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Possible. Some of these big corps. will wonder where to park there new found windfall. If nothing else, the current business/economic environment is ripe for big, small, and even little old Toronto based pre-revenue company's to thrive. No excuses Mc.
Just to clarify Titan's trip to SF. They were not an official presenter on the conference agenda. However, there were presentations going on outside of the conference not affiliated with JP. Titan was either doing this, or having a few face to face meetings. And this is why no PR.
Love sandy beach. Come out to socal and we'll hit the wedge. Plenty of other bones to break there.
No pressure McNally, but you got a lot of friendly investors from across the country counting on you to deliver. We really want this Vegas thing to happen...
Agree that staying on our timeline is CRITICAL. Mc and Co. is VERY well aware of this. However you never know if he gets a wild hair and the ghost of Hargrove past appears. Don't think so as he is very disciplined. Just hope these Docs comments stay in the suggestion box until 1.0 is launched.
IMO Hargrove and Fowler tried to accommodate every suggestion/improvement. Hence, the delays and sitting here in 2018 with no product to sell yet. On the plus side, the end result is a pretty sweet surgeon specific system.
Thanks Quid! Very detailed, expert eval of SPORT. I would be very curious to get our doctor friends opinion of the piece. I don't like hearing a few suggested improvements (delays), but it doesn't sound like anything major. Frankly, it seems like something to "improve" in SPORT 2.0.
People are making money elsewhere. Investors are fine "missing out" on some early gains knowing they can jump in later on the uptrend at .35, .40, .50...Why park your money in an investment making 0%, when you can be making 5-30% in the market right now.
Mc wants this pps up fast as well. We want appreciation, he wants the warrant money. The quicker we rise the quicker were off this crap exchange. He knows this full well. He also has 8 million other reasons for this thing to take off.
I'm not expecting any blockbuster news this month, but some teasers would be nice. I'll be surprised and frustrated if were still hovering down here in mid to late Jan.
JP Morgan next week.
GLTA
Just for clarification, I used the word baffled. Mc and co. are not concerned where we settled after the raise. The question was asked if they were surprised or concerned being .10 lower then the raise price and it was basically eh, maybe a little lower than we thought. I chose to use the word baffled after this response. Should all be a moot point in the coming weeks, months...
GLTA
I appreciate your thinking Quid. It's perfectly healthy to consider the other side of the coin (risks, etc.) I was telling Long and BigT that I'm occasionally nagged by the thought of "if it sounds to good to be true it usually is."
We discussed a few and the biggest risk we came up with is trouble with the FDA. There a fickle bunch, but love em or hate em ISRG has paved the way to help navigate the FDA process. Genova and Jensen are known quantities and have proven themselves in the past with regulatory. Mc is smart in that he brought on board colleagues he's had success with and trusts. I still think a few unknowns might hit us at some point, but nothing more than a couple speed bumps.
The only way Mc leaves Titan is if the writing is on the wall for SPORT failing. In which case, our investment is screwed either way (whether he stays or leaves). He is not going anywhere if we continue to move forward and make progress. There is no other "legit" opportunity out there for him with this type of potential (in this short amount of time). Ironically, he came in at a good time. He didn't have to develop this thing from scratch. Yes, there were funding, development issues, etc, but he got thrown into the cockpit mid-flight to help navigate some turbulence. This is not to downplay his role or what he's accomplished. He is a stud and not sure many others could have been as efficient and successful in there first year. He has been very complimentary of the accomplishments of the Titan folks that got SPORT to where it was when he got here.
Lastly, I told Long and BigT there is a part of me that wants to mortgage the house for this investment. All the signs are there for a once in a lifetime opportunity. It wouldn't be wise and would never do it. However, I hope when this thing plays out I end up kicking myself for not doing it.
Samsung has been pretty quiet lately. I wonder what there up to. I can't believe they've given up. They have a ton of $.
I might be missing something, but does anyone have any more details on cadaver studies? The 3 COE are equipped to handle them, but I have no idea when, completion date, etc. Can't find it in the Corp Pres. or Sedar. Also, I think BigT brought this up but what about live patient evaluations, surgeries, etc? Has that been discussed? I assume it's a requirement before launch.
I believe Mc is just baffled a little at where the PPS settled post raise. He's not concerned because there was no concerted effort/plan going into the end of the year. It is what it is and there just happened to be more sellers then buyers since the raise. the recent downward trickle has nothing to do with substance. Maybe people are selling and throwing money into bitcoin...
The good thing is Mc wants warrants exercised as soon, and as much possible. He would like the entire 40 mil generated through warrants. Hence, they really will want pps up and soon. Not sure what big catalysts we have in Q1 or even Q2 to accomplish this. I'm assuming we get alot of smaller PR's, updates, videos, etc with maybe a big surprise or two (partnership, end effector, etc). IMO we hover around .40 by February 1st, and .60 by end of Q1 early Q2. Could be wishful thinking, but the market can't ignore the progress, potential, and opportunity of SPORT forever.
