Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We don't really trade after hours. It's happened a couple times, but 19,000 shares isn't much to validate any significance for tomorrow. I'll take an open @ .46, but it will most likely open a cent or two above/below where we closed today...unless some news comes out
Thought about it some more and I'm fine with this. Not a fan of the timing, but whatever. If you were to tell me a few months ago if I would take 25-30 MIL in cash and above.35 I would jump on it. Financing is NO LONGER the elephant in the room, just a mouse in the room. All that's left for me now is no delays, which there appears to no significant ones at all. Still a huge believer in Mc and pretty sure he knows what he is doing. Hasn't let us down yet.
A little surprised and slightly disappointed. Mainly at the timing. Knew it was coming, but not like this. Can I change my end of year pps projection of .60? With that said I have to believe interest and demand was to great to turn down. If we're able to get another 10-15 MIL were looking at 25-30 MIL in the bank. Much better position for long game but blows short term. I guessing the rock had something to do with this. I also believe Mc will be releasing news, updates, etc to support this decision. For now, I'm leaning on the fact that Mc is not stupid. There is a good reason . I will try to get some clarification in the next couple of days.
Thought we would be much lower since we didn't get any " surprise" game changers. It's kind of a pathetic buy the rumor, sell the news reaction. I'm upping my target to .60+ by year end. Too risky not to be in this stock right now.
Thank you to those who gave call updates yesterday. Appreciate it. Sounded like a very good call. As positive as I was heading into the call, there was a little part of me that thought they could have snuck in a slight delay, or upped the cash needed. Glad to see it didn't happen. The only negative I see at this point is the current date. If we were in 2018 right now we would be at .75+ after that call. Easier to justify a higher price when most of the major milestones will be coming in the same year. I guess the irony is we are really not that far away at all from all of this happening. Once again, what speaks volumes to me is that Mc hasn't jumped at the opportunity to raise at these levels. He is a strategic, conservative, business man. The question for e everyone is why have they not raised yet? We were just at .10 a couple months ago. It's a no brainer. He is not hoping we are a little higher in a few weeks, months to raise . He knows. Not the type of person to risk this getting cut in half and losing this opportunity to raise. Plus the board would be furious. And yes, we will be getting bought out. Zero chance of going alone. Sorry for the grammar, GLTA
Don't see this often, sell the rumor buy the news.
No R/S until 2018. However Mc will talk about it.
Good post Chuflas. Buy the rumor sell the news is a possibility. I'm hoping we get something more then updates on warrants, cash, r/s, etc. Good stuff, but "what have you done for me lately." I do like that Mc is taking questions, and it appears that nothing is off limits. Can't believe I'll be at a conference Monday and Tuesday...GLTA
So are we to believe that Titan has roughly 16mil in cash and cash equivalents?? It states that they had 7 mil at the end of Sept, but in October we had the warrant conversions and surgeon private placement for roughly 9mil. Am I off in my thinking here? Doesn't really matter though. I'm sure Mc will either give an update on Monday, or someone will ask him.
I try to keep things facts based, but it's been hard recently not to be a little more of a propagandist...lol
As most of you know my biggest concern is any type of delay at this point. This was brought up very recently as far as any general delays and the response was basically, we can't ever rule out delays completely. We can't predict what the future will present us. It was more along the lines of a standard answer. I was hoping for the emphatic NO, but 100% agree with there answer.
Also, FDA/CE Mark submission is still confirmed for end of 2018. So even if there was some sort of delay it hasn't affected there FDA timeline.
I'll be at a conference in San Diego on Monday and Tuesday so I won't be able to listen in. Any chance a few good people on here can throw some bullet points out from the call on Monday?
Thanks...
Monday's call will be normal quarterly business, However Mc will be providing updates along several different areas. There is also a question and answer segment. So while this is partly a general call, I'm anticipating a lot of valuable updates/info on many of the questions we kick around here daily. Anyone is allowed on the call, but I'm not sure if Mc will be taking questions only from specific attendees, or from anyone who submits one.
My hope is there is one or two additional announcements (i.e. end supplier, new creative financing, new private placement, partnership, Columbia/S-Bourg update, etc). I honestly have no idea if anything new will be mentioned, but at worst we should be brought up to date on most things.
Not expecting anything bad, but you never know. He could throw a barrage of good info out there to cover a slight delay somewhere else. Again, not expecting this, but don't want to be completely naive.
Mc is aware of total outstanding shares and they are doing there best to minimize this for shareholders. understands the concern from an investors point. Doing the best they can, but no specific cap in mind.
