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But again, you're trying to equate paper numbers to actual money. Which has a more negative effect on you, missing out on an opportunity to make $25,000 or writing a check for $25,000 to invest in a venture that goes belly up within a year? I think the answer is obvious.
He doesn't stand to lose anywhere close to what you and I stand to lose in this. I'm not sure why this is so hard to see.
I understand all of that. But he still doesn't have any of his own money at risk like all of us do. His risk is depositing $200,000/year into his checking account and missing out on the opportunity to make millions. That isn't the same as or anywhere close to investing millions of his own money and risk losing that. Or the risk other people take who invest thousands and in some of y'alls cases, hundreds of thousands of dollars of your own money. It's not even comparable.
At the end of the day his risks are investing his time, making only $200,000/year and lose the opportunity to make millions in options.
Where as what you and I (and others) stand to lose is a lot more because we've actually put our own money on the chopping block.
I think they are options he can exercise if he chooses to. So if I'm not mistaken unless he's actually cut a check for them he's not on the hook for $4 million. Compared to me where I've actually taken funds out of my checking account. I don't think he's done that. Am I mistaken in this line of thinking?
But regardless, at what point (if any) does he start to consider his own profit making potential when deciding to pull the trigger on raises?
Question regarding further dilution and McNally's stock options. Before the R/S McNally had 8 million in options. Post split he now has 266,666 options. I know many believe we haven't seen the last of dilutive offerings. Seeing that Mac hasn't put any of his own money into any of the raises and everyone keeps saying that his "carrot" or incentive for making this work is he has all those stock options at stake at $15.20/share.
So in following this line of thinking, at what point does Mac start taking into considering his payoff when it comes to continuing to raise money and dilute not only everyone else's shares, but his as well? Especially seeing he's not buying shares to offset the dilution on his own options every time we do an offering.
Thanks for the response '66. When I say "blunder after blunder" I specifically have several instances in mind:
-How the raise in November was handled with the sandwiching in of extending the timeline by over a year I think had the optics of dishonesty and/or deceitful.
-We all keep talking about hitting warrants yet management doesn't seem to give the PPS time to even appreciate to a price to exercise warrants. The PPS was climbing into the .50's then all of a sudden we get hit with a dilutive offering and the release of information that we've been delayed over a year.
-McNally publicly acknowledges the importance of the timing and execution of the RS/uplisting and having information put out to support the SP. But to date the stock post RS is down approximately 80%. With zero effort by management to support the SP. Why? What would be the reason behind acknowledging the importance of supporting the stock then not doing anything when it uplisted?
I don't know what else to call it. If these aren't blunders then they almost have to be categorized as intentional moves. Which would put this into a much different conversation. How the last 10 months have been handled have been mind numbing in a bad way. I don't think anyone argues that ultimately SPORT will be a success. But for those of us who can no longer put in to fight dilution, are we going to be diluted into oblivion when we didn't have to be? That's where a lot of the angst (I believe) is coming from. No one is arguing SPORT won't be a success. We all think it will be. But will many of the longs be on the outside of the party looking in holding an empty bag?
That would make complete sense. They've been reference several times, but I bet those Mississippi doctors won't be putting anymore money into this anytime soon.
Honest question BigT, what exactly do they have to put out there to get into the warrant money over the next three to four months? It seems outside of truly major announcements such as design freeze. Nothing moves the needle on this stock.
With all due respect '66. Most of those who aren't being good "SPORTS" about it are the ones who can no longer dump money into this investment. Those who are still able to dump thousands upon thousands of dollars into it in order to offset further dilution seem to be the ones who have an easier time being good "SPORTS" and displaying good attitudes even though management seems to make blunder after blunder.
However, people who can no longer pour cash into this investment are more negatively impacted by management's screw ups than those who can simply pull another $10,000 out and continue to average down when management decides to do another dilution. So I would hope you can understand that having an upbeat and positive attitude is much easier for some than others.
On another note, from what I see, the only time those like you and BigT are directly "attacked" is when you or both of you actively criticize posters for not having the same upbeat and positive attitudes y'all do. My suggestion is if you don't want to be personally singled out then simply don't criticize others for not having the same upbeat and positive attitude you do. Just ignore it. But that's just what I see. Others may see it different and that's okay.
I do want to end on a positive note. I do appreciate all you and BigT bring to the board. I enjoy reading 95% of what y'all offer. We're all in different situations from an investment standpoint with this stock but we all want the same thing, and that's for it to be a success and for all of us to make money. So good luck to you and to all of us and I hope this post doesn't offend. Because that wasn't my intentions.
I can really call BS on it. I've got an in law who actually works for Medtronic and I spoke with him shortly after new years. They were originally supposed to launch their robot 2019. Not happening. At best they will come to market around the same time SPORT does. But he said more than likely after.
I notice I don't see some posters here referring to him as "David" anymore either. As if they played golf with the guy twice a week and had he and his family over for cookouts. The guy hasn't put any of his own money in, yet has tried to convince everybody under the sun to invest theirs. He's shown zero fiduciary duty toward the value of longterm investors, been outright deceitful about timelines, raises and uplisting. Other than that he's a very honest and upstanding guy.
The problem isn't with "this has happened to other companies". The problem is when the CEO specifically says that he understands and is well aware how important it is to support PPS after a R/S. Leads investors and potential i investors to believe he has a plan to do just that then when it happens does nothing. That's the problem. Not that this happens to other companies.
Do you not see the difference?
