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CRGS SEC registration revoked:
https://www.sec.gov/litigation/opinions/2022/34-95660.pdf
CRGS SEC Admin. Proceeding for severely delinquent Financials (Sept. 2020)
https://www.sec.gov/litigation/admin/2022/34-94244.pdf
I sold out at $.09. I feel like a genius. Still LMAO at Dino. So that’s worth something.
One last slap in the face. I wanted to clean up my online account so I filled out a worthless stock form....it cost me $5 dollars.
The institute for caring?! DK the shameless liar caring?! What a douche
If memory serves me correctly the top guy, or owner...whatever, is the son of a CRGS board member. Can't remember which one.
Don’t know if it’s try but heard they are related to a board member…
I have already done my soul searching and have lost a lot of money on this. But I have one big question - I have some experience with corporations going belly up in NY. It has always been that the company is not disbanded for many many years in NY even if no papers are filed and no tax returns are paid. So IF the pump pays out or is finally marketed, or has any value, it must be reported back to CRGS per the sales agreement. When or If?
Your guess is as good as mine.
Who bought the pump? Does anyone remember?
Poorly written last sentence. I should have said "aware of', not "in on". Sorry
Actually it WAS your and our business. Anyway, sorry for the delay overthehedge2. Family wedding, lots going on. So here goes: Caring Institute BOD...Dr Paula Doyle, RK, Tim Mason, Eric Mertz, Barbara Osterman, Ronald Papa, Dr. Marcus Robinson. Advisory Committee...Ted Axelrod, Prof Robert Barbato, Gen. John Batiste, Sheriff Todd Baxter, Ginny Clark, Michael Cooper, Dr. Richard Della Porta, Dr. Richard DiMartino, Bart Dentino, Gerald DiMarco, Richard Dollinger, John Fitzgerald esq, Pastor George Geace, Mathew Guherin, Dr Robert Heineman, Donald Jeffries, Dr. Tab Javed, Dennis Kessler, David Mammano, Gary Mervis, Terry Miller, Joseph Nacca, Richard Notar4giacoma, Dr Beth Paul, Norman Silverstein, Christine Wanger SSJ, Brother Wease, and Dr. Mark Zupan. I wonder how many of the above lost money thanks to DK's lies. I know three of the above and, as I earlier posted, the three I know are all blowhards. Meeting Thursday Oct 7 at Naz College. Free Hors D'oeuvres wine and refreshments!! Hey, just like the old days annual meetings!! Free stuff. The new "CARING System is "Socially Responsive, Fiscally Responsible and Spiritually Rejuvenating". And it promises to bring a cure to all that ails America. AND, if you attend, you'll get a free book authored by DK and Dr. Marcus Robinson. Who's he you ask? A quick Duck duck go search reveals him to be a "published author, transformative leader and unabashed mystic". Seriously. That's what it says. You can't make this stuff up folks. My only regret is there are few who look at this ihub site for CRGS any longer. Everyone who lost money should be in on DK's latest scam, imo of course.
Interesting… certainly didn’t care for us, but that’s none of my business
That’s laughable. The last person DK would bring into anything is Donnelly.
Where did you fine DK's new Caring Institute? Who is on the BOD? Did he bring Donnelly over as well?
I honestly can't remember who DK was/is. And what his position was. Please remind me. My self recrimination: I was out once for a slight profit but then got sucked back in. It was in part because Golisano (sp?) got in----I trusted his judgement and that of his advisors. Can someone explain that to me? And then I think I went in a little deeper when we entered into "exclusive" negotiations with someone. It was as if it was almost a done deal with just a few details to work out. How much of other peoples money, in total, did these grifters ultimately flush? For the founders, a multidecade circle ---- in the comfort of a heated office.
Wow, that is amazing. You get to cover TG’s legal fees. Priceless. The lawsuit should have been the commons suing….
I often ask myself how I could have been so fooled by him. On the bright side, the way DC is talking about raising taxes those loss carryforwards we all have may be more valuable than we thought. But yes, he sure has balls after all the lies he told. He also wanted the bondholders to join a lawsuit to protect our "interests" in all that wonderful technology crgs has, against the creditors he screwed. But the formula he devised for paying the legal fees, and I wish I kept the formula, actually had me paying a larger amount as my "share" than TG would have to pay, as a percentage of what we had invested. Said something to the effect that it would'nt be fair to have TG contribute such a large dollar amount just because the value of the bonds he held was so much higher than everyone else. I tossed all the paperwork in disgust.
