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I'm more concerned about winning the war, then winning todays pps battle. Today is a HUGE step in that direction. I thought I was optimistic in saying DF by end of May, but a month earlier than that is crazy.
Nice to have you back Sporty...
Although I hope your right, but i think your putting too much on bloom burton. Not expecting much at all from this. Nothing bad, just bus as usual. However, I do agree with you that May should be VERY interesting.
You have an odd way of expressing your happiness.
Why wouldn't you be happy that we've had a decent week (so far) and your investment is that much closer to at least break even @ $3.60??
Your a bloodhound dude. Aside of everyone already knowing that titan is focusing on the U.S. Initially. Nahon was so integral for titans future success. Lol. About as shocking a development as when Beverly brooks left. Let me know when advincula, Patel, estape, or someone else that's actually currently involved in the process.
Wrong! Not get into Q3, but well into Q3. If for some crazy reason no warrant $ comes in over the next few months, the EARLIEST for another raise would maybe be in August. Reason being, come July they will no longer need to attach warrants to any future raises. That is the one year anniversary of Nasdaq. Mc is well aware of this...
Almost out of money?? They have 35-40 million in the bank. We have at least 5 months of cash on hand. That also gives plenty of time for more warrant $ to come in. Heck, if the 3.20's or 4's aren't in the money in the next month or so I will be surprised.
However, don't freak out. I get it, I'm not saying they won't need more money, or another raise is out of the question. Were just not really close to a dire situation financially right now...not even close.
This also does not take into account for a partnership, debt, VC, etc.
I'm really trying to understand your daily rants bashing this stock when your cost basis is only 3.61. Your a few good trading days back to even. One would think your basis is 50 (like some of Titans exec's options) the way you trash Mc and mgmt daily. If it were me, I think I would focus on the numerous positive activities, milestones, going on/coming up. Occasional constructive criticism is fine, but you have real hatred for this company. Which seems odd considering your so-called investment is not lost at all, and could still turn out very well.
So, in reality we know your basis is really like 30, 40, 50... That or you've been shorting for quite a while. I'm guessing the latter. imo
Serenity now Sport19, Serenity now...
In weeks we'll have design freeze. A milestone Titan has NEVER seen before. Whole different ball game then. Yes, we need money, but the window for a buyout will have just gotten that much smaller at that point. Pick your risk, shorting or staying on the sidelines waiting for financing to play out and miss the buyout news, or sit tight and have to deal with maybe another raise right before regulatory submission.
A 1.10 this time next year?? Sure. There is a decent chance we have an fda approved product in 1 year. At worst DF completed, regulatory submission, all studies completed, and just waiting each day for fda news. 10+ min, 15-20+ min once approved.
Genova and Jensen would be hard to replace. Both studs in there respective fields.
Nice to close even today.
Let's see where were at after DF, AGM, etc. Too much coming up in a month or two. We should have a clearer picture on everything come end of June. DF is HUGE in my opinion. Whether the pps takes off after announcement, or its a modest reaction. Its a whole new ball game at that point.
No more warrants attached after 6/20. One year nasdaq listing anniversary.
Agreed 66. Keep posting your well thought out, informative posts. To be fair, I have no problem being critical of mgmt, or holding there feet to the fire. They do not, and should not have a free ride. There just comes a point where it's blatant negativity for purposes beyond a constructive back and forth.
Again, its VERY SIMPLE people!!!! If they do not deliver on DF by end of June we ALL have a right to be pissed off. If they do not submit for regulatory by EOY we ALL have a right to be pissed off. And in both cases serious consequences for mgmt should be considered (firings, etc).
HOWEVER, let's cross that bridge if it comes. Personally I'm very confident they will deliver. Regardless of what some of the whiners say on here Mc has done very well, and accomplished a lot. Not perfect, but he's only been here for what 2 years. Previous sins before he came aboard are not his as well. The handling of raises have been questionable, BUT if they hit DF on time I won't give a crap at all. The so called "delay" was at the insistence of the SAB. He was not aware of it when he went over/confirmed timelines a month before. Should he not have listened to the experts?
Besides DF, Reg, and other stated milestones everything else is just noise and nonsense. Even are Sh**ty pps. In the end it won't matter as long as they execute.
GLTA
Que Claytrader 3, 2, 1....
Wonder if people are finally pulling there head out of there arse and realizing DF is about a month away, reg. sub. 7-8 months away, etc, etc.
But yes, DF is still scheduled for 1H of 2019. If it doesn't happen until end of June its still on time. This is just deductive reasoning analysis.
Agreed, I'll continue to say it everyday, NO delays. As long as we are on track PPS eventually will catch up. There is no reason at all to suggest anymore delays. If we were trading a mil /day volume i would be concerned. although I'm not concerned, i am kind of shocked and pissed at the pps action. Makes zero sense, but then again I've been in this thing for nearly a decade so nothing should really surprise us anymore.
GLTA
Determined end of May because DF is needed Before live/animal studies & IDE application sub to FDA. Design freeze maybe first week of June at the latest, but still expecting end of May.
