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I feel like...
...I am stuck in a blender on the puree' setting.....
allnumbers...
....dread addressed your 4-5% profit margin inquiry in an earlier post to you after calling the company to disucss it...since it seems that you forgot what was said, here is a copy of his post to you...
"I called HQ with some questions including your query about the 4-5% gross profit margins.
Got a good chuckle from management. They said to remember that the technologies that generated those revenues were prototypes and not at all a reflection of the margins they expect on finished products. There is quite heavy engineering costs associated with these, particularly some of the new NASA engineered products. It was not the company's intention to try and profit from the prototypes. They could have lost money developing these but at least they've covered their costs."
I second that...
FYI...
Allnumbers, I tried to get my post reinstated by Matt at ihub administration so you could read it.....he responded to me that I was an idiot...
So I've got that goin for me now which is good...
The published short info for the 11/15 2 week period...
...shows that the short position increased
TORVEC INC (TOVC) OTC Type: OTCBB
Short Interest for November 15 2007
Short Interest 206,920
Percent Change 2.29
Average Daily Share Volume 8,312
Days to Cover 24.89
Greetings turkey lovers....
I firmly beleive that the CEO updates are directed as much toward, if not more toward, individuals and companies that are in discussions with Torvec, but they also keep us shareholders in the loop...I wonder if there is any secret code imbedded in those updates...
I thought the Peng Pu relationship was somewhat taken over by the SAIC entry in to the Torvec discussions....kind of a big brother(SAIC) telling little brother(Peng Pu) to step aside while we handle this one....
From your post, it appears that there are continued negotiations with a Chinese auto company..my bet is that the Chinese will be beaten to finish line by a domestice player of some type because they take way too long...
common sense....
now there's an interesting idea...LOL
Have a Nice Thanksgiving everyone...
Artguy...
It bogles the mind how the "not invented here" sydrome can still be part of the cultures of these companies....given the meltdown in the credit markets, $98 a barrel oil and the affect that both have on consumers should have these companies tipping themselves upside down to re-invent how they approach innovation...
99er...
The availbility of shares to borrow for shorting TOVC is now at 70,000.......
Symbol: TOVC
Availability: 70'000
Exchanges: ARCAEDGE, NITE, OTCBB, IBSX
That's a good one...
"Quite a few times, I have been asked to call the company with any questions that I have, but I don't want to waste their time. So I won't be doing that."
......of all the people that have ever posted on this board, you are at the top of the list of people that should call the company to speak with them directly...
Happy Thanksgiving to you allnumbers...
So.....
what was your question again...?
LOL...
Thank you..
You ask..."Why do you thing that the loss will be significantly similar to the 2.356 million dollar loss that was reported last year."
Because the company's operating burn rate has generally speaking been pretty consistant over time, coupled with the fact that there was no annoucement of a large revenue deal during the 2nd Quarter...and lets not foget that they just told us in the annoucement of the delayed Q filing that there are no major changes....I therefore conclude henceforth..ipso facto...res ipsa loquitor... epluribus unim....dominos vobiscum....that not much has changed
Allnumbers...
Since the quarterlies are reports based on events that have already happened, and since there have been no announcements indicating large revenue producing deals during the previous quarter, why would you anticipate a significant change in the results of operations....?
The 10Q is based on stuff that has already occurred...you already know what has happened..the company has told us already what has happened via PR's and updates.....from all of that, you can and should accurately predict the past, which is to be summarized in the soon to be released 10Q....
Job...
FYI...I checked that same site for the availability of shares for shorting GTEC and it came up at 250,000 shares available...
Hi Job...
I just looked at your GTEC board and checked the Level II pricing.....NITE was sitting on the ask....I skimmed through the last 10Q for GTEC to see if at any time they did a convertible debenture deal with any one to raise capital..it didnt appear that they did....those are otherwise known as PIPES or death spirals....as for the reverse merger, those are usually a cheap way for a non-public company to go public..GTEC is a pink sheet stock that appears to be filing their financials on a non-fully reporting basis...those stocks get brutalized by the MM's...they are like cat toys being swatted around under the couch..(FYI - not criticisng your investment, just trying to create a visual....)
