Titan Medical Inc (TMDIF)

[66Mustang]

Nobody asked me, but...

I don't know if I would want to settle for that little. To me, the IP alone is worth at least $1.5B to $2B. If single port wasn't the future of robotic surgery, ISRG wouldn't have entered (created!) that market. And with the combined patent list of Titan and ISRG for single port, it will be very difficult for yet another competitor to step in without stepping on existing patents. Add our snake arm advantage, smaller footprint, lower price, single-use end effectors, etc. etc. - the value is clearly high.

An all stock deal means the PFIC rules go away for those of us who knew nothing about it when we bought in, so I'm for that! But I would like to see at least $2B to $2.5B this month... and the closer we get, the higher it should go. IDE approval? Let's start at $3B! 510K approval? $4.5B on up; sky's the limit as more indications are added!

And on the phone, I call him David. After all, that is his name.


Message in reply to:
If it were an all stock acquisition by ISRG, then I would take $1B-$1.5B today. With that being said, my risk tolerance and time horizon prefers TMDI to go it alone through at least the first year of commercialization, in order to maximize my ROI over what will be a nearly decade long investment (although the bulk of my investment here has been since David took over as CEO).