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New PR from ATNM... this comment in the write up caught my attention. Is this field really growing as they imply, ie, not a niche market, and saying they are the 'leader' rather than just one of the 'players' in this sector??
hadn't ever thought of them being a buyout candidate before this was said... ok, back to my regularly scheduled program of seeing them complete their PH 3...
https://ir.actiniumpharma.com/press-releases/detail/384
"Targeted radiotherapy is witnessing a renaissance driven by strong clinical data emerging in multiple indications. This has resulted in acquisitions, new company formation and investments in new targets to pursue with radiotherapy," said Sandesh Seth, Actinium's Chairman and CEO. He continued, "Actinium is proud to have not only established ourselves as a leader in the targeted radiotherapy field and is the only company pursuing well validated targets in hematology with late stage clinical programs.
well thats interesting news that 'everyone' knew this..
Cause when I asked about a timeline for possible submission to the FDA to start the clinical trials,
of all the messages I read after I asked about a timeline, that I asked the company to put something on their website, I didn't see anyone mention they knew anything about one other than someone saying it wasn't 'important'..
Correct, I for one have never mentioned anything with regard to the potential for a buyout to not happen when least expected..
So yes, its possible a buyout could occur tomorrow..
don't know what the odds are for that to happen, but its possible...
copied from the benzinga link ol rolly posted..
So you just need to go back to a few messages before mine where rolly says heres' a link to what the CEO said this morn..
Would have thought folks like yourself would have been all over that report already??
Well that lines up with what the CEO just said in that initially reported, 'nothing to see here' posting...
Funny in a way, but oh so typical isn't it. Those that are honestly daring to question the cheerleading get attacked for daring to do so..
When its the 'group think' only allowed mentality thats dangerous.. because they only want to see what they believe..
Ok, I am done with this one. Will keep the chart on my radar and look at it now and then, put a note on it to check back in 2 years time for an update on the timeline.
To close, this was ugly news for something I got the impression from other board members, was a lot closer to moving forward than its been revealed to be..
Take care...
suggest you read what the CEO stated in that presentation..
unless 'pre-clinical' and 'clinical' refer to something other than the medical device trial process, he just gave a timeline that indicates, this won't see the FDA for approval for around another 3+ years..
If anyone disagrees, let me know. Just my read..
and yeah, I was looking for this timeline for this very reason... I wanted to know the approximate "END DATE" at which point sales could be commencing. Based on the chatter on the boards, I thought they were close to putting together the clinical trial plan for submission. IF my read of what he just said, thats not happening for another 2 years or so.. wow..
TMDI TIMELINE EXPOSED in the CEO presentation today: and its worse than I thought... here based on what I could find, I was wondering how close they were to submitting a clinical trial plan to the FDA for approval. Hell, the CEO just said below that isn't going to happen for around another 2 years.. ugh...
As a technology still in development, the Enos system has not yet had its first application in human surgery. The system still has some important phases of development to undergo between now and then.
“Over the next couple of years we will be moving from development into preparation for pre-clinical and clinical use to ensure that we have a robotic surgical system safe and effective for use in humans,” said David McNally, President & CEO of Titan Medical.
for me, ATNM is not:
-a sexy development that wall street can super hype up like a diabetes, cancer or Alzheimer development. So its not one I have seen get a lot of attention since I first got into it in 2016 (note, till the r/split, I was trading runs for gains if I could time it, and then reload. So made something while it was essentially running flat)
-its not even a NEEDED product in that its filling a 'hole' in the health care system. To me, its a BENEFICIAL development, its making something taking place more effective. So its not going to get a lot of attention from the aspect that 'look at how big its market' will be either.
Concluding this way back in 2016, my goal from buying a lot at an initial cost basis of 25 cents, was to see it get to $3/sh on FDA approval. Now that doesn't sound like a lot, but for the share count I was planning on having, $3 was very achievable as most drug approvals see their share prices get caught up in a momentum run with $5-8 at least achieved (before folks start to question things like sales, revenues, etc)
Now? with only 11-14 Million shares outstanding? That $3 target would now be $90, cut that into a 1/3rd to be more 'reasonable' market cap, and its still around a 200% return from this price level.. I can live with ATNM being a little quiet while it finishes up. Especially since I am selling covered calls while I wait.
