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I have said this before and you can check. I believe that the Jun, Dec, and possibly the Feb's expire. They moved the goal posts when they decided to go after broader indications. I believe this is in our best interest. Less dillution. Possible debt will be taken on. Less dilution of stock as they get closer to approval. These guys have an end game. The only thing I have been concerned with was regarding JH ability. I still do not believe he is that good. We have a good product, however they have to execute.
Free 100% also. Some people need to look up the pitfalls of a R/S.
Look at what did to TRXC. May be a bad example due to the crappy product. But it did go from 14-4 quickly. CUIN is right. I for one would be gone so quick with many others. R?S is desperation telling you that mgt has no faith in their company. Be patient and hit the milestones. Even this mgt team can't keep this down forever.
Agree 100%.
Good points. If timeline does move up, it makes them more attractive to some of the large companies looking to build or but units.
Aren't there rules and financial worth to purchase private placement? I am not where I can look it up. Could someone google the requirements please?
Not sure. Although they don't have to devulge all the details, it is highly recommended. # of shares and especially who they are selling to. That piece could fill in a lot of blanks.
Anyone else have any thoughts? Or is it nap time. Very quiet.
Good pick up. Private placement verses public offering. Somebody big wants in or possibly several rich entities.
Could have been present at the private showing at Sages. Can anyone else confirm Verb CEO with Hargrove?
I say, get your money up front which will dilute he stock and suppress the PPS. Next set of warrants go I exercised. Dec and Feb may also if they dillute now. Overall, more dilution but not as bad as it could be. PPS stays low for another year. Car comes late and they start selling after Feb expires.
Just a thought.
Agreed. I have done this a lot.
R/S is death.
If a company can't succeed on its own, they have a tendency to try and manipulate. Titan needs to succeed where they are. Look what happened to TRXC. 14 to 4(which is high for them lately). We have a good product, don't cheapen it.
I understand the access to mutual funds etc. Those are well schooled people who will not look upon a R/S favorably. Be patient. They will get there whether they raise more money, replace their CEO (who I think is subpar) or partner.
Trust me, being quick to go into a R/S is negative.
IMO.
Sit tight. The timeline continues to get pushed out. Maybe not the grand slam, but perhaps a stand up double or slide into third. These guys can only trip over themselves for so long. Hargrove is not young enough to go long term. He should of had this one cued up. He may never see this through. His grandkids may.
Respectfully, a R/S is the kiss of death. We have a viable, excellent product that has been mismanaged. Get the money (all you need), don't worry about next two sets of warrants (less dilution. Take on a little debt as you get closer. The problem we have been facing is a lack of leadership. This is a home run, unfortunately, these guys being non VC and non start up sat back and hoped it would take care of itself. It all starts at the top. This will still be big but not as much as it should have been.
Next set out of the money.more than likely they will not exercise.
They better raise it now and be done.
Cant afford to go back again since they have opened the barn doors.
Execute please.
This is getting ridiculous. Show me the money.
Good product.
Crappy execution.
Poor, very poor CEO.
This is a start up , not JNJ jr.
Good point.
Choices are:
Sit tight.
Get out.
Cost average down.
Regardless, more dilution and a longer wait.
I think Phil saw his shadow and its going to be a long winter.
On a serious note, I would be concerned about Long tai.
Think about this, these guys / gals rolled this out to a new set of investors who just got rolled.
Welcome to our club all.
Tells me we are a ways off. If we were close, take on debt. In today's financial markets, money is cheap. If they don't get a substantial amount here, there will be more dilution. What does this mean to Longtai?
Hang em high
Sorry. Responded to wrong person.
No disrespect. Please look up the pros and cons of a R/S.
No way. Too close. That would be the death. Debt is s better alternative.
Going back to the shelf?
Long tai?
Taking on debt?
JH resigns or is fired?
What now?
Ditto that. Where are u seeing that?
