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I am very familar with Applied. A few friends of mine have worked for them. My understanding is that upper mgmt (Said, Nabil, etc) are not the greatest to work for and the environment is always tense. However they have a good product and it is reasonable. It's an engineered run company. Everybody from top to bottom is an engineer...talented one's at that.
Another thing my conversation confirmed is that the medical community is a very small world. Many of us on here who work in healthcare already knows this, but hearing the backgrounds of Fowler and Hargrove is pretty amazing. They know EVERYONE. I didn't get much on Reiza.
I'm with many on here who are critical of JH and the IR strategy, but one thing he does bring is his contacts, networking, etc. Fowler too. I'm all for bringing in a young whipper snapper to get us moving, but in my opinion the veterans are just as valuable if not more so. But don't get me wrong, we do need to keep these guys feet to the fire.
GLTA
I found out that an executive at the company I work for is an old acquantance of someone at Titan. I spoke with my executive about Titan and other things. He wasn't privy to too much, but did know about the change. Also found out that Fowler is on the board of Applied Medical. This is an MIS company that has been around for years. They found there niche with trocars and I believe there a small percentage owner in Cardica (staplers).
Just info like that...
You are correct ORrep. For what it is worth Randall confirmed that at the END of Q1 there will be significant milestone update. He seemed genuinely excited about this.
Someone on here (can't remember who) recently mentioned they will be talking to Randall this week. If you do, bring it up again and see what details you can get from him.
Good luck to those who sold, and are hoping to get back in at a later date. Can't blame you if it makes you sleep better at night. Personally, I think 2015 is going to be alot better then we all expect. Expectations are ridiculously low right now (for pretty good reason). Any positive developments should get us back to a respectable level...and quickly.
One last thing, I found out that Titan knew about the changes at least a year before the recent announcement (The FDA was one of those strongly suggesting the change). Some may be pissed they knew all along and didn't say anything. That's fine, but realize they have been working now on multiple applications for over a year. They didn't just start in November after the announcement.
The timeline is a joke, and I expect things to happen sooner then we all expect.
All IMHO
You make some good points Honey. I may have missed something, but how do we know they are in NYC for two weeks meeting with these folks?
If it's true, the timing of all there purchases is interesting. However, as mgmt they are only given a small window to purchase stock throughout the year. In either case, the recent buys ARE very significant for many reasons many have already noted on here.
I liked CUIN's idea of having option incentives in the $2.50 range for a vote of confidence. However, this is much better. Seeing there own bank account get debited a large chunk of money is more effective, personal and motivational then anything else.
As others have noted CUIN, it was sarcasm. Just wondering how long Points journey to the other realm will be this time.
Didn't he say he was going to wait until the Monday after thanksgiving weekend to release his SA article?
Who is Pointofreturn?? Never heard of him...
CUIN - It's not often you get a PR or a quote with "fascinating" in it. Anxious to see how this all plays out.
Nice close by the way. At this rate, Titan and Theralase will be crossing paths...lol
I agree CPT. I'm actually pleasantly surprised with the price action the past few days. I was hoping for higher highs, but the fact that it is treading water here in the high .30's is a good sign. Of course all this could change in a heartbeat, but I'll take it for now.
I'm all in and not going anywhere on Titan as well. Nice to see Fowler pick up a decent chunk. The recent buys by Hargrove, Reiza, Fowler, Wolfe have not impressed the street, but it gives me a little more confidence.
GLTY
I completely understand. I just have some info on another company that you follow that I would prefer not to post on a public forum. It's not inside info or anything, but interesting nonetheless. It's nothing urgent, but I am hoping to get more info over the next month or so. If it becomes VERY interesting I will pay the $20 and send you a pm.
Hoping for a close above .45 tomorrow...
Can't argue with 'Stormin Norman'.
By the way, I want to pass on something interesting to you. It's not about TLTFF, but I prefer to do do it via private email. I don't subscribe to $10/mo deal here, but if your comfortaable do you have a general email address you can pass along to my Ihub private mailbox?
If not, I understand...
It's sad that this little guy is more interesting and exciting to follow then Titan these days. I think Hargrove et al could learn a thing or two about IR if they paid attention over here.
The rest of the week should be interesting. Do we break through the ceiling in the high .40's, or is it still a traders game.
2015 should be fun. I wish I had more shares. Oh well, at least I'm in.
Thanks Master and CUIN. I couldn't find there burn rate...that helps alot. I do remember seeing the .50 cent executive option. I know you like this and your right CUIN, Titan mgmt should consider such an idea.
GLTA
Hey CUIN - Titan is a bore once again. Do you know off hand what Theralase's financial situation looks like? Should we anticipate a dilution in the future?
Any info would be appreciated.
It seems there incessant need for silence is bordering now on paranoia. I laughed when Randall told me that they feel like there is too much info out there already. I 100% believe they all feel this way now. They can't even release the recent video clip as a public update.
