Former Titan Exec's were the problem.
Time is money for Titan and shareholders. It's just time to get the device to a point of leverage within the digital surgical device industry. Verb either doesn't care because it's a "platform" or they will want SPORT because Titan's IP is too similar to how the SRI based device functions/operates. It only takes one company to create demand and force other companies (that either have a 5 year plan or become enamored) to participate in the digital surgical marketplace. It's a very sexy product in a growth market. That message alone sells a BoD.
IMO. Verb CEO may have completely schooled Hargrove. And the BoD didn't know any better - so I think Verb had/has an advantage or agreement that we can't see, or know about. Could be another reason Mc/Titan chose the IP firm/lawyer. Mc goes to the purveyor of all things sacred to engineering - so both companies can view IP and keep features and functionality IP completely transparent. That is the only concrete way to guarantee transparency. Thereby avoiding the nuclear option - stopping development of Verbs/RSI device. Remember - everyone's seen SPORT. If there were issues, we'd know about them by now. Crickets about the licensed IP for snake arms. The rest is various forms of control and convenience features wrapped around those arms and camera. And the camera itself is just miniaturization and COTS high-tech engineering.
The other side of that conversation would be that Mc sees their are too many similarities - and goes and gets the exact firm/lawyer. And...... the lawyer does the rest, because he's educated about Verb/RSI. Then he gets handed Titan's IP. That very well could be a big mess that got dropped in his lap. So he becomes the vehicle from which a "more conducive" working agreement is crafted.
If I've learned anything about product development and the strange twists and turns of business competition - reality is stranger than fiction.
JMO
Regards,
BK
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