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If you bought in prior to the R/S you are already at penneys on the dollar. It has lost over 96% since I bought in. I know there are some that got in at a much higher price then I did.
I Have been reading this board on and off for 5 years, but have not posted in a few years. I suggested in 2016 Titan contact the Gates foundation (or another philanthropic foundation) for the needed money in exchange for a promise of machines, training, and maintenance to some number of poor hospitals. If Sport is truly what we have been lead to believe, I would think there are numerous billionaires willing to fund it for getting their name out there as the sponsor.
I am still holding the shares I purchased in 14/15, thought like all longs the numbers were drastically reduced by the R/S. My current cost basis is approx $12.00 a share, I have considered purchasing more shares during past raises to bring down my cost, but did not out of principal due to my not being able to purchase accompanying warrants on the US market, (and yes I realize I may have been cutting off my nose to spite my face, (not the first foolish thing I have ever done) but in retrospect it saved me money) I also stated in the past my greatest fear is that they may finally bring this thing to fruition, only to be tied up with patent infringement, valid or not.
Win or loose, this will not alter my financial life drastically either way, (but I fear there are some who may be badly hurt) I am sure like most here I am tired of delays, raises, like many here I remember when Mc coming on board was our salvation, I also remember when all the posts were stating switching exchanges was going to fix everything. It appears nothing has been fixed, I fully realize with starting over from scratch, and developing something new can be an open ended project, but generally speaking open ended does not really mean no end.
Here we are years later, with more delays, raises, and still it appears we are where we were when I came on board 5 years ago. I still hold out hope, but want it to end.
GLTA, may the nightmare end
Speaking for myself, I do not want a buyout, I would prefer to ride Titan to the end. I believe if we are bought out it will be long before Titan reaches it's potential value, (and I further believe it will only increase in value with time once it is commercialized). At current price you would get one share of J&J for about 17 shares of Titan. J&J is a good stock, but I have not stayed with Titan for years to get a annual return of about 6%. I realize the stock would rise on a buyout, but not to the level of possible returns I believe Titan will be worth if we go it alone. I have two main fears concerning Titan: 1, is that some large player will jump on it at somewhere between $15 and $20 leaving many investors with little or no profit after years of investment (and yes I am aware of the poison pill). 2, as I have said in the past my biggest fear is a large player will tie us up in court over patents (factual or not, and yes I am aware we have the best patent guy in the world). I sincerely hope I am wrong on both concerns.
Once on the NASDAQ you need to remain above $2 to stay, I do not know how long they will tolerate a stock below $2 before putting you off.
Am I correct in my interpretation of what I just read on Yahoo, that the warrants again will not be available to buyers in the US.
I was the one who stated yesterday that according to my research we would have to hold above $4 for 90 days to up list to NASDAQ, then remain above $2 to stay there. Mustang stated the RS might allow otherwise (I put more faith in Mustang then any other blogger I have read on here, he is a gentleman and states only facts as he sees them, no name calling or hysterics, but I am not sure about the RS allowing an immediate up list.) I hope he is correct. Additionally, I have stated for years I am a long on Titan, and had planned to quadruple my holding two offerings ago, but did not on principal when warrants could not be purchased in the US. I have also stated my biggest concern ref: Titan going to market, is not the timeline or management team, it is patent infringement, last time I brought this up I was poo pooed and told I was crazy. I am not saying it is true, but I believe the big players will do what ever they can to ensure Sport does not get to market, and that includes tying it up in court for years. I expect Titan will close down about 13% today or around 90 cents (US), and will get a small bump tomorrow, after that it will linger up and down until some good news comes out. All that said I still believe patent infringement will be out biggest concern.
In addition to my last post, there was a lot of negative talk about reverse splits, I have been involved in three in the past. In two cases the stock pretty much fell into oblivion, in the third it was to get back above $2 per share to remain on the NASDAQ, that was about 6-8 months ago, the stock is now trading in the $40's, so it worked out great.
When they first started talking reverse split, I looked up the rules to up list to NASDAQ, according to what I found a stock must remain above $4 US a share for a minimum of 3 months and once up listed it must remain above $2 a share to remain on NASDAQ. There may be special rules that I did not see, I hope I am wrong, and we can up list by the end of the week
Mustang
I have the greatest respect for your posts, and have stated so in the past, you are one of the few here who states the facts as you see them with decorum, and class, no name calling or degrading.
