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I've stated that the 2016's are gone. I believed that some of the 2017's are gone as well. I agree now and believe all are done. There is only one set in 2018, I think they will exercise. We are giving up dilution with their expiration, however raising money at these levels will amount to higher dilution over what was expected. These guys, by resetting the clock, know this. They are giving up these warrants knowing further dilution is inevitable. They are trying to lesson the hit by letting warrants expire. It's a shame that the pps isn't higher to cushion the blow.
Nice choice. I like it. You need a shark in these waters.
He will be gone entirely in 6 months.
Finally some good news.
Many of us have said he was over rated.
Take your daughter with you. Please!!
How is the audience's demeanor? And approximately how many showed up? What is your overall feeling based on what you heard first hand?
And thank you again for all your information.
Thank you. Any guess as to how much they might need in 2017? I know they haven't put a budget together yet. Educated guess from anyone?
Heavy dilution a strong possibility if they don't get creative. Fowler said 2018. Is that CE or FDA?
Any details as to where they are financially? Expected burn rate / additional funding? Anyone ask about expiring warrants? Plan going forward to minimize dilution and have enough to get to the end goal of selling the product?
Agreed. Kill off these warrants.
I'll say it. Good call. Not sure if I fully understand it. Lets see how the rest of the week goes.
Not yet. People are still selling. I am not buying at a declining price. For the record, i have been sucked in a few times at a higher price.
I don't disagree, however, 2018 is too far out to call. There could be an announcement of a major partnership that potentially puts those in play. If there is an infusion of dollars, I believe it will soon be disclosed but not out to 2018.
Nasdaq will not happen until they are selling units. Big boys acquire more pre Nasdaq.
Somebody will eventually step in and buy a lot with no news. When that is done, the bottom is in.Someone stated that the device was sound. I believe that was a physician. I agree. Why show it only to pull it back, extend the timeline and build more units?
It is idiotic that this keeps trading down.
Patents are worth more. People get spooked, plus the fact that the big players move this down to try and get in to maximize value.
Titan is trying to be less dilutive. They played their hand too quick. Bib boys are controlling their future knowing full well that they need dollars.
Verb cannot come thru in that time frame. Their only hope is to partner with a viable solution. That leads to Titan. The delay is due to integration of both technologies. Titan is much further down the road and Verb has unique software capabilities.
By the way, somebody else is running the ship. They will not let the shares get out of control. Large companies look at the bottom line and are maximizing share holder value, which is tied to their compensation.
I do think less. By they way, I enjoy you posts.
Point of clarification. 2017. Upcoming warrants based on extended timeline.
I understand perfectly.
I don't believe these warrants upcoming are going to be exercised. They will continue to issue some dilution as these warrants drop off.
Someone will step in with a bridge lone for ownership.
I disagree respectfully. I believe dated warrants go away with their restructuring and expanded time lines. further dilution on the front end and then someone steps in to help them to the finish line. No way they get to 290 MILLY OS. I agree, these guys are stupid, but not that stupid. Not sure what the dilutive share will look like so lets just sit back and see.
I believe the recurring were based on service agreements and disposals.
He mentioned a 10 billion opportunity which I think is very bold.
Totally agree with your last paragraph. I believe whoever they are partnering with is calling the shots and don't care about PPS. Therefore their share involvement / ownership of the company due to a low ops higher. I believe these guys showed their hand early and are being outplayed.
Titan, I believe is a sound technology. We just had very bad poker players representing us.
Should have gone forward with existing system and worked with the partner on generation 2. I believe the partner wants everything incorporated which tells me there is a JNJ connection. They(JNJ) never have a sense of urgency. They (Titan) should capture marketshare with a highly competitive and competent robot now. Waiting is lost revenue in the start up World which again brings me back to a big player. i.e. JNJ.
I qualify based on your 100K+. I have quite a bit more and had a conversation with my broker about that possibility. He agrees that they should reveal that strategic partnership and get a similar deal that Mazor did with MDT. Most of these start ups will get a partnership (money) as they get closer to lessen the dilution. Warrants will expire in 2017. Not being a warrant holder, Im OK with that.The problem is price per share. If they do reveal a partnership, then warrants could be exercised along with a partnership which essentially allows that partner a percentage or share of the business.
I mentioned something similar to this 1 or 2 years ago as I recall. With the timeline being pushed out, JH and company may not mind expiring warrants. Bring in more friends at a lower cost and ultimately satisfy their partner.
Just a quick and brief thought I have been thinking of. Hopefully it makes a little sense. I would like to see what others think.
Im a little nervous, but believe we have something big here.
Very well done.
You are spot on.
They will surely dilute again as the next few sets of warrants go under water.
They will partner or borrow money when they get closer to verification units being completed.
Two more years.
Not seeing any trading.
Is there a halt?
I did not leave message for the exact reason of spooking him. I think Cuin's message was sufficient. Let's see if he responds.
Just called. Confirmed. Someone please fill in the blanks.
Thank you.
Cuin, I've followed you for awhile. You seem legit and you are one of few that I read. Don't always agree, but most times I do. I am sure others feel similarly. Why don't you make a call and report back. I'm sure many will listen closely to your comments. I know I will.
10 billion revenue or market cap?
Any time frames being discussed?
Please keep posting relevant information. Cant get on call yet.
I agree with that.
Fowler is the only one that makes them a player.
Just curious as to what the Medical Advisory Board thinks.
Im surprised that someone on this Titan board has not been able to get to one of them,
Titan is the only true competitor to ISRG. Same arena. All those other robots are in different fields.
I can't believe / but can believe the author of that article stated Titan was for Sport injuries.
These guys need more exposure or else, I really hope they have a big end game with a large company.
We are golden. TRXC as we all knew was crap.
Not concerned about other robotic companies being bought. they are not the same comparisons.
ISRG needs and will have competition. Titan is that company. Not on the limited multipart cases. On single incision. General surgery and so forth. The bulk of cases. Also doing it at a lower cost and casting a bigger footprint. i.e. more community hospitals and surgery centers expanding the market.
Be patient. It will happen.
Sorry. Just trying to do a math exercise. It looks like a lot under Canadian. U.S. Looks less. Example: if you had 200 m outstanding at an average cost of one Canadian dollar that equals 200 million Canadian dollars. Probably 150-155 U.S. Dollars. It just looks better when you do the conversion. Sorry for any confusion.
Correct. There is also 72 million still outstanding in warrants. This is all Canadian numbers. TITXF in U.S. Equates to about 116 million outstanding. I'm guessing that the warrants equate to around 56 million or so in warrants. A little over 170 million total in U.S. Dollars.