So to close, is there something nefarious going on? Don't know, but again, I am using Dec 2021 for the completion date of the PH 3 and because of some chatter from management themselves, kind of wondering if there might be a surprise forthcoming (smile).. (as I got on CRMD (Ph 3 halted at the interim/halfway point because of the results) which has an FDA approval date of 28 Feb, current share price of $8.5, expectations of $20-25 based on potential sales, $30-40 if they get approval to expand their market to another sector that shouldnt' require any additional trials because of the identical usage the product would apply to)
Anyone sign up for this Benzinga conference Titan is supposed to present at? Sounds like the CEO gets 15 minutes to talk... Be interesting to see if they put something out afterwards on their website related to what was said...
https://www.businesswire.com/news/home/20201203005150/en/Titan-Medical-to-Present-at-the-Benzinga-Global-Small-Cap-Conference
announced today that David McNally, President, CEO and Chairman of Titan Medical, will present an overview of the Company and its Enos™ single access surgical system to a live virtual audience at the Benzinga Global Small Cap Conference on Wednesday, December 9, 2020 at 1:30 p.m. ET.
Pretty funny, but standard response one gets when they dare to 'question' the 'desired' beliefs isn't it.
There is a POTENTIAL valuation IF things work out. What I have a problem with is the expectation of what "might be" as you put it a year from now being used to value a company NOW. That has nothing but potential to offer NOW..
Primarily because its amusing to see folks carping and whining why its not that valuation NOW.. Or in many instances, trying to belittle those that have this view of things..
And as far as why I am here? Its purely because they COULD/MAY achieve something in the future that looks like it could offer a reason for future investors to chase the share price higher. As far how well it 'sells'? Well I suspect if its approved for the limited scope that I see it being developed for?? Might be a tough sell out of the gate, or until its understood what the process will be to 'expand' its use for is..
So, at the present, given they need some money, don't seem to have a plan to submit to the FDA for a clinical trial, and then have to run that trial? Which of course is going to take money, I suspect at least one SECONDARY offering... Whats it worth NOW to me?? Will let you know once this 10 day re-listing window is met and things settle down...
But as I posted, I managed to scalp some off this run that took place, and now since I don't like to 'chase' a run in progress, I will let the market take it to where its at from a share price standpoint, and decide if I like it or not. But not going to be in a hurry either given the time and anticipated cash raise that is likely to take place.. before what MIGHT be even starts (ie, the clinical trial)
IR sent me links to two more in addition to the one about CLAG-M, not much NEW in them if I remember whats been said before.. Note, they don't discuss the concern over the control arm in the PH3, anything about how they might address it (if at all)
https://ir.actiniumpharma.com/press-releases/detail/382
Actinium Announces Positive Interim Results from Iomab-B Pivotal Phase 3 SIERRA Trial at 75% of Total Patient Enrollment at the 62nd American Society of Hematology Annual Meeting
https://ir.actiniumpharma.com/press-releases/detail/381
Actinium Highlights Iomab-B Safety Data Presented at the 62nd American Society of Hematology Annual Meeting
thanks.
Now if they would only say something about the PH 3 state of affairs..
disclaimer: all shares held have Dec 15 and a few $17.5 covered calls sold against them...
so if they are reading this board and have something 'good' to say, hold off till after the DEC OE day (please) (smile)
The Benzinga presentation: maybe if enough of us pester their IR person, think they will post on their website what they said..
Sure would like to see a timeline showing when they anticipated an FDA PDUFA day... (at least we would know when the latest a buyout offer might be tendered).. (on the expectation that MDT will make one at some point)
looking at the last 2 links to this 'analyst' target price, there is nothing positive in the numbers to justify the target price..
Be interesting to find out WHO this analyst is and his written justification..
PS: bitcoin might be a better trade cause someone said thats WORTH/going to $300,000... and if enough believe it, they could make it happen.. (now there is a Ponzi scheme) What was really funny were the couple of folks I listened to as they tried to justify their 'target prices' for bitcoin. When they were done embarrassing themselves, they should have just said right off the bat, its going to this $ value 'because I said its worth that' and left it at that.
well if de-listing is a concern, then this should help keep the share price up over the $ minimum needed..
Otherwise, $10 in a year for something needing to raise money, no product for at least a year and some change, and based on what?? A potential buy-out??
