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.
I'd start by throwing in 25k and see what happens over next several weeks before adding again.
Not sure what you have to invest, but for argument sake lets say its 10k. I would buy 4k worth now just to get a position. Then I'd wait to see what happens over the next few weeks, month regarding raise, debt, warrants, etc. I'd throw another 3k in after it becomes a little more clear. Then wait for a dip/buying oppty down the road with the remaining 3k. Obviously just my opinion. I just don't know if I would be completely out right now. Could run to 6 - 8 quickly.
Why not wait another month or two and see how much warrant $ you can get. We have 30+mil sitting out there.
If and when they get fda approval market cap will get to minimum 1 billion. Trixie is a good comparison and pretty much the only hypothetical to base it on. Obviously no guarantees with fda, but they have been EXTREMELY proactive with the fda. Working very closely with them as we speak. At worst the fda might ask for a minor clarification, change, etc. Maybe adds another month or two to approval. I am not anticipating this. I believe they get immediate approval, but we'll see.
The X factor will be the prospect of getting bought out after fda. Its hard to believe pps not rising just on rumors of a buyout. Its Mc's history and most likely what will happen. Trixie reached a billion with a garbage product and a couple unit sales to friends and family. Hence why a billion post fda for titan is conservative
Not a chance. Not with institutions, big investors, and Nasdaq eyes involved with us now. Any change now would be a suicide mission.
Titan is indeed fortunate to have your guy's support.
Yes, my understanding was Aug/Sept as well. Regulatory Sub. is still slated for Dec though. Although no raise right now, I'm not saying we won't eventually have one. Still hoping for debt or partnership. A raise in the 5/6 range wouldn't be the worst thing. Much more easily absorbed at that level.
Here is some more misinformation for you. We have about 15-18 mil of cash on hand as of Dec 31. Mgmt will release Q4 report/financials around feb 15, and Design Freeze will be announced around June, May if were lucky.
Good luck, were all counting on you.
Sure it is
There is no plan for any raise at this time.
GLTA
A raise might be coming, BUT remember were getting big funds to invest now and could account for this heavy volume. Also saw tmdi on cnbc's ticker for the first time ever this morning.
They will take on some debt before letting the o/s get that high. They want a home run as well.
Torn about the Conmed rumors. Better companies to partner with, BUT the $ would be huge for them right now. The latter probably more important for us investors. Let's not forget though that this is a rumor that started with "heaven's to Betsy".,
Nothing seems to move pps, BUT can't ignore us forever. Don't think I'd want to be short much longer. Time is running thin.
Looks fantastic!!!!
Agreed, would love to see them take on about 10-15 mil in debt to buy them a little time. It would get them closer to freeze and more time for pps to sniff warrant range.
Wonder how long this game of chicken (by shorts, traders, etc) will last. Each day that passes and we remain on target there risk rises substantially. Were now in 2019. They can no longer hide behind design freeze and Regulatory sub always being "next year". Once we hit freeze it's game on, and today's announcement is a really nice start to reinforce this inevitability.
I've stated several times my one and only concern at this point is NO DELAYS. A raise will suck, but only short term pain and not fatal at all. Surprised a little the stock is not up on the news today, even if its kind of a fluff piece. I don't think conservative Mc & Co. is going to throw this out there without near certainty of each milestone. At least it confirms no more Estape delay surprises.
a potential raise may be the anchor around TMDI's neck right now, but were in the 4th quarter now and whether people on here want to believe it or not, Titan is set up pretty nicely. Mc's view was always about long term share value. Unfortunately this screwed most of us longs.
Feb through July might be quiet, but again, each day that passes there window closes.
This is the end of my pep talk. Maybe I'll need to change my tune when they announce tomorrow the need to add neon graphics to the console screen.
EVU announcement will be on Mon...IMO. This will coincide with the JP Morgan conference. Expect them to dress up this announcement as much as possible. Not sure why anyone would sell before then. Should be good for at least a short term bounce. Even a small one.
GLTA
I think most were pretty honest about Mc not supporting pps. I've given him one mulligan on this one since I've liked pretty much every thing else they've done. Still a believer, but hard to give them the benefit of the doubt going forward.
My cost basis is around $5 (around 12k shares). It's only this low because I have bought on the way down. Not saying this is the right strategy, but I did buy more the past week. Once at 1.35 and today @ 1.12. Only about 1,500 shares total.
January will be very telling. I'm expecting EVU announcement to coincide with JPM conference. It sounds like they planned EVU news before EOY, but didn't want to get lost in tax selling, etc. If we don't get it in the first week or two (on or before JPM) I will be concerned.
At least 2019 is here. If we do not get at minimum design freeze and FDA sub this year I'm probably out. As much as MC screwed up royally on lying about supporting pps after reverse and raise, he has laid the foundation for success for Titan (IP, Clinical, etc.). If we complete the stated milestones we should be golden. This includes absorbing another raise (short term pain).