I did not flip at all, I stated in the past that I was concerned about patent infringement, I am not saying we are infringing on any patents, what I am saying is that filing a lawsuit is a common way large corporations tie up and stall little guys from getting to full production and sales. As with many lawsuits, it does not have to be valid to be troublesome. I believe we have a great product, and patents to back it up, but that does not mean you cannot be tied up in court for extended periods proving it, and that is if you win at all. Having the most and best lawyers not the best case is often enough to win. Believe me I pray I am totally wrong.
One request on concern, both of which I have stated before:
Request: all on this board contact Mc and staff, asking that any new offering (with warrants) be made available to US buyers at the retail level.
Concern: I have no doubt that Sport is the real thing, but I am worried some big player will tie it up in court over patent infringement, even if not valid, the lawsuit alone in time and cost can do the damage.
Scalpel,
You are absolutely correct, it was open to institutional investors, but not retail like myself. That is why I did not buy, I felt like I was being insulted, after loosing the lion share of my investment over the last few years, they shut off the gravy to me.
As far as warrants go in the next offering, looking at Titan's record if the offering is within the next few months, and unless something absolutely fantastic happens between now and then, I am afraid if they do not sweeten the pot with warrants the next offering will be worse then the last. I totally agree warrants dilute share value, but when you are between a rock and a hard place, your options are limited. I felt all along the last offering may have gone better if it was open to retail buyers in the US. I would venture a guess that that is where most of the share holders reside. I certainly can not be sure, but I am confident I was not the only share holder that did not buy because as I said I felt betrayed by Titan. I hung with Titan through the worst of times, and was screwed when a bone came along. Anyone else feel that way?
bet kids tuition
I am far from and expert on international stock sales, during the last offering I wanted to increase my holdings, I called my brokerage, and three others, all of which said they did not register the sale in the US. As I understood their response, it was doable, but Titan would have to pay US sales registration fees.
GLTA
I intend to buy more shares during the next offering if warrants are made available to US share holders, if not I will not buy again on principle. I urge all US buyers to e-mail Mr McNally, requesting the next offering with warrants be made available to US buyers.
Keep in mind the upcoming conference is a investment conference, not a robotics conference.
I am sure Mc did his homework before accepting the CEO position, and am confident he would not have accepted if he did not feel he had a very good chance of bringing SPORT to fruition. I still halfway believe he has some sort of plan up his sleeve. My biggest concern is that we will get to commercialization and one of the big players will tie us up in litigation for years over IP (patent) rights. Where the price now stands, I would rather take a long shot at success, then sell out, I am sure like many here at current price the lion share of my investment is gone).
I pray the next offering is open to US investors, I intended to purchase more stock during the last offering, but on principal, would not buy on the open market for 9.5-11 cents when I believe I should have been able to purchase at 11 with an equal amount of warrants. As I have stated previously, I have watched my investment dwindle in value, only to be locked out of what I believe was the best deal so far since I have owned Titan. I further believe that had the last offering been open to US investors, more would have been raised. I am fairly sure I am not the only US buyer that felt screwed in this last offering. If the next offering is nearly as good a deal as the last, and I am able to purchase shares, I plan to quadruple my holdings. Good luck to all.
I have owned three stocks that did R/S, the first two did not work out well at all for share holders, the third just took place several weeks ago, and the overall value of the stock has increased nearly 50% in three weeks. The value per share had fallen to under $2.00 a share, I believe they did the R/S to remain on the Nasdaq, (I must say the rise in value was a total shock to me).
If the offering is still open, has anyone found a way for US citizens to buy more stock with warrants? I want to buy more, but hate to do it and not receive the warrants.
Two issues, I am sure I remember when Mc came on board someone said his personnel worth was 450 mil, I do not know if that is correct, but if it is 3k as an investment is not even a bad joke. Issue two, if I was holding thousands of warrants at 15, I would not be in a hurry to exercise them even if the PPS goes over 15, it could easily dip again which would put me in the red, I fully realize anything over 15 if I choose to exercise the warrants and sell I can make a profit, but if I hold, and do not exercise the warrants, I have no investment in the warrants, and can just sit and watch them make guaranteed money, I would hold them. Unfortunately, as stated previously, I am in the states and did not get the option of warrants.