End of May
There is zero volume the last few weeks during this tank job. Nothing tangibly bad is going on behind the scenes. Just the after affects of another raise and no interest whatsoever in the stock. hard to believe with design freeze next month. The PPS action has now entered into insanity land with raise pricing and repricing at min. 3.40. Nice discount for newbies and those that want to avg down. Wake me up in Dec.
I will say to Mc, for the love of God, please take on some debt next time if you need the money.
Yes, I wish this thing would have taken off already, but this long journey has allowed me to lower my base to 3.90. While at the same time amassing a much larger position then I ever thought. Had it come to fruition a few years ago, it would have been a nice investment, but nothing more. Worst case scenario we get bought out for 15 bucks a share for the patents, research, time value, etc. The amount of shares I have now would allow this " disappointment " to be a pretty decent return. As long as were on track were going to be fine. At least IF there is another raise there won't be any warrants attached going forward. Plus debt WILL eventually be part of this equation. Frankly, if I were smart I shouldn't check this stock for the next several months. Ain't gonna happen though.
This is not news. The limited release of a handful of centers has always been known. Although was told it was going to be more like a dozen initial centers. Either way just service the crap out of them and get it right the first time.
It sounds like some people need to sell. Why continue the aggravation. Look, if they don't get DF in a couple months I'll grab a pitchfork with you, same thing if they don't submit for FDA in Dec. Other than that, were still a spec company with huge potential. There are no guarantees in investing, especially in a company like Titan. But were freaking the closest we have ever been to seeing this thing through. PPS action absolutely sucks right now. Can't argue that. But how long can you keep it down as they hit there milestones? Shorts and traders will eventually at some point be forced to grab there ankles as long as were on track...
Some of there options (not Mc's) are priced in the 50's. Say we get to $100 that's a double for some of them. Not the greatest windfall for such an opportunity. I'd consider leaving if I could make double the salary and the same double in stock option return of a more "established" company. Why stay?
So were 2 months away from design freeze, 40+ million in the bank, fda submission in Dec, and selling robots in almost 12 months. Not sure what the problem is???
Thanks BigT. If we can't get a chunk of those 3.20's and 4's over the next few months then something is wrong.
Quid, I believe it will be an intro, update, and overview for the recent new Titan investors. I believe Mc and Co. will start to be a little more open with there updates, calls, etc moving forward. They will NOT be announcing design freeze next week. BigT is right, expect that at end of May early June. As a side note, we have 40+ mil in the bank, Design Freeze in 2 months, Reg. Submission in 9 months, and were sitting at 90 mil MC. This obvious and beyond ridiculous discrepancy between MC and PPS will be corrected soon. Time is moving fast and is on our side.
GLTA
As I said a few days ago, next week might be interesting.
Not sure if that's already factored into the 28.5 amount, but still around 40 mil in the bank. There monthly burn rate now and for the rest of the year is 5-6 mil. Worst case at 6 mil a month gets us to September. This is without one cent of warrant $ coming in. If we don't get any warrant money in 6 months we have bigger problems. Debt will strongly be considered later in the year as we close in on 510. IF needed...
We actually have 40+ mil in the bank now with 28.5 just raised and 10-15 mil already in the bank. That's a lot of runway.
So once titan has been on the Nasdaq for 1 full year they no longer have to include warrants on any future raises. They will be able to do a more traditional shelf raise. They had no choice on the warrants this raise to get it done. Of course we plan on no more raises and just warrant money coming in. But just in case, they will be in a much better position after 12 months on the Nas.
Your one of the few that gets this repricing 5under. You missed a detail or two, but let's just say they have the best talent around.
Next week might be interesting.
Agreed BigT. This is not a big deal, and has nothing to do with Mc. Yes he would benefit, but its more than that. I think some of us know what. I'll be voting yes
If they move back submission at all it will be VERY concerning. Not expecting them to, even a quarter would not be good.
Agreed. If Design Freeze comes in Q2 and CE and 510 submission happens in Q4 this should be 15 pps MINIMUM EOY. If warrants are coming in throughout the year and the coffers look good to commercialization this is 20+. After reg sub do you really want to be out of this stock as approval could happen any day. Of course no guarantees with the FDA, but VERY confidant with Jensen working with them constantly. it's not his first rodeo with the FDA.
Lastly, once SPORT is approved the hockey stick goes even more vertical as rumors of a buyout will be nonstop. Whether they plan to or not. I'm sure the Bigguns will want to pony up and save themselves 10+ years of hassles, R & D, set backs, etc, etc to get a piece of this multi billion dollar market. It's the only way these behemoths show growth these days is by buying companies and pretending it's organic. They need that 2-5% growth each year to keep there investors happy. There not getting that on there own anymore.
GLTA
Flip a coin. Although very good sign we closed green today, even if it was just a dime. Until they announce the close the shorts will try and knock her down. Although word is the interest rate on borrowing short against TMDI is astronomical right now. VERY risky play. If and when we get news that its closed AND we hopefully get the max (or at least close to it), the shorts are toast. Could be Monday, but probably mid to later in the week.
It just better not drag on, and we better get north of 20 mil.