Bottom line, this is the year we know if we move to the final stage. Mc & Co. have stated unequivocally that design freeze, FDA, etc are happening this year. Any diversion from this and its a fire sale. Good luck staying afloat and raising @ .30. I'm still confident they will get it done despite this entire sh**show of an investment. There is light at the end of the tunnel. We can finally move on either way.
Lastly, we need more of BigT on here (positivity for a change) . If you buy or sell based on this board and not your own DD then that's on you. It's clear he does extensive DD and offers his opinion. The foundation he lays out is usually right on, just doesn't always work out. Just cause we've tanked does that mean Skaarg is a genius???
GLTA
You mentioned 11.40, don't forget Mc needs $15 to break even. He's not selling this under his strike price. Of course if he gets new options granted at these garbage prices then all bets are off. However, I believe BigT confirmed that his current options cannot be reissued at a lower price. The board would have to approve brand new options. Keeping a close on this. Each day he doesn't have new options the better.
You never know with the FDA, they could delay us. They screwed us before with changes to there requirements. But Titan continues to work with them constantly. In fact, I believe they will be meeting with them again next week. Mc alluded to it in his most recent analyst presentation this week.
Not quite the same as design freeze, but almost as important. Once they announce confidence build it is HIGHLY unlikely they can or will do any more changes. They may still do a tweak here or there, but very small.
This news will be very big IMO. The pps may not explode on the news, but frankly it should. Titan would appear completely inept if they announce conf. build and then a month or two later delay, or have another Estape "update" on SPORT. Mc. is too conservative to announce this without all his ducks in a row. If we don't get this announcement in Dec I will be concerned.
It's about to get really interesting folks. 2019 is the year that will determine the future of our investment. If we don't get design freeze, FDA, CE, etc this year then we will have 3k to write off in taxes every year for decades.
GLTA
Thanks Rebster. They also stated they are trying to minimize FDA timeline. They have been VERY proactive with the FDA...which I suspect is a good thing.
Yes, I think the good news is the current investor base. The last 3-6 months (give or take) of road shows brought in a "higher class" of investors, funds, etc to Titan. A premature or brutal new raise would certainly not sit well with them to say the least. Its been easy to piss off us long term, lowly serfs because we have no voice. But it's a way more risky move to do now with these new guys. If nothing else it might make Mc & co. wait a little longer, and exhaust ALL avenues. Or they might give an extra month or two for warrants, etc.
GLTA
Say they do another raise in Dec/Jan (argument sake). We get beat down to say 1.30 (or whatever pre R/S it is). If/when we hit design freeze, then reg sub, FDA, etc, etc. I don't think investors and the market at that point are going to say well they did that raise back in December so I don't want to jump in despite the fact there about to go to market. Investors WILL reward Titan IF they hit these major milestones. The raise will be long forgotten if were going to market next month, and/or rumors of buyouts start flying.
Lastly, I believe impatience is our biggest enemy right now. None of us (including me) has any grace or patience left to give to these guys. I'm over 8 years in and pretty much spent.
If we were to put ourselves in the shoes of a new investor (1 year or less), I wouldn't really care about having to wait another 6-12 months for the big milestones.
Our situation with Titan right now is actually pretty simple. I'm fine with bashing Mc for lack of support post R/S, raise, etc. It never happened and that is very disappointing. However, 2019 is almost here along with it major milestones. If we stay on track and hit them were golden. If not (another delay, etc) were pretty much fatally screwed. It's pretty simple.
We can absorb another raise as long as we REMAIN on track. Any hit will be short lived. Regulatory submissions will trump any new raise.
Short term, aside of the confidence build (which hopefully will be in a few weeks), we will remain pretty quiet (aside of any surprises). But make no mistake, the confidence build "will" be great news and all but assures design freeze is on track and basically completed.
The silence sucks, but they did just announce and confirm all Q3 milestones were met and were still on track. That's the only news I really care about right now. The negativity and bashing is understandable, but just remember were in the second half of the game and the 4th quarter is fast approaching. I just hope (and assume) Mc has a little Tom Brady in him.
GLTA
I'm not sold on the end of year tax loss selling. I don't think people want to take the chance of being out of the stock (if only for a month or two) and miss a quick run up.
Sure some folks will sell some dogs like P & G and 3M to offset some big gains this year, but they know they can buy those stocks back without risking a run up.
Of course alot of this depends on where were trading come nov/dec. If were $2 or below, maybe some eoy selling, but if were high 2's and 3+ no one is going to want to be out knowing that the 3.20's are so close and the prospect of another raise diminishes.