DRG 1025, this is why I was pissed about the lack of the new offering in the US, the free warrants could be worth a lot of money, if this stock finally starts heading north. Getting the warrants is a no lose bet for the next five years, if the stock goes nowhere you lost nothing, if it starts moving up, you exercise your warrants and you make money.
I will ask again, am I the only one that it bothers that US holders cannot get in on the warrants, and please don't tell me it is a Canadian company, I am fully aware of that. I have been in contact with several brokerages in the last few days trying to buy with warrants, waiting for a reply from the last I e-mailed. It is my understanding it would have cost Titan money to register the sale on the US exchange, but that would have enabled US sales. Not being able to purchase the warrants is like throwing away free money if this stock rises above 15 cents, and could have a huge impact on the number of shares held in the long run. I have been buying more stock for the last few years, and watching my investment dwindle, now with a reinvigorated BOD and a belief we may make stated times lines, and the price at its lowest, I feel like I have been slapped in the face with this latest offering.
I don't know if I am correct but I am assuming that most of the posters on this board are American. I just got off the phone with my broker, they cannot buy the new offering, they did give me some contacts that might be able to help. Does it not bother anyone else that we (Americans) cannot partake easily in the new offer with warrants.
Mustang, Glad to see you are still here, I didn't think you sold, but was afraid you got discussted with the site and quit posting. You are one of only a few here with a degree of decorum, and a non-emotional and common sense approach to looking at this investment. I do not remember you ever telling anyone to buy or sell, just stating your opinion with a degree of common courtsey. As for this investment, I see it kind of like playing one number in roulette, the odds are greatly against you, but if your number hits, you are in the money. At present the cost is so low, I feel I have to buy more shares and ride it out. I still play roulette. Gland to see you haven't given up on the board.
Thank you, I stand corrected.
Then my memory is really going, (which has been a concern for about a year) I thought I remembered Mc getting nearly 8.5 million shares for coming on board, and the BOD issuing themselves millions more over the years. If I am wrong I stand corrected. I have read every post on this board for nearly two years. I am still concerned over what I posted in the second paragraph, investment brokers do not get rich by being unaware or ill-informed, of great products. IMO if the product is as good as we believe, it has to be the timeline. As I posted a few days ago, if we suffer any extended slippage in the timeline, we will be holding a fire sale of either the patents or Sport. I am long, but like everyone here very frustrated. Additionally, as I said a few days ago, my fear is if we do not hit some impressive milestones with GREAT FANFARE we will languish on any exchange.
If our count of shares was even remotely accurate, the BOD alone, has many millions of shares more then the investors on this board. So our input probably means little to nothing.
One more thing, I am not against the R/S or the up-list, but I do not believe they are needed for visibility as I have read repeatedly on the board. Investment brokers are aware of what is going on in development by publicly held companies. If a great product is development they know it. They do not make billions annually, by being uninformed. I do not understand if Sport is what we believe it to be, and the stated future timelines are valid, SP should be rising IMHO.
I stated several hundred posts ago, that a RS is value neutral, and that I was confident Mc wants to do the best he can for Titan, even if only to protect his reputation. Unless there is some grand plan we are unaware of, I am afraid with our timeline, and lack of funds with or without a RS we will languish on any exchange and retreat in value. I believe our best hope is a RS, and up-list to NASDAQ, but either way we must hit frequent and impressive milestones with GREAT FANFARE, and I repeat with GREAT FANFARE to generate interest in Titan. Any major slippage in getting this to FDA approval, I think we are looking at a fire sale. I believed a great product would sell itself in the long run, but you can only assume that if the product makes it to market. I still believe our robot will make it to market, but as more and more time goes by I fear it may not be called Sport, or be owned by Titan, and sadly, not sold to our advantage. I will continue to hold my shares, and may even pick up more, great risk great reward, it could still be a great pay off, but the odds seem to keep growing greater. I wish all, stay or go the best of luck.
You are correct, but is also does after the sale of hundreds of millions of shares to raise the $70 mil.