Actions like this is what gives the stock market a bad name... and TSLA to the moon, etc... We need to get back to a market where the companies fundamentals and realistic prospects are the basis for share prices...
disclaimer: own none after a fast trade during the run up, but interested. Was just wondering where its going to settle down at first... before I considered a new position.. and note: this is not saying TMDI can't get to $10, but sure would like to see the 'justification' this analyst used first..
5 'green' days out of the last 19 if one counts were the share price closed equal to the day before on 2 of the 5..
For the last 5 WAVES/cycles, its been consistently lower peaks and troughs.
Been looking for buy signal, but between the PM sector running out of gas in Aug and heading south, and AXU indicating that the ramp up in production isn't till Q1 (beyond the 'cleaning out' of the residue in the first mine they are working on), and with end of season tax loss selling coming up...
Not seeing a buy signal 'yet'.. and quite frankly, at this point, since I am out, I would like to see it take another run at $2.3 or less..
raise the potential return cause if this PM sector stays under pressure, AXU may rise, but not find a lot of folks paying attention for the really 'good gains ($7.5+ range) I was hoping it have a shot at..
Chart says:
1st of all, said it some time ago, worst nightmare with AXU is they finally get their permit and 'no one cares' cause gold and silver have fallen out of 'favor', prices 'flat/falling'. Thats already in progress, and the question is, can the 'enthusiasm' for the sector be restored?? Suspect its going to be tough cause a whole lot of folks were involved in driving it up to $1900 and where will the next round of participants come from.. Cause one has to expect, the 'pros' and promoters are likely already 'all in' at this point... and how many 'little people' can they entice to run it up again? Don't know, with time we will know..
2nd: I don't own shares having sold at $2.58/9, tried a small batch at $2.4 and got out again cause of the above and AXUs slower than expected progress on getting going, or as it looks now, not seriously getting going until Q1 in 2021, with results in Q2??
and chart is showing continued consolidation/oscillation $2.4=$2.5 range.. So looking like I don't need to be in a rush at the moment to reload for next summers ramp up to full production...
While its pulled back as expected from its PR post peak price, the last 3 days show it trying to hold the $17.3 level which is right where the Moving Average timeline I use is at.
BUT, the momentum indicators I use have turned negative so expecting it to breakdown some more from here.
Still looking to see if the GAP theory will apply here, ie, will the GAP that took place on the day of the PR be 'filled'?
disclaimer: own PUTs on it, ie, placed a bet to challenge myself whether or not what I think will happen, happens.. IF it breaks down below $17.20??
and last I checked, around 90,000 shares traded up till around 2 PM implying that whoever is holding shares, has either decided to 'sit tight' with them and at the same time, not too many interested in accumulating at the moment. Perfect setup for a decision to develop of, can it hold or does it drop... before the next PR takes place..
Wow. really quiet over here and I thought it had gotten 'quiet' before...
Ok, as a disclaimer:
have built up my position to what I want since I sold out before the r/split, last add was on the dip to near $10 yesterday...
see they are near or at the 75% enrollment point on their PH 3, some presentations coming up..
Hopefully this closes the DEC OE day under $15.. 10 days to go with the presentations taking place Dec 5-8th IF I remember the dates right..
Seen this 'show' far too many times over my time in the market..
Why I learned when these happen to 'take what its giving'.
and as far as 'scooping up shares', its not clear where this is going to bottom out at.
So don't be in a hurry trying to bottom fish until it confirms its hit rock bottom..
Or as I believe it was Burt Baruch who said
"made my money by not being the first to buy, nor the last to sell'...
yep, momentum can be a bitch when its lost...
Especially if those that were chasing were just there for the 'ride'... as long as it lasted..
Honeycomb777
good to see someone questioning things.. Keep it up..
disclaimer: just found this one in the last couple of weeks, really interested in the 'timeline'... for commencing the trial...
Can you share the direct link to this 'document' on the SEC.gov you are referring to?? especially 2nd one down on sec.gov - MD&A dated 11/16/20
Went to the SEC.gov site, searched TITAN MED, saw one dated 11/16, but not sure if this is the one you are referencing.
thanks in advance
disclaimer: own no shares after flipping some in less than a day of holding for nice gains since I am currently in a 'take what it gives' mode until this thing bases after this run up...
is this run coincidental to meeting a listing reqt??
Saw some chatter about needing to be above a $ for 10 days... to help stay 'listed'??
Is this run coincidental to this chatter??
Undervalued?? What is its 'current' valuation and basis??