Outside of design freeze announcement. What exactly will "make it rise"? The PPS is steadily going down almost on a daily basis. Design freeze isn't for another year. Which at this pace would definitely put us under a dollar in SP. What has to happen for the shorts to no longer be able to "short" the SP. Because right now they're beating it like a rented mule.
Yep, the guy completely screwed the pooch on the RS/uplist. Claimed he knew how important it was to be able to support then completely crapped the bed. I wouldn't be surprised if there was another RS done before it was all said and done. It wouldn't surprise me one bit if we didn't have ANYTHING between now and design freeze to keep the stock from going under a $1. He mislead a lot of people into dumping a lot of money into this. I wonder what the doctors in Mississippi are thinking bout right now?
McNally really doesn't have any of his own skin in the game. Yes, I do realize he has options, but that isn't like coming out of pocket with your personal money to purchase shares. His options are like incentives. If he doesn't get the PPS to his strike price he's not out any of his money. I think it is highly disturbing that he hasn't participated in any of the raises. Speaks volumes.
Honey, assuming this will be the final O/S and we hit on all milestones through FDA approval. What are your estimates for share price and/or buyout price?
Do you have any idea why there isn't hardly any insiders buying? How can that not be viewed as concerning? I mean my god, if they believe SPORT is what they're trying to convince others that it is. Then why wouldn't they be scooping up shares left and right as well? Especially at these prices.
But hey, "David" said they've got 15 pre-orders for SPORT units just waiting. You mean you're not going to go borrow $50,000 and take advantage of these bargain prices? I mean, he said it, so golly gee it must be true.
I'm saying just because someone says they have pre-orders of units doesn't mean its true. Then I went on to point out other things that same person has said that turned out to be untrue to prove my point. How you took that and jumped to I said the company is worthless is beyond me. How in god's name you got that from what I said is actually amazing.
Mac also said there would be non-dilutive funding and that he knew how important it was to support the SP on uplisting. Talk is cheap, about 2.05/share cheap.
LOL!
Impressive isn't it?
I recall not too long ago someone or a few someone's saying no way this goes under $3. Then the prediction was "no way this goes under $2". Well, looks like we're headed to under a dollar.
I wonder what is the record for the shortest debut on the NASDAQ before being kicked off and back to the OTC? Are we in the running for that trophy?
Man, I feel your pain and I completely understand why both you and Mint stay pissed off and ornery about this stock. This has officially turned into a clown show and the clown is wearing a mint green suit.
Do you think it's gotten to that point? I'm sincerely asking. I am just shocked and disappointed at the same time as to how "David" supposedly knew that an uplisting had to be handled the right way and was well aware of what had to be done. Only to have seemingly stuck his fingers up his butt and sat back and watched the train wreck. Might be an indication why he hasn't participated in any of the raises. That has always been a red flag. Has ZERO of his own skin in the game.
Okay, but that's not what that quote seems to state that SPORT19 posted.
This is what's most disappointing. SPORT19 posted this last night. They only have enough funds from this raise to meet development milestones to the end of 2018. They estimate from that point they need another $52 million. This statement sounds like the groundwork for a future announcement of extending the timeline even further and increasing the funds needed. Which more than likely will happen. My guess is 2020 FDA submission ain't happening in 2020 and this statement seems to be preparing us for that in a subtle way.
One thing's for sure, "David" had no plan at all to support the uplist which tells met his was nothing more than a desperation move. That verbatim statement you posted basically says we're dead in the water. All the "institutional" demand waiting on the NASDAQ has turned out to be a fairy tale. There's no interest in this stock and won't be for a long time. They've got several more dilutions to go to get $52 million and after they get that. THEY'LL NEED MORE!!!! LOL! Thanks "David".
Good lord almighty. It never ends does it? This is like a money pit. They keep moving the finish line and the money required to get there. I wonder if "David" participated in this raise or if "David" is still standing on the sidelines letting the rest of us buffoons keep dumping our money into this money pit. Wow, just freakin' wow.
Why would anyone buy at that price?
If we all had a nickel for every time someone made a claim as to what this stock should be worth. We all could have long gone to Vegas and had one helluva a party.
You are probably safe. It wouldn't surprise me one bit if we went the entire week with no news on the closing of the offering. It's just how Titan operates.
I can only imagine how pissed off those doctors are right about now and no telling what they were told to get them to invest when they did.
This has been standard operating procedure for them no matter what exchance they are on. It was this agonizing way on the OTC. The closing of an offering would linger like a bad case of herpes. So I'm not really surprised that this one is playing out just like they always have.
Unless he was completely oblivious to this during the negotiation of his compensation package. It would have to be that the plan all along was to sell or partner up. If not, then yeah, he eff'ed up.
8,000,000 shares in options pre 30-1 R/S. Isn't his shares divided by 30 post R/S? If they are, then 8,000,000/30 would equal 266,666.67 shares, correct? That's how my shares were divided as a result of the R/S.
They are a year and a half from FDA submission and even less than that from design freeze. If they do another R/S between now and then I would suspect management would be applying for aliases in the witness protection program.
If their intentions are to go at it alone wouldn't they have to revisit Mac's options to ensure he made money? Because to go at it alone would mean A LOT more dilution down the road and he's currently sitting at 266,666 shares in options. Am I wrong in that line of thinking?
Agreed. There needs to be a statement of that nature from him to shut the door, put to bed or any other corporate lingo, to the funding uncertainty that has primarily kept the PPS in the dumpster.
Well, we get all "gussied-up" for the prom and our date hasn't shown up.