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Lightrock again....
deleted error...
Lightrock......
Bookmark this if you haven't(others too) as I look for more data due to yesterday's filing to start showing more data and ownership on TMDI since we have a operations in the USA.
Notice yesterday's short volume...Tic toc...
https://fintel.io/ss/us/tmdi
Morning all...
Fed chairman set to testify to Congress over the next 2 days starting today so I am not looking for SPY or the markets to move a big amount in either direction. That said,I expect trading volume to be light across the boards and I think we will be news driven here.If no news then we just piddle around consolidating in this range.Notice no volume today so far.
You are quite welcome....
I feel the longs pain here but in closing if it helps any...I rode DNDN from 3 to 19 to 2 area to 19 again on 3 Phase 3 trials yes 3 as wall street hated our CEO. Finally.We broke 19 went to 38 FDA approval...I sold at 38 went to 54 our CEO sold nearly 3/4 of his shares..stock dropped back to 38 area and they took away guidance. Stock fell to 11 then 2.00 then BK.
What a ride over 7 years that was. Highs,lows,High, low then BK. Drug Provenge sold to VRX at auction for 400 million then resold to china for nearly 800 million few years later. VRX now BHC....yes,drugs are risky.
Robots seem not quite as bad.My condolences to the old times here.Brighter days ahead. Follow the deep pockets and all the well liked players.I'll chime in when I feel concerned on anything. Until then we look great right now.
Roll
I really think.....
believe it or not,Martha MDT CEO used the MZOR agreement with TMDI as I think BIGT here said that many post back. MDT wants to get a stake in with the milestones etc like it did in MZOR.Martha at that time-2 years back was credited if I am not mistaken for MZOR BO.Previous at GE for a decade or so,then 8 years there at MDT.
Like I said days ago, Martha MDT at that time could have been drawing up TMDI/MDT agreement prior to April 29 2020 being now CEO of MDT.
So, MDT and TMDI had to of been in talks months before as to the 1.5 million loan that was blown off this board and pps dropped back to upper .20's due to MDT name being withheld on purpose. Why on purpose? because the terms of agreement had to be worked out as well as the buyer of the 18 million offering to be executed asap.
Please remember May 29 2020 was the TMDI US filing in Delaware.Then came the early June Pr's. Also note when a press release is released it was filed the day before. Always remember that it is a day earlier.
Anyhow, if MDT is not the buyer of the offering I know as pointed out before here MDT as a great relationship with Karl Storz.Could be a merger down the road but with MDT and Storz but let's not go there yet. I'm with most of you all. MDT or an arm of theirs bought the offering and maybe is going to be buyers of future offerings.
GO do some DD on the MZOR deal. Starting when first announced...Thanks ROll
I first started with.....
small biotech companies-scios real good first one.I watched Randal J Kirk take a 4.5% stake after he sold King Pharma.Kirk got seat on the board and later on JNJ gave us 42 pps. A ride from 3.00
Soon thereafter I played with some of Kirk small low float biotech companies,CLDA, NRVR,(New River) etc and road them up to Buy outs.Then came DNDN (which I know some names here over the years that were in DNDN).
Last good one was ARIA for me.A drop from 25 to 5 on an US issue on a drug that had to go through 3 years of more studying to see if it caused fatal conditions to late stage LK patients all while the drug was being used outside the US. Alex Denner(Carl Icahn's) right hand buyer of of biotechs started his own fund and took a stake and seat on the ARIA board.
He fetched us 24 pps on a Christmas inking from Takeda company on Jan 7 2017...Between Kirk, Denner, and experience in companies-FDA I got a good feel for following the players and $$$...I have been in TMDI last 3 years but a lurker mostly and in only a small position. AMD at 8.37 first buy was where most monies have been.
Biotechs are great for grand slams but all 8 cylinders have to fire all the time even when your drug hits the market in use due to unexpected side effects. JNJ found this out with our SCIOS drug Natrecor after the ink dried on BO.
That said, TMDI is unique and being a follower and few trades on ISRG years ago,I was hoping we would shine sooner but-if a cow had balls it would be a bull. However, 110% behind and in for the BO/merger in the future.I feel very good about where we are at now.