.usually those who speak it have missed the big run like TMDI doubling the last 10 days and still way undervalued
Curious to know.
disclaimer: new to this one, some catching up to the rest of you to do...
and reason for entering is quite simply that I like the 'idea', would have been a lot happier if this hadn't jumped late last week the way it did..
I am out of AXU totally now...
reason: the PM sector 'bubble' is in trouble, the downtrend that started in early Aug has a grip on the miners, PM prices... yes they are making an attempt now and then to resurrect themselves, but they have failed a few times now since the slide commenced.
And at the moment, I do have a lot of miner charts showing that a 3 day 'pause' is underway... Reading that to imply, they are looking for direction..
and I got out of AXU altogether because of something I live by.. That a company has a fleeting moment in which to make a 'move'... And if AXU had only been fortunate to get their damn permit last spring when the PM sector took off seriously, I could easily see them at $7.5 plus on the news they were commencing mining. Now even if they commence mining, if the sector is under pressure, the miners sliding, will enough care to even push it over $4 on the news??
But at the same time, after digesting this latest news, I am looking for a potential 'play' on the ramp up... heck, a buy at $2.50 or less with a move to just $3.50 would be a nice gain...
Thats what they said some years ago when solar production took off in a big way...
While I am looking for an update, I am kind of hoping they hold off till after the Dec OE day or the news is just good enough to not push the share price over $15..
Picked up $6500+ some from selling covered call on 4000 shares...
Suspect due to the low share count, the market is giving a nice volatility premium on the shares.. For the last few months now, selling the covered calls has paid off very nicely..
just hope to keep the shares for another round in Jan... and note, started selling them at the $10 strike price back in Sept, then $12.50s, then $15s, now have some at the $17.50 level with the bulk of them at the $15 strike price.....
Why in the world is silver going to be trading at even $30/oz on a SUSTAINED basis unless supply gets tight in the face of 'demand'..
WHY? And I ask this seriously because I have followed gold/silver, traded positions for several years now (since around 2014). And while they have had a few serious runs since 2008, they don't/haven't held those gains. And it was the dip after 2011 that gave me an entry so that I could sell physical for gains this year...
And during this time, I have researched, debated with folks as to WHY they should do any.thing more than at a minimum, provide some degree of profits for everyone involved in the mining of, moving of to market and sellers of.
What else is justified beyond that for silver and gold are no longer 'tied' to anything other than supply and demand for the physical available.
Asking seriously, because till now, while many work hard to justify their 'calls' for this and that price, none of it works out that way until they can create a 'run' in the sector, as it happened this year...
and on that note, as long as the price of silver can stay above $17, I suspect we can see AXU once it starts mining looking for at least $5/sh... But who knows what happens if the sector falls out of favor..
disclaimer: don't own any at the moment, looking for a buy in point and should have grabbed some when it dipped below $2.35..
doing this with CRMD, which has a FDA decision day of 28 Feb...
been selling covered calls on 'non-core' shares.. But not selling them on the core shares cause of surprise news releases as they did this week has cost me approx $20,000 in covered calls NOT sold.. while I have waited..
But have approx 8000 shares 'at risk' today because of unexpected news (current share price 9 cents over the strike price)... likely buy the calls back before the close today and sell the Dec ones for more gains.. (see if they will give 50 cents/sh for the 8s...
market loves to prove us wrong as often as it can doesn't it (smile)...
Does today count?? $2.45/46 bid/ask at the moment...
Chart is hinting that $2.40 could be tested if something doesn't spark buying interest...
for the PM sector or AXU itself
disclaimer: don't own any now... posted why... see if it holds $2.40.. and every penny below that, makes a $5 target price look a lot better.
had a few more minutes to look into this one.. Just got into their clinical trials, 3 in 'progress', with the most advanced one being the PH 2... But just caught that this PH 2 is not scheduled to complete till the time period of 2022-2024.. then a PH 3 has to be run??
This one isn't worth a $5 spot let alone $20... wow, wonder who in the heck is buying shares at this price level, this far in advance...
disclaimer: what am I missing?? But do own some PUTS due to the perceived overvaluation..
the decision:
sold AXU at $2.58 last week... my goal with this one was to see if it could reach for $5... that would be about a 80% return on my latest buy.
But I have two others that are on the verge of applying for or getting an FDA decision on their drug developments.
