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Dleedoc...this is the same video you mentioned you saw past weekend of a colon procedure and were salivating over? How did you get to see it ahead of time?
Only see the same old video as well on the site.
12.51!
Actually, I think the recent drop had nothing to do with that 8 million they brought in. That happened before the dip already. The last dip is probably because of CAD .40 warrants being exercised and sold, at least part of it (also normal profit taking, and short sellers). So I'm expecting news that they brought more money with warrants beyond that 8 mil with Q1 2018 fully financed.
But I agree, it looks like we could organically grow without a lot more dilution with more warrants coming into play over time, like the CAD .50 and .70 warrants pretty soon already. And another 4 million from the Longtai warrants. A few private placements on top of it, and we're solid.
It's a nice bounce, but share your sentiment. Still quite a bit to make up with the last few days. But it can go quick with Titan. Don't see anything in the volume to suggest news is imminent, but who knows. I'll take the bounce and a more stable PPS for the coming days either way.
Probably Q1 already taken care off with CAD .40 warrants exercised, and some CAD .50, and part of the reason why we're down now.
Then there's longtai with another 4 mil US as of 1st of december, which I hear they plan to exercise.
We will hear it soon enough after Columbia news. The funding picture has not looked as good as it does now in a long taime.
I personally won't deny some naivety when I bought in a few years ago. It was not really really realistic to believe management would get the product to market in 2015.
But that naivety pertains to the development and commercialization process. What most here excel at is judging the potential of the product, and that has benefits as well, in terms of the market not really taking it seriously, but able to see ahead of what it could become as a really successful product.
So yes, we're all science nerds, but ultimately we will be right, and rewarded for it, especially because others don't yet seem to have the ability to judge the product very well ahead of time.
You're saying you have 4M USD shares in .20 exercised warrants?
For the local experts what cycle are we in today.
A. The WTF cycle?
B. Damn my kid can't go to college cycle?
C. The I thought I knew WTF I was talking about,
but I just shat my cycle.
Let me rephrase that cycle:
A. Stock dips.
B. Short F's visit the board to support their shorts.
C. Stock goes up again.
D. F's disappear.
WTF??!!
Ha..first time I agree with Honeycomb...! lol
Yes, keep in mind that the .20 warrants are likely behind us. This is CAD .40 and .50 warrants, so more money in the coffers soon. PPS holding up very well considering and its well-absorbed. Once done, back to the uptrend.
Basically, the new range TITXF got in since last week runs from .38 till .55. We broke over that .38 level in a big way, and now it's retesting that level. There's almost always a retest when breaking into a new range, usually several of them, and not unhealthy. It just consolidates the range, making the next upward movement more likely to hold. We broke into that range with a volume of 10 million, and the current retest won't make that number for the day, which is a good sign.
But if it breaks, then there's a risk of ending up again in the old range, all the way down to .24. I think .38 will hold. Maybe break under a bit, but as long as we close above it. Some more support at .35 as well.
Like you said, if it's true, people selling shares to purchase warrants, which are subsequently sold as well, I think that already happened with regards to the 40 million. The past volume suggests it. Today, volume not that big, and I think it's simply profit taking. We should hold at this level.
I do think you are right warrants and shares will be sold, but under that scenario we have recently absorbed 40 million of them while PPS skyrocketed, so not worried about the effect on PPS at this point.
It took a week exactly from a monday (installation) to the next monday (first procedure) for Nicholson.
So, it's a safe bet we should hear something soon, if not tomorrow, soon after.
.54-.55 next stop...and more soonish news to take us over that level soon after (i.e. Strasbourg; CAD .40 and .50 warrants exercised for 9 mil; CAD .75 warrants in play for 14 mil; and upcoming M&A with some positive surprises perhaps).
Still don't have a good sense of what VERB is up to. One the one hand, they say their digital platform can be used with open surgery, laparoscopic, and with existing robotics, which would include Titan but also many others. They also stated they won't compete with ISRG.
On the other hand, they do also seem to be working on a robotic system as part of their overall platform, and it's a long shot to think this is SPORT, and that sounds like competition to me both to Titan and ISRG. Not sure what to think.
Dilution is an ongoing issue, but it is not as bad as one would think.
A little historical analyses will help with this:
July, 2014 PPS high 2.57 100 mil O/S ~40 warrants outstanding
October, 2017 PPS 0.44 276 mil O/S ~104 warrants outstanding
So since July 2014, O/S and warrants outstanding increased by a factor of 2.7. That means the PPS high of July 2014 compares to a PPS of 2.57/2.7= .95 PPS. The current PPS of .44 is lagging behind that, even though commercialization was expected within the same time frame in July 2014.
So just on that basis alone, we should be at .95 right now, and it is likely to happen in the near future. There are many other arguments why we should be even much higher than that, but that's not the point here.
The only question to ask here is whether you have 2.7 times more shares than you did in July, 2014 and if so, then you're in the same position as back then as far as O/S and warrants. I think I have around 10 x more.
Seem to work for AMZN with 480 mil outstanding.
It does not matter how many outstanding. It's a linear equation as pointed out elsewhere.
Besides, I would not be surprised if the idea of an R/S is close to being off the table now with management, or at least without the same pressure to do so as before. It was a desperate move when PPS was at .10 cents, approved by the shareholders, because they were as desperate, in order to continue the funding.
It looks like that move is over and done with now, and if and when we R/S it will be for the right reasons. Well done Mc.
