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Verb has hired multiple FDA approval specialists as of May 2018, according to Linkedin
Deja Vu from last summer. Look at last year's volume pattern. They're just waiting for all the movement to settle, shake loose hands, then its gonna be a slew of PRs after Labor Day. Short Interest will be reported after hours today. With the recent drop in volume, I think we will see a Short Ratio well above 5 in relation to the most recent volume. MOASS baby
IMWT
My tinfoil hat theories are on record on this board. It's a long line of coincidences and I dont think they will all fit on one post. How about I just get a website and spend the weekend formatting all the crazy shit I've posted here and post a link? Gimme til COB Mon or Tues and I'll throw up a link. Like I said; Tinfoil-hat-conspiracy, pullin-at-strings bullshit, but I'll post what I got and y'all can buy your own tinfoil.
IMWT
Yes it does. It absolutely matters whether they partner up. This is the future. Robotic assisted surgery with digital AI Learning interface will be the standard of surgical care in 10 years and the potential for Telesurgery is mind boggling. Every major player has an entry timeline of 2020. A Canadian startup with 3 dozen patents will not compete. They partner or die IMHO. I think they partner. I think its Verb and I think it's been in the works for years. We will know soon
IMWT
Hyperbole and sarcasm. I truly believe that SPORT will never make it to market as a standalone and I am holding my position because I believe there is a greater game afoot. What is the approval process for India? Does Titan have any connections to India? Is it possible that the first foothold for SPORT takes place in neither the EU or US? I think something is happening and we will know more about Verb's intentions for the robotics market within the next quarter or two. SPORT will never make it to market without a partner and I think it will be announced before year end. And why is Titan hiring people in India??
IMWT
If a major partner was taking an ownership stake in this emerging technology, do you think they would be able to expedite this procurement process? Is there anything they could do to reach out directly to buyers and promote the product? But you're right; Titan doesnt have that kind of reach. It's a penny stock that is playing off old news, not nearly enough patents, not nearly enough funding to compete with billion dollar established monopolies. We are all screwed
IMWT
https://www.livemint.com/AI/JpnqjTrT3dUGWFKCxLAloI/Automation-takes-root-in-India-robotics-jobs-on-rise.html
Steven WexnerMD,PhD,FACS,FRCS,FRCS(Ed),FRCSI(Hon) (@SWexner) Tweeted:
Congratulations @venky72 @ManishChandSurg @SangitaApollo @HospitalsApollo @TouchSurgery @IntuitiveSurg @UCLDivofSurgery @GENIE_UCL @UCLHMedEd @uclh @ucl @VerbSurgical @Google https://t.co/oOiJyPfY5R
Congratulations @venky72 @ManishChandSurg @SangitaApollo @HospitalsApollo @TouchSurgery @IntuitiveSurg @UCLDivofSurgery @GENIE_UCL @UCLHMedEd @uclh @ucl @VerbSurgical @Google pic.twitter.com/oOiJyPfY5R
— Steven D Wexner MD, PhD (@SWexner) August 22, 2018
MOASS Coming
IMWT
What can I say, I'm just a guy desperately trying to rationalize his investment! I honestly have no idea what's going on, but I know it hurts to watch every day, shoulda bought more scotch than tinfoil...taking a break! See y'all again when something happens!
IMWT
Ok, picked up more tinfoil and made a bigger hat. Jasminder Brar started as an engineer for National Semiconductor in Santa Clara. National Semiconductor retained Fish and Neave as council, which was the first law firm job at the same time for...Jeremiah Chan, the Google IP lawyer recognized alongside Brar in the medical device section....and boy, after reading through every patent and citation I could find yesterday, I should have bought the Costco size tinfoil box....Bajo and Fowler on the same page? More tinfoil!
Authors
Andrea Bajo, Roger E Goldman, Long Wang, Dennis Fowler, Nabil Simaan
Publication date
2012/5/14
Conference
Robotics and Automation (ICRA), 2012 IEEE International Conference on
Pages
3381-3387
Publisher
IEEE
Description
In this paper, we present the integration and preliminary evaluation of a novel Insertable Robotic Effectors Platform (IREP) for Single Port Access Surgery (SPAS)....
IMWT
This just says that companies cant both participate in a raise and short the stock within 5 days. I don't think its supporters shorting Titan for a better deal; I think its competition trying to make sure fundraising is as painful as possible and warrants never see the light of day. Why wouldn't you do that is you're, say, ISRG with a shitton of cash? Why was Auris so secretive? Dont you think a 60b monopoly is going to be proactive in protecting it's dominance? That or maybe SPORT is junk and ISRG isnt worried in the least.
