Hi Slick,
I had a short list of questions to include in a letter but the effort seemed to lose its drive pretty quickly. Contributions were quite limited and it was difficult to rationalize how to make the points contextually meaningful without being redundant with their anticipated AGM presentation.
A quick sample of inputs offered for the letter:
DRG1025: Flenderson said there is a plan to keep PPS rising; will management share the plan with shareholders? Also, how does the uplist draw in new investments (is it a plan or a Hail Mary pass)? My take: they will share as much of the plan as they are willing to at the AGM.
JMAC13: Need new video of SPORT in a realistic surgical situation. My take: entirely true and most likely can/will occur once the three sites are up and running. It would be nice to hear that it is on their radar screen; I think this really needs to be tied to a broader question about marketing the investment opportunity and using video demonstrations with other publicized materials to display SPORT's capability to improve all aspects of robotic surgery.
Hypocrates: Should shareholders perceive Titan Management's lack of stock purchases as lack of confidence? My take: very valid question but could be viewed as getting too personal, which could shut us out completely. If we wanted to go that route, we could also ask them how many board members have recommended Titan stock to friends and family? I think that would be even more indicative of their confidence levels.
All good questions, and my thanks to all the contributors (there were a couple others too but on another list which is on my home PC). I'm keeping the lists and hoping to see what falls out of the AGM, at which point maybe a well composed letter can also use their AGM statements to help pry further details from them.
I evaluated the possibility of attending the AGM myself - the cheapest travel option from NH is driving, plus an overnight stay and two days lost wages (no vacation time as a contractor). With two kids in an expensive engineering college and a quarterly tax payment due in a week, this just isn't a good time for me to take a $2500+ financial hit.
If someone here does plan to attend, I would be more than happy to help compose a few questions which could be presented in person (and save Hypocrates' question for last!).