CRMD has an FDA decision date on Feb 28th. ATNM is in the middle of a PH 3 that by some indications, there is a potential for them to ask for an early halt and move towards approval for reasons.
And IF these 2 do what I see them doing, both of them can be expected to run, with a minimum of a 200% return. And in the meantime, on ATNM, getting really nice prices selling their covered calls at strike prices up to $5 above the current price.
So given this, I may not buy AXU back now cause the 'grass MIGHT be' greener elsewhere IF an unexpected surprise does not occur.
Not sure whats going on, but seeing buying demand/pressure building.
Been flipping covered calls for gains, closed out the Nov 12.5 for gains, got some nice prices on the Dec 15s and even the Dec 17.5 ($1.32) with the share price at $12.5 range.
Still seeing the data/info I am aware of indicating their effort 'works', and again, its not a 'cure' in the sense of what most developmetns attempt to accomplish. But it 'appears' to help/assist, and IF this is an accurate assessment of whats been seen, it would appear to be a candidate for a NDA submission.
disclaimer: hold shares, selling covered calls and hoping like heck any move gives me time to close them out.. (ie, concerned due to the low share count of a move spiking the price beyond the strike prices before I can get out of the way)...
first of all, the evidence is showing IF we still have a rule of law left in America, many dems could be jail before the end of the year for trying to pull of major vote fraud...
as far as AXU goes, the primary reason I like it is, as long as the price of silver stays above say $17, they are going to be making money....
Whereas many existing miner share prices ran up as their profit margins increased, they will see their share prices slide IF the price of silver drops cause they are already producing at max levels.
AXU has the benefit of having 'nothing' to max...
check out THEGATEWAYPUNDIT.com for the REAL NEWS concerning the VOTE FRAUD that was attempted. Again, 'some' need to go to jail for doing this.. and I really hope they find the ones that ran this effort, not just the useful idiots at the deckplate level that actually committed it (like the poll workers violating state laws while 'counting' votes, et al)
oops: hit $2.45 this morn...
Moderna vaccine news hit the PMs this morn...
if I can reload at even $2.45, thats a 5% extra 'return' to the price point I sold out at..
IF I heard them right, whats taking place is the 'cleaning up' of whats left in the one mine, that will then be shut down. Will that be a net positive event for them or not is to be determined.
Then they will be ramping up production in the 1st qtr 2021 (sometime in the 1st qtr) and based on some of their other comments, they have some work to do in parallel that I suspect will slow down the commencement.
Therefore, I was disappointed in what I heard for the short term, not for the long term. But given the pressure the PM sector is under, given that AXUs chart is under a little pressure and has a downtrend in progress, and that I have a better short term option to make a little bit, I decided to sell out at $2.58/59 just as the Q&A was starting... and only heard wwhat I think was 2 questions being asked??
Decided to make a little over the next month in something else, and see if I can get back in a little bit cheaper..
and yeah, I know, its possible it takes off, but my patience with this one is running thin after an 18 month delay from when I thought they were going to get their permit
well, looks like its going to hinge on what they say at the CC today, cause the release last night didn't get the markets attention...
correct me if I am wrong, but they say they have 35 Million shares outstanding, just indicated they are going to sell ATM 5 Million more..
And today, 22 Million shares traded...
yesterday it was 75 Million...
In many circles, that is one heck of a lot of 'turnover' going on..
interesting..
wonder how many now own positions with a cost basis above $20/sh??
disclaimer: Day 2 post PH 2 data release..
help me understand this one here:
-this was just a phase 2 trial. Results appear good enough to get a PH 3 designed and run (at least 2 years to complete??)
-they just announced a 5 Million share at the market share sale. This far out, and with no earnings, no need to talk about the dilutive effect on 35 Mil shares outstanding, for I expect there will be more secondaries in the future..
-they just lost 74 cents/sh in the last quarter IF I read their earnings release correctly..
To me, this looks like a classic Wall Street pump and dump set up... designed to help the company raise money on relatively weak news with respect to future earnings/revenues cause its only a PH 2..
So what am I missing?? That justifies folks paying up to $24-26/sh for something not worth $5 for at least another full year??
disclaimer: said it yesterday that I bought Dec $5 Puts with the share price at $19.60... (was up 60%+ at the close last night on them, laughing this morn when I saw it opening up as it did, wondering what in the hell are folks doing as I explained to my son how MOMENTUM and NOISE can make people do foolish things)