At the time of the prior repricing, one of my sources had indicated that Mr. Brar had indeed received an offer from an unspecified competitor. He was one of my biggest concerns with regard to their talent pool, so yes, I supported that one and I do not regret doing so. That repricing was somewhere in the $3 range if I recall correctly. I have since been able to average down further such that I am not too far from there and I believe that if those options get to be in the money, I too shall profit if they do.
At this point in the process, I believe that the core technologies which define our system are sufficiently protected by the existing patent portfolio (both approved and pending/submitted) to a point where he could possibly be replaced by another tech patent specialist, although I do have a strong preference for retaining Mr. Brar if it is feasible to do so. There is no good argument for a further re-pricing of their options, and I am unaware of any such consideration by the management team. The entire repricing issue at this point seems to be some random topic of discussion fabricated by random people whose motives regarding Titan are questionable at best.
As for another reverse split, I am against it. The only reason for it to have occurred previously was to get share price high enough to qualify for NASDAQ listing in the first place, because the team believed that NASDAQ listing would unlock some doors to major fundraising potential. I thought NASDAQ was a "nice to have" endorsement so I was okay with it at the time. Since the strategy has proven to be less than effective and fundraising remains an issue despite our listing status, I have no qualms about losing the NASDAQ membership at this point since it apparently hasn't helped. In fact, just the threat of delisting is now being used as ammunition to further deface the company's reputation publicly, so it has actually backfired in my opinion. Basically, if it happens, we should let it happen and just move on, focusing on the more pressing issues of the day.
The other downside to a reverse split has also hit us hard. We are outwardly viewed as a penny stock and fair game for shorters. What were we trading at before the first RS, around 20 cents? 30:1 RS brought us to about $6? But the public perception of us as a penny stock continues to plague us, especially with the amount of negative sentiment expressed publicly helping to reinforce that impression and keep us on a generally downward trend. So guess what... we went back to being a penny stock with no regard for market cap considerations. We are sitting on a patent portfolio which could prove to be worth billions of dollars but market cap is what, around $20M? That could be 1% of the technology's value as far as anyone knows! But that also means the potential upside is absolutely ludicrous!
So to cut back to the chase, I'm a No on repricing and No on reverse split, even if it means de-listing - hell, let's get the NASDAQ monkey off our backs and move on.
But I will ask, why are you asking these questions? Is there any indication from the company that they are considering wither of these moves? Or is it just based on grumblings from a group of angry investors?
Message in reply to:
Will you vote yes on another option repricing? You were so worried about “talent” leaving..lol
I told you MacNally was full of crap....
How about another RS? You up for that too?
AI
