*UPDATE* Conversation with Titan
Hi guys,
First off, congrats to whomever initially brought-up all of this info. GREAT find!!! I can’t stress that enough. Very pertinent information to all of us. While many, in my opinion, overreacted, it’s important that we have discussions like this.
My friend spoke with the company this morning.
Three things:
1. The website – He explained to them that they have been behind updating their website and that there are a few issues with it. They said management thought the website was okay, however they’ll put their IT person on it right away. They made some changes recently and will review it again. There were obviously some misses.
If anyone wants to point out any discrepancies on the website such as BB still being listed, or the like, either PM me and I’ll get it to the right person, post it on the board, or e-mail Titan directly.
2. Joe Talarico – Nothing to worry about. You all read my post on Joe Talarico the other day. He was not an engineer, his background is in sales (despite his title being VP Business Development). He was overseeing the relationship with Ximedica, and in the grand scheme of things was simply no longer needed. If you guys wants to continue this discussion, that’s fine – I’m not touching it any more. Trust me, there is zero to worry about here.
Apparently he’s still an employee until the 11th, so Titan will remove him from the website later.
3. Why the Change in Patents – Simple as this: Titan had a couple 20-year-old patents that expired. They don’t use the patents. They were merely still tied to the company as someone else had brought up earlier, to bolster their patent portfolio. 7 sounds better than 5, no? From Titan’s perspective – it looked better. That’s it. There’s no conspiracy here.
If these patents materially affected the company there would have been a press release about it, however, in this case it was not necessary. The 2 patents that expired had nothing to do with the business. Nothing current. Nothing temporarily on the shelf. Nothing in a future product line. Most likely, there will be mention in the MD&A of the two the patents expired.
If anyone wants to PM me to discuss anything further, by all means.
Long and Strong