In theory your right, but Titan is not your typical equity. I believe its a non factor. However, trading based on the prospects of another raise either way could come into play. That remains to be seen.
GLTA
Its not a crazy question. I inquired/investigated a while back if Titan has ever got ( or continually gets) buyout offers. I literally got "no comment". It was quite clear they do, but my guess is they were insult offers, etc. I don't think they have received the right offer for "seed" money, "partnership", etc. Whatever company is offering for either type is probably asking for too much control, etc. i.e. we'll give you 25 mil, but we want x, y, & z.
Mc has stated optimizing long term value is his main goal. Some of there frustrating decisions is with this in mind. It probably is as simple as the best option going forward right now for maximizing long term value is to go it alone...at least for now. Will get better offers once we hit design freeze, fda sub...
Doesn't hurt to call and ask them...
Agreed. It did sound that way.
From Titan
I respectfully disagree BigT. I give it about 50/50 chance we get one more dilutive raise. i think this last one kicked them in the ass. I think they actually might try a litter harder for alternative financing next time.
Agree, I think we got 4-5 months to get this thing to 4+ and were looking good on those 3.20's
The call was only open to questions from analysts. No outsiders. All three of ours asked questions. However, i could have come up with much better questions.
One thing to keep in mind, we get killed every raise because its a short form. We get thrown through the ringer during the process because its public. An option to avoid this is to have a closed raise (can't remember the technical term). If you have a certain amount of money in the bank you can qualify for this and raise money privately. I don't know the exact requirements, but Titan was close after there last raise.
what this would mean is instead of announcing another crap short form raise (and subsequently get killed for the next several weeks), Titan would come out of the blue with an announcement confirming they just raised X amount of money in a private raise, etc, etc. The stock would take a short term hit on the news and details of the raise, but we would avoid the public flogging for weeks.
I just don't know if they have enough cash. And if they do they would need to do it now because a couple months of a normal burn rate would for sure put us back under the threshold.
Regardless, I still don't think (or hope) we get either raise right now.
Great point Buck. Don't think Mc will risk another raise because anything under $1 and were off the nasdaq (although I think we have to trade for 60-90 days consistently under a $1). He loves being on the Nas. It helps with there credibility as they travel around and talk to investors, etc. He got a lot of crap, stress, aggravation, etc from this last raise. Too close for comfort with that level.
HOWEVER...we are dealing with Titan medical so.....
Makes sense, thanks EIT...
By the way, nice day with good volume. I'll take it. Let's see if we can cross over that 2.15 level tomorrow. Not sure why that price has been a struggle.
Still here and still long. Like someone said, til 0 or FDA/sales, buyout, etc. Not expecting a raise this Thursday. Who knows, but my main concern is NO DELAY!!! I would be very mad at another raise, but it wouldn't be fatal. I'm with HC and others, give her a chance to run before hitting the well again. Way too many options out there to be had.
If we do get another raise, it will be obvious to me that some big boys, institutional, etc have made it very clear to Mc that Titan must have enough cash on hand to get them through regulatory before they jump in. Unfortunately, were the suckers that get sacrificed if that happens.
I'm a little nervous with Advincula being on the call. It creates flashbacks of the last time Estape was on there. We all know the "tweaks" that followed that call. I've been told that Dr. A is on there to discuss training and other SAB related matters. He was just in China recently. I believe doing Titans bidding. Not sure what to make of it.
There will also be other analysts present at this call. They will be able to ask questions after, but it's closed otherwise. Hopefully we get more questions then last time. That was a joke. One lame question and that was it. Aren't people curious at all.
Still a big believer in Mc, however disappointed that he was not truthful about supporting pps after R/S and raise. He may have a good answer/response if asked directly about this, but was not impressed. Regardless I'm giving him one mulligan because he has accomplished a ton since coming on board. I know were at .06 but the company is in great position right now. I did speak with someone in the know recently about if they are still really excited/enthusiastic about SPORT. There response was "more than ever." Of course take this with a grain a salt...and it was not Randall.
My hope for the call is I will take boring all day. Confirm were still on track, NO DELAYS, and no raise and I'm having a couple drinks. Unfortunately I'm going in with lowered expectations. It just seems we never get nice surprises or something really positive from one of these. I believe BigT touched on this, but I don't think Mc and Randall would be travelling all over doing these road shows trying to get big money firms to jump in, and then pull the rug out from under them with a raise, especially so close to the last one. Maybe end of year, or Q1 2019 if the 3.20's aren't coming in, but not now...right???
2019 is coming fast. If we can get there with no delays and no raises it's game on. All the MAJOR milestones in 19. Again, any more delays and were screwed, but that's it. Another raise we can survive, but not wise right now IMHO.
GLTA
I'd be even sicker if I never bought ISRG to begin with around $11 and sold around $550 for a monster return...like everyone on here except one.