Nice service you have provided to all. Single port has its own footprint in this market. No one other than ISRG had entered into that. Amadeus is in the closet waiting to be unleashed after Sport kicks $ss.
Hopefully this new group understands the urgency and financial impact. We need to canvas the market / hospitals and aggressively educate on what is coming. Time has hurt and even killed some great companies.
I hope these guys in charge at Titan understand the urgency and start working 24/7.
They really have a winner. Execute guys/gals.
Correct. ISRG will move quickly. We need to step it up. The market is big enough for both, however, if Titan delays, they will pay a dear price in PPS.
The only good I see in this announcement, it educates the market on the importance and need for Single Port.
Titan desperately needs all the publicity they can get now.
One question: What do you think of the possibilities of an IP lawsuit or an injuction against ISRG?
Titan does not have the funds at this point to go after ISRG.
A little concerning to say the least.
You guys obviously keep feeding the idiot boy based on what I am reading. Put him on ignore. By the way, great job on the reporting from SAGES. If they could fast track this, I say take on a little debt and don't go back to the well for any dollars and additional dilution. Debt can be your friend at this point. Money is cheap and it will eventually be paid off quickly once they start selling.
Only question I have for Titan: 'Can you mass produce this?' Demand might outpace production.
Wow. I sure would like to see a 3-4.5 billion offer.
You really give it too much credit. It looks like you are trying to find coins on a beach with a metal detector.
If the next sets are exercised, perhaps there is very little shelf use, however if they are not exercised and a lot of shelf use, you can back those out of the equation.
What do you think? Do they have enough to get within striking distance and then perhaps take on a little debt, which would only be possible if a lender feels they are within striking distance?
That may be a little high. I am still in the camp that the next two sets of warrants may not exercise or at least the majority. I believe pushing out the milestones due to increased indications caused them to go for more shelf money thus possibly eliminating short term warrants. Also, as they get close, bringing on a little debt verse dilutive shares is not a bad thing. Regardless, the point I was making, was we are in much better position financially and technologically than the other guys.
Also, keep in mind, they state around 400 million market cap with a $4 stock price = 100 million outstanding. They did a 5 to 1 reverse split meaning that they had around 500 million outstanding at one point. The stock plummeted and has never recovered. As bad as we think we have it, TRXC will be out of business before the door opens. When all warrants and shelf at Titan are done we may be at 150-160 million at outstanding shares and ready to go to the market with broader indications and a bigger foot print. Titan will expand the market and take some share from ISRG.
Will this meeting have the ability and space to show and demonstrate the actual unit or will it be discussed with video thru a series of one on one meetings and presentations?
You first have to ask, Is this single port system truly a game changer. If it is, not only do they compete on some level with ISRG, but they expand the market as projected and become a significant player. ISRG has a market cap of 19+ billion with sales roughly at 2.5 billion. If Titan over several years can get to 600-700 million I annualized sales, I could see a market cap of 5+ billion. If there are 150 outstanding, 32 ish in stock price. Someone looking at that and saying I'll give you 200-300 million or maybe 400 million (don't really know) because you fail to get to market, that would be a steal. I don't know, 2.50- 4.00 bucks if they can't execute and given that their patents are sound. Someone with deep pockets could inherit a windfall.
Any thoughts from anyone?
I can't imagine this going lower. Market cap is ridiculous with this technology. I would like to see a little rebound in PPS before they go back to the well. I'm still not convinced that June warrants exercise.
I've been involved with startups but this one has me perplexed. I don't doubt the technology. I have always been Leary of Hargrove and the JNJ background. This is the first one OUS that I've invested in. I have been in for 5 years and continue to average down accumulating more shares. Wrote off some against gains last year.
Serious question. What's the likelihood they can't raise money? Should they take on a little debt? They appear to be cutting it close. What is the likelihood that next set or two options not exercised?
The patents are worth more than where the market cap is. I plan on adding once I feel this price is stable. What happens to PPS when they go back for more cash?
According to their website, they will exhibit at booths 501 and 600.
Meant math not mah