Great point Duke. I can't say that I'm a fan of management but from what I can tell the bullish sentiment on this board is based on innovative technology, not management. There have been number of cases where the better technology failed over less inferior products due to management.
What's the point?
Expect volatility for a long long time!!!
This is a startup company with zero revenue and pending regulatory approvals. Whether we're bullish or not, this is a high risk, highly speculative bet. There are investors out there looking at opportunities and IF this is a true gem (AT THE PRESENT), the PPS will go up as investors pour money into it. The shorts will make their play when there is an opportunity. I don't understand how the EVC group can keep the shorts in check. If and when investors see an opportunity to make some money (long and short), they will seize the opportunity.
I have invested a ton in Titan. IMO, I believe there is a chance that it could hit big, again that's a chance and a bet I'm willing to make. The biggest challenge I see is lack of capital. It is easy to speculate and play Monday morning quarterback. So the question is: how is Titan's capital allocation? We all know there isn't enough money to do everything right now. I believe the current priority is to keep the company above water until CE/FDA approvals are acquired. There is barely enough money to do this right now.
With limited staff and resources, how can anyone can expect them to perform like Apple or JNJ? It seems there is very little talent in the area of sales and marketing, supply chain and general business operations. Even if there was enough capital, it will take time and some luck to build a talented team and robust processes to achieve successful launch of SPORT.
Yes it is frustrating with so little information on the progress and plan. I may be naive but I don't think Titan is out there to f*** retail investors. Maybe management incompetence but we don't really know. We hope that management can build excitement and prove the SPORT potential to entice investors. The proof is in the pudding. If and when SPORT sells like hotcakes, it'll be a home run. We're (most) of us are in this BEFORE the batter even takes the place to bat creating a HUGE potential. After the home run and the team looks like a champion, more people will jump on the bandwagon. It's easy to bet on a champion. This what many "smart" investors preach. For me, I like to take a big swing every now and then.
Here is one thing I keep in mind, a possible worst case scenario:
Titan runs out of money before it can generate sufficient revenue from sales. SPORT is not selling at the pace I expect and hope. The product itself is worthy of a buyout. It will be acquired at a discount and I would think most us will make little bit of money. Not what we expected but I don't see a significant loss for many of us. Do you think Verb, JNJ or anyone else is willing to pay $200 m, $500 m or higher today? I humbly hope so.