IMWT
I was googling the IP recognition cited in PR, and I know that they are listed alphabetically by last name and this is truly coincidence, but just look at who's next together at the top of the Medical Device section lol. It's like the universe is trying to tell us something! Although I wonder why they put google in the Med Device section. Singapore repping as well! Y'all ever see that movie A Beautiful Mind? This is what it looks like when someone who is not a genius tries it lol...off to buy more tinfoil and string!
http://www.iam-media.com/strategy300/directory/results.aspx?type=category&cat=bbc70083-b7b6-4cc7-aa8e-c9e51272e189
IMWT
I never thought of locking up shares like that- That really works?! Very novel idea, I like it. This is absolutely being shorted on an institutional level...
IMWT
Pretty sure somebody beat you to the punch...
With cash on hand at the end of June, plus a the recent raise, and adjusting for the recent dilution of shares- Isnt the current market cap below cash on hand??? I hope someone is borrowing a boatload of shares on a naked short....MOASS coming...
IMWT
Bajo Zitnick?
But ultimately, Yes; Most of my tinfoil hat theories at this point have Verb subvertly funding Titan via Temasek via a whole string of shells, or something like that. I dunno; Who do you think has been funding the raises since MC took the helm?
IMWT
I'm saying there is something funny going on. I think we've all been bamboozled or there is a puppetmaster pulling the strings. I think there are a lot of coincidences that lend themselves to some far reaching theories. I think robotic assisted surgery, and eventually telesurgery, and then AI/machine learning, will redefine the surgical landscape. I think Verb is working on a digital platform that they hope will be supported by multiple robots. I think they'll want a flagship model they can rely upon and I think its Titan, combined with tech from other Verb companies. I think the standard in this race to disrupt DaVinci is secrecy . I think we'll know more soon, Milestone 5 at latest, Monday at earliest
IMWT
And they chose and interesting date to shut down this holding company...
Registration:
No.200808751N
Name:
LONGTAI SINGAPORE PTE. LTD.
Date Incorporation / Registration:
5 May 2008 (Monday)
Registration Type: PRIVATE COMPANY LIMITED BY SHARES
Status:
Struck Off as on 1 July 2017 (Saturday)
Principal Business Activity:
OTHER HOLDING COMPANIES
Registered Address:
8 TEMASEK BOULEVARD
#35-03
SUNTEC TOWER THREE
SINGAPORE (038988)
Not for nothing, but a lil over YTD, the stock ran from 3.40 to 8.60 in 30 days. So it's not like there isn't a precedent...and it kept going to over 14 within months. I dunno, we'll see
IMWT
With 'ratchet anti-dilution clause' being a big difference in the April and current raises? I didn't see that language in the prior prospectus. Please correct me if I'm wrong
IMWT
The way I read the final prospectus, was that the cash on hand was enough to achieve 2018 milestones and that the minimum raise proceeds would all be allotted towards the achievement of Milestone 4. Without warrant conversions, I believe the cash is sufficient to achieve Milestones 2,3 and 4 per the prospectus. Milestone 5 is a relatively new addition and I would imagine it would result in the announcement of whoever that partner is. A big partnership announcement by then would almost certainly result in exercised warrants and provide a financial runway to FDA without further dilution. Warrant clauses included in prospectus seem to speak to this? No partner=more dilution IMO.
IMWT
For sure. I think the story will be clear by year's end, if not the quarter. For better or worse. To be fair, I realize these theories are just as likely, if not very likely, to be my desperate attempt to rationalize an investment that, on the surface at least, is looking...bad...
I think we'll know more soon. I do think it any event, we'll see a short term pump past the warrant price because whoever funded this will want to see that money. Or it'll just keep dropping. No idea at this point fml ha. Love a good gamble! I think they got it...
Edit: Screw it, I'll own it. I am convinced that Verb or some other large partner just took a position that will be made public by the Q3 call or sooner. And that's why I doubled down. But again, Investing off of message board chat is crazy and it would be worse to listen to a guy wearing tinfoil hats using DuckDuckGo and Twitter for DD....
IMWT
For sure. I know many on this board are of the similar opinion that they are out on this investment if Titan is truly intent on going it alone. If ISRG is Goliath,I dont think Titan qualifies as David, closer to one of the sheep; They'll die 6 ways to Sunday before Sport ever makes it to market. If they really have the tech, then they will partner up to truly disrupt the DaVinci monopoly and find a place in the revolutionary emerging market. And we'll all make a ton, regardless of your current cost basis. Or its worthless and this is a tax loss offset. F if I know at this point....