"The institute for caring",
huh? He can get the ball rollin
by writing me a check for 70k?
Then I'll know how sincere their mission is ??.
Guy is a straight up creep,
but he has balls, I'll at least
give him that...
I know there are almost no posters left but for those who still look I wanted to pass along some news. DK has a new toy!! Yup. DK's got a plan to unite all of America! Isn't that nice? It's called "The institute for caring", and it's got a bunch of Rochester folks on the BOD as well as the advisory committee. I only know a couple of advisory members and I also know them to be total blowhards, imo of course! They're going to get together a plan to pull all of America together using "transformative solutions" among other neat ideas. Why was I included in the invitation? Not sure except maybe because I was stupid enough to not only purchase stock, but also bonds. So I can only guess he figures once a sucker, twice a sucker....why not three times a sucker. I only wish there were more people on this board to tell.
Surprised this turd is still swirling around the toilet bowl.
Yes you do..........
Oh sorry,
don’t I look stupid, and now my money is gone also, oh well such is life.
WE will get em next time.
Thanks for the heads up, again SULAX
CRGS
They are out of Fing business…..
You mean I should load up now because there will be no pull back,
The sky in my world is “blue and clear”
Thanks for the heads up
$CRGS
What color is the sky in your world? I think you should load up.
Hmmmmm, nice moves, soon as she pulls back, I’m in! Could this be custo play?
$CRGS
Interesting volume the past few days
Interesting volume the past few days
I think that’s a fact, not an opinion
Don't know if they designed the app. I posted the link to show that there was potential, had we had competent management CRGS could have tapped into this space. Just my humble opinion.
Don't know if they designed the app. I posted the link to show that there was potential, had we had competent management CRGS could have tapped into this space.
Did CRGS design their app?
What do you mean by that
Maybe there is value in the patents and this is a way of buying or controlling them. Fist they sell nothing, then they stop business and go chapter 11. As I understand it the only thing left is Chapter 7 and a dissolution of the 'business' and sale of all assets. I wonder when that will happen?
Someone still buying shares, over half million volume today. Obviously I know it’s only $5K but why is anyone buying a company that’s shut down?
Thanks for letting me know..appreciate it
That was a tough diagnosis he was
up against.
Although he could be cantankerous, I always enjoyed our conversations..
Well, he's graduated
and has no more cares of this world.
God Bless.
Leit,
Just wanted to let you know that Joe passed away this morning. I don't have your current email.
The site has been very quiet. One thought/question: How is it possible for it to be legal for Jim to have stated that all (about 6 at that time) the products were "market ready" when on any rational basis none of them were. In retrospect it's difficult to even refer to most of them as products, let alone market ready. Did that now deceased delusionary grifter get to define "market ready"?
On another topic. I never looked at my private mail. Quite a few months ago a couple of people left me private messages to which I failed to respond. I never saw them until just recently. My apologies.
Makes sense. Doesn't seem to matter if they suspend business or not. This company and management has been one of the walking dead for the last couple of years. The fact that managed to stay about the same without any management, says it all.
They must be on some kind of deadline to either do something under Chapter 11, or they go into Chapter 7 and liquidate. That's my understanding of the process, but that is based on PCI going out of business 30+ years ago.
Can't believe the volume is not zero.
You are right. Jim wasn't kidding about burning money in the driveway.
The “watch” was likely obsolete two years before they ordered it... That’s assuming it actually existed... somehow they spent $2,000,000 on watch inventory?? Did anyone actually witness the existence of the “watch” other than the bullish!t they tried to sell us at the annual meeting?? This whole thing has been a scam, I’ve been trying to tell you for YEARS that DK is a liar...
I know we had a bunch of Iso-Torques or at least the boxes for them. I thought we had a lot of the watches manufactured. I wonder what happened to all that stuff? I guess if there isn't a marketing plan or salesmen to make it work, it doesn't matter how many things you have.
What type of product? We don’t have one!
