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Somebody do the mah. Honey , you're good at it. How much is left of the shelf? How many warrants out including recent offering? Overall diluted shares if all exercised? What happens if they take more or all of the shelf and the next two sets of warrants expire? Do they need them if they use all the shelf? Less dilution if they can get by without the next set or two exercised.
Yep, I saw it too. Did you notice how difficult it was for him to switch out the broom for the mop? Not very user friendly.
'm in as well.
I'm in as well.
Something to think about with the weekend coming up. We are bouncing close to the 200 day moving average. Does it go thru or pull back to low 80's next week?
Don't think today is the day. Just think if the price gets close to where warrants may be exercised then they choose to use the shelf financing. PPS would drop leaving warrant holders with expired warrants. Less dilution.
Any possibility of taking all the shelf, suppressing price per share and a large amount of upcoming warrants not being exercised. Bad for warrant holders, however keeps from diluting stock in the future. Haven't done the math to see if makes sense yet. It's Friday afternoon and am not taking things too seriously.
I personally do not believe JNJ will buy TRXC. If they do then I would not worry about JNJ being a serious competitor for awhile. Stranger things have happened. People and yes companies make bad investments.
I agree with you. I really can't see a power house taking out a technology that is second rate at best.
I would say yes. My guess is that they believe there is something there that they can integrate some of their technology to better it or sell it to someone with deep pockets that can take it further. Deep down, I believe it is old technology that will never pose a threat.
If ALF was any good with a current CE mark, it would have sold for more than 99 million.
I am not sure who you are; I have not seen any of your posts. That being said, I agree with what you are saying. Very well put. What is your background? Would like to hear more.
It's all about tax loss. I will be selling quite a bit soon to offset my gains. I will also buy back next year lowering
my cost basis. This stock will be a home run. Management has mishandled the PPS. The technology will prevail despite their inept ability to manage.
Prediction: One of two scenarios that I see coming up.
First: they have some great news in the next few days that they have been holding back that will catapult this stock so that the warrants will exercise. I personally believe these guys are not that smart and the likelihood is minimal.
Second: they don't care about the upcoming warrants and possibly the next set; as I believe they will use a larger portion of the shelf offering to fund their operations.
At the end of the day, we are slightly more diluted due to shelf offering minus outstanding warrants.
I am afraid we will see another year of low PPS.
Good Post.
This is where Bertner should be earning her money. Where is she?
Could be year end selling. Taking losses to offset gains. Can buy back at 30 days and lower cost basis.
Shhhhhh... Be very quiet and don't breath.
Don't jinx it. Mr. Market lulls us into this false sense of security then kicks our $$s.
What's a few more at this point. When it moves, you'll make up ground quick.
I bought another 20K early today. These prices are low. Their IP is worth more than we we are. If these guys can't execute, I'm not worried at these levels to buy.
Amen
15 would be a disappointment. 18-24 was my original thinking, then revised upward based on execution. Question? After these units are built and gone thru clinical a, what are everyone's thoughts on being able to build them in large quantities in a small amount of time? Will demand exceed their ability to produce them?
Then what?
We all waited for that. I could of had a third grader present something more exciting.
These guys are really stupid.
Thanks
I suspect that they will raise more thru dilution due to needing 30 million by end of 2016.
Any feedback from anyone???
The Company intends to use the net proceeds of the Offering as follows:
?Build five first in-human units of its SPORTTM Surgical System
Fund anticipated negative cash flow from operating activities and working capital
Total Net Proceeds
Notes:
(1) Canadian figures are based on an exchange rate of USD $1 equals CDN $1.3158.
Proceeds from the Offering(1) US $5.48 million
(CDN $ 7.21 million)
US $1.37 million (CDN $ 1.80 million)
US $6.85 million (CDN $ 9.01 million)
?Please see “Business of the Company – Development Objectives” for a detailed description of the development milestones of the Company and the estimated costs associated therewith.
The Company intends to use the funds available to it as stated in this prospectus supplement; however, there may be circumstances where, for sound business reasons, a reallocation of funds may be deemed prudent or necessary. See “Risk Factors - Risks Relating to the Offering and the Units”.
Additional funding will be required, despite completion of the Offering, for the development and commercialization of the SPORTTM Surgical System, currently estimated at approximately US $57 million. At September 30, 2015, the Company had approximately US $10,085,394 in cash and cash equivalents and working capital of approximately US $3,644,644 excluding warrant liability. The Company anticipates that it will be able to continue to operate for 3 months from September 30, 2015 based on the current amount of its cash on hand and short term securities and its current rate of expenditures, not including the proceeds from the Offering or funds received or receivable from Longtai in connection with the Letter Agreement. If the full proceeds of the Offering are received by the Company, it is expected that the Company will be able to continue to operate for 5 months from October, 2015 based on the current amount of its cash on hand, short term securities, the proceeds from the Offering and its current rate of expenditures. The Company expects that approximately US $30,000,000 in incremental funding will be required by the end of 2016 to maintain it’s currently anticipated pace of development. If additional funding is not available, the pace of the Company’s development plan may be reduced and the Company may not be able to continue as a going concern. See “Risk Factors”.
I meant some people happy who are buying at these levels. Most people upset at how this appears to be mismanaged.
Good post. Seems logical. They needed some money in addition to the upcoming warrants. Still not sure why to raise money now. If good news is coming, why not wait and get a higher price with less shares offered. They are definitely making some people happy at this level or buying.
They probably have some good insight as to what Titan is up to.
Price is down, friends and family along with a very big interested party is going to get in cheap,
1.236
No. It is rather entertaining and challenging at times to sit back and watch though. By the way, 1.20.
There is something not above board with Point. Cant figure it out.
They better sell way more than 60 million before the FDA gives them the thumbs up. Otherwise, they are in the wrong business (management).
Really? 60 million by 2020. Ill take the over. Not very well written in my opinion. Anyone else have a comment?
I like your thought process. It could lead to manufacturing.Regardless, I believe we are headed up from here.
agreed
funny
good point
One of my concerns has been there ability to mass produce this as demand goes up. Could this connection also be an answer to production. Only down side is, Chinese?????
Titan exists and it will make its debut soon.