SomeThing
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hum! Maybe but wouldn't it be very difficult to keep such a secret for so long? I'm thinking such a secret, if exposed, you probably then turn a bunch of their statements over the years into blatant lies to investors. That would call for some fun in court.
What's "real"? Most of us are just bots !!!
Well, I find him pretty entertaining anyways. That's got be worth something right?! Let's do the math guys! hahaha!
Down a lot today. I'd say related to ALDX (another "eyes" biotech) which is down about 32% following Top-Line results. It's a mistake to associate the faith of those 2 IMO. This is creating a great opportunity. Will go back over 4$ very soon and may never "look" back. This wild horse will suddenly run free at some point. Great MGT. Founder keeps on buying. Great innovation. First-in-class comes to mind.
hahaha! Dude, you really are a number. For all the passion and thinking you put into this i guess you really deserve a seat at the board. Although, i'm not so sure it is really a positive thing at this point but you know what I mean. The day you realize you are burning too much time and energy on this you should invest in yourself and write a book. I'm pretty sure you'd succeed at it.
yeah! Not holding my breath here... actually... no longer holding on to any shares either. I sold the whole lot last week and it felt really really good. Not that I had that many but still... a sensible loss of over 10K. Cost 1.17$, sold at 0.68$ I should have not bought back but I really thought this wouldn't go down under 1$ so i did even if i knew MGT sucks. But hey! It happens. Lesson learned. Just glad i previously got out of a way bigger position before it went down under 2$. It would have been a real disaster if i hadn't. I feel for those who hung in there all the way down. Seriously those execs are criminals to me and they deserve to go to jail. IMO To think they are still out there trying to lure investors in... it's disgusting.
A way to get the PPS move up is for all insiders to start buying shares.
"In addition to the initial transaction described in Section 6 above, on each of November 7, 8, 11 and 12, 2019, under the terms of the Agreement, the Company sold to Aspire 100,000 common shares each date, for a total of 400,000 common shares at an average price of US$ 0.4252 per share for gross proceeds of $170,090."
Now we know!
"The Company expects that approximately $72 million in incremental funding is needed, to the end of 2020 to maintain its currently anticipated pace of development."
Pfff! Bah! peanuts!
Yep! You're right. Something's not right.
Or... maybe they had an interested buyer but finally realized what the village idiot already knew: that it is a very bad idea to sell over half the cie including its control to a single entity for peanuts when you can sell the whole thing for about a couple hundred millions.
It just didn't make sense to me that they were willing to so obviously risk losing control of the cie. That raise was clearly a suicide pill for everyone including MGT. Over 50% dilution for shareholders in exchange of something like 20M. What a joke !!! They deserve "Dumbest MGT" award of the year just for trying that raise. Maybe they deserve some time in prison too.
Yes, things can go wrong very quickly. 6-7 months is more than enough for things to go south. A couple of months Is actually more than enough and the most brilliant people do take bad decisions sometimes. People also make assumptions based on the past like : "Hey! it's easy to get financing. There is no end to the amount of cash I can get from investors.".
I don't believe any of this is intentional or a conspiracy to lower the SP for whatever secret reason or goal. I think they genuinely care about the project but not about the investors. It is that last part that came back to bite them at the worse time.
I don't know why Federico and others come aboard and i'm not sure i care so much about it now because the situation has changed drastically since then. The age factor is certainly not an indication of anything to me. A more important aspect would be "reputation". To be associated with Titan these days is not so much of a glorious thing so if you don't leave despite the fact that your reputation is on the line then there must be a good reason that balances all that.
That being said, if the boat is on fire you follow the rats. If none of them is jumping off it is probably because they know that they are better off on board. Meaning, they probably know they can still make a decent profit if it comes down to a firesale. Those guys are not staying just for that regular pay check that comes in every other week.
As for myself, I will follow the first rat that jumps off the boat. Actually, i'll probably be out before that. I will sell if this boat gives me any indication that it is not headed (forced or not) to "Sale Island". At this point a sale is the only reason i can think of to still be invested in this.
