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You don't see how an executive team managing o/s on the eve of selling as one option is relevant? If you don't think so then you'd be the one calling them hillbillies. Let's look at it another way. If they are coming to market do you believe they have enough money to do that in mid 2017? I think the majority of us are skeptical of that. Therefore, regardless of their past positions of silence wouldn't it behoove them to generate some interest NOW to support share price and get those warrants exercised? If they are bringing a finished product to market themselves? I am not saying this is the case but as a theory it's about as good of one as Ive heard as I don't believe these guys are stupid. I think they are very calculated in how they are approaching this.
I'm in the minority as even though I've been burned with the timeline being moved in the 11th hour I still am bullish on Titan for all the reasons mentioned by guys like Rocko Taco, Daktari, Golf Pro, ORRep8, and Katalyst. Huge Market, great technology(end users impressed), not a lot of competition(which means plenty of space next to ISRG), blown away by Ximedica, IMPRESSIVE SAB, only downside is management that's not transparent and short term share price. The lack of transparency may come back to bite me but all of the other factors make me feel very good about titan. Just this guys opinion.
Long term, I'm in complete agreement with Colombian Dream House. You are not here to expand the robotic discussion. You are here to take focus away from Titan and drum up discussion of the other robotic company. It's gotten old. You are simply pushing buttons in the hopes of drumming up interest in the other company. If we are interested in what the other company is involved in we'll all come on over to that sight to engage you in conversation. We should be encouraging of different views/angles related to TITXF and robotics but when it's agenda driven to get away from what this board is about you are stepping over the line. If it keeps up I'm gonna come down on you and put you in timeout.
Not to mention brings in Coleman Lannum, Coividien M/A guy as her first order of business. I, too, think they are selling sooner rather than later. I don't buy into Honeys theory at all that JH is out to sell for discounted price to J and J. There a lot of smart people(fowler, Reiza) around him that I'm pretty sure wouldn't agree to sell this for a discount, unless their are unforeseen flaws and they just want to get out. In addition, JH wasn't their from the start. It would be kind of tough to strategically place him for that reason. I don't doubt that J and J has some serious influence here but this thing will absolutely get opened up to multiple big pocketed buyers. One of the main reasons I'm still in and holding long.
Are you hearing from any of your Wall Street contacts? Would love to know the whole story. Optimistically, I am hoping we hear something shortly regarding design freeze, prototypes built and the kicker.....we will be coming to market with a full robotics platform as the sport will be sold with the ability to utilize anywhere from 1-4 arms(per the earlier patent that was filed). Could the time line be what it is because they are waiting for some patent expiration that they anticipate will be happening in the next year or two? Also, isn't Hargrove 73 and Fowler 72? If thats the case do they really plan on taking this all the way to market in 2 and 1/2 years as that timeline suggests? There is so many things that aren't adding up for me and I think we're gonna find out they've been this secretive for a really good reason. All the disclaimers btw. I might be completely out to lunch.
Cue the great Dee Snider with .... "we're not gonna take it"
How did you find this out?
Absolutely. I think Bertners job, in addition to attracting Wall Street, is more about attracting potential buyers (covidien, j and j, Stryker, etc). One of the only actions we've seen from her group is to add Coleman Lannum as a special consultant. This guy was instrumental in the Medtronic Acquisition of Covidien. I think Mr. Lannum was probably tasked with keeping tabs on Titan. I believe the Titan team probably had in mind a number that they would be willing to sell for and were told it was unrealistic with just the one indication by a number of those players (ie the real market feedback). I would not be shocked to see an acquisition happen within the time frame you mentioned maybe even 1 year. I know some don't like speculation and I get why. However, I appreciate this as a means of brainstorming. When their isn't a lot of factual information coming out it causes you to make some inferences as to whats up? Of course, all of this is my opinion. If I truly believed they were planning to attempt to come to market in 2 and 1/2 years with cash on hand and warrants exercised I would be looking for another place to invest as I don't think they have enough money. It also opens them up for more competition which is sure to come in that time frame.
I keep hearing you mention tactile feedback. Tactile feedback could go either way at this point. If you don't get it right it could also be a major knock on the product. If the sensation that a surgeon is feeling doesn't correlate with what he or she expects to feel that's a pretty big deal. Their are many variables along that scale as every person won't necessarily perceive the tactile feedback in the same manner. So then what do you have? $500000. The most expensive product in the hospitals are the ones that aren't getting used. Hospitals are getting wise to this.