A reverse split is now considered just a tool that Titan has at there disposal. It no longer sounds imminent, but further down the road and at the bottom of there list.
There will be no new sales team hired for quite a while. They are comfortable with starting slow and focusing on the clinical benefits of the technology initially. This confirms my belief that Titan is prepping to be bought out IMHO. They are fully aware of TRXC and the cost of having 100 employees early on and the costs associated with it.
They are getting contacted from sites in the U.S., Europe, and all over the world to be early adopters/"centers of excellence".
I don't necessarily like that the tone of my last few posts have been that of a cheerleader. Just trying to provide beneficial/interesting info, etc. I would say do your own DD, but most of you are already great at that. Monday SHOULD be an informative/clarifying day. If not, feel free to hammer me all you want.
GLTA
GLTA
One last thing, the question was raised recently to the powers that be at Titan if they have spoken with Scotty H or anyone else at VERB.There response was silence and "no comment".
That can be viewed two different ways. Never participated in the VERB partnership conspiracies, but I guarantee they have at least spoken to each other respectfully.
I don't get it either...lol
Should expect to see more videos on SPORT going forward. A slight risk showing competition the Technology, but Mc sees it as a responsibility to the shareholders and as a public company. Much different perspective then our last leader.
I know a couple of you were hoping Mayo was going to be the 3rd site. Even though they weren't, they are slated as a key "early adopter" for SPORT. Dr. Wolfe and Mayo are still very enthusiastic about SPORT. Mc also has very good relationships with a few other doctors and personnel there.
R/S, warrants, even S Bourg and Columbia will be addressed. Should be a GREAT and informative call.
for the record, this is a normal quarterly meeting. However, Mc will be taking questions and they will be addressing MANY subjects.
We pretty much all knew this, but definitely no R/S in 2017. I would guess sometime in Q1, but they are not in a hurry (despite the lure of institutional participation). I actually like this. It shows some concern for us retail folks.
No other private placements at this point. Of course this could change, but nothing in the foreseeable future.
I was curious about any new analyst coverage, but nothing going on in this arena either. Not a big deal. That will come as we get further along in development.
Still looking at 2mil/mo. for the rest of this year, with an increase to 3mil/mo. starting in January. These are estimates, but a best guess at this point.
I'm hoping for more info soon, but we still should hear from Mc in the next week or two. Not sure how much he will divulge, but at least something.
I still believe we get some news on "creative" financing within the next month. He had several private meetings at Rodham, Mc and Randall traveled to Europe together a month or so ago, working and entertaining all different offers coming in. With the recent progress and good news we've made in the past month he can be a little more picky. I said it before, but it speaks volumes that we haven't jumped at a dilutive financing at these levels. I believe Mc wants nothing to do with dilution under .50 now. This is IMHO.
Lastly, let's not forget Mc is still a ways away from being in the $. I believe his options are at $.52 (may be off a cent or two). He is in the prime of his professional life and you can be sure he will be maximizing the reward that awaits him with this little company. He's off to a great start, but it's only the beginning...IMO
GLTA
No change, still looking at mid 2018 for official design freeze. Anything before would be an over deliver...which I would gladly take.
Was a fan of yours BigT until the Dodger fan revelation. Also here in CA (Orange County), but have utter contempt for them. Oh well, at least we can root for Titan together...no hard feelings.
Not trying to be cryptic, just in a hurry.
Hang in there SPORT19, just waiting on something...
...and don't mind if I do, another 25k @ .325...thanks
Very surprised to see people get caught up in this nonsense. It's profit taking, shorts, OTC etc. That's it! We still finish the year .50+. Let me just say the pipeline looks very good. There is a reason Mc and company never jumped at the chance to finance in the .40's...just saying
Mid 2018...hopefully a case of under promise/over deliver.
Thanks for the suggestions all. If anyone has any other questions let me know by tomorrow.
I know today was not very exciting, but I love the consolidation. If we can keep building a new base around here until the next batch of news I'll take it all day long. Stocks do not go straight up. As much as we all know that Titan is still extremely undervalued, a stand off for the next week(s) is not a bad thing at all.
As far as valuation, limiting our market cap because we don't have sales, or FDA approval, etc will not necessarily work for Titan. Remember every day, week, month that passes we are closer to the prospect of a buyout. This likelihood (IMO) will allow Titan a premium that most companies can't justify. The more positive news, updates, surgeon validations, financing solutions, milestones achieved the greater the chance of a partnership or buyout. This will allow for a loftier premium because any day the news could hit the wire, regardless of sales.
Lastly, I will be hitting the well again for the latest info I can get. I have a few inquiries of my own, but does anyone have questions they are looking for answers on? No promises, but I'll do my best.