Funny but sad story here on Ihub.Here on ARIA board an old timer in ARIA netted 14k on Friday when we were in the 12's. He boasted and was a tad bragging about scalping in and out. See you Monday Morning he posted and boasted about his daily gains....don't worry longs-I'll buy back in and repeat process..
Well come early on Monday..(they don't call it Merger Monday for nothing) stock was halted prior to very first trade.Yes!! ARIA sold for 24 per share.The poor old timer never ever posted a single post again here on ARIA board...So, hold what you all have in my opinion.You just never know what the next "halt" could be.
Sorry for the long wind. Roll
Do you think this deal gets completed......
It most certainly will between both parties.Why?Because both parties want to do their very best to achieve the end result.MDT basically has unlimited monies to see FDA approval and be a competitor in the marketplace as they are in it for the long haul.
TMDI has all the means and IP needed to build the best of the best SP robots.They just lack more money.Combine the expertise,parts,patent protection,technology,MDT+TMDI and you get a brand new state of the art system to simplify surgeries for decades to come.
Both parties deserve to win being proud as a peacock when it is finished and on the market.One day some of you here and maybe even I will get to see it in action for our benefit.Imagine being part of paying to build a machine that you may have used on you in the future.Amazing to think that.
If some of you would take the time...
To read the filings some of the answers are in there such as the AGM meeting laws of Canada. The time period is in there and days to notify ahead of said meeting. Deadline as well.....Go read,not that hard to understand as pretty cut and dried.Cheers to another day scratched off.Look for another PR soon.
Ground Control to Major McNally..
Take your protein pills and put your helmet on...
When the time is right...
TMDI will be upgraded and only when the one asking the favor has as many as shares as they desire.
So many things could be put out in PR form but the one that will move us greatly imo,will be a well-known analyst upgrade.It's customary for the analyst that cover the stock to do the upgrades and downgrades.
With AMD 2 years ago GS analyst downgraded our stock and was not or had not ever covered our stock.Did it at 4am one morning.Yes,GS bought up the drop and bottomed fished per the next 45 day filing,
Lastly, underwriter and others not letting us mess up 7 day run over a buck to comply.Don't care if it is 1.01 at close.Seen it many times on Options Expiration days by a penny to exercise.
Big boys chat about stock movement just like us peons.Have been for a Century.
Take it for what it cost you....
but this is how big boys accumulate shares by selling a few,shaking out weak hand,tripping stop loss,limits,and buying the dips in small amounts.
I have seen this many,many times when great news hits,and the stock stays flat to lower,and consolidates while shares get slowly bought.It is done to make an investor think it's weak and a non event.Then comes the rise on the next bit of news and the stock finds a new area to consolidate.
Think what you want and wait and see how it plays out this week.I'd bet this is the lowest day we see for TMDI ever in history.No pump,just remember this day...
Shake em out before next PR....
That will get rid of the weak hands and stop losses/limits.
Old rule..."Know what you own"......
If I were in Mcnally shoes......
And indeed were in future needs of money and didn't want to send any smoke signals as to a sure BO,then I would send the quiet feelers out to the marketplace within a PR here and there to solicit anyone wanting a deal on warrants and stock.
Nothing like stirring the pot now as an investor can watch the stock rise over the next few months while he hammers out the next round.Good strategy imo......and just my opinion as to what I see happening.
Yep...Martha all about robots.Tic toc..
Keep telling yourself that..
Broken clock is right two times a day!
Speaking of clocks...Tic toc
Ps. Scratch that PR from the list.
Next PR will be or should be additional Director hired...
Tic Toc......
Thoughts on this.....
The mark consists of the word ENOS in lower case stylized font.
Why would TMDI Trademark "enos" is lower case letters"
https://uspto.report/TM/88444220/RFA20190527085818/
Interesting last paragraph......
Sorry if been posted before.
Digital Surgery will remain headquartered in London where there are plans for continued investment and workforce expansion. The company’s executive team, including the two surgeon co-founders, Dr. Andre Chow and Dr. Jean Nehme, will remain in place and continue to provide leadership. Digital Surgery and Medtronic’s co-developed digital solutions are expected to be offered on future Medtronic soft tissue robotic assisted surgery systems.
http://newsroom.medtronic.com/news-releases/news-release-details/medtronic-advance-solutions-and-capabilities-surgical-data-and
Tuck-In Acquisition explained here.....
