TITAN

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Actually... DS came up with that. MT just spent company money on the hot sauce bottle work custom labels. If his sales or leadership skills were half as good as his arts and crafts skills, he'd actually be decent director... Ok that's not true.
 






this is obviosly 3-4 ex employees pissed off and still looking to settle some score. lots of great leaders at isi and most are in the south. if your looking here for true insight into isi your at the wrong place. if you have a score to settle go face to face like the man you portray you are.
 


















Anonymous said:
this is obviosly 3-4 ex employees pissed off and still looking to settle some score. lots of great leaders at isi and most are in the south. if your looking here for true insight into isi your at the wrong place. if you have a score to settle go face to face like the man you portray you are.
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Ok, let's meet at the park!!! I'm bringing my BoomSauce!!!
 


















I own a significant amount of Titan stock. I definitely have skin in the game. I have attended all their investor conferences for the last 2 years. Here is the concern with Titan.

They own 5 patents, not a single one is in an area that prohibits competitors from entering the market. Their technology is not innovative, Intuitive has their Ducati system coming out which is move advanced than the SPORT. Ducati will have a more streamlined camera and 3 instrument arms compared to 2 on the SPORT. This is a big deal. Intuitive instruments are far superior than the SPORTS. Titan even acknowledged this at their conference.

Their selling strategy is selling at a lower price...around 600K. Many of you will say that is great strategy versus the 2.5 million Ducati. For a company like Titan with limited resources it's a terrible strategy. Titan has no plan B nor do they sell any other products to fuel and fund this project. For example if Medtronic, Boston, etc wanted to join this market they could easily develop a product and sell at a lower price as they have multiple other divisions to rely on while developing and funding the project. Titan would have to sell 4 SPORT systems to equal one Ducati. Titan will bring a product to market. There is no factors telling us they will storm the market. There will be competitors in the market. As I see it Titan may not be a buy out target. With 5 weak patents there is no need to buy them as other companies can product their own products. I wish good luck to any stockholders.
 






Anonymous said:
I own a significant amount of Titan stock. I definitely have skin in the game. I have attended all their investor conferences for the last 2 years. Here is the concern with Titan.

They own 5 patents, not a single one is in an area that prohibits competitors from entering the market. Their technology is not innovative, Intuitive has their Ducati system coming out which is move advanced than the SPORT. Ducati will have a more streamlined camera and 3 instrument arms compared to 2 on the SPORT. This is a big deal. Intuitive instruments are far superior than the SPORTS. Titan even acknowledged this at their conference.

Their selling strategy is selling at a lower price...around 600K. Many of you will say that is great strategy versus the 2.5 million Ducati. For a company like Titan with limited resources it's a terrible strategy. Titan has no plan B nor do they sell any other products to fuel and fund this project. For example if Medtronic, Boston, etc wanted to join this market they could easily develop a product and sell at a lower price as they have multiple other divisions to rely on while developing and funding the project. Titan would have to sell 4 SPORT systems to equal one Ducati. Titan will bring a product to market. There is no factors telling us they will storm the market. There will be competitors in the market. As I see it Titan may not be a buy out target. With 5 weak patents there is no need to buy them as other companies can product their own products. I wish good luck to any stockholders.
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With such a negative outlook, why own so much stock?
 






I have a bunch of stock too. You don't buy stock and have a negative outlook. You buy stock taking a chance on future growth. Some of us bought this year's ago - hoping for a return. Win some, lose some.
 






Senior VP resigning. Sounds like a really good sign! This "company" is an utter joke!


TORONTO, ONTARIO--(Marketwired - Jun 30, 2014) - Titan Medical Inc. (the "Company") (TSX VENTURE:TMD) (TITXF) announced today that Mr. Joe Talarico, Senior Vice President Business Development has resigned his position with the Company. We would like to thank Joe for his contribution to Titan during his four years with the Company. In the interim John Hargrove, Chairman and CEO will assume the responsibilities for Business Development.
 






Anonymous said:
Senior VP resigning. Sounds like a really good sign! This "company" is an utter joke!


TORONTO, ONTARIO--(Marketwired - Jun 30, 2014) - Titan Medical Inc. (the "Company") (TSX VENTURE:TMD) (TITXF) announced today that Mr. Joe Talarico, Senior Vice President Business Development has resigned his position with the Company. We would like to thank Joe for his contribution to Titan during his four years with the Company. In the interim John Hargrove, Chairman and CEO will assume the responsibilities for Business Development.
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What Senior VP left? Highest ranking guy that recently left was Kays, and he was a Director. Lot's of really solid, tenured CSR's in Midwest recently left.
 






