Reply 117017 777 - Perhaps. And I'm giving you the benefit of the doubt. However, your speculation also begs for the other side of the argument, which is "What if the share price doesn't get chopped in 1/2, and how can that happen? Here's how...
I'd say just taking a WAG, which you are - and so am I, Titan is in good shape. Further, shareholders have just shown that Titan won't be taking the easy way out with an R/S. So the solutions will have to be organic as engineering accomplishments. Yes? We have to show engineering accomplishments so the SP moves up and we meet NASDAQ minimum requirements. Let's stay with the engineering solution for now, b/c there are other ways w/o and R/S to get over a $1 for 10 days.
Well, the engineering company that's worked on ENOS for a while now has a bunch of our stock as previous payment. So I could reasonably extrapolate that they would want that asset to appreciate considerably. And, if outside forces manipulate the SP, then Cambridge(?) will work that much harder. That's additional incentive b/c they have skin in the game beyond any future cash payments.
Does anyone think once the current version is shown to the world, we will have issues getting the necessary investment attention? Wall Street is not a generous universe, but it is absolutely greedy.
How many engineers do you think can work on ENOS for $5M over the course of 6 months? I'd guess 40. That works out to $125,000 each for half a years work. No? I'm guessing that Good med device electro/mechanical/software engineers and scientists cost approx. $250K per year. Just trying to be reasonable with the estimations, on your behalf.
Do you think we have enough money to keep 40 engineers working on this agreement for 6 months based on my estimates/guesses? I'll argue for you - let's say No. You don't think 40 engineers are enough to get us down the road for the next 6 months. OK... Let's double it to 80. Reasonable guess. So now our cost is $10M.
We have over $20M, on the books. So we're good on engineering for this agreement until end of March (Maybe?). And we're working toward another $10M milestone payment in October. Notice I didn't say the Oct. payment is already a done deal? But we have $20M to work with right now. That's 80 engineers working on the agreement/ENOS for 6 months, if we don't get another penny and we have +$10M left over, w/o October's milestone payment.
I'll speculate that another $10M is possibly earmarked to work on the HUGO/Amadeus/ENOS mash-up. Or perhaps MDT is paying to license our IP b/c they already built the changes and couldn't go to far forward w/o our permission. Maybe. And also maybe some of HUGO contains old expired ISRG tech too? Lots of maybe's, I'll agree. But, we're still not in the RED 6 months down the road, with the money in-hand today. With additional milestone payments available, and who's to say MDT doesn't issue another +$XXM payment to license more IP. Some of which aren't yet granted, so they haven't paid for those - yet.
We have enough cash to get this to a very useable version, before trying to get FDA approval. Further, what if MDT pays for the cadaver and patient testing for their version? We make an MDT version for the EU and MDT goes for CE first, and we use it for our submission to the FDA as a predicate? Or MDT buys Titan, and we don't submit to FDA, MDT does b/c they now own it all. I see a lot more upside than you fait accompli.
Sure, you can argue "BUT IT'S TITAN MANAGEMENT!" I'd say you were incorrect. Mc isn't really pushing any buttons, if anyone is it's Dr. Perry Genova, and Mr. Brar. Titan is the research and design side and the 3rd party Engineering Company is actually working on the milestone requirements that which we have no idea what they may be...... There are very few people at Titan USA, and surely not enough to take over the engineering/build necessary to get to CE/FDA. It doesn't matter who, or if anyone orchestrated the payment to Cambridge(?) b/c Cambridge believes Sport/ENOS can get to the finish line. And all that matters is that Titan has enough money to get there. And they do for the next 6 months, or longer depending on what's in these 4 milestones.
I'll summarize with "once the medical and investment communities see our/their version(s) of ENOS, then Titan will have no further financing issues, one-way or the other.
Where are YOU getting all of this gloom-and-doom? You guys must be hosting off-line seances to boost each other's bad juju meter.
Sincerely, I wish you and your ilk good fortune. Good luck to all. Regards,BK
