Ok- I do have a script to get filled. Let the crazed lunatic spell it out for ya as I hallucinate while looking into my crystal ball. IN MY OPINION:
Hmmm...Bertner signs a 36 month contract from July 2014 - July 2017. In it she gets a BIG bump if they (TITAN) gets acquired. Now why would Titan go back to her after going to Beverly ? Could it be that she was there from the start and they want to help her career to flourish? Perhaps to provide them with consulting services from other 3rd party people with regards to M&A ?
Titan Mgt. then comes out of the blue with an announced delay which now takes them to Hmmmm... mid 2017 for US sales of SPORT. Gives folks who didn't get a ticket to the party another chance. All of a sudden JH and Dennis are big BUYERS of the stock...Dennis putting down 113K of his OWN money.
Hmmmm...somebody coughs up tens of millions of dollars in a matter of hours to give them plenty of money to "supposedly" get them through commercialization. Yet, JH STILL is in place as whomever provided them with the money is down BIG.
JH, your "hillbilly" CEO who has to be begged to come to conferences and expos and who is the orchestrator of the silent treatment is STILL in charge as Reiza (who's baby it really is) loses over $5.5 million on paper.
So where am I going with all of this:
Quite obvious that they knew about the delay well ahead of time...I just won't buy that it came from the SAB advice. Now, Hillbilly probably had the contacts and connections in place to get the backing from J&J. His whole reason for staying as CEO is because HE is the one that is in control of whether that agreement stays in place and is Reiza's guaranteed ticket to real wealth !
Lannum is hired on by Bertner just in case things fall through in which he can step in and advise the players as to plan B. He's Bertner's insurance so she gets her payday.
The future:
Dead money for at least 3 more weeks, then a slight rise in PPS as Q1 milestone should be a nice one and hit by mid-March. Then another sell-off as the quiet treatment hits for 9 more months and nobody knows where things really stand. Then a Q4 positive milestone PR hits BUT it comes with a price...all of a sudden cost estimates are revised yet again and go WAY UP. Then BAM, instead of another round of financing - J&J acquires them (as their white knight) and she's acquired by early 2016. There is no "bidding process" and Bertner gets her payday - and JH gets a lucrative 2 year consulting contract for keeping the price "affordable" for J&J. We as shareholders rush to approve the deal as it comes with a nice premium and we get bought out for $12.50 when we should have gone for $37. THE END
* Now - are you happy with this...those that say YES are the ones in need of medication Golf Pro. Good Night