A Titan Senior VP left. That's what this thread is about. It can get confusing since Titan is not a real company and thus has to have a thread on the ISRG message board.
 












Anonymous said:
I own a significant amount of Titan stock. I definitely have skin in the game. I have attended all their investor conferences for the last 2 years. Here is the concern with Titan.

They own 5 patents, not a single one is in an area that prohibits competitors from entering the market. Their technology is not innovative, Intuitive has their Ducati system coming out which is move advanced than the SPORT. Ducati will have a more streamlined camera and 3 instrument arms compared to 2 on the SPORT. This is a big deal. Intuitive instruments are far superior than the SPORTS. Titan even acknowledged this at their conference.

Their selling strategy is selling at a lower price...around 600K. Many of you will say that is great strategy versus the 2.5 million Ducati. For a company like Titan with limited resources it's a terrible strategy. Titan has no plan B nor do they sell any other products to fuel and fund this project. For example if Medtronic, Boston, etc wanted to join this market they could easily develop a product and sell at a lower price as they have multiple other divisions to rely on while developing and funding the project. Titan would have to sell 4 SPORT systems to equal one Ducati. Titan will bring a product to market. There is no factors telling us they will storm the market. There will be competitors in the market. As I see it Titan may not be a buy out target. With 5 weak patents there is no need to buy them as other companies can product their own products. I wish good luck to any stockholders.
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I own some TITXF as well and I think you make some valid points; some I was not aware of. However, I will challenge you about two things- interested for feedback:
1) If Medtronic, Boston, etc are not already developing a robot, by the time they go through development, testing, FDA submission, and FDA clearance, Intuitive will have about a 16-18 year head start on the market. I don't see those companies going down that path. It's much easier for them to buy out another company who has already done all of the dirty work. My opinion is Titan gets purchased very shortly after FDA clearance or market launch. I think they will get purchased by one of the huge device companies.
2) At $2.5 million, Intuitive's Ducati will only be appealing to certain hospitals (likely large hospitals with high surgical volume and high volume of complex procedures). Smaller hospitals interested in robotic surgery are not going to fork over $2.5 million. They will buy 2 SPORT robots and promote they have robotic surgery just like the big boys in the big cities.
2a) Do not forget how many customers absolutely hate dealing with Intuitive. I think there will be certain customers who anxiously await the day of competition and will willingly bring in a different robot out of spite to ISRG.
2b) Do not underestimate the shift in power in hospitals where decisions are made at the very top (C level) and the very bottom (purchasing, materials management, etc). Intuitive has burned some serious bridges in both spots. Docs will continue to lose influence and be forced into using what the hospital deems to be the best business decision. If Titan is purchased by a huge device company, they will have contracts in place and relationships at the C-level and be a very legitimate threat to sell systems much quicker than Titan could do with their own sales force.

I'm clearly not an expert in this space but took a small risk on Titan stock a while back. Someone has to challenge Intuitive and I think Titan has an interesting product and approach. Just my opinion and interested for other thoughts.
 






All very valid points.

In regards to a large company purchasing Titan to get into the robotic surgery market. It just does not make a lot of sense if Titan does not have prohibitive patents or exclusive technology. It's hard to see a company with deep pockets not develop their own technology when there is nothing Titan has creates a barrier to entry. Why spend millions to buy something you can turn out in a year or two.

I agree customers despise Intuitive Surgical, I worked there for 5 years. Still I don't see hospitals spending money to spite Intuitive, If they want to get into the robotic surgery market they will chose the best product that can be used for multiple specialties.

Titan has limited applications, two instrument arms and restricted quadrant surgery. It is really geared to robotic chole's. If that is they only application why would any hospital spend the money? Just do the procedures lap. This is what really scares me about the SPORT. I bought in early so I will make money.
 






At the current share price, my investment in Titan has doubled. As long as Titan brings a robot to market, current shareholders willing to sell for a modest gain will make money. This is not going to be ISRG part two, but it could still be a nice little pay day.
 






I agree with you 100% you are right on target. There is a chance to make a nice gain on the investment. With the CE mark approvals that should give a boost in the stock price. Next milestone is end of 2015.....FDA approval.

There is nothing that dictates that this is the next Intuitive. I can never complain about making a little money.
 






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