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The end is near....
https://www.massdevice.com/titan-medical-strategic-review-sale/
Pretty good video on the state of the surgical robot market
The bed guy will fix everything. Have you read his bio? Raised $20M as a flex? I could raise $20m by writing a check. FFS. This is doomed
At this point I think the surgical tech and the OR nurse can pool their funds and buyout TMDI
All of that is true and it's why you shouldn't invest in either company right now. They are all years away from making any money or even getting to market. The only hope for any of them is BO and that's always a risk.
*single ports that dont work are dead
There I fixed it for you....
TMDI MC $70.17M
RBOT MC $1.056B
See quote from our Titan friend Dr. Estape.....
While Titan is in surgical robot fantasyland, other companies are selling surgical robots in the real world. Titan is toast....
https://memicmed.com/news-end-events/news/memic-announces-adoption-of-hominis-surgical-system-at-three-leading-u-s-hospitals-in-q4-2021/
The only hope here is Medtronic told Mac to leave so they could put their own CEO in. They take equity position by the end of the year after seeing progress on robot at next week's meeting. Fingers crossed...
Isn't that what he's in charge of?
Maybe Genova is the problem....
McNally must have been a Medtronic plant to get whatever patents they needed and then jet. Nothing else explains this level of incompatance.
Milestone 4 complete!! $RBOT now 20X MC $TMDI. Congrats everyone. We did it!!
Who's going to fund the fundraise?
Current plan: JNJ swoops in to buy TMDI for $125m. Get my investment back with 3% dividend in 17 years. Boom!!
Anyone remember market cap when Mc took over?
Check that, TMDI just sent below $100m MC to $98M
Market Cap Check:
TMDI $110,000,000
RBOT $1,542,000,000
Quick check, surgical robot focusing on GYN at AAGL???? Nope
Zaring just became Chief commercial officer at Memic. A company with an actual product right now. Hard to believe he left....
Most patents that a company touts are beta patents. Company has several Alpha patents then protects those patents with beta ones. The beta don't exist without the Alpha. That's what Titan is. 200 patents and counting!! Probably 10-20 are worth anything. The rest are beta that protect the 10-20. How old are some of these patents? In 2025 even older. Patents feed the egos of the patent attornies and inventors.
Too much electricity to the brain for Frankenstein. If the only hope is a BO, don't you think every prospective buyer knows this? Zero leverage for Titan.
Bros still planning on averaging down into this POS should, for the lover of god, get into crypto. ETH, HEX, SHIB, Anything but this. Battered wife syndrome (BWS) is real-get some help
This is what battered wife syndrome looks like.....
Market Cap update:
RBOT $1.57B
TMDI $125M
My BO target now $500m-$800m down from $800m-$1.2B. This is a clown show. First sale 2026 if lucky.
Bears- see even JnJ is having a problem getting a product to market-how do you expect little ole Titan to do it
Bulls- see this is evidence Titan will have to be bought out soon
JnJ announces 2 year delay on Ottava
https://www.massdevice.com/johnson-johnson-hits-snag-in-ottava-surgical-robot-development/
Question for the board: How much difference is there between the CE mark for the Multi port and a single port? Could MDT buy Titan now and put the SP under the Hugo umbrella for CE approval?
There are portless liver retractors (magnets and other types). They aren't great but they are getting better. Eventually they will all be portless.
2024 launch. Good luck
2024 FDA approval. That's brutal if you're a long right now. The only hope right now is a MDT buyout for $1-$2 Billion. Otherwise it's 3 more years of DCAing.
Whats that?
This is for VNOTES surgery via the Gelport. This is what they should go after....
Yes, V-notes surgery is the future. But Titan can also perform that surgery-maybe even better than memic-maybe??
Vicarious and now Memic both valued at $1B+. Titan sitting at $180m. I cant figure this out. Either Titan is a dud or something else is going on..
https://www.fiercebiotech.com/medtech/surgical-robot-maven-memic-takes-spac-track-to-boost-hominis-system-launch?mkt_tok=Mjk0LU1RRi0wNTYAAAF-3336_rTWFTYbzO4ZnieuO9Zg-W71J__T9jSDdYE_V8wtImAZ30qi9zWTM_1iDprqsZmkD74LYxpCmXvZx2ovd3fslJL7swPXo_EgEWSPQ-BDto20qw&mrkid=22878594
$ISRG NOW $120B MC. MY GOD. JUST TAKE 3% OF THAT AND BUY TITAN FROM UNDER MDT. GET YOURSELF A MONOPOLY FOR ANOTHER 2 DECADES
Did you even read your post?
New and Sold Out Positions
ACTIVE POSITIONS HOLDERS SHARES
New Positions 12 441,093
Sold Out Positions 7 1,592,684
Yes they can at the expense of current shareholders. Dilution and years of misery for said shareholders.