Excerpt: "Apple's services revenue jumped around 27% to $16.9 billion, as new software products such as its Fitness+ program and its Apple One subscription bundle continued to gain traction."
The market for our type of product seems solid. Apple probably has some adults overseeing their high school strategic development people.
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DISCLAIMER:
This board is an independent website made possible by the good people at InvestorsHub. (See #msg-23860012.)
This board is not controlled by Torvec. This is not a Torvec website. That said, the Moderators DO own TOVC shares. INTERESTED INVESTORS SHOULD PERFORM THEIR OWN DUE DILIGENCE PRIOR TO INVESTING.
CORPORATE PROFILE
CurAegis Technologies, Inc. was incorporated as a New York business corporation on September 25, 1996. The Company develops and markets advanced technologies in the areas of wellness, safety and power. Currently, we are focusing on the commercialization strategies in the following technologies:
(i) | the CURA system which includes the myCadian™ watch which measures degradation of alertness and sleep attributes and the Z-Coach e-learning education and training tool and |
(ii) | the Aegis hydraulic pump |
- | a proprietary tool that combines signal processing and pattern recognition to guide users and third parties about the alertness of the wearer, |
- | a risk assessment that identifies the degradation of alertness potentially affecting the wearer’s ability perform tasks, |
- | a comprehensive assessment for wellness, alertness and sleep, |
- | real-time reporting that distills complex data into actionable information on mobile and desktop platforms, |
- | predictive reporting for a user to take action when alertness begins to wane-before fatigue becomes dangerous, |
- | flexible settings to provide employers a customized CURA tool within existing safety definitions and to create protocols for a unique environment, |
- | pricing that makes it affordable across a broad based workforce. |
- | smaller and lighter than conventional pumps and motors, |
- | more efficient, |
- | as reliable, |
- | price competitive, and |
- | unique in its ability to scale larger, allowing more powerful pumps and motors. |
Concerns: Historically, there were a number of pink flags: (#msg-42787201). New CEO Dick Kaplan and Tom Golisano's role and bank-roll are looking to re-write the company's history
* For long term investors, the new Series C stock heavily dilutes the company but at least it may bring with it accountability, timelines, credibility and commercialization events.
January 2008 Shareholder's Meeting
Management positioned the company's primary technologies as being 'in-play': It's an unusual use of the term given that the technology has now been "in play" for the better part of a year. Ford Motor Company was reported as in negotiations on the company's Fast Tracked Vehicle (FTV - also known as the Full Terrain Vehicle and referred to at this year's Shareholder Meeting as the "Ford Tracked Vehicle"), General Motors has been reported as in negotiations on the use of the Company's IsoTorque Differential across all its models, Lockheed-Martin in negotiation for utilization of up to 1.3 million the company's CV Joints (CVJ) for pending military use in the Joint Light Tactical Vehicle (JLTV), a California Hybrid Bus manufacturer in negotiation to implement the CVJ in the design of their product. See #msg-26492129 for text and powerpoint files as presented to shareholders on January 28th, 2008. A projected transaction with Nissan for Iso-Torque Differentials has still yet to be announced. Lockheed Martin was successfully chosen this month as one of three finalist in contention for the military's JLTV contact. In a recent board survey, 81% of Torvec shareholders believed the company's CV Joint to have been in the Lockheed prototypes. Recent evidence suggests they were not. The company says it can't comment due to non-disclosure agreements with Lockheed.
VALUATION #msg-20205087 and #msg-20206084, #msg-8231969 #msg-11828725 #msg-14443213. Developments as of October 2007 led to speculation that the company could be worth in excess of $30 per share but shares have been on a downward trend since January 2007 with the exception of a Dec/Jan blip up due to CEO Update promising the announcement of a "major development" by or at the 2009 Shareholder meeting. That didn't happen. A Jim Gleasman valuation model from April 2008 was posted: #msg-29039800. Valuation in this model is north of $150 per share. Management has been quoted as saying investment will either lead to "the outhouse" or "the penthouse". Throughout much of 2010, the stock has hit new low after new low, bottoming out at $0.30 during the Summer. That may change going forward from October 2010 with the announcement of new management. No new strategic plans have yet been announced.
STATS
Shares Outstanding: As of December 1, 2009: 35,448,646. and has commitments to issue additional common shares upon the exercise of common stock warrants and potential conversions of Class A and Class B Preferred Stock.
