They charged me $38 too. What's the argument you used to get it waived? Thanks.
Could you provide more info regarding where the reverse split decision is described? Haven't visited the board for years, so I'm not up to date on this one. Thanks.
I'm not sure about the so called insiders. If they truly know we'll be at $27 now they wouldn't sell at $21. They seem clueless like the the rest of us here.
Thanks Minx. I'm still holding about 20k shares, so in that sense I'm still long, maybe too long. Don't visit the board very often, but I still recognize some old timers here such as yourself. Anyway, I was not as sharp as Mikek to unload all my shares at higher prices a couple years ago. My average cost is about 2.6 so I'm under water. Off topic, the recent rise of TTNP from ashes gives me a bit reason for optimism. I never thought I can recoup my investment in TTNP, but miracle did happen there. I keep my fingers crossed for CERS for now...
Could you please provide the link to the shorter report? I have trouble finding it. TIA.
OMG, I already claimed tax loss for this one in 2008 thinking this is definitely dead junk stock. Now it seems coming back to life again. Would I be in trouble with IRS then? Any tax expert out there willing to advise? Thanks.
Does anyone know if any investor ever had a interest to put more money down contingent upon the spin off? Thanks.
This sounds like TTP is so powerful and is taking hostage of big guys and no one can do anything about it. Is the TTP managment actually operating in a terrorist cell? Something doesn't feel quite right. If TTP can survive this long by not telling the public what's been going on, why should we believe the big guys are so innocent and incapable of misleading the public? I don't know if TTP will go BK or not in the near future. But even if it does, the Bayer/Vanda/University gang can still get what they want through under the table deals, while the TTP management folks can retire richer and earlier. Don't be kidding ourselves... the only people who get hurt will be the shareholders and pharmas has no interest in rescuing us. If BK happens just move on. Really how much is the difference in dollar terms between bk and being forever "undervalued"?
Wind, with due respect to your analysis, I still think a Bayer/Schering buyout of TTP is less likely for the following reasons.
(1) Schering's interest so far is only limited to Spheramine and has already bought the IND. So at least in Schering's point of view, the other candidates in Titan's pipeline are not worth buying at current valuation.
(2) As you have already mentioned, Schering itself is bought by Bayer. Naturally the merger will take a long while to digest amid painful political struggle and personnel layoff and project reshuffle. So whether Spheramine will survive the merger is a legitimate concern. It's true that Schering has already invested lots of money on this project, but still it's only in phase II trial. It's too early to tell what the new management will do.
(3) Kapp has retired from Schering. So I don't think he will have any meaningful influence on future Bayer/Schering management. In my view his joining Titan board is more likely a personal interest that fits Titan's need to advertise to potential investors, just like having a retired general speaking out about the war in Iraq... not much teeth to it.
I think we can agree that the key to success depends on at least one of the drugs making to market. However, it would be a mistake to underestimate the importance of the managment team. So far the TTP management is way too dissapointing... to a point I have already lost the bulk of my confidence in them.
I'm still long here because I'm gambling and I can afford loosing all my stake in this company (~ 2% of my port) without going crazy. Do I regret that I didn't sell in 4's when I doubled my money? You bet. Darn it I just can't tell the future! Well, I actually feel relaxed when I don't have to pretend knowing the future. Guess I'll bless the company another year with my shares. If there's a next time it flirts with 4-5, I probably won't be greedy again. It sure would be nice if TTP takes off to the moon before I have time to sell, but I'm not counting on it.
On the other hand, some pig might fly:-)
Good luck to all,
Ok, so for the past few years what's stopping Schering or any serious pharma from snatching up TTP? Unless we want to claim they are all stupid, it's probably helpful trying to look at TTP's own behaviour and record in an objective manner.
The loss of another admant "long" makes me cry. The reason our German friend provided for loosing faith in TTP is shocking after his significant contribution to this board with many upbeat posts explaning the great company pipeline and the virtue of patience. Why? Amen.
Wow, so talk is really cheaper here than on other boards, which kinda explains the superactive participation of some board members:-)
You know that it is really important that Tuesday is after Monday! This helps the company management to have confidence in the calendar and to strategically plan postponing timelines...
"TTP trials seem to be trials for trials sake."
I like your above comment and it's a much better way than I would put it:-) Even though I'm still technically long on TTP I pretty much have given hope on it since last year. None of their products in the pipeline seems tangible. There's always trials going on, then there's always delay like clock work, then they reshuffle the pipeline and repeat again without any accountability. There's always news, conferences, then there's always no information when the events pass... not even a webcast.
I traded this stock a few times over the last couple years so didn't really loose money on it. However, I didn't make money either so in the end it's really not worth my effort playing it since I really don't know what the company is ACTUALLY doing. Guess I will remain a long term bagholder till THE END though my bag is really small...
Good luck everyone.