GLTA
Thanks Quid, although it bothers me when they starting referencing how Titan is up over 100% in the last month, etc, etc. IT NEVER SHOULD HAVE BEEN THAT LOW TO BEGIN WITH.
I have to believe Longtai is feeling pretty good about themselves lately.
Just curious why Mc decided to release this news today. Friday is usually for bad news to be lost in the abyss over the weekend. Why not on Monday when you have a full week to digest? On the other hand, Mc is very strategic, disciplined, etc. There was a reason he did it today. Maybe he wants the news to marinate a little over the weekend and generate some pent up investors Monday morning. Or, was there a chance he wasn't sure how the market would respond and played it safe by releasing on a Friday?
I still think he has a few financing tricks up his sleave. Mid Novembers meeting will be VERY interesting, warrant info, etc.
So you have a dozen or more surgeons investing a couple million dollars and Mc invests 3k when he had the chance. I guarantee the recent news was already in play and he decided to play it extra cautious. He is very by the book. He did not want to raise any red flags with the SEC. For all of us critical of his investment this is the reason...IMO
We have to move forward as a company intending to commercialize on our own. Like someone said, if they get a ridiculous offer along the way, great. If not, there prepared to go it alone. However, I really hope we get bought. I do not want to have to make the decision when to sell. I much prefer McNally make that acquisition price decision for me. Don't want to be plagued by the should of's, could of's.
Lastly, I say we open higher Monday morning, but without news next week we get choppy. You can be assured shorts will jump in at some point (along with profit takers). I'll say it again, if I were smart I would not check anything until next Friday afternoon...nevertheless, I'm not very bright
GLTA
The beauty of all of the positive developments over the past several weeks/months is that it is minimizing the biggest elephant in the room (financing). The further we put .10 in the distance the less "impending major dilution" is used as an excuse not to invest. There was legitimacy in hesitating to drop major $ into Titan when we were at .10 How could one not be spooked. The prospect of diluting at .10 was borderline reality for a brief time.
This recent pps action is giving Titan so many attractive financing options that maybe investors can ditch it as a red flag and just focus on SPORT and the crazy opportunity it presents.
GLTA
Warrants are being exercised per Titan. Again, not sure what amount(s). Could be $500,000 or could be million(s). Regardless, it is happening. We will know details, amount(s), etc mid November during there meeting.
I will agree HC, you were not a fan of Hargrove at all. Even from the beginning. However, there are two things I disagree with you a little on. Regarding a RS, yes historically this has not worked out for many companies. You have stated that you may wait to jump back in until after the pps falls from the R/S. This may be risky as Mc has stated very clearly a few times that he is very aware of this risk and plans to support the pps with news, updates, announcements, etc. If the pps falls immediately after (within days) I will be buying. I would not want to be out of the stock after the R/S. A steady news stream should follow after.
Second, I'm not worried about Senhance sales. This market is huge and growing just as fast. If were a year or two behind there is still plenty of market share to gain. This is not panic time. Titan doesn't need to change there game plan and adjust there plans earlier. Were not going to be late to the game. If it's another 5+ years from now, then that's a different story. If Mc is very happy with TRXC right now, then I have no reason not to be.
Regardless, I don't believe we make it to market anyway. We'll be bought somewhere along the way.
All IMHO...
Just a reminder, McNally has stated on several occasions his hopes that TRXC succeeds. "It would only help and make Titans path forward easier". Also, he has a very friendly relationship with the head honchos over at TRXC. Just saying...
Intuitive is down 6% AH. I bet there scared to death over at ISRG with Senhance approved now...lol
This is very good news for Titan...
No idea, other than we will see updates/announcements before year end. With that being said, I believe they would like to report something sooner than later for financing purposes. It is no secret they want pps as high as possible before the next round (creative or not). Could be Monday, November, December...
FDA/CE submission is scheduled for Q4 of 2018. They are expecting/hoping approval around 6 months after. However, they fully understand the delays, etc that can occur during this process. Assuming it happens around 6 months that puts us at middle of 2019 to sell. Now I do not know if the 12 unit projection is for the rest of 2019 (6 months), or a full 12 month cycle into 2020...and yes, I believe this crew is all about under promising, over delivering.
Titan's goal is to sell 12 units within that first year of commercialization...
CUIN, sorry for the delayed response. I don't have PM access, but randomly checked it yesterday. I think you have a very reasoned approach to the other company. I hope it works out to where you will be a staple over there again. By the way, you still a believer in TLTFF? I don't have a ton, but I'm still in...
I knew there was good people on this forum...