I'm sorry LTG but ORrep is absolutely correct in his assessment. These dust collectors have been plentiful in the past. They come in the form of technology trying to find an application or a niche. They aren't made to address physicians needs but are a bunch of engineers that got together and said this would be pretty cool. Now that I've gotten a good look at it I can't imagine surgeons going to this instead of Titan or ISRG. It would be like someone walking into verizon and saying I'm not interested in the iPhone or Samsung, but this blackberry looks pretty interesting just because it has one little differentiating features(qwerty keyboard) but completely backwards or sideways technology otherwise. I hope I'm wrong and it works out as I think their is room for many. I don't wish you to lose money in any way as I know your pretty highly invested. The other part to this is hospitals have changed tremendously in the way they spend. They are vetting out the dust collectors, just as ORrep stated. Just my opinion. Good luck to you. Hope you'll consider Titan.
CUIN this made little sense to me at the time and even less sense now. A start up development company without FDA approval has no business at a GPO conference this early in the game. They have a lot of better things they should be doing. They share videos to the general public but don't see the need to share those with shareholders. Why not?
If they've known about it, which I agree with you, communicating that earlier in some capacity would have made me feel a little better about things. I might be interpreting things wrong but I'm under the impression that design freeze has been pushed back. Hasn't that been replaced with prototype feasibility? Not back to square one but they are designing Sport with some tweaks and are evaluating several prototypes before freezing the design?
Couldn't agree more. One of the big things that I will be looking for will be a change in attitude in investor relation/communications. I still love the opportunity but would like to see complete 180 if I continue to invest the way I have.
Your giving them way too much credit regarding under promising and over delivering. This is their third crack at this thing. They are not gonna hit investors who were just burned with a conservative timeline.
If you know something then post it. Stop hiding behind technicals. If you don't, you only needed to share your technical Informatiom about falling below the 200 Dma 2-3 times and everyone is big boy enough to make note of it and act accordingly if they deemed the information important and something that they should act on. Otherwise you are just trying to shake shares loose and you should be ripped. If titan has a major flaw or is behind I would be very surprised. I think they are gonna announce that they continue to be on schedule but nothing major. If it drops to $1.60 I will be buying and that is knowing that I'm already comfortable with how many shares I own. I know what I own.
You once said that Titan would be bought out by the end of this year? Do you still feel this is the case? Why would Hargrove and gang settle by selling early when they stand to gain quite a bit more money when SPORT receives FDA approval and they begin to produce some serious revenue?
Cuin as you know both of these guys post on Titans board.
Good interview with Randall, Rocko. Wasn't their an interview with either Randall or Hargrove where one of them indicated they had hoped to be up listed and $5 per share by the end of the year or am I just dreaming? Long and Strong.
Any reps or medical device/robotics people on this board, please share anything that you can tell us about the doctors on the SAB. I'd love to know your perceptions of them, any background, and if you notice or heard they are dedicating any significant time to Titan?
Katalyst I gotta believe we would test $3-3.50 because that would derisk the stock a bunch for a lot of people. Would also mean a little ahead on the timeline.
So let me get this straight, you're gonna take the advice of some medical device financial guy who probably doesn't even have Titan on his radar, because he's not allowed to invest in them at this point, over all the surgeons, anesthesiologists, medical device reps, directors and VPs in medical, and materials people on this board who intimately understand this technology, competitive landscape, and market potential?
Hahahaha ..... I wish you good luck. Your contributions are enlightening. Thanks for sharing!
I agree with Rocko Taco here. Perfect opportunity to accumulate before design freeze is announced. Taco what are your thoughts on when we might hear? Any guesses on an uplist?
Partnership would not shock me at all. Who's gonna sell this thing? Neither would an acquisition. Your value is what anyone is willing to pay for you at any point in time and the company whose buyings decision could be based on a lot of factors(competition, market potential, other "big picture" factors that were not considering). Consolidation in healthcare(medical/pharmaceutical) is happening at a dizzying pace. The J and Js and Medtronics of the world are aligning themselves to win whole hospital contracts - one stop shops. In order to "own" the hospital you have to "own" the OR and , in the future, if you want to "own" the OR you better be a major player in Robotics.
I would not be surprised based on what I have seen, but also on what I haven't seen from Titan that some type of partnership or acquisition is the plan prior to or just as they receive FDA approval. As an investor, I firmly believe their value will only become greater the more milestones that are reached and they could probably get a lot more if they are willing to hang in there. All of this is my opinion. It will be fun to watch as it sounds like news may start coming fast and furious soon.
Thanks IITF. Great Info. This gets me pretty pumped. Could Amadeus be in the mix too? The value with both would be enourmous, IMO.
I thought you said a 3.5 or 4.5 billion buyout was coming? Now 10-15/share? What am I missing? I have to think from your own posts that you would be disappointed.
Let's start with $10 per share. How are we getting to $10 by year end? I don't think if they announced design freeze and CE mark we would be at $10 by years end. So how do you come up with that number? I just have trouble envisioning many scenarios at all where that might happen.