I don't know if someone planted this fear in them a while back. You have to keep EVERYTHING at your side, or you will lose the competitve edge. Maybe it's for legal reasons. It's anyone's guess at this point.
I can't help but keep thinking they are going to get bought out. The silence, the timeline extension (doesn't make sense for that long), the recent additions of mult apps (CUIN is right, this increased the value by 2-3 times).
I'm no conspiracist (sp?), but I'm starting to think they have someone out there who is willing to buy them. They agreed to give Titan a couple more years to advance SPORT. Titan wants a certain pps (say around 15) and the acquiring company is letting them continue to work on it and move forward until the value of the system validates the predetermined buyout price...how about that one...lol
I do really think a buyout is a good possibility at some point. However, what's most important in the near term is the milestone update at the end of Q1. If that gets delayed or is unimpressive there will be hell to pay. It will also be disappointing to not get any type of nugget from Titan before then.
GLTA...
Point - Somehow I missed your post on your conversation with Fowler and Hargrove. Great questions... Do you have an idea when your article will post?
Elcaribes - I agree with TITXF being oversold. Seeing that RSI dip below 30 has me chomping at the bit, but this bearish environment has me thinking there are still a few leaves on the tree.
GLTA
Were on the same page CUIN. I was already planning to send him the video. I wish it would have been out earlier today. I already sent him a follow up email this morning. I will send it on Friday.
Don't forget CUIN, "A Duke has been sitting on this exchange since it was founded."
Cheers...
I don't see it anywhere either Point. Have you talked to Fowler yet? If not, I would suggest they make it a formal PR.
Good luck...
I don't see it anywhere either Point. Have you talked to Fowler yet? If not, I would suggest they make it a formal PR.
Good luck...
TITXF active in after hours trading! Although it's not up very much, it's the most trades I've seen after hours for them. Looks like mainly small trades...from serfs like us.
Adrock - I intially agreed with you about the timing of this. Why not release this video as a PR accompanied by Point's article on Monday for maximum impact.
Maybe, like many have said already, they want people talking about it over Thanksgiving. You get a lot people together, guys watching football, drinking and talking politics and stock tips.
Maybe they have an IR strategy after all...
GLTA and Happy Thanksgiving
So I emailed Dr. David Samadi. He works at Lennox Hill in NY specializing in robotics. He also does a show called Housecall on Fox News on Sundays. I emailed him about the future of robotics, the affect of the ACA on robotics, and a Canadian competitor to ISRG. I wasn't expecting a response, but this is his entire response:
"Thank you. Yes I know Titan. Has not panned out to be clinically significant"
He didn't answer any of my other questions, except the one on Titan. Not much to work with here, but I think this reaffirms there decision to delay and add applications. A one trick pony is not "clinically significant". Multiple applications on the other hand...
I'm going to email him back to see what else I can get from him.
Also, bought more today.
GLTA
Point - you mentioned that you were hoping to have the article up later this week. As much as I am curious to read it, I think releasing it next week would have more of an impact (if there is going to be any).
It's Thanksgiving week and too many people are either on vacation or not paying attention. Plus the markets are closed Thursday and 1/2 Friday (I think).
Just a thought...
Just for kicks I think you should sneak in the article that Hargrove and mgmt is hoping to sell the company for $25 in 2015. Although, with our luck it still would go down after the news.
Hey Slick, any luck with Hargrove today??
Thanks Point. One of the main questions that comes up for me is 2015. It looks like 2015 is going to be a snooze. Aside of what Randall told me about the milestone announcement at the end of Q1, what's the point in owning the stock at least during 2015. I'm not selling, I have no plans on selling, but these CD rates are looking better and better.
Thanks again, and look forward to your article and updates.
Great point CUIN regarding the legal aspects of the extended timeline delay. I hadn't thought of that.
And just to confirm, Randall did tell me Bertner's main job is bringing in institutional folks. He was very clear about this and the main reason she is working behind the scenes.
I've never seen a bigger fraud then Turdstein. He's still pissed at the world even with Ahn gone. I wish I can see his face in about a month or two.
IET touched on this before, but $1.60 is going to be very tough to get through...particularly with no news. The volume already today suggests it triggered the frenzy of shorts and traders.
Since the dust has mostly settled $1.50 may be the new mark going forward. The new extended timeline discounted the pps about .50 cents. It's clear more people care about time then increased product/company value. Which I can't really blame them, especially with the prospect of more silence for months at a time.
I emailed Randall about a week ago. This was after the two productive calls we had. I asked him about 6-7 follow up questions. Mainly questions that we asked Point and Slick to bring up. I haven't heard a peep. Strange since he was very willing and open over the phone. You would think email would be an easier medium to communicate.
Whatever, hopefully Slick will give us a good update. Be careful though Slick, there appears to be some sort of mysterious abyss for people who communicate directly with mgmt.
Good luck...
Plus, with Titan being Canadian the tax does not apply. My company got hit again this year with a 10 million dollar bill for this tax. It's theft, nothing more, nothing less...but I digress.