Except this time it was already priced in in the PPS. Big difference, so not really the same as a financing.
As per last M&A that I have (not sure if it's the last one, and we should have an update and new one soon):
Q1 2018 Complete software development, system design and update Design History File for regulatory filing applications.
Q2 2018 Verify production system operation with clinical experts under rigorous formal (summative) human factors evaluation under simulated robotic manipulation exercises, and exercise completed surgeon simulation software and training program.
Q3 2018 Complete and document pre-clinical live animal (swine) surgery studies that are representative of anticipated human surgeries for FDA submittal
Q4 2018 Prepare and submit 510(k) application to FDA and prepare technical file for CE Mark and submit to European Notified Body.
- Publish white papers on pre-clinical studies containing evidence of system performance in live animal surgeries that are representative of anticipated human surgeries
I think the training program is big thing from a strategic perspective and the success of commercialization potentially bigger than DaVinci in its days. I think SPORT will be far less intimidating than DaVinci for many surgeons. I'd like to heard from some of the surgeons here on that.
TRXC just broke through its floor...
A little how I have been feeling. Glad that when you will be found out, it is in the green!
That's about the number I'm thinking is within the realm of possibility end of year.
I never tell anyone what to do with their money, so no help from me. The only advice I have to do your own diligence, and decide on the basis of the information you can find.
Yes, I can't get over how little the market is aware of the potential, and I know most of us here are not delusional. But I did like their emphasis on surgeon feedback as the way forward, which is what we have and will be seeing a lot more of.
As far as TRXC...that chart is hanging by a thread right now. It's almost into the second leg of an ABCD down all the way to 1.50, and it can happen really fast. Scary stuff, if you're in it. Love how Mc is a by the book stand-up guy, and he has that reputation from his previous work.
House in order. It's far from over. A lot, lot more to go as far as PSS...
Hope the bad publicity of TRXC which could get a lot worse does not affect TITXF too much in the future.
See:
https://thestreetsweeper.org/undersurveillance/TransEnterix__TRXC___When_The_CEO_Sells__We_Sell
It's a concern I raised before, and why I never felt too excited about translating positive developments for TRXC to TIXF. Luckily, however, we know the management of TITXF does things by the book, and eventually that will pay off.
The amount is here (16.8 mil shares). Holding period is 4 months since August 1, 2017.
https://titanmedicalinc.com/longtai-medical-agrees-to-convert-titan-medicals-distributorship-deposit-to-equity/
Correction on this, according to the MD&A of august a total expense of 10 mil was calculated for Q1 2018 and 9.5 mil for Q2 2018.
So, looking at the statement of outstanding of warrants at the site of of Titan, there were 48 million at .20 cents. According to the press release 40 million were exercised,. That's amazing, almost everyone exercised them. Now onwards to Longtai, and the .40 and .50 warrants for another 12 million dollar more, they're in the money now with a PPS of .60 CAD.
I think some have probably sold, given the huge volume over the last few weeks, which is really tremendous. For every buyer there's a seller, and I have been scratching my head where these sellers are coming from. Most of the retailers would not sell those amounts. The fact that has been absorbed so well speaks volumes to the level of demand right now of new investors, and I think unexpected in many ways by the market in general.
Makes sense. Well, if Longtai wants to help out exercising their warrants, which they are allowed to do as of 1st of december I think, that would be another 3.3 million of cash coming in.
Since McNally notes financed through end of 2017, why do some on the board assume it is enough to get us through Q1 2018?
I think around 16 mil was needed for Q1? Either way, it now looks like we might get that amount as well through warrants, especially with more .40 warrants being exercised, and .70 next. Good news all over.
Yes, longtai has 20 cents warrants. Not sure what the 15 cents "broker warrants" are.
Partnership and free cash infusion is my biggest hope right now, but hope springs eternal :)
If no news, and volume and PPS increases in a way that is way outside of the norm, then trading will be halted by the TSX. They would force management to release a form of "No material change" until trading resumes, or if there is a material change, they would have to report it. This happened a few times in the past if I remember correctly, where the stock went up so much, that trading was halted for no reason other than the TSX regulatory process, and it was "no material change" those times that management reported. I think the TSX was pretty close doing so in some of the recent surges.
Here's one of those press releases, I just found:
https://titanmedicalinc.com/titan-medical-inc-confirms-no-material-changes-to-operations/
It's not the price of the PPS itself that crosses it.
It's the 50 day moving average (MA) crossing the 200 day moving day average. 200 day moving average is at .195 now, while the 200 day moving average is at .24 (which won't change much for a while). So when the the 50 moving average crosses over the 200 moving average cross..."golden cross" as they as they say if it's upwards...
If it's the opposite, it's the death cross, which we went through a while ago..and it felt like it!
See chart here...blue line is the 50MA, red line is the 200MA:
http://stockcharts.com/h-sc/ui?s=TITXF
It's pretty good. Waiting for a sudden increase in volume and PPS in the course of the week, and then news from Columbia soon after with hopefully some more videos and endorsements. I must assume that will be soon and that they are training/testing it right now, while the word spreads.
Also, golden cross is bound to occur in the charts withing the next two weeks or so, if you put any stock in it. I don't really, but since many do, and it will probably be reported on the web, it can lead to more buying.
Congrats with your purchase and welcome. Hope to see many more new investors coming in, which is what seems to be happening.
Good luck, and I agree 100% with your assessment. No real competitors right now, and TITXF is still at the forefront. It's only the market and public that needs to catch up, and they are starting to.