correct robot, they couldn’t even get it to market with over $250M spent. Any one of these companies could’ve picked it up for 10% of the cost of a standard robot acquisition, and they all passed.
BelizeMe
OR Nurse …. So much for the piggyback FDA … more like sell the pig for bacon bits LOL.
BelizeMe
It was over when they abandoned Multi-Port and went to Single Port.
BelizeMe
Anyone still want to jump in and defend this company and tech?
BelizeMe
Yes, isn’t it great.
The company can select from a myriad of options for approval from the menu:
That is selection FDAPPA or as outlined on this forum, the FDA Piggyback Approval LOL.
BelizeMe
SOMEBODY has no clue how FDA Clearance works with devices, IP, and companies submitting.
I’ll put this down as your 1623rd theory that doesn’t make sense and is based in no facts.
BelizeMe
You are correct, sir.
BelizeMe
Me thinks her “smart guy” isn’t that bright.
It is a ridiculous statement to say that technology must be owned, not licensed, for FDA clearance. That is BS.
And the statement that the robots would be revealed by the companies after FDA Clearance is literally the funniest thing I’ve heard in a while… funny, two weeks ago, OR N - said there was an agreement between Titan and Cambridge, where Cambridge would reveal the robot.
OR N is still looking for the wizard behind the curtain?
BelizeMe
Tell us the ending … got my popcorn
BelizeMe
Show me in one post where I ever told anyone to buy or sell? I just stated my opinions which turned out to be mostly right on the technology and company.
BelizeMe
Oh. Thanks for lesson. I thought it was this board that moved the market lol.
Thanks for posting the worthless Patents over the years …. Boom, Boom!
BelizeMe
You got me. I had a typo.
What’s your excuse for being wrong on everything? Still scooping??
BelizeMe
If Tesla worked on a new car for 10 years, never fully completed it so couldn’t be sold on the market, and nobody expressed any interest so they licensed/sold off assets of the IP for 1% of the amount they put into developing it to two of the largest car makers in the world would that be positive news?
Because that’s exactly what Titan did. They licensed and sold assets of ALL of their IP for 1% of the $250 million they put into developing it ($25 million) between MDT and ISRG.
Don’t listen to us silly kids, listen to the market. Why hasn’t the PPS shot up with these MDT and ISRG licensing/asset deals?? Should easily be over a dollar or 5 dollars? Hasn’t budged from $.21.
BelizeMe
Oh, come on, MDT paid $15.5 BILLION for this amazing robotic technology of the future …. Oh, wait I just read it again it was only 15.5 MILLION total between the previously licensed IP and today’s ??
AZZHATS are DOA … excuse me, they never even arrived or were close to FDA.
In 10 years they could never get the software to work.
BelizeMe
I do kick myself that I didn’t jump out when this went over three dollars for a very short time before crashing back to reality. Other than that, I was just hoping for them to limp along to FDA clearance and jump on the pop from that or a low $ b/o.
BelizeMe
Here we go again. Let’s unpack this with facts:
ISRG licensed (non-exclusive) every piece of IP for $7.5M that MDT didn’t get for $10 million (that is exclusive). It is not protected, however if MDT wanted to also license the components ISRG licensed, why would they pay more than $7.5M?
Answer, they wouldn’t and their is no reason for MDT to acquire Titan. They got everything they wanted for $10 million. They never wanted the Enos platform, they wanted certain IP to integrate into Hugo platform with their software and platform.
Why would MDT, or any company buy a standalone platform that won’t fit into their MP platform (surgeon console) and work off the same instrumentation? They wouldn’t, and apparently this management team is too stupid to understand that or got so far along. It was too late to back out once they started having discussions with other companies.
As far as your statement that Intuitive acquiring Titan would set MDT back 20 years., that is ridiculous. MDT has an exclusive license to all the IP from Titan they wanted. Intuitive acquiring Titan wouldn’t take those exclusive IP rights away from MDT.
BelizeMe
Oh do tell our favorite nurse. I have 100k worthless shares in this train wreck.
Just because I am realistic to the outcome and have called it correct over the last years about both the company and the lack of interest in the surgeon community for this device must be frustrating to someone who changes their theory as the wind blows.
Just last week you said the ISRG deal for a measly 7.5 million upfront payment was leverage. The next day the company announced they met with over 50 potential suitors and they had zero interest.
You have no concrete evidence of anything you say other than it can’t really be this bad… But it is
People need to get off the BS that anyone who tells the sad truth about this are shorting the stock. Nobody comes to this board for actual investment advice and acts on it, so my comments have no relevance to the market… and obviously yours don’t either or it wouldn’t be sitting .20 cents after reading your conspiracy theories about secret behind the scenes plan hasn’t inclined anyone to buy shares lol…
Feel free to go back in the last two years and tell me where I was wrong.
BelizeMe
Fair enough, please lock the doors on the way out
BelizeMe