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Still digesting the MDT deal?? That was over a month ago. Twenty minutes is all someone needs.
Check back with him in about 6-9 months
The COE centers are currently not active. Also, they definitely are planning to update milestones, etc, but it may be a little while. They still need to gather info, etc before providing concrete data in a new milestones page. Want to be accurate, don't want to jump the gun.
The investor asked that Titan not disclose there name before hand. Nothing they can do about that.
The investor/entity requested to remain anonymous. But yes they do have to file.
Were U.S. incorporated now, but either way there is 8,000 tax codes (or more). .001% may know about pfic. Do your own DD and what your comfortable with, but never worried about it.
They are now sourcing multiple end effectors. Not just the one. Still under wraps. They are looking to in source as much as possible now. They are also relying heavily on Cambridge D. Software and Chapel Hill are main focus now. Biggest expense will be on software near term. There is still alot of work that needs to be done, but the team has NEVER been more pumped.
GLTA
Still here chuflas. Absolutely love what is going on. They still have alot of work to do, but there doing it from a position of strength now, and mdt backing.
Just bored.
Been critical for a long time. Thought you were on board.
Your right, I know nothing
Yes, and they will submit for the extension if need be. Delisting is last on the important list right now.
Actually, you are 100% correct Posi.
Not much really to say other then this is currently one big pile of sh*t. I do think we eventually walk away with something. David & Co. are not walking away from this with nothing.
They are still committed and think this is still a big oppty (thanks to Intuitive paving the SP way). CE in Europe is a maybe, but its pretty expensive. Other than that we need $ and then things should get back on track.
With many on here declaring Titan is on its last legs, I can't keep wondering why not one person has jumped ship yet. Why stick around for the headaches, uncertainty, chaos, etc. Yes there still getting a paycheck, but these guys could be getting a paycheck (and most likely much more) any where else. Insider buying would be great and a nice vote of confidence, but all of them sticking around tells me things aren't code red after all.
I have to give CDP credit. They have done more positive marketing for SPORT in the last two weeks then Titan has in the last few years.
I tend to believe the 100 million more, and another year delay were just thrown out there. Why not more specific? Why wasn't it 90 mil, or 110 mil? Or a 9 month delay, or 14 months. It all seems very arbitrary. I'm assuming/hoping there is a buffer in there (under promise - over deliver). It could be a smart strategy since moral is rock bottom now and any sliver of good news or early milestone would surely provide a nice bump.
Unfortunately, money is and will continue to be the issue here. I guess at least they have enough to keep the lights on and continue dev. with CD. And to answer SPORT's question, no bonuses and they should all cut there salaries in half. This would be an act of good faith to shareholders until they pull there head out and release something positive.
Some excerpts from CDP regarding Titan:
CDP has its HQ in Cambridge in the UK but also has a base in Raleigh, North Carolina to better serve our clients in the US. “It has been advantageous for our team to be able to work on this project in both the US and UK time zones, effectively giving us a fifteen-hour working day,” says Hans. “As a consequence, we have been able to deliver significant design improvements in a short space of time.”
Titan’s robotic surgery technology contains a large amount of intellectual property (IP), with 47 issued and 87 pending patents on individual elements within the system. “It is a very valuable portfolio,” says senior mechanical engineer Aki Laakso. “We want to make sure Titan is maximizing the impact of their IP.
“We are working on surgical instruments with multiple functions, including cutting, suturing and cauterizing. We need to make all these processes as robust and stable as possible for the surgeon, while offering the best possible work space within the patient.”
The project plays to CDP’s skills in terms of electromechanical medical device design, says CDP partner Jez Clements: “Much of the focus with Titan has been on achieving milestones in a very swift, performance-based collaboration. Titan needed results and we have been able to provide smart design decisions in a short timeframe, thanks to our skilled team and fast-paced work ethos.”
Using a multi-continental work cycle in both CDP’s UK and US bases, the team has made fast progress to overcome design challenges. “Our wealth of experience working on ISO 13485 and FDA medical device approvals stood us in good stead to work with Titan on this project,” says Jez Clements. “It’s a design-critical build which will ultimately revolutionise minimally invasive surgery. In addition, we have been able to maximise value and look at reducing costs within the design, which will help its launch onto the market.
“Ultimately, we are aiming for surgeons to use this equipment with complete confidence in the operating theatre. The market is ready for this innovation and it will undoubtedly bring huge benefits to patients in the future.”