First the definition..
https://www.investopedia.com/terms/t/tuckinacquisition.asp
Then MDT's new CEO will explain it to you at the 7 minute mark as what MDT likes to do.......(use cc on your screen so you read it)
Few pieces of the puzzle.....
April 29,2020 we received the 1.5 million dollar loan from no named party.
April 27,2020 MDT officially put in place new CEO,that loves robots and loves making deals and BO's.(an employee of MDT that replaces retiring CEO)
Read paragraph 7 twice so it sinks in slowly.hehe
https://www.medtronic.com/us-en/about/leadership/geoffrey-martha.html
I think it was 2015 MDT......
Moved all operations outside US for tax reasons.Still headquartered here but operations outside US.Yes,if NC is operations there would be the greater "passive income" in US for TMDI.Then forward thinking.....I'll dream with Scalpel.MDT all stock deal.That makes the most sense on the US filing as some investors would and could hold MDT stock for 12 months after close and yield the LT tax gain lower percentage. Right?
Hey maybe the May 29 filing......
had to do with NASDAQ. Surely once last director comes on board,we meet the 10 day requirement(tic toc) moving operations to NC,and partnered with MDT is bound to look better to stay listed.
That said,in reverse,what would happen if TMDI dropped from TSX and went with NAS only? What would that due to Canadian investors tax wise?
My APA stock went off NYS and now trades only on NAS after years of trading of being on both exchanges.Maybe Scalpel's dream of stock merger is in the cards and this move simplifies any accounting issues since each Country has different tax laws.They spelled this out in the filing in depth.Starting to make sense more and more.MDT buys TMDI in all stock deal. Hmmm...
May 29 filing USA.......
Could of had to do with certain license or permits in USA for NC facility and operations in my opinion.Maybe rules of US setting up shop here and based outside of US.Just my 2 cents.
What is interesting about MDT deal is..
I wonder how fair valuation was reached between the parties as to the IP value of MDT using to the value of the milestones.This is what is most interesting.Why was the whole deal agreed upon for 31 million?
Somehow,someway,it was determined that is all that was needed?Why 18 million offering and not 25 million?What difference would it have made if it were more than what was agreed upon. MDT has TMDI all tied up in the loan agreement(which is common through my research). Steering Committee was unique to see structured.Maybe it had to do with future voting rights by only doing 18 million now if it is MDT who bought the offer/raise.
Bottom line. TMDI is married to MDT with outstanding 1.5 million loan.Maybe the loan was the first step April 29 filing,then came the goodies in a basket June 4 agreement. All in all a sweet deal and no reason to think (with the warrants issued) pps should hit milestones.
Not much more to say as you guys have covered it in previous posts. Thanks Scalpel for the accountant advice.
Geo.....
S-26 is a good starting point on latest Prospectus Supplement filed on June 8 2020. Being a US citizen and filing using Market to Market for trading I think one is covered.I have bought Canadian companies before and never had any questions from accountant as Market to Market is used.
I agree with your thoughts and share them.Any thoughts on AGM upcoming and announcement date? Thanks
https://www.sec.gov/Archives/edgar/data/840551/000115752320000886/a52232457.htm
From TMDI filing....
This should be another PR to the list from company when ink dries.
Formation of U.S. subsidiary
On May 29, 2020, we incorporated Titan Medical USA, Inc., as a wholly-owned subsidiary of Titan, under the General Corporation Law of the State of Delaware
This is another piece to the puzzle for NC building lease and operations.I know most of you already knew this but new investors need quick details so they will hold shares and not treat this as a momentum play.Further,I know what you are thinking.....we paid our dues with money let them buy and sell and miss out.Well every bit helps us when folks hold their shares to get us across certain levels and hit milestones.
I have never thought of being quiet about giving out a good stock to others as they help with the pps rise.Yes, dangers of stock going the other way and then folks are ticked off at you.
I think maybe a sticky should be put together on TMDI's new developments as moving operations to USA and being partnered with MDT with them getting exclusive IP rights is an eye opener for a stock at a 1.15
Newbies do your own DD and read,read read.You could have the best stock you ever owned and not even know it looking at the past TMDI chart.Stock markets are traded and bought on "Forward Thinking" as you need to do the same in my opinion. You snooze you lose...