As I have stated previously, I am in for the long haul. That being said, a RS is value neutral, my % of ownership does not change. What happens after the RS is my concern, my fear is with a timeline of over 1 1/2 years to commercialization we will languish on any exchange and retreat in value. From what I can gather we have a impressive mgt team, SAB and a great product. We need to hit WITH GREAT FANFARE some important/impressive milestones to increase interest and value. If the intent is to uplist after the split, I am all for it. It seems our options are very limited, we can not split, and stay where we are, and dilute the PPS to next to nothing with the sale of hundreds of millions of shares to raise the needed funds to bring Sport to fruition. IMHO this ultimately has the same affect, only with more pain getting there. Additionally, we really have no say, the BOD will make that decision for us. I would like to see the RS (and uplist) at no greater then 15:1 but I am not sure that will allow us to stay listed due to PPS fluctuations. One last thing, the $70 mil gets us to commercialization, I do not remember seeing the cost of setting up training sites in the roll-up for the $70 mil.
GLTA
I want to thank Mustang for his consistently level headed thinking/postings. No name calling, no hidden profanity, just thought provoking postings tempered with logic, reason and civility, intended to increase communications and gain results, not incite.
IMHO we are carrying dead wood, but as was stated in an earlier posting none of us knows the inside story. We all hope that Mr McNally has the ability (which I believe he has) to decide who should stay, and who needs to go. My greatest fear, is that the BOD may not give him the power needed to make all changes he deems necessary. I believe he would not have accepted the position without that guarantee of power, but I will reserve my opinion on that for now.
I further believe everyone is welcome to their opinion and can choose to post them or not. I do not see the need for the name calling, half hidden profanity, and bickering between some posters. Why and when an individual buys or sells is their business.
This is only my second posting, I read the hub almost daily, I hold thousands of shares, not hundreds of thousands like many of you, I also plan to purchase more after the holidays, it is my intent to stay to the end, either up or bust. I am by nature an optimist, and still have high hopes for SPORT. I do however foresee problems in the hiring of some hotshot CEO, as I see it we have little to offer. We are currently short of funds, have a dismal track record, delay after delay in timelines, numerous funding issues, carry unnecessary personnel, total loss of confidence in management, and the BOD, little public esposure, along with numerous other issues. As far as the company goes the only bright spot I can see, is that I believe we have the potential for a phenomenal piece of surgical equipment, if it can be pushed to approval and production. At this time I believe all we can offer is millions of shares which will only be good after a turnaround, and a chance to make a name for him/herself as a person with a the ability to turn around a failing company. I assume he/she will have to be independently wealthy, to hold out until the turnaround. As I said I am in this for the long haul, but please if I am missing some bright spot, someone please enlighten me.
I agree with Mustang (and want to thank him for his level headed blogs, and work in the past) on the number of letters from shareholders, it is my belief to frequent letters to the leadership of Titan will only be considered harassment, and will result in less communication, with little or no result on stock price. I believe management owe the stock holders regular updates on the status of any changes to timelines, funding, personnel, technical advances, movement with CE/FDA etc. I also believe they read this board, and are fully aware of the stock holders unhappiness with the delays, misstatements in the past, lack of communication, constant funding issues, and the total misdirection the company has taken.
All that being said, I hope everyone involved in Titan has a great holiday season, and look forward to brighter days after the New Year.
I have only been invested in Titan for several months, at the time according to reports, I felt it could not go wrong, since then I have lost over 60%. Thank heavens, I bought thousands of shares not hundreds of thousands as I gather some of you have. This may be a childish thought, if the SPORT is nearly as good as I was lead to believe, and will do what I was lead to believe, including remote surgery as part of it capabilities (machine in a remote location from the surgeon) would it be possible to a charitable foundation for example the Gate's foundation.
If they were willing to fund to commercialization, an agreement could be made to donate a number of machines, to what ever locations the charitable organization maned, (allowing advanced surgery in fairly remote locations), and a return of investment at 0% interest. I am not involved in financing or charitable organizations aside from volunteering for a few charities since I retired.
I do not even know if this would be legal, if so it seems to me that if the SPORT is as good as indicated from my initial research, this would be a win win for everyone.