I was way off as usual. A good word of advice is if I start running my mouth one way be sure to invest the other way. You'll become a rich man quick.
I think you hit the nail on the head. I don't think we'll see any kind of movement until end of September or early October, IMO. Posters will get bitter with more low volume, flat share prices and lack of news and then one day boom, huge news(not sure what exactly) and we'll all be friendly, again. At least for a little while. It would really piss me off if they were this quiet and then drop a "we're a little behind" or had a small set back PR.
I'll take a shot at this one Frank. I think the reason for this is that someone at the US Patent Office has to research the patent submission in order to make sure that their isn't currently an existing patent issued to someone other than Titan for a similar idea and then has to properly document the Patent before issuing it, at least that's the way I understand it. Some companies(tech companies) for instance will submit patent requests at a rate of a couple of hundred at a time.
I understand what you are saying but nothing is illegal about general conversations about Robotics, building relationships with key opinion leaders and understanding the needs of financial people at the hospitals as it relates to robotics so that they'd understand you are working on something, the pump is primed and you are ready to go. I am also not suggesting that you hire an entire sales force at this time but they should be a high level sales and high level marketing person in place. If, in fact Hargroves daughter was working under these people and reporting to someone in these positions I would feel they were serious about bringing this to market in the timeframe that they've stated, IMO. I also think they are on time with their milestones that's why I don't discount an early acquisition or partnership.
How do you know they've put their blood, sweat, and tears into this? Just as certain investors have end games in mind, perhaps so does the Titan executive team. Their goals with this company may have changed. Or they may not have changed. I don't claim to know what their goals are. I could just as easily see them holding out and bring this to market. I just think some of their actions or better yet lack of actions aren't adding up if that's what their plans are. Do you believe they are on time related to their milestones? If so, don't you think they are behind on development of the sales and marketing teams? At this point their should be a leader of the sales / marketing function that is starting to meet with Key Opinion Leaders and CFOs/Materials people to understand the best approach to launching this and identifying the best and brightest to sell/market it. I don't mind them selling early if they get a huge return but I tend to agree that they will get a much bigger return if they come to market and have a couple of exceptional quarters of revenue.
In Medical and Pharmaceutical we are in an era of acquisition and consolidation. Most of the big companies, J and J, covidien, etc. are buying their technology from small start ups rather than developing it. It could happen at any time in the products development stage depending on perception and potential competitors.
I believe you may be right, IMO. They bring Bertner on for 3 times the amount they were paying Beverly Brooks and we haven't heard a peep from her. I wonder why? I have been a bit surprised at the lack of development in a sales and marketing team. If they are this close to bringing this to Market and a limited market release in the US, which they appear to be, shouldn't we be hearing more work around establishing sales and marketing if they have any intentions of going it alone? I know some have said they are trying not to divulge too much information to Intuitive. I don't buy it. If you were a small start up company this close to commercialization, even with enough funding, you would still want to ratchet up the anticipation for Sport in the marketplace.
A question that I have for the investors who have been following titan for longer than me - how far along were they in development of Amadeus before they changed direction to Sport? The reason that I ask is I have heard mention that quite a few patents are expiring on ISRGs DaVinici that were perceived to be barriers to market for Amadeus sometime over the next year or so. If Titan was far enough along with Amadeus wouldn't that look awfully attractive to say a J and J when evaluating Titan for buyout? They would potentially have two types of robots(sport/Amadeus) for the different needs of hospital/surgery centers? And if Amadeus wasn't that far along their should still be some value in the intellectual property? This might not be factored into investors valuation of the company? Should it be?
That's 2 people in Daktari and TitanGold who think the milestones have been moved forward. This is significant to say the least. It begs the question, if this is the case why no press release? I would think we would be at $4 share minimum with news that milestones have been moved significantly forward - IMO, of course.
Hello and a little help with something. This is my first time posting. I've been reading for about a year. Really have enjoyed the quality of the Titan board as opposed to others. Thanks for all the insight. I am a Titan long. I was hoping someone could help me with a question regarding Titans website. I know not long ago someone, can't remember who, mentioned that they thought the milestones had changed. I went back and looked at them and didn't notice any changes. I believe this was the consensus of the board as well. Anyhow, a colleague of mine who is also invested in Titan said that he believed the milestones had been updated. I checked it out (last night) and I'm pretty sure the timeline on some things have had some additional information added and some of the milestones have been moved forward. It looks like in the bullet points that they are anticipating FDA approval in 2nd half 2015 as well as product launch in the 2nd half of 2015. Am I correct? I could have sworn they were initially saying this wouldn't happen until 2016. Thanks in advance for any help you could lend.