Feel free to add to the list.....
After a marathon of reading yesterday more in depth,connecting the dots,other competitors,TMDI's past issues to old longs,etc here is what is in the pipeline so to speak as to a slew of pr's heading our way.
These could come from sources outside company:
Filing for whom bought the last offering
Upgrades
Nasdaq satisfied
New patents granted
What we should see from TMDI PR's
2nd board member added
Clarity on moving operations into US for good- NC
Conference Call updating Shareholders going forward
Interesting Side Note: After reading many old post here that took forever(Thanks for the wisdom here) I agree that maybe TMDI and MDT will combine each others smarts and a newly improved final SP robotic will bear the name ENOS and be officially owned by MDT when the smoke clears and sold by MDT.Yes, that means MDT will own TMDI.
Lastly may some of you please chime in on your thoughts of TMDI+MDT agreeing on a poison pill to protect a hostile takeover down the road.Or shall I say what are the chances of this happening.With Jnj,Stryker,ISGR,etc....anything could happen. Suppose one of these snatched up future share offerings through a LLC or hedge fund purchased on their behalf.
I came across some reads years back that you could actually have hedge funds or investors that purchased offerings or raises, then be sold later to a single fund wanting a larger percentage in a company and that was legal to do.
Perhaps the MDT milestone payments are the reason they are in place to see that TMDI does not need to do many offerings. Just thinking out loud on a new topic to be kicked around rather than same ol topics being discussed. Ps. GO READ on what you own and are buying to newbies.It will build your confidence. Sorry for the really long holders that have been taken to the woodshed over the years. Look forward on your wealth today not what has been done. I personally think we are in a very,very good position even with a volatile stock market in general.
Thanks Roll
Last post today per rules..a correction
First I made an error in my previous post saying that Titan Spine and MDT buying them were TMDI's as Titan Spine was private company not related.What was interesting was MDT bought Titan Spine out for undisclosed amount on the same day Boston Scientific bought out another spine player.MDT had to stay up with the ever changing competition and field as it is a moving target.
Lastly, lets dig into your homework on stock moves.Stocks moves are greatest when supply of shares are low like anything below 50 million OS is what I look at. However,you can have a stock that has 80 million OS and have a high BETA (near 4 for TMDI) and the stock will move like it has 20 million OS. As TMDI moves forward in the news and articles come out with regards to new patents awarded,milestones crossed, upgrades, etc....the institutions will have already have been buying shares and holding.This lowers the actual shares out in the playing field- or float that are available to purchase. TMDI with the high BETA uses the halts which are good imo because it will work in our favor on the uptrend.
So, in closing for today we don't need institution to create volume as the float gets bought up(plenty of retail money as you have seen this past week with low priced stocks-momentum) to rise and break cross resistance areas that will become new support areas.
You want TMDI stock to rise like everyone else that is long. Just buy it and count on a long term tax gain (12 months) plan. Now if TMDI gets bought in say within 9 months then chances are it would not close for another 90 days so there is your lower long term capital tax rate at 15% versus -treated as earned income bracket with short term gains.
Sit on hands and buy what you can afford to risk as there is always risk in the market as look at 9-11 fiasco for us investors.Nothing is a sure thing in today's day and time. Made my last post today.
Have a great weekend and don't forget go read the filings today. It is your $$$$ you are investing with. Thanks Roll.
Lightrock......
I think I have read all the important filings pertaining to MDT deal to make me comfortable to put my money where my mouth is.That said,I have read all about who is working for TMDI now,why,and where have those folks been and what did they do in the past history with other companies they owned or operated-our CEO and new board member example.
You want a wrench in the spokes.Stocks get overbought all the time ahead of buyouts due to herds flocking for easy money.Mazor could have been overbought or buyout was underpaid.However no new bidders wanted in and MDT had it's playbook strategy wrapping up Mazor tightly and they bought it for said amount.
In my opinion, TMDI took the MDT agreement because of the milestones,market conditions,and who MDT is. If I recall...(cough) wasn't it MDT who bought TMDI's Titan Spine for an undisclosed amount last year?
TMDI has invested per CEO 215 million in shareholder monies since 2008 and is at the goal line.First and goal with inches to go and 3 timeouts.
