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Now were getting there...a little John Wayne and Clint Eastwood will do us just fine.
I believe EGR, and the CFO. Nothing has changed. At this point, this decline is ALL technical. There was no support from 1.90 to 1.80. Once that was broken, there is a huge gap down to possibly 1.50. Were in a tough point in time right now. Someone mentioned institutional selling driving the price down to get in at a better price. There is some of that going on as well. Sadly, Gekko was right, "if you are not in the inside, then you are outside." Were all schmucks watching from the outside wondering what the hell is going on with this incredibly innovative, promising company. For all we know Reiza, Hargrove, et al are sitting in a room reading this board laughing at us because they know exactly what they have, and know that in the near future everyone is going to be VERY wealthy.
Again, if we were all smart (which I am not) we would turn off our computers until May 20th. Although, even then we'll probably get the same thing EGR just got from the CFO.
Hang tight, and please let's not turn turn this board into some lame sophmoric forum.
GLTA
I sure hope we bounce off the support right around here or its going to be a long week for Beverly...lol
You beat me to it Honey...
Chicken - My fear is May 21 will be a day of news that will not really be news. They will give an update on financing (already know), still on track with milestones (already know), tissue testing is still ongoing (already know), etc. If this is the case it will be a major disappointment (short term).
They HAVE to give the public/shareholders something new to talk about. Most of us assume the silence is a strategy, but if they continue this were looking at the end of 2014 until the next real update (based off of corp pres).
I understand (although frustrating) there silent strategy, but you can release substantive info that's not giving your competitors any insight into your technology/plans.
The problem is, and I believe someone mentioned this already, is if we continue to trickle down, and they do release some decent news on May 21, we'll shoot back up to where we were. Then the whole thing starts all over again.
Despite all of this, the one good thing that trumps everything is each day that passes we are that much closer to 2015. It's not much, but it's all we got at this point.
Still patient...barely
JMHO
Are we seriously talking about TRXC again?? Did I miss something, or has the past month or so not been an absolute train wreck for them and there investors.
For the love of God, please let's stick to Titan info here. I understand it's general market/competitor info, but were talking Atari vs. PlayStation here.
Lastly, I don't know if I would be bragging about having 100+ employees. Alot of good that "manpower" is doing so far. I'll take the efficiency of 12 Titan employees and there fiscal conservatism.
JMHO
Personally, Titan should be at $4 already. Given there on track, and were well into 2014 now. 2015 will be here before we know it. Unfortunately, you have a company with no product and no sales. (the epitome of a speculative stock). You've also had a couple recent rounds of financing weighing on the pps. If it's not at least in the 3's in the next couple weeks I will be disappointed.
JMHO
Fair enough Ichauway. Although I'm still ok if ISRG does well. It's good PR for the robotics market. However, tomorrow is not going to be a good PR day...lol. Again, in the end it doesn't really matter either way. Titan's success will be determined by Titan themselves.
By the way, am I the only one not expecting much from Titan tomorrow? I won't be surprised if they don't even release details on the completion of there financing, let alone any other nuggets. I hope I'm wrong, but I suspect we will be disappointed tomorrow, but then pleasantly surprised with some random pr release next week. Just a guess considering there recent pattern.
JMHO
Personally I could care less how well or not well ISRG does. At this point the only thing that matters to us as investors is what Titan does. If they can deliver, ISRG and any other competitors can do whatever they want. Titan controls there own destiny (with the FDA, CE, etc being a small exception). If they execute the way we expect them to then they will enter a growing, robust market with state of the art technology. No matter if there is one competitor or 50, it doesn't matter. Competition is a good thing...in fact a great thing. There is plenty of room out there(think globally - which Titan obviously is).
ISRG will NOT monopolize this market forever. They will most likely always be there, and have a large portion of the market. They will also continue to introduce new technology and other things to further there goals/growth. It's just like any other market out there. Robotic surgery is an amazing relatively new market, but the business/economic dynamics are no different then the paper clip market...you get the point.