IMWT
Hey, this is all pretty far fetched, but stranger things have happened. Legally speaking, I imagine this would be pretty deep in the grey area and it definitely wouldn't be legal with publicly traded Nasdaq/NYSE companies with reporting obligations. I think the Temasek investment in Verb is a little unusual by itself. The timing of it lends itself to further speculation, especially as a precursor to a bunch of curious Longtai funding. Like I said, tin foil hat theories. But it sure feels like something weird is happening behind closed doors. I honestly not sure if it's great or terrible, but I know where I placed my bets
IMWT
Hold on, let me get out my tinfoil...ahem, Ok, so yeah, if your company had a handshake agreement to fund and eventually acquire a target, you might use some foreign, unregulated shell companies to take a major stake in the target. You certainly wouldn't mind the share price tanking, diluting the piss out of it to increase your position. On the bright side for longs, the big company would then be more inclined to eventually pay a premium for the acquisition due to the fact they own a significant portion; paying themselves with their own money. So in that scenario, the company would fly under the radar and do little in terms of active marketing to support share price.
Or it's just a piece of junk and they've been bluffing this whole time. Feels like one or the other.
IMWT
I think all competitors to ISRG are staying quiet as long as possible. Auris is a good recent example. And as soon as they announced FDA approval, DaVinci counter punched. I also think SPORT would require collaboration from multiple companies to be considered a true competitor. 24 patents is nice. It's not enough and they will die in litigation and fundraising without a big partner. If I knew with certainty that Titan was going alone, I would sell every share in a cocaine heartbeat. I truly believe they are part of a bigger play or this is just an incredibly well-orchestrated junk penny stock. I think we'll know soon
IMWT
One theory would be that they are privy to insider information that has not been publicly disclosed, wherein any significant insider purchase would come under eventual SEC scrutiny. In the same vein, it's also worth asking why MC is comfortable with such a significant portion of his compensation tied up in OutTheMoney options?
IMWT
Fowler, not CEO. Yeah, forget Hargrove. It was Fowler they retweeted
Isn't that the question????
IMWT
Yeah, I dont have a clear picture, but I will say with absolute certainty that there is a lot of weird sh*t connected to what's happening. I feel like we've all been bamboozled or about to be verily happy. With no in between
IMWT
SPORT is either a worthless junk that is so far from being competitive, that Verb didn't even realize they were Re-tweeting a presentation by the former CEO last month, or it's not. I feel like there are smart people who have access to a lot more information than people on this board and they already know which one it is. I've placed my bets. We will see soon
IMWT
Preach it. They have done nothing to suggest they are actively pumping the stock. They dont even have a darn Twitter handle. For smart guys who seem to be in trouble, they sure are acting stupid....
IMWT
Hahaha. Wow, well we're all f&*$ed if that's truly our biggest shareholder ha, and I've misread this to a new extreme. Temasek invests in Verb. Temasek funds Longtai, gaining significant ownership. Verb buys out Titan because while they want their software across platforms, they still need a flagship they can rely on i.e. control. Temasek gets paid back on the longtai investment with their own money and at a huge paper premium. But they still own a stake in Titan via the ownership on Verb, thus continuing to see the residuals. I dunno. Just a thought
IMWT
If you were going to quietly fund a robot, a foreign partner with access to unregulated shell companies might be a viable option.
IMWT
Ha, no, but it sounds like we're down the same rabbit hole. I may be delusional, but I'm convinced Verb is in on this. We'll know how foolish I am soon.
But seriously, does no one find these events peculiarly coincidental?
IMWT
And if you really wanted some conspiracy fodder, you'd probably start in Jan 2017, when McNally took over Titan, Verb announced they viewed a prototype, and Temasek, a company with significant Chinese holdings, quietly invests 800mm for a minority stake in Verb 6 months before the Longtai shell company becomes Titan's largest shareholder. Just sayin'.
IMWT
That's valid. I dont believe Verb will be limited to a single platform and my hope is that SPORT has been identified as a viable platform. That would be a huge vote of confidence. I wouldn't bet the farm on all the conspiracy stuff, but I dont think we are getting the full story either. The truth is probably somewhere in between. But ultimately, I think Titan needs an big advocate and partner to bring SPORT to market. If smarter guys than I are unwilling to invest, then I'm out. We'll know soon!
IMWT I hope
Telesurgery. Temasek. Titan.
IMWT