If we end the day with any green today I will be happy. I thought for sure some folks would take some off the table today. A nice mellow (volume) day would be just fine.
Titan trading down in after hours...
Down .0188 on a 1,000 shares...lol
What's annoying to me is that some people (outsiders) will say, what a nice rally the pps has had the past few days. The fact is we shouldn't have been at a buck to begin with. We are just recouping losses (paper or real) from a previous solid, extended base. This is just getting back to where we should be.
I'm sure in the next couple of trading days when we have a red day or two people will say it's profit taking. The shorts and flippers created the extreme low which reached irrational levels. A good run and profit taking begins when we hit 3+ (not that I would ever consider selling then).
Any rumor like this ALWAYS needs to be taken with a grain salt. However, there move to multiple applications significantly increased the value of the company. One could view the events of the past few days as another step or preperation for such a move.
A buyout price these days might get there attention compared to anything they heard while they only had one app.
Hopefully Point can shed some light on this...
Although I don't agree with Honey's conspiracy theories (although I like his out of the box thinking), the TRXC tanking has me very baffled. Ever since SV bought Xi and Paul being on the boards I can't help but think several things are going on behind the scenes. There is clearly something more to the picture then just the COO leaving. They have the backing of a billionaire and it's a total mess over there right now.
I really don't know what to make of it all, other than I'm sure LTG will be appearing soon saying this is another great buying opportunity...at this rate one of these days he's probably going to be right.
I assume your feelings on a buy back are more common than mine. For me personally it wouldn't bother me. So many things can change in a couple years when that million might be needed. A small amount of warrant covering would make up the difference. It's one of a few ways they could generate confidence and a buzz about the company/stock.
Either way, I give it a less then zero chance of happening.
I can't imagine he will have it done by tomorrow. I'm pretty sure the last one was released a week or so after the meeting.
I agree...I would be fine if they spent 1 mil to repurchase some shares. The gesture would go a long way with investors. 36 or 37 mil on hand, what's the difference. They would probably make it back and then some with the warrant covering after the pps shot up with the news.
Although I'm sure some would frown upon a spec company using financing dollars for this, instead of normal operations.
Bummer, we could have had Point bring it up during his call.
Hey point, looking forward to your TITXF report. Regarding YPPN, I've been looking into this company for a few months. Are you still a believer in them/technology?
Thanks...
I agree with your summary. I just hope all the tax loss selling is done for the year (one potential positive of the past few days). Either way Geo summed it up, we are not out of the woods just yet. The next few days should give an indication where we settle and base.
Anxiously awaiting Point's summary. Until then, two things keep popping into my head. SPORT is WAY more valuable today then last week...and the CEO just placed a nice sized bet on the company were invested in. He is one of only a handful of people who actually has inside info many of us wish we had. That's good enough for me.
By the way, I enjoy your posts and you've been a welcome addition the past month or so.
GLTA
A few of you on here have stated concerns about Titan losing out market share to TRXC (if there still around) and ISRG with the new delay. If you believe robotic surgery to be the future of medicine/healthcare (as I do), then why is this a big concern? If the above turns out to be true then were looking at robotics taking hold even more over the next 5, 10, 20, 30 plus years. Over the grand scheme of things, why does entering a year or so later then these competitors matter? It's not as if there is only a finite amount of customers out there and there won't be any left when Titan finally enters. I guarantee with all of the connections, SAB members, hospitals partners, networking, etc we already have standing orders for when the product is available. The biggest hurdle is actually bringing the product to commercialization. If you have a great product with next generation technology, the customers will come.
There will also be companies entering this market 5 or 10 years from now that are going to be just fine. If they have a viable product, again there will customers for them.
I'm not thrilled about the delay, but I will be shocked if were not out there in 2016. 2017 is either extreme wiggle room, or a timeline to F with ISRG (or any other competitors).
Lastly, Hargove purchasing stock IS a big deal. He's not mega wealthy and this wasn't a symbolic gesture. Had he purchased 100 shares I would have mailed him a paper bag of turds.
GLTA and thanks again Point...
Point - thanks again for doing this. If you wouldn't mind posting a few bullet points after your conversation I (I'm sure we all) would appreciate it. Not that we can't wait for the article, but it would be nice to get your impressions and gut feelings (hard to convey that in an article).
My question would simply be, with this recent milestone delay why should any investor consider investing in Titan Medical? Or maybe, why would you Mr. Rayman invest in Titan Medical right now?
Yes we understand the potential and value down the road. But, wouldn't my money serve me better elsewhere for the time being? I noticed there is a big gap between the 2nd and 3rd quarters of 2015. That potentially is 6 months of silence based off your history. Should I not put my hard earned money in a CD at that point earning .75%? At least I know it will be green at the end.
Maybe a blunt question will help us get a glimpse inside the minds of these guys.
Good luck, and still long and strong...
I find it a little sad that after all this we have to have one of us (Point) write up an article to either stop the bleeding/explain there current situation.
We shouldn't be the ones responsible for investor relations.
I love it...thanks