JMHO
Once again, people need to relax. Up until a week or two ago Titan was talked about as the greatest investment of all time. Now the same people are talking about ditching there shares because ISRG came out with there own SP. All this tells me is that it confirms the market Titan is aiming for. Yes, we can not guarantee much with regards to Titan in general, but the one thing we can GUARANTEE is that ISRG will not be the only player in this market. My bet it's Titan that gives them a run.
It's funny how not that long ago people were talking more positively and upbeat about Titan when it was trading in the .40's then they are today trading in the 1.80's. Nothing has changed, and unless Titan comes out with something negative we are still on track.
As for Johnny, he's a child. Ignore him. Anyone who signs off every post with Hahahaha is twelve, fourteen tops.
JMHO
A few down days and we get a little testy...come on now. I know many on here have alot of money at stake with Titan, but has anything really changed? The fundamentals are still there, there still on track with milestones, and they got enough cash on hand to get them to commercialization.
Yes, the stock has been trading down on above average volume, but were not talking a million + shares a day. This decline has been gradual and does not reflect some insider news that would have dropped the stock like a brick. The decline could be do to several things, which all of you have speculated on (end of financing, warrant exercising, hedgers and flippers, technical traders, etc).
If we were smart (which I am not), we would not look at the stock until the end of the week...or longer. I'll be surprised if were not at 2 again by the end of the week. I will also say that until then, the next few days still look choppy. Unless they come out with some negative news justifying some red days, sit back and look at it as one last time to pick up a few more shares cheap.
JMHO
Good morning all - Not the price action I expected this morning. I thought we would be lower from the get go. Of course it's early and a full day to go. I still think low 1.90's are a possibility. However if we can squeek out a couple green days and limp are way through this week we should be looking good going into May 21. Anticipation and awareness for the meeting should start a couple weeks early. At the very least there should be pps support.
A couple quick thoughts on earlier buyout posts. I believe we will get a partnership before a buyout. If we continue to meet milestones and move towards commercialization the big boys will snatch us up before any sales happen.
Think about it, if your J & J, etc and your looking for growth, robotics is probably the most coveted market out there right now. Are you going to sit back and hope Cov, or someone else does not pluck the most promising robotics company out there. One of them will pull the trigger. Whether it's premature or not, they will not wait for any sales numbers. It will become a game of poker.
Instead of fully diving in with a buyout one of them will buy a large chunk/percentage of shares and partner up with Titan. This way they will have locked up both growth and robotics, without FULLY exposing themselves for any challenges or failures that may arise with SPORT/Titan.
This scenario is JMHO and I hope that Titan is able to go it alone
Akrez - I'm not thrilled about Reiza's sell either, but it was under 5% of his total holdings. He sold 200,000 shares and he has over 5 million. Someone also recently made the point that these guys get new shares all the time. which is true, and it needs to be considered.
Touching on my earlier point, and to CUIN's recent post, I think this shows that they are in it for the long haul. We are still 18 months out from commercialization. In all honesty we do not know where the price will be down the road. Just like the company stocking up there treasury with a couple recent financings for the future, Reiza was probably doing the same for his own personal goals, plans, etc. As far as Reiza is considered there is no guarantee where the price will be. He took advantage of the higher price, just like the company did with it's "overnight" financing".
For a moment I thought the recent sell off may have been do to the news of Reiza's selling. However, it was a month ago and the selling would have been quick and steep. Not slow and steady like this week.
CUIN - I do agree with you that there goal all along is to go it alone, or at least try the best they can. Factors will come up along the way that may change there plan, or a situation might come up and they don't have a choice, or they might get an offer they can't refuse, etc. And yes, there overall silence speaks volumes. They want to get as far along as possible, while giving out minimal info to keep there shareholders "content". This is why a part of me is slightly skeptical about May 21st. I fear we will get the info we pretty much already know, with a couple minor updates. Again, this is strategic as they have proven over and over to keep things very close to the hip. Nevertheless, I hope I am WRONG big time, and they release all sorts of good stuff.
Anyway, sorry for the rambling. Just thinking out loud.
