I think it was a possibility. If something good comes out of yesterday's Investor Conference and they get someone on the hook for some funding, this should run nicely.
That being said, a couple things possibly missing from the presentation are what they offer in terms of share price and warrants, and then extrapolation of some ballpark share prices from their revenue projections in the future.
For example , if they project $3.5B in sales revenue (systems and disposable supplies) plus another $1.2B in service revenue, that's closing in on $5B/year of revenue. We need $60M to completion. At today's fire sale prices, let's say we end up with a billion shares outstanding to get fully funded. A growing company with $5B in sales should have a market cap of WAY over 3 times revenue, so let's say $15B market cap on a billion shares, or $15 per share. If they said they would sell shares for $.15 with a $.20 warrant per share, they are offering projections of 100X multiplier on someone's investment. They are willing to make the sales projections; why won't they take the next step and show potential investors what the potential benefit is of getting in NOW! It is no more of a promise than what he already presented; it is just a "what if" scenario in both cases.
ISRG is showing a market cap of over $38B with revenues of... $3B? $3.5B? Revenue to market cap for them is over 10x. If Titan matched that ratio with the numbers above, these $.15 cent shares turn into about $50 each! THAT'S the kind of stuff a potential investor needs to hear!
