My thoughts:
Verb/ jnj is still my favorite to partner and or acquire Titan
Too many connections here to rule out i.e: Hargrove/ethicon Bajo/other verb engineers connected to Simaan et al Vanderbilt, Colombia, and ximedica, Titan. verb team at ximedica? images that have been circulated, former job posting for verb location Providence. Meetings between Titan & Scott and Dave at Verb. Not to mention JNJ description of their platform is identical to Sport. I can go on and on.
2nd Favorite: Intuitive: Where is SP? Why has intuitive held back on its release? Doesn't make sense,
Recent events lead to lots of conspiracy theories:
Mine: At the AGM there was a mention of Titan being approached by companies that were interested in strategic partnerships. Possibly there was internal feud/ disagreement :
Partner now versus later, continue to go alone, acquisition etc.
Fowler possibly wasn't ready to throw in the towel and be acquired or otherwise partner. Possibly the organization wasn't who he wanted to work with?? Anyway he issues an ultimatum and eventually leaves to work on his other interests.
Ximedica and other partners get caught up in the argument and decide to halt until everything is sorted out. Titan pressures them to get back to work by making it public that ximedica was holding them hostage (doesn't really help ximedica image when they are seeking startup business opportunities). Remember they have stopped work before but never made it public. Also Randal says "they'll come around" hints at their being a disagreement likely due to fowler situation.
Options awards to executives. Some say it's retention tool. I say it's a tool to get paid. The folks that got the options weren't going anywhere anyway. They didn't need a retention award. The number of options were unprecedented. This isn't the first time the stock price has drifted to .50 and isn't the first time they have face financing challenges. But it is the first time they have awarded options at these levels especially to: Valvo, Wolff, barker, Randall. All at a time where management is being questioned by investors like never before (remember JH was just voted out as chairman).
All these things at a minimum indicate that something big is going on behind the scenes. We will find out soon enough hopefully we all are rewarded.
For now I wake up every morning hoping for great news but instead get kicked in the balls and told to be patient.