JMHO
Geo and CUIN - I tend to agree with you on Reiza's sell. If he had sold 1/4 or 1/2 his position that would be a different story. He has been working his tail off for years and getting paid minimally for what he is doing/accomplishing. I still never like to see mgmt sell, especially this early, but maybe he just wanted to celebrate tissue testing progress with a new car...
I will say that his sell leads me to believe that there is no buyout in the near future (not that we expected one this soon). If Reiza knew, or thought there might be one in the next 3-6 months he would have held every share until he could cash out at a much higher price than he just did at $2.17.
Right now the only inside information we can get is by the actions of Titan insiders. If Hargrove, Fowler, Talarico (sp?), etc. start to sell than we should worry.
Lastly, I'm going to go out on a limb and say we end the day even today...at least every day wasn't red this week. lol
Happy Easter all...
Chicken - I don't believe anybody answered your question regarding Reiza selling some shares. I am very curious about this as well. The one guy purchasing 50,000 is great and all, but Reiza selling a couple hundred thousand is more worrisome. Am I reading this transaction correctly? Or did he execute a transaction a little more complicated?
By the way, I find myself living vicariously through many of you. It seems 40k, 60k, 75k, shares is common out there. Any other "losers" with 12k shares out there...lol
His 6 mo. price target may or may not be too optimistic, but Rosenman does bring up an important point. He mentions a substantial commitment on orders for 2015. I fully believe that with all of Titans connections, medical advisors, partners, doctors, hospitals, etc helping bring SPORT to market his order assessment is valid.
Initial product release will be limited and those involved along the way will want the first batch of systems. It will be the newest, state of the art technology and they will want in before the rest of the public. For years Titan has been working with numerous hospitals and doctors around the world. These folks should not only be viewed as people offering input and support, but customers as well. I imagine this pipeline to be quite "substantial". I don't think they will ever need to do any cold calling. People will be contacting them as the medical community is surprisingly small (in my 15 years of med exp.). Word gets around quickly. I anticipate one heck of a back order problem.
Now Titan may give a deal to these guys for there help along the way, but I do see a large stack of standing orders waiting for that first production run.
JMHO
Better to have the malfunction on there website and not SPORT. lol
Is it too much to ask for one green day this week? I'll take anything... give me +.01
CUIN - I hope your right about Hargrove. Either way I have no doubt that he has skin in the game and wants to maximize his payout potential. His age may be a factor, but I have to believe they are all on the same page with regards to Titans future. I'm sure this was discussed prior to Hargrove being brought on board. Part of me thinks Leon was booted because he probably did want to sell early and take the money and run. I was never really impressed with that guy.
I agree 100% with Honey. A partnership would be ideal for Titan (depending on the terms). Someone with deep pockets, vast industry knowledge, connections, etc. It would also help be a deterrent against you know who from any legal entanglements.
Today's action is not to surprising. I do hope it is related to warrants , and/or the completion of the financing deal. This is also what you get when you don't release any news or updates. Why should it hover near all time highs when you have nothing new to talk about. Yes, most of us are true believers and think it's nuts to still be at 2, but there are still alot of technical players, hedgers, and weak hands affecting the stock. It's frustrating, but the company has there game plan and there sticking to it.
JMHO
Not a fan of seeing red. Although, still hanging in the 2.20's with no news or updates, and a couple rounds of financing is not too bad (however we all know the true value of TITXF). But a trickle here and a trickle there and it could get frustrating. I wish this meeting was April 21st, not May 21st. We stil have over a month to wait. I expect our patience will be tested, yet we've come this far, what's another month.
I'm still trying to figure out Hargove's end game here. I go back and forth with him. We all know he's being paid in stock so continued progress is imperative to him. My problem is he hasn't been around nearly as long as the others. It's not as emotional to him, and not his "baby". I can see him pushing for a buyout at 10 and move on.
On the other hand, if he's willing to hang in there a couple extra years his payday goes from 5-10 million (or whatever) to tens of millions. This isn't any ordinary opportunity here. I hope he is a patient man.
JMHO
Once again, another day where you can just feel the pps wanting to breakout, but nothing of substance to justify it. It's going to be a long, quiet few weeks before May 21st. I don't see them releasing any news at all before then. I hope I'm wrong.
Frankly, it's pretty sad that this thing is still trading in the 2's. As quiet as the company has been in general, we know enough that SPORT is going to be groundbreaking. It should easily be trading in the 4-5's right now, if only for the prototype and videos alone.
JMHO
Thanks Homerun - Definitely a different beast dealing with healtcare in Canada. Although, I do believe Titan will have significant opportunities and successes there down the road.
It's also worth noting that Reiza has an impressive background and foundation based in Canada. He has been involved (teaching, or business related) with the University of Toronto, the University of Western Ontario, and the London Health Sciences Centre ("LHSC"). LHSC is one of Canada's largest acute-care teaching hospitals. "Many national and international medical breakthroughs have been pioneered at LHSC, to the benefit of patients at home and around the world. Through its affiliation with The University of Western Ontario and more than 30 other educational institutions, LHSC trains more than 1,800 medical and health care professionals annually."
LHSC is very prestigious and Reiza has been affiliated with them since 2005-06. I believe Canada will be very pivotal in Titan's future successes. It's also clear that Reiza is brilliant, and one of the most accomplished business leaders I've seen in the medical field. Technically and innovatively we are in great hands, executing and delivering remains to be seen (although were looking good so far).
JMHO
Well, I guess we shouldn't expect any news or updates between now and 5/21. If they have anything to report now they will just save it all for there May meeting.
The next few weeks could be pretty boring. Although, I expect the pps to rise a week or two before the meeting in anticipation of good news. Hopefully the meeting WON'T be "buy the rumor, sell the news". We need "buy the rumor, buy the news". Again, we need something of substance, not more of "we continue to meet our milestones" (although milestone updates are VERY important).
Lastly, I know we have some Canadians on the board. Any thoughts on this would be appreciated. We talk alot about Titan's potential in the U.S., overseas, etc. However, I don't hear much about Canada, despite Titan being a Canadian company. Canada has over 1,300 hospitals, not sure how many surgery centers. Does anyone know if Canada is adopting Robotic Surgery the way the U.S. has? Titan would have a clear advantage over ISRG in Canada. If anyone has been to Canada (I have several times) you know they love there country and have mixed feelings on the U.S. They like us well enough, but they will "buy" Canadian over the U.S. all day long.
I'm sure many hear remember Hugh Samson. He was IR before Beverly. At the time I was asking him about grant opportunities in Canada as an alternative to public financing. He said that Titan is "very plugged into Canada's scientific community." I got the impression that the Ministry of Health and the gov't in general was/is aware of Titan. It's also nice to have a leader who is very pro buisiness, like Steven Harper. I would think he would love to see an innovative, ground breaking Canadian company succeed, if for no other reason to put a feather in his country's cap.
JMHO
First off, I just heard back from Beverly regarding a reverse split. I hope you all are sitting down for her very detailed, earth shattering response, "None are planned". Not that I was really expecting more, plus it was also sent from her mobile.
I appreciate your thoughts and analysis GEO. You seem very logical and level headed when it comes to TITXF expectations. I would argue the premium we anticipate Titan trading at in a couple years is do to several reasons:
1. The robotics market is growing rapidly, with estimates reaching 15-20 billion by 2018. A large chunk is waiting for Titan as many are tired of ISRG and there bullying.
2. Titan's software/technology is rumored to be unbelieveably impressive, and will add extra value.
3. Titan's market will include several different areas that ISRG can't compete with: smaller/regional hospitals, surgery centers, etc.
4. The neverending assumption that Titan will be acquired. This will only increase as they continue to accomplish there goals.
5. International exposure and potential. Agreements in India and Europe, with obvious connections in Canada.
6. Premiums always seem to be placed on the newest, state of the art technology in a growing, established market.
7. Ask CUIN, Invest, Point, Honey, etc. There smarter than I am and probably can explain TITXF potential better than I can :)
I hope I don't sound like a pumper. I have my concerns, but right now they appear to be doing everything right. Hopefully May's report will give us more to work with. I will reiterate that my 50-100 is just a range, with 100 pps being the top of that range.