Float: About 16M (realistically much lower- probably on the order of 8 to 9M - as many shares rest in supposidly company-friendly hands - see #msg-8069620, )
% Held by Insiders: ~57% % Held by All Directors: ~37.89%
...Keith Gleasman, President , 9,328,273 shares or 23.34%
...James Gleasman, (deceased) 5,884,013 shares or 15.37%
...Margaret Gleasman, (Vernon Gleasman's Estate, Beneficial Owner.) 2,310,314 shares or 6.5%
Stock Dividend or Stock Splits: Board of Directors and shareholders voted in 2006 to increase the number of authorized common shares by 360,000,000 common shares. As a result of the amendment, the company's certificate of incorporation provides that the company has authority to issue an aggregate 400,000,000 common shares.
Torvec has two wholly owned subsidiaries: IVT Diesel Corp and Iso-Torque Corp. Both are expected to form joint ventures or license TOVC technology to partners.
The company believes its products are production ready: #msg-23996633
PRINCIPAL INVENTORS: THE GLEASMAN FAMILY
Vernon Gleasman (1912-2004) - responsible for invention of Torsen Differential (1951). See link: http://archive.twst.com/notes/articles/agu606.html
James Gleasman (1946-2010 )
Keith Gleasman (1953- )
PARTNERS AND TECHNOLOGY APPLICATIONS
United States Air Force - interest in development of an Advanced Combat Firefighting Vehicle (ACFV), a high speed, high maneuverability vehicle capable of traversing extreme and inhospitable terrain. Going where other vehicles can't go: #msg-29063650
General Motors Corporation - in discussion on TOVC's IsoTorque Differential for several models including Cadillac.
SMS Supercars - announced January 8, 2010 the availability of an IsoTorque Diff as an option on its SMS 2010 Carmaro to be shown at the 2010 Detroit Auto Show. (#msg-45306771)
Lockheed JLTV - Joint Light Tactical Vehicle. See #msg-23853213 . Follow JLTV development here: http://contracting.tacom.army.mil/ssn/jltv.htm
Announcement Oct 15, 2007 from office of Senator Hillary Clinton announces partnership of Torvec and Lockheed. "Our men and women, if they are called upon to engage in combat by their country, need to have the very best that our country has to offer," said U.S. Senator Hillary Clinton. "The relationship between Lockheed Martin and Torvec, Inc. creates an innovative solution for the next generation of tactical wheeled vehicles. Senator Clinton's interest in the next generation of tactical wheeled vehicles allowed her to make the connection with the automotive technologies produced by Torvec, Inc. and Lockheed Martin Systems Integration."
http://clinton.senate.gov/news/statements/details.cfm?id=285305&& While Locheed Martin has been selected as one of three finalists for this military contract, it is unknown for certain whether Torvec's CVJ is or will be a part of the final design, should Lockheed be selected as the manufacturer.
NASA Electrically modified IVT (transmissions) and IsoTorque differentials for next generation Moon Rover. An engineer's potential 'dream' endorsement of the technology. #msg-16513092 - artist's rendering. http://www.torvec.com/images/NASA/NASA_Diffs_2.jpg
COMPANY PRODUCTS:
The company says it is focused on the commercialization of the first two of the products listed below.
IsoTorque Differential
New version of their original Torsen differential, currently standard equipment on Lexis, Toyota, Audi, Land Rover, GM and >30 other models. ISO-Torque Differential is less expensive and more efficient (due to many fewer parts) and is much lighter than the original Torsen design. The original Torsen design, the patent on which has expired, was sold in 2003 to Toyoda Machine Works for > $100M. (#msg-8218965). Currently installed on a Nissan 350-Z and some GM models (Cadillac CTS). Post on three (3) models of Torsen differential (#msg-32189319) from http://en.wikipedia.org/wiki/Torsen. IsoTorque looks to be the first of the company's technologies which will see the light of day.
Hydraulic Pump and Motor
Historically, the problem with hydraulics has been their excessive noise, heat and weight. This made the technology unacceptable for most automobile and light truck use. Torvec's Hydraulic Pump and Motor, Rota-Torque™, has been designed specifically for automotive use and has none of these disadvantages. It is smaller, quieter and lighter than current models (80 lbs vs 360 lbs).