I say it's a touchdown before they actually get an official to signal by raising his or her hands they made it.That is why I am investing in a 70 ish dollar company for a tad over a buck averaged cost ahead of paying more with the herd.Suppose we go the distance as you say and the share price is around 20 bucks due to herds flocking in the stock.
Would you think this current pps is a good buy?or would you rather wait and see approach and pay more as milestones are crossed.MDT has us wrapped up through agreement and loan pretty darn tight.This keeps us under parental supervision- Steering Committee etc..(in filings) monthly so MDT knows what is going on at the house.Agreement keeps us from talking to strangers or loaning them anything without MDT knowing.
Just wait...MDT adopts us sooner or later.Saving my last post for later tonight after other fine folks contribute to the board.Many really good brains here. Teamwork gets things done.
Peace. Roll.
Lightrock.........
In a perfect world yes when one buys something they would want it in it's best shape possible(like you buying a used car that just passed it's yearly emission/safety inspection) to avoid surprises. However, if you were a mechanic and could buy the car ahead of its yearly inspection knowing it's a daily driver,and you work on cars for a living,if the price was right why would you wait and pay more knowing you could own it now?
Remember the old saying about those who wait....I could go on and on about being involved with stocks I owned over the decades that got bought out and about what is actual fair value,the timing in which they were bought out in regards to that company facing FDA.
Bottom line is how bad does MDT want to own it and does MDT want a bidding war? Noticed in 2017 AGM video meeting ISGR was mentioned by TMDI in passing.One would have to be blind or operate in a cave being in the robotic business to not know about what has happened as of late to TMDI per filings.Bet they wished they were in MDT shoes. huh?
Great Post Honeycomb......
May I suggest all that have shares take the time this weekend and go read the latest filings on TMDI site carefully.To do it right you need to set aside 4 hours of your time.
I would suggest you look at the pps at the time of the April 29 filing where the loan was not revealed it being made by MDT.Look at the small bump in price,what .20 to .40 . Then read all filings slowly and look how the agreement is written.
There is no way (unless MDT is outbid) that MDT isn't buying us. Plain and simple.I feel MDT is in it for the long haul and they would pony up what is needed to own it lock stock and barrel no matter who comes in for an offer.
Lastly, when we sold ARIA our last FDA decision was months away and we still were bought out for 5.4 billion and had our $$$ in all accounts.Yes, FDA approved our drug some months after we were bought. That said, in my opinion,MDT buys us out "before" we get FDA approval. Why? there is nothing that can't be addressed with FDA by MDT should we be sold prior to FDA.
MDT is like a CEO of a company.MDT will know everything there is to know about system as I feel they know it now as good as McNally.So there is no need go 9 innings with us.Wait and see.Tic Toc..
TMDI drifting with the markets....
Watch the ticks and hold your shares. Light volume means zero with a rise or fall.Until we have directional momentum we just drift-simple as that. I use SPY as an indicator on directions for stocks.Of course VIX front runs SPY 99% of the time.
Any stock that idles in this market is a target for short attacks.Dropping with the markets is common on light volume.Just remember what you own.Back to Lurking.
FYI...
Using Ameritrade level 2 @ 10:04.11 my order was to buy 5k at 1.23 on the ask,as weren't much volume on the bid. In return when order was placed (using 2 monitors) I watched the my 5k order be filled not on level 2 but on another exchange @ 1.22.99 What is interesting is the 4800 on level 2 was left unfilled.
Yes, I know not all mm are displayed on Level 2, and order was filled behind the scenes through another mm....however this does tell me that we are being kept from rising here at present.Prior days orders bought and sold off level 2 was reflected in pps rise.
So, fwiw we breakout on heavy volume when it comes and until then it appears we are being held down on purpose.jmho...tic toc.
Hello All, Glad to join the gang here..
I have been in TMDI for 3 years and a lurker here longer than that.See many of you oldtimers still holding.That is a wise move after being in ARIAD,SCIOS,NEW River, etc. ARIA was inked Christmas Eve/Day and that was that. Stock was 13 area and fetched 24 pps. OS was 176 million.
You guys are very wise here and have been connecting the dots.Imo, you have it laid out to a "T". While I don't really have much to contribute other than holding shares tight,I will say I have did a ton of research on the TMDI board and the players are well connected over decades.See who number 2 is very soon.Thanks and back to Lurking.