As always, this is JMHO...
You bring up a fair point GEO. However, with 80-100 million oustanding shares a 100 pps is still attainable. If they did a 2/1 RS then we would be talking about a 200/250 pps. We would just all have half the amount of shares we have now.
Chicken is right. They don't have to and a company can buy back there own shares. However, it would be difficult for a company in Titans current position. If/when we start to really take off I would expect the company to buyback at some point along the way. It would reduce the float, express confidence to the public, and it's just a wise investment.
Wassup - my understanding is that we need to be at 4 pps (not 2)to uplist. This was just referenced a couple days ago. Can anyone confirm either way?
JMHO
Spot on CUIN. As much as we dislike ISRG, we can all agree that they have paved the way for a company like Titan. Robotics would still be in its infancy if they hadn't come along, and as you alluded to, TITXF rise in pps will be a alot quicker with all of the concerns and questions marks in robotic surgery out of the way.
I'm pretty optimistic about May 21st, however if they come out and just give a basic, ho hum announcement/report it's not going to reflect well on the stock (i.e. were still on track with our milestones). Expectations are high for something new, substantive and exciting. It seems they are telling everybody to wait until May 21st. Anticipation is building and I sure hope they deliver. With that said, I believe they will, although in a somewhat measured approach. Just enough info to wet our lips and want more.
Lastly, since they are also having there annual meeting there, anybody willing to head to Toronto for the meeting? After all we are part owners of the company. It would be great to have someone in attendance to give us the scoop and also ask some important questions. I would go, but southern california is not exactly down the street from Toronto. I would like to ask them about a reverse split. I'm a little more concerned then CUIN about a R/S. I give it about a 30% chance. However, they have proven to be very patient up to this point. I don't know why they wouldn't let the pps rise to the target price on its own. I just fear pressure from people telling them if you want to play with the big boys now you got to get it on a major market. I still say no, but...
IMHO
CUIN - I guess I should have clarified between 2 and 3 years. I think a year will make a big difference when it comes to Titan's PPS. Let me resubmit my prediction, 50 pps in two years and 100+ pps in three years.
Thanks for the thoughts on the financing. I figured there is plenty of paperwork going on right now. I'm just curious if whatever process they are still in will weigh on the PPS from now until the 23rd (regardless if it's settled)...just like during Feb's financing when we were stuck in the mud for a couple weeks.
Daktari- I wish the owner was from Mckesson, Schein, PSS, or any of the other big players, but he still has been in the dist bus for over 40 years. I like his optimism, but I personally think a 50 pps in 2-3 years is more realistic...as long as Titan executes their plan. However in full disclosure, I prefer his conclusion.
I do have a question for you, or anybody else on the board. It appears that the "overnight" financing was completed in a day or two. However they referenced a conclusion date of April 23rd. Since the financing only took a day or two does that nullify the end date of the 23rd (and were back to normal), or will we still be in the financing process until the 23rd regardless that it has been completed?
I appreciate any thoughts on this...
Since it is so quiet out there here is a story for the day. My brother recently interviewed for a medical distributor rep job. The company is a small/medium sized distribution company in the midwest. His last interview was with the owner. The owner mentioned some exciting things they are working on. My brother said, it wouldn't happen to be in robotic surgery or Titan Medical would it? He laughed and said no, but he is heavily invested in Titan. He claims to have gotten in early on ISRG and predicts Titan will be at 125-150 in 2-3 years.
His confidence stems largely from his connections to Columbia. He said you wouldn't believe how smart these people are working on SPORT. Between the Titan folks and the Columbia people you have some serious brain power collaborating together.
Take the source for what it's worth. Also, coming from me (some random schmuck on a message board). In either case, we all pretty much have one or two testimonials.
GLTA
I find it very encouraging that we are at $2.31 right now after two recent public financings. I think we can all agree TITXF has held up remarkably strong, especially after the "overnight" financing this week. It leads me to believe that alot of informal marketing was presented at either Sages or the GPO meeting (probably both). It's just held up way too strong and way too soon for me not to believe that hargrove didn't give out a little taste of what's coming down the pike.
