Reply 116767 OR NURSE; I agree with your thoughts and comment as to “interesting” how Titan ONLY raised $18M, instead of $100M. And Titan knew the timeline(s). While leaving open the question as to why?
I have made my own conclusions. I still think that the redacted version of the “development agreement” leaves a lot unknown. I think Titan is working on 2 separate projects for MDT, and one is SP RAS. And the other is a combination of HUGO, ENOS and the Titan multi-port (a mash-up) of all 3 based on what IP is now available that’s expired from ISRG, MDT’s designs that are workable, and MDT’s wish list of what Titan can include. I don’t’ know how Titan get's work done on both at the same time, b/c of lack of resources. And I don't think both single and multi will be ready at the same time. If I'm wrong I won't feel bad apologizing.
I've read that multi-port is EVERYTHING and must be done first (written in a very dramatic manner for false emphasis). Bologna (fried, with mustard, on toast with cheese). I do think SP RAS is very relevant and will have a significant and immediate impact on the new SP market segment, as ISRG is starting to show signs of their device in use recently. I still think Sport/ENOS is superior – by far. I think the Titan IP is the single weapon of choice from which MDT will hold off ISRG and any other competition, so Mc better negotiate from strength because I’m watching his performance as it applies to HIS fiduciary duty, compared to his actions. This should be interesting.
I’ve read from the board – again, what if MDT is making decisions and “telling” Mc what to do etc. My thoughts about such "statements" about that which has been postulated (by only a few) could fall into the definitions of an implied or verbal contract, and BOTH are legally binding “because the law creates an obligation in the interest of fairness based on the parties’ conduct or circumstances.” Further, "denying the contract's existence would result in unjust enrichment to one of the parties." I think the agreement with MDT was written to protect MDT from falling into one of those definitions. MDT and Titan are dancing very closely around them. IMO.
My only regret was that I wasn’t able to hear all of the Meeting or Q&A today, so I don’t know what was asked about any of the details of the MDT relationship. But, I did clearly hear Mc say “partnership.”
I’m very happy for all share holders regarding the RS. That’s one less BS issue that will create any doubt or get continually dragged out by those that wish ill-will toward the share price while espousing they want the device and projects to succeed. There's certainly little hidden intent about getting out from under their short position(s). IMO Good luck to all. Regards, B.K.