I wish they'd come out to announce they are just keeping the lights on and are looking for a buyer. This would bring SP to a higher level and give us a better hand in sales talks. I bet they could then even raise money if that were simply to pay the electricity bills. That would allow more time to sell at a fair price. Now what that fair price is... that's the great unknown.
IMO.
If they somehow manage to get this raise filled those stubborn (idiots/crooks/liars/thieves … pick your word!) will try to go at it again until they can't.
They obviously don't care about investors and will dilute share value until they are forced to sell. The sooner they hit that wall the better in my opinion. This raise alone is more than halving share value so I wish they fail now. If that is already accounted for, and i believe it is, you could even see SP significantly go up on news that they can no longer fool anyone for cash. It would mean a fire sale is imminent and that is probably the best to expect at this point.
MGT may be in denial but they have failed already. Their plan to go at it alone is done. That doesn't mean the work that has been done so far is worth nothing. They will have to sell no matter what at some point as there is no way they will be able to raise enough cash to go the distance with no credibility left at all.
If they announce this raise is pocketed it also means they step into a territory where some entity can buy enough shares to control the cie. Why would someone buy this raise at this point anyway? I would only if it granted me control of the cie. I would then liquidate it ASAP... otherwise... i see no point in investing in this knowing MGT is clearly on a kamikaze mission.
Any scenario that keeps this MGT in place and/or that utopic plan to make it alone alive is really bad news for anyone invested in this. Let's agree that the cash they get from this raise is not enough to do anything significant so it is basically a stab in the back of shareholders. They are willing to go "allin" with 7-2 offsuit on the river knowing full well their bluff is going to get called. There is a name for it at poker. We have "tilt" player at the table. Except here this "tilt" player is not putting his own money in the pot.
Successful raise + MGT remaining in place = very bad.
Successful raise + new entity that wishes to sell taking control = good
Failed raise = very good
IMO - You need to pack enough fuel when you intend to cross an ocean.
I emailed but got no reply. Not that I expected one. Everyone should send an email or call. This thing must be sold before it is too late.
My own email ended on these words: "Those desperate mad raises at any price are ruining a lot of people. It's not YOUR cie. Review your duties as a CEO. I did not get on board to watch a mad pilot deliberately crash the plane."
This latest tragic act today is ridiculous at best. When you hang out with loan sharks you can't expect people will want to invest with you. All credibility is lost here. Time to sell all assets to recoup some of the lo$$es.
What? A "customer"... A shareholder isn't a customer at all.
Robotic-Assisted Surgery (RAS) Investor Update
Sep 24, 2019 from 2:00 PM to 5:30 PM EDT
Webcast Presentation
webcast : https://livestream.com/Medtronic/robotics
That 9/24 event just might be the only thing that's keeping TMDI's share price floating around 2$ instead of 1.50$. But to me it is not really floating : it is going down. If it appears to be stalled while pretty much everything else is slowly going up then it pretty much equals it going slowly down while the rest is stalled.
No longer long on TMDI here. I personally sold a few mounts ago and saved several thousands so far + the money is at work somewhere else. You don't have to bend over when someone is trying to screw you. There are other opportunities everywhere all the times.
Not saying i will not buy back at some point but right now this looks like a casino bet. Mgt lost pretty much all credibility with me. I felt cheated and my response has been to take my money off the table. Yes, they seem to have a good tree but it also seems to me that they do not care at all if the investors get their fair share of the fruits in the end. Not a good thing.
Now 9/24 will probably be disillusionment day as some realize it is not Titan's day at all... as if it isn't clear enough! I think it will only announce more aggressive (and very well funded) competition. Yes it may draw eyes/investment on this market as a whole but... i don't expect that itself will blow the roof on TMDI's share price. Obviously, big guns already know what is going on in this market. They are not going to discover Titan exists and has some interesting patents on 9/24... i mean... c'mon... they know!
I think the SP will go down or just "stall while the rest of the market goes up" in the coming days then go up right before 9/24... to then sadly and significantly go way down after. All in all i think TMDI's SP has not reached the bottom yet. I expect the bottom to be revealed when mgt starts buying shares.
The question of the day is: Where would the SP be right now if that 9/24 event didn't exist at all?!