Mid 2018 is where the fun should start with design freeze, FDA sub, and throw in cadaver studies somewhere in there. If we do not get enough from warrants we will most likely see another raise. Hopefully we will be at .70 cents then and need only 10 mil. The hit won't be bad and with FDA sub around the same time any decrease will be short lived. It is also possible we get another private placement or two, partnership $, JP Morgan cuts us a check...
Certainly there are no guarantees here. Many of us have already experienced that with Amadeus. I'm sure we get thrown a couple more curve balls, but expecting Mc to have another successful year by the end. His first year with Titan, and his resume give me zero reason to believe he can't pull this off. GLTA and JMHO...
Perfect...so no more questions about Patel's involvement, support for Titan people. Hoping/assuming one of the next videos released by Titan will be of him in action.
News to me. Haven't heard a peep out of him. Silent enough to have many question if he's involved with Titan at all any more.
It's been stated several times that Mc and co. are fully aware of the pitfalls of a R/S. When they do end up doing it, expect a cluster of news, updates, etc immediately following. PPs support after a R/S is already discussed.
Hope everyone had a great Christmas. Just to piggyback what BigT alluded to here are a few updates. Nothing earth shattering, but a couple interesting tidbits:
- Dr. Patel has seen SPORT and was very impressed. Still engaged with Titan and will make public his opinion on SPORT at some point.
- Most probably know this, but after recent raise we still need 40 mil to get into commercial launch. Titan would love to get most or all of this through warrants, however there are NO guarantees.
- Titan is attending JP Morgan conference in January in California. Hopefully Mc has some side meetings set up like Rodman Conf.
-Titan views ISRG as there biggest threat/competitor. When asked why they haven't released SP yet they said ISRG is very smart and patient. No need to eat into there own business right now. Titan is fully aware of other competitors and not a threat at all. They don't mind if other systems get out there to validate the market even more...even TRXC. Aware of Microbot as well, but apples and oranges to SPORT.
- All 3 centers of excellence are set up to do cadaver studies, however no more info as to when, who, etc.
- Mc was in Toronto last week. Titan was finalizing internal plan for upcoming year.
- Worldwide End effector company is still not public. Both companies still in agreement against releasing right now. Doesn't sound weird or shady, they just don't want to at this point.
- The podcast comment about any delay or future delay is/was misconstrued. Mc was NOT alluding to any delay. Although Titan cannot guarantee factors down the road, etc, etc.
- Titan will be releasing more videos of SPORT in action. IMO this will be sooner than later. Mc recently saw SPORT in action himself and was blown away.
- Not looking into any VC money. To predatory for a company like Titan.
- Still no hurry on R/S. IMO end of Q1 or early Q2
- They seemed a little puzzled (not concerned) about pps level much lower than raise price. Not sure what to attribute to and can't see who the sellers are at this point. Weak volume and simply just needed more buyers.
- Mc and team are VERY pumped for 2018 (actual quote).
- Lastly, overall felt for the first time they really want to go it alone. Mc and company would love to go head to head against ISRG (another quote). Of course they have to come across this way. Until they publicly state they are positioning Titan to be sold they have to move forward as if going it alone. I still believe we will be bought out (based mainly on Mc's track record), was 90/10 on being sold, now about 70/30.
GLTA
Had a great lunch with BigT today. Solid dude and a very smart investor. Between his own DD and investment background were fortunate to have him on our side. I know it's natural to question posters on a random penny stock board, but I think we were both pleasantly surprised at how "normal" we were. I think he can also now vouch for my dealings with Titans top brass.
Sounds good, thanks for the update BigT
Yep, that works
Sounds good. Random request, but bring some ear buds if you have them.
June or July
Javiers @ 11:30 works. Any idea what you'll be wearing?
You still up for lunch tomorrow BigT?
EIT mentioned 50 day last week, I think that has a lot to do with where we are. Throw in a bunch of recent dilution and this is what you get.
It must be a bummer for those dozen or so surgeons who recently invested a few million collectively. How quickly Titan's development, progress, etc has changed since signing there NDA a couple months ago...sarc
Let me clarify, they get calls, emails etc ranging from a hey when SPORT is approved we want one, to a more formal request of getting put on a list. This happens quite a bit according to them. Everything from casual interest to a more formal request. But yes, I don't know why or if people are submitting actual PO's (I wouldn't think so).
I'm confidant IF everything moves forward as planned they will not have any trouble at all selling there projected number of initial units. They will probably be back ordered in about 3 minutes of release.
You are right 66, and I can confirm that have and continue to receive PO requests for SPORT. However, I do not know exactly how many or from who, etc. I just know it's multiple. Obviously it's not for sell yet, but people want to be on the list.
Come join us invest.
Sure, I work about 10 minutes from the spectrum. Let me know.