I may be wrong and we see a little trickle downwards before May's report. However, I personally see no reason that we don't entertain 3 in anticipation of next months report. People will be very anxious to see what "updates" they report, and at this point, there is no reason to not believe it will be positive news.
Someone mentioned a pressure cooker in reference to the stock. I think it fits TITXF very well. This stock is looking for any excuse to take off. It wants to, but the market just wants something, anything (PR's, updates) to justify the next leg up.
I agree BBall that most at a company like Cov are clueless when it comes to new products/development. The walls of separation are big and sound proof. However my friend has been there quite a while and has a few good sources that have provided decent info in the past. No inside info, but interesting developments. In any case I think we all have confirmed Cov is not working on anything anyway.
Cheers
Thanks CUIN...although if I were to put myself in the shoes of J & J I would make a bid for Titan sooner rather than later. We have to be naive to think that the top brass at a company like that is not aware of Titan and where they are in the process. They pay top dollar to bus dev folks to bring in new growth ideas. I'm sure they know more about Titan than we do. Why not pay a premium of 600 million (6-8 pps) dollars now. This is petty cash to them. They know the chances of Sport getting approved is pretty certain. Do it now and you save yourself 1.5 billion (15-20 pps) in 6-12 months.
With that in mind I fully believe mgmt is doing everything possible to hang on as long as possible, especially Rayman. This is his baby. He's been working on this for years. A couple extra years is nothing to him. Especially when it means a pps of 50 plus as opposed to 8 pps. As much as I want the PR's I'll try my best to stay patient and remain focused on the end game. As someone mentioned earlier, every day that passes we are that much closer to commercialization.
IMHO
Not sure if this was ever confirmed either way on this board, but I asked my Covidian rep friend if she knows if Cov is working on any robotic systems. I heard "rumors" that they might be, and possibly a single port platform. In any case, she has NOT heard of anything with regards to robotics at all. They could be another big fish willing to ante up for TITXF down the road.
A quick thought on the overall silence and lack of PR's from Titan. I believe this is a concerted effort to keep as much info from the public, mainly potential takeover companies. If Titan was out there every day giving a status update someone like J & J may be more willing to acquire Titan now knowing full well where they are in the commercialization process and every other detail. Much more risk to plop down that kind of money now not knowing exactly how things are going. This leads me to believe that Titan Mgmt wants to maximize shareholder value be it an acquisition further down the road (as opposed to near term), or they want give it there best shot at going alone. Either way it's buying them valuable time...IMHO
Do we feel better yet? Yes, this little surprise was not how we planned it, but were not in the inside.
Have the fundamentals of the company changed? Was there any delay announcement in any of there milestones? Did any of the top 3 abruptly leave the company? These are a few of the things that, God forbid, would be worthy of concern.
We even had speculation that they had to do this to raise money for an unexpected lawsuit, or something else.
Bottom line, if you were to tell me a few months back that we would be hovering in the low 2's, with 30-40 million in the bank and Titan reiterating over and over that they are still on track with there milestones I would kick my feet up, crack a cold one, and, well... buy more.
Another newbie to the list. Been in Titan for 3 years. I've been in the healthcare market for 15 years (patient monitoring). No robotics experience, but a lot of hospital experience.
A quick thought about today's financing announcement. The timing is very interesting. I don't believe they intended to do this round, but an opportunity presented itself. In just a couple days the stock rose almost .50 cents. Hard to not take advantage of this given there 35 million ultimate goal.
Despite my initial disappointment of the announcement, I believe the timing is going to be great. The next couple weeks may be a bit boring and sideways as the financing works itself out, BUT when it concludes towards the end of the month we have there earnings announcement along with updates. The financing burden will have been lifted and as long as the news is good we will be free to fly.....with a new round of financing behind us and several million more added to the coffers.
One last comment. I know Fowler and Hargrove are mentioned a lot on here (justifiably so), but let's not forget about Rayman. He is the brains behind all this. You want to put a smile on your face, go take a look at his credentials, education, experience again and tell me if you feel better about your investment.
JMHO