Replies to post #100705 on Titan Medical Inc (TMDIF)

[66Mustang]

A big part of it is that we still get crushed by shorts. HC posted this link last night:

https://fintel.io/ss/us/tmdi

(Thanks HC, BTW...)

So we had a couple days of single-digit short activity, and climbed up out of the 40s. Yesterday, over 26% short activity, and here we go...



Message in reply to:
Can anyone posit to me how this company ended up in this position?

I continue to fail to grasp it. I understand that it may be a very difficult undertaking to design, develop, and bring to market an FDA approved surgical robot that does either a better job or is more cost effective than a current competitor.

I get that 100%.

But how, despite having all these resources are their disposal, all the time and money in the world, and being surrounded by all these surgical advisors, engineers, and business savy individuals, does this end up as a failure?

How the F does that happen? Is it really incompetence? Criminal negligence? Were they deceived by their developer? Bad advice from the advisors? 10 YEARS of rinse and repeat....they seemingly NEVER learned from ANY of their mistakes. It is so incredibly infuriating.

Now DickNally says they need ANOTHER $100 million. What the F went wrong??

I sincerely believe I could of made this happen had I been the CEO and given the same resources.

[Longmoney]

Grossly mismanaged at every step of the way. They have dug a hole so deep I personally don’t see any way out. No new money or a partnership leads me to believe sport or enos whatever it’s called is $hit. Another 200 milly needed sounds like a complete overhaul and years to finish.

Good thing is that they still have Aspire to cover salaries while they wait to get voted off the island come AGM time.

[Honeycomb777]

I hear you, I understand your intense frustration but I have to ask was it all planned? Let's think a moment:

10-12 people at Titan doing what 100's most likely should be doing

could they all have been paid off making it look like idiocy to stumble and bumble around like they have been to keep Titan under the radar for a biggun to pounce

Are their marching orders now to award themselves more low priced options and get enough money to complete Milestone 8 - ISO Cert

You think these fools will actually be at the next AGM

Delisting talk is coming and oh by the way, they have 180 days to get things fixed so if we get the warning NOW - it brings us to....wait for it MAY 2020. HHHMMMMMMM Zaring is here, Martha is Medtronic's CEO come April 26th and the AGM is typically in June. Hard to argue that one plausible theory is MDT grabs Titan's SP device as they work on their multiport and have 1 HUGE/dedicated software team to install versions on BOTH robots to launch and smack ISRG in the Nutz come 2021-2022? HHHMMMMMMM

[posilock]

I dont know genius why dony you tell us..