It's interesting how the last several days the pps shoots up as one of the last trades of the day. Just odd to me.
Just to clarify, I'm not trying to justify or promote all of there warrant action. Just an explanation as to why...
Mc and company LOVE warrants. They want everyone to exercise as much as possible. One of the main reasons is they are already paid for. Also, it's an easy way to raise money. As long as PPS drifts upward.
I'm guessing they attached warrants to the recent offering because of this. However, they are very mindful of O/S, dilution, etc. IMO they are just playing the best hand they got.
I believe the best near term catalyst for Titan will be 1/1/18. S-Bourg installation, announcement of the closing, etc will be fine, but probably not needle movers as some have stated on here. As of January 1st 2018, Titan will finally be able to say official design freeze this year, FDA/CE submission this year, VERB partnership this year...J/K
Give me one good argument why you wouldn't want to be in TITXF at that point? IMHO
I say 10-1 occurring at the end of Q1 beginning of Q2. My guess is we'll be around .60/.70 at that time. This will put us around 6 or 7 and a decent cushion to keep us above 4 for duration requirement...IMHO
Were going to Nashua. However, probably not looking until May or June now. Either way will let you know dates when I have them.
As for tomorrow and another offering. I was told and I quote, "No, there is no additional raise scheduled for 11/30." I guess the operative word here is "scheduled". Maybe there wasn't anything scheduled for 11/30, but again, they could say demand was very high and we took advantage last minute. Either way, I'm sticking with no way on a new raise. Renaissance can have at it tomorrow if I'm wrong.
Let me apologize to HC. I meant to ask why they added new warrants to the recent raise. If demand was so high new warrants seems unnecessary. Next time.
For the record, I do not know Mc, Barker, Genova personally, nor have I ever met them. It's purely professional. Also, they DO NOT provide any inside info. Most of what is provided is either public or already know. However, my goal each time is to pry a little more and get a little more detail and emotion then a generic statement in a press release, website, SEDAR, etc.
GLTA
Love Laguna...One of these times your in town we can get a drink at Roof Top.
Just for fun, can you give me an example or two of my fabricated post(s)? Also, can't remember you ever calling me out on said "lies".
It's pretty simple at this point. Most of us have been on here long enough to know each person, and where they stand (i.e. fact finder, eternal optimist, glass half empty, warranty/dilution expert, etc, etc). Most of us have proven our credibility to a certain extent, or which ones to take with a grain of salt.
In the end, you are right on one thing. This is an anonymous penny stock forum board. Take everything for what it's worth. However I will say that most on here provide valuable info, perspectives, expertise, etc that contribute to our investment in Titan.
If anyone lives in Orange County, CA I would be happy to provide my proof of having a direct line. If not, I'm hoping to catch up with 66 and Rebster in New Hampshire for a drink next year as I will be visiting family. Maybe we can do a conference call.
As always, GLTA
SEDI, the website, etc. Should be in one of those. Regarding current pps, we have to remember they just raised a boat load of money (for a company the size of Titan). Pps will reflect accordingly short term. I don't think it's unreasonable to have raised 23 MIL and be at .30. Again, a few months ago I would have said there is no way that is possible. Now if we start messing around in the .20's for a while then I will be surprised and frustrated.
No additional raise scheduled for 11/30. 23 mil CDN was raised per public info. Announcements will be made per the normal process. Ontario is in control of this and just following the normal legal process. Bloom burton gave us much more favorable terms this time around, per Mc. Very high demand for the recent raise. Mc is not a fan of small raises every other month. Very pleased to get a nice chunk out of the way and not have to worry about it for a while. Enough cash to at least get them through Q2 of next year. Not willing to say how much into Q3 they have.
Titan is extremely excited to continually have the enthusiastic support of Dr. Advincula. Mc appreciates his no nonsense, tell it like it is style. some on here were a little critical of his quote not being enthusiastic enough. It's not his style at all. World renowned and VERY well respected and connected.
No new tech applications being suggested at Columbia. Hence, no delay in timeline. Surgeon feedback is valued greatly, but Mc is on the fast track.
Sticking to Q4 timeline of Strasbourg installation, etc. Mc is aware were down to 30 days, but still planning on it being completed within this timeframe.
Fowler is not officially connected to Titan anymore, but still has an interest in Titan succeeding. Sounds like he offers his advice and expertise unofficially.
Mc is not concerned with recent pps movement. does not appear to be related to anything (news, etc). IMO, the pps is still digesting the recent raises.
GLTA
During the Fowler years we worked hand in glove with the FDA. However, since Mc took over the FDA has been on the back burner. More pressing needs to focus on this past year. With that said, the FDA IS back in the picture now (only recently) and we are/and will be coordinating with them along the way. I believe Genova is heading this up.
Mc has said they will not be creating a sales force any time soon. Even as we get close to commercialization. Relying on centers of excellence and content with selling 12 units initially. Again, more evidence that we never make it there and get bought out along the way...imo