Wednesday, June 17, 2020 10:38:10 PM
I have hated the secrecy from the very beginning (the infamous agreement with a WW Supplier of end effectors in 2015 that has never been disclosed) but NEVER wavered on Titan eventually being acquired. Unfortunately or fortunately, I had the opportunity to average down over that time to significantly reduce cost average. Thankfully i never based it off of management but more on the technology and the evolution of surgical robotics. What I have learned thru DD on surgical robotic development was that it was extremely difficult, very secretive and IP meant everything. JNJ still hasn't shown anything and Medtronic has gone thru 10+ iterations before finally asking Titan to help them build HUGO and do it using Titan's Technology/IP. The secrecy sucked big time but in this space it was the way they all operated (unless you were TRXC which couldn't build it, had no IP and PR'd everything and the kitchen sink to try and pump - remember the TRXC/JNJ rumor that shot TRXC PPS up a ridiculous amount until people realized it was false).
The agreement with Medtronic to license technology, IP and know how VALIDATES what Titan has. When that agreement news hit it was the best day any true investor in Titan has had in a long time b/c we won't be TRXC investors. All the market action and manipulation is background noise and for once, its good to see b/c I can continue to lower my cost average. How many more days of it will we have where it is being manipulated like it has? Not sure and don't care b/c we are closer to the end then the beginning.
As for McNally and his team - they built an entire new single port surgical robotic platform in 2 years. They have developed IP that is incredible where you have the largest medical device company in the world asking them to utilize it in their own system and also teach them how to build a surgical robotic platform. Any major company that wants to compete with Intuitive will need multi-port, endoluminal and MOST IMPORTANTLY single port. Titan still holds all the cards when it comes to SINGLE PORT. So whoever this buyer is of the $18M offering will now have a nice position (and they know it) when ever the buyout comes.
When this is all said and done and if it ends up being medtronic and has been from the very beginning, well nothing else matters and I hope all the true Titanites can move on to whatever it is they want to do with the rest of their lives and be thankful they invested in the right technology.
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM