I don't disagree completely, but why wouldn't Mc wait to get to $1 or above, organically? Then only RS at 10-1? I'd think that he would start higher than 30 million shares because of the unique business environment/situation. It only requires a little patience, and possibly only a few months, depending on what progress is made. I do understand that up-listing would be well supported if we up-list and then announce that we're ahead of the published milestones. I just don't think he would do 20-1 unless Wall Street is sooo.. anxious that they just can't wait to get a piece of this company. I'm in the camp of being hopeful for organic PPS increase to above a $1 first.
So, if we're analyzing what may transpire as news, that would hypothetically move the pps, here is what we have left to move the share price.
A) End effector partner
B) Design freeze
C) Milestone advancement - indication data completed ahead of schedule/no device refinement necessary to get the majority of surgical functions fully authenticated from all 3 (or more) sources.
D) Incremental partnership/JV.
E) Full partnership
F) FDA submission
G) Buy-out
H) Interest rates
How Mc is working toward critical mass. Why did Mac issue raises with warrants? Because IMO, cash is the fuel that creates the ability to move C forward sooner and give Titan the value of time. The timeline has always been the most valuable element between now and buyout.
I think that C creates "the domino effect." It forces companies to contact Titan sooner, or risk being left without an opportunity to participate in robotic surgery for many years. Again time becomes the most valuable element not only for Titan, but for those companies that are currently active in the surgical business environment. Something else to consider - what about large conglomerates that see the medical device business as the growth segment that which they will invest their capital. Canon has been doing this quietly for more than 10 years. Samsung sold their copier division to HP last year and has +$1B to further diversify their business model. Think of all the companies in countries that MUST have businesses that will generate revenue as part of their export economy. They don't have the resources from which to create IP/products. They MUST buy them. You can name another dozen or more large corporations that are flush with cash, and looking for a place to park it.
Now D and E are likely sooner than later, for 2 reasons. First to prevent G from occurring, and 2 - if the up-list is overwhelming, then the market capitalization will become so high that Titan may become too big to swallow. And..... interest rates must continue to be very low. There's the possibility that the acquiring company may need to issue debt to win the bidding war. So time is very important.
G is what it is. Another company just gets anxious anddecides to move quickly, before another competitor emerges. H also contributes to G.
It will be interesting to hear what everyone else thinks.
Regards,
BK