Fast Track Vehicle... Think of the track of a tank attached to the undercarriage of a standard pickup truck. Prototype vehicles incorporates many other TORVEC technologies. Steers with a steering wheel for ease of use and maneuverability. Designed for highway speeds. 17" wide rubber tracks won't leave ruts, making the FTV highway-and-environmentally-friendly. All-terrain vehicle capable of navigation thru sand, mud, snow, rocky terrain, etc. New 2007 patents around track and steer drive mechanisms. The "FTV" acronym has gone from "Fast Tracked Vehicle" to "Full Terrain Vehicle" to "Ford Tracked Vehicle" and now back to "Full Terrain Vehicle". Perhaps it should be called the "Future Tense Vehicle".
Infinitely Variable Transmission (IVT)
Utilizes TORVEC's patented lightweight HYDRAULIC PUMP AND MOTOR assembly. The transmission provides an uninterrupted drive through an infinite number of geared spread ratios allowing ideal torque flow to propel the vehicle while permitting the engine to run at optimum efficiency. Using TORVEC's hydraulics, its transmission is lighter than current transmissions and has far fewer total parts (170 vs 700+). The IVT allows an engine to run at a constant speed rather than having to variate. This results in reduced pollution and improved fuel economy.
Constant Velocity (CV) Joint
Approximately 300 million constant velocity (CV) joints are sold throughout the world every year, comprising a market of over $6 billion. They are primarily used in front-wheel-drive vehicles, sport utility vehicles, and 4x4 light trucks, and are also used in some rear-wheel-drive vehicles. New military applications such as the JLTV could increase demand for this technology. (See #msg-42623601 however!) Torvec's spherical gearing was invented for use in its own pumps and motors. This Torvec CV joint, which uses spherical gears, is interchangeable with existing CV joints, and has lower weight and manufacturing cost than current CV joints. The Torvec CV Joint has world-wide patent protection.
Ice Technology
In June 2007, the company announced a transfer of its ice technology license agreement with Dartmouth College to Ice Engineering, LLC --- a company owned by the original inventor of the technology, Dr. Victor Petrenko. Torvec's gain of $3.5M in the transaction ($300,000 per quarter starting March 2008) is being held up by auditors. A future revenue stream based on commercialization of technology is possible.. See the company announcement: http://www.torvec.com/messagefromceo062007.htm
SEC Filings As management is fond of saying, "It's all in the filings!".
http://www.sec.gov/cgi-bin/browse-edgar?type=&dateb=&owner=include&action=getcompany&CIK=0001063197
September 1998 Shareholder Update: #msg-26343885
Strategy and Highlights from Year End 10-Ks and Shareholder updates:
Year Ending 1999 10-KSB: n/a
Year Ending 2000 10-KSB: #msg-26344586
Year Ending 2001 10-KSB: n/a
Year Ending 2002 10-KSB: #msg-26345049
Year Ending 2003 10-KSB: #msg-26378279
Year Ending 2004 10-KSB: #msg-26378852
Year Ending 2005 10-KSB: #msg-26379770
Time sequence related to CXO management engagement: #msg-29847354
2007 Annual Meeting of Shareholders: held Rochester NY Thursday January 25th, 2007 at Casa Larga. Coverage of the meeting started here: #msg-16508364. #msg-16707077
2008 Annual Meeting of Shareholders: held in Rochester NY Thursday January 28th, 2008 at Casa Larga. Text and graphics linked at the following post: #msg-26492129
2009 Annual Meeting of Shareholders: held in Rochester NY Thursday January 29th, 2009 at Casa Larga. Summary of major points. #msg-35205006
2010 Annual Meeting of Shareholders: held in Rochester NY Thursday January 28th, 2010 at Casa Larga.
2012 Annual Meeting of Shareholders: to be held on June 14th, 2012 at 7:00 pm at Casa Larga Vineyards (2287 Turk Hill Road, Fairport, NY).
COMPANY WEBSITE and PHONE NUMBER:
http://www.curaegis.com ……..Office: 585.254.1100 begin_of_the_skype_highlighting 585.254.1100 end_of_the_skype_highlighting ……… Fax 585.254.1105.
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