$1.75? It's an artificial share price, based on a manipulated market. Anyone can see that if you look.
All anyone needs to do is watch the trading (and especially after hours) of the 100 share lots and smaller amounts - just to keep the share price down. Some of these trades are less than $20! Seriously? Who's buying 5-10, or 20 shares at a time? Is there a paperboy investment group that which I'm not aware? It happens nearly every trading day.
This share price is absolutely being suppressed artificially by shorters. Some of us clearly know the ROLL shorters play in the sp suppression. Some on this board would lead the uneducated/inexperienced to think these are all random trades and the market doesn't value TMDI at a higher sp. IMO, not true at all. B/C of the ROLL shorters play and their effect, we don't know the true sp. During a time this past November through January, Shorts tried in mid-December and early January to move it down, and then left the market b/c it was running to +$3.50ish. That's real evidence. Shorting is coordinated by the same trading houses daily-weekly. IMO.
If this were truly a sp represented by the demand side of the market, it could be $3-$4 right now. IMO. The past, while it may be duplicated is not indicative of the current TMDI business environment.
Then after milestone 4, $4-$5.
Then after the loan is paid $5-$6. Possibly.
Some viewers to this board may see an obvious few posters asking repetitive inane questions, as if they have not been answered repeatedly. They have.
And I offer what I think about the following, to include as many of the situational details as applicable.
Like, "Why hasn't MDT taken a position?" "Clearly it's b/c they must not want to own any of TMDI." Clearly no one this board really knows. However I think the following to be true (IMO).
A) Answer: They "MDT" most likely will not disclose any ownership until this is nearly a completed acquisition. Any proposed BO will be publicly disclosed b/c the TMDI BOD has to consider the offer(s). It's a material event and must be disclosed to the owners of the company as part of the fiduciary duties of the officers, as named within TMDI. IMO - Once any % of ownership of TMDI by MDT (or any other company) - or any significant number of shares becomes public knowledge, the sp situation WILL duplicate itself just like the MDT-MAZOR partnership. Also please keep in mind that the Fair-Market Value for the entire company's assets may not be correctly reflected in the current share price at that time, due to share price suppression/negative forces (as explained above).
"MDT licensed what they want and don't want anything else." This would appear to be just an opinion. No one really knows. Only in the past few days, have I seen any supporting analysis to take into consideration of further MDT partnership steps, based on the separate development agreement(s), or the possibility of licensing additional IP. Or consider the possibility of separate conversations with other major Medical Device mfr.'s. We have been informed from a poster on this board, that there have been TMDI BOD meetings without the presence of the MDT monitor. No one knows the subject or content of the meetings. However, the fact that they occurred means those meetings discussed subject matter that which would compromise Attorney-client privilege, or a competitor to the MDT/TMDI partnership relationship.
B) Answer: There's been an enormous amount of IP patents approved since the original license agreement in 2020, and it would be reasonable/prudent/intelligent/wise (IMO) not to pay for something that hasn't been awarded. They paid $10M to license about 10% of TMDI's current IP (14-15 patents at that time). And IMO they can't make a workable RAS device with that small amount of IP, unless they wish to waste another 3-4 years building it - pretty much from scratch, and spend another +$300-$400M. There's also a BIG question in my mind, as to whether or not the MDT BOD even considers that to be a reasonable decision. The value of buying IP is the ability to eliminate the cost of time. Doing R&D is time intensive. And is/are there technology building blocks from which to create something that is so unique that it is defensible against any other patents? And would would all that time, effort and money lead to a leap(s) ahead of the current market? Or they could BO TMDI, own ENOS and the lab that created 170 patents/applications (and counting). Additionally, it is public knowledge of the current MDT business model and recent declaration; "We intend to continue to accumulate through acquisition the necessary IP to grow our robotics market segment."
So how does MDT get around the inevitable disclosure and escape the market share price escalation? They can't to a degree. They can only limit the BO, which would need to be approved by TMDI/shareholders. Which begs the question - would Wall Street weigh in, and have any affect on the share price based on shares they've purchased OM?
C) Answer: Make a really good offer that which the majority of shareholders will approve, when it comes up for a vote. $8-$9 per share is an opinion, without any substantial basis from which it was formulated. Again, my argument is based on the previous MAZOR BO. And I'm comparing to the existing SP RAS market, the applications of the functionality of ENOS and applicability of the IP. I could be dead wrong. But what else is there to consider? I'm open to any additional information from which would lead to an alternate conclusion.
$8-$9 x5, or x6, is more likely IMO. Why? Again, if Mazor was over $5B, then TMDI has much broader applications when considering the unique characteristics of the present IP. And this path to a new RAS device has been established by ISRG.
I would speculate that TMDI is worth at least 5% of the net present value market cap of ISRG ($111B). This is clearly based on a valuation established and supported by Wall Street. Who thinks Wall Street will not jump on board once there is clear establishment of a major RAS mfr. pursuing the acquisition of TMDI?
In conclusion: TMDI is worth A LOT more than $1.75/share. Which the real market value vs artificially suppressed share price, and still to be determined. IMO.
Good luck to all. Regards,BK.
