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.