It's still amazing (maddening) that they never really publicly addressed what really happened. And that they never addressed shareholder about there current situation, and some clarity on moving forward with a game plan. Although I did find out that the reason for the silence the last several weeks, months is because the aspire deal is legally similar to a financing and there is a quiet period. Since it is ongoing they have been muzzled. Still zero excuse to never addressing there shareholders. Complete violation of fiduciary responsibilities.
Agreed there not finance guys, which leads me to believe they are trying to leverage there networking, connections, etc. Or some "alternative" financing, partnership, etc. As usual with Titan this can be viewed as a sign of desperation, or a smart play.
5 months away, but whose counting.
Not sure it really matters, but Zaring is leading the financial search, solution, etc right now. At least its not the Rock.
What happened to a PT of $2.50?
Because it can't go down every single day.
I wish I knew. Like everyone else, i know nothing at this point. My fear is they are going to lengthen this out (spread out the monthly cost expenditures) now and PR some puff pieces/"milestones" every now and then to pretend like there moving forward. meanwhile they are still collecting there nice salaries. if they had a sliver of a conscience they would cut there salaries in half (for starters), to show they are serious and understand the gravity of the situation.
However, I am VERY surprised some of these guys haven't jumped ship yet. Doesn't mean they won't at some point, but frankly shocked at this point. It's a little reassuring and something to hang on to I guess. I also believe like a few on here that there is value in there IP. Would think dumping this (and all the headaches) for 100-200 mil would be the wise thing.
I also fear that they still think they have the golden egg technology/opportunity (which maybe they do in theory, or to some extent) and there pride/ego /greed is keeping them from doing the smart, practical thing.
I'm waiting this out, BUT there silence, non-action, etc, etc, etc the last couple months is beyond the pale. Unless they are in a quiet period as they negotiate a buyout or partnership, they have failed miserably
with there basic fiduciary responsibility, and it frankly borderlines criminality.
GLTA
Not to be greedy, but any chance you can predict .01 for next week?
Sounds like a debt offering, investment bank. Good, get it, and be done with it. Risking IP, but doesn't matter at this point.
Eyeballs on my man.
Analyst seems to think they will, but I'm not sure. What pisses me off is the silence still. Especially after what's transpired over the past few weeks. You can't even address shareholders with an update, game plan, etc. Pretty damn ballsy. 200+ mil invested in this thing and a 15mil MC. Seems off, especially with IP, etc. At the same time I think the current value reflects more on mgmt then the tech. I think it eventually closes and we sit here holding are d*cks waiting to see the next move. Tempting to buy down here, but waiting for mgmt to pull there heads out (if ever). For now, just watching the paid basher (and yes we've all known). waiting for docs, huh??
You nailed it Sling Blade.
Now your not even trying.
How or why is that even funny? I'm lying that I sold a little for a loss. I really pulled one over on ya all with that one. Enjoy the rest of Bellevue's happy time hour.
I don't get it??
I think its funny when tough guys who are pissed off at the world spend all there time projecting there patheticness on cyber space. Try asking a girl out once. you never know.
This whole thing is an absolute cluster F. So in titans defense it was an absolute sh**ty thing for that supplier to send over that letter in the middle of a raise. I'm guessing it was on purpose, maybe not getting along or whatever. BUT, a complete miscalculation on titans part to be cutting it so close where something like that can completely turn everything upside down.
A mild positive (and a little surprised) no one has jumped ship yet. Whether leading up to this, or since the news. Of course whose to say they won't in the coming days, weeks, etc. There gonna get paid in some form before this is all over. Whether we get screwed or not remains to be seen.
One of there analysts still believes they will survive this. He's in touch with them, but not sure how recently. I sold a sliver just for the tax write off. For now all we can do is wait and see what happens with the raise. That would be a starting point to buy more time and not be left in a crappy negotiating spot. If we can start with that it might not be completely dire. I think they got greedy and turned down partnerships along the way, and other offers. It ended up costing them.
And yes, they have gone completely silent. Kind of pisses me off, but at the same time get your sh*t together before talking again. They wouldn't say anything even if we did get a hold of them.
GLTA
Was being ironic
When is rebranding announcement?
What?? Are you just not trying anymore?
I would be fine if it was halted til Q1 or Q2 of 2020.
Nervous about what?
Yeah 66, Hugo appears to be a pile. Actually pretty embarrassing to be honest. Feel much better about SPORT (or whatever the new name is going to be). No chance it doesn't get acquired after seeing all this garbage out there.