Wednesday, June 02, 2021 2:43:54 PM
The development program is likely putting those patents to use in a design which would appear to be for future use, whether as an upgrade to Hugo, a next generation Hugo, or a completely new product offering.
Keep in mind also that the licensing of existing patents was agreed upon when we barely had over 40 patents approved, so the money is for licensed rights to share maybe 12 to 14 patents. That would be roughly (ballpark numbers) $3M to license their share of each patent, which we also maintain the rights to... so worst case, we can claim each patent is worth at least $6M on average, based on MDT's "offer". And if each of our patents is worth $6M and we are sitting on about 165 patents (combined approved and to be approved), then our IP, once fully approved, should have an intrinsic value of right around $1B. Just our IP.
The Milestones are all for the same project, just different phases of development. Ask Titan, they will tell you that much (and not much else). And I am sincere in my suggestion that as many people as possible do reach out to the company with these questions. You may be surprised at the info they can share, and it will reinforce the fact that investors like us are genuinely interested, and sometimes concerned, about what the company is doing.
Start writing those emails!
Message in reply to:
Remember MDT paid $10m
for technology ALREADY developed. The rest is for technology under development. It’s a stretch for me to believe they were able to develop the technology, incorporate it into HUGO and test it BEFORE submitting for IDE.
Now it’s certainly possible the technology already developed was used but still.....
I’ll admit the timing of Milestone 3 is curious...
If Medtronic is using 1/3 of Titans technology in its Hugo platform and only paid $41m they got a heck of a deal!
I think there is something else
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