That site I found indicated the 35,000 shares available to borrow for a short sale on Torvec...my guess is that those shares are from the market makers own accounts ie..NITE, ARCA, etc and that there is a total of 35,000 available to be loaned out at the moment...question is are those available on a published basis or naked...
NITE shows up as a MM on both TOVC and GTEC...
Year-to-date thru October, the top 4 MM's on TOVC and their number of shares traded on TOVC are as follws:
Citigroup - 985,415
UBS ------- 929,740
Hudson ---- 493,000
Nite(Knight)491,000
The above totals represent rougly 67% of the 2007 volume on TOVC...I suggest that some of the published and alot of the naked position are somehow connected to the MM's listed...I would guess that there is a good size short position on your GTEC as well...
I found an interesting link below ...
...which indicates that there is 35,000 TOVC shares available to be borrowed for a short sale....
http://institutions.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=tovc&cntry=usa&tag=United+States&ib_entity=inst&ln=
Symbol: TOVC
Availability: 35'000
Exchanges: ARCAEDGE, NITE, OTCBB, IBSX
The published short position for TOVC...
...for the last two weeks of October is up slightly...
TORVEC INC (TOVC) OTC Type: OTCBB
Short Interest for October 31 2007
Short Interest 202,281
Percent Change 0.39
Average Daily Share Volume 39,793
Days to Cover 5.08
Let's see....
12 beers and 54 holes...thats about a beer every 4 holes....we're gonna need a bigger dog....
I'm with you Leit...
...never played it either but if we can pull a cooler behind us that won't matter...
Is there adult beverage consumption allowed...?
Nice MM maneuver...
...the bid and ask didn't move off of the 4.00 to 4.14 spread and then 1000 shares go off at 3.91....nice .....
At half of the $104 number.....
I get the shamrock tatoo...then I say we all get in a giant RV and go see speedway in Tahoe...
Along the same topic line....
What the Big Three can do now to increase mpg
Detroit's Big Three, General Motors (NYSE: GM), Ford (NYSE: F) and Chrysler have often been criticized for their bureaucracy, slow decision making, and, at times, outright inertia...even when conditions required bold, decisive action.
There's the joke about the five General Motors executives that go on a camping trip in the Great Midwest. Suddenly, they spot a bear 600 feet away and charging toward where they're seated at the camp site.
Each executive has a rifle and is ready to shoot the bear to defend the campers, and the senior executive says: "Allright, Executives, ready, aim, aim, aim, aim, aim, aim, aim, aim, aim..."
But seriously, Detroit, home to the industry that transformed a culture and helped define life in the modern world itself, has achieved much in its storied history, and has the potential to achieve even more astonishing breakthroughs in the years and decades ahead.
Still, Detroit's recent performance record is not good, and the Big Three "have some explaining to do," to borrow a phrase, particular regarding fuel economy. For those who don't follow the auto sector closely, the U.S.'s fuel economy, the miles per gallon of the domestic fleet, has more or less remained flat for about a decade. This is despite the increase in the number of adults driving, the massive amounts of additional, imported oil needed to meet this demand, and the added CO2's impact on the atmosphere.
Critics could expand on the lack of a viable hybrid (Japan is substantially ahead of Detroit regarding hybrid technology deployment), or a next-generation electric or fuel cell car that constitutes a game changer. But we'll leave aside those critiques to concentrate not on big-change, but small-change: there are actions Detroit can take right now to improve vehicle fuel economy.
1. Weight - The Big Three gets a low mark here. The domestic automakers have made some strides but much more weight reduction is needed through the use of aluminum, composites and related lighter materials, and via modular design. There are too many domestic model cars that are 3400 lbs. today that were 3400 lbs.10 years ago, or even (incredibly) 3,100 lbs. ten years ago. Detroit should have as a goal reducing the weight of each vehicle by 30% in five years. Airlines continually find ways to reduce weight because it lowers their operating costs; so should Detroit.
2. Transmissions - Here, the Big Three scores slightly higher. They've rolled out 6-speed and other variable-speed transmissions, but more investment is needed to apply the new technologies fleet-wide.
3. Combustion - Again, Detroit receives a modest grade regarding more-efficient fuel burning technologies, but the sense is that the Big Three could roll-out technologies quicker. Cylinder deactivation / variable displacement has been around for decades, but Detroit only recently started re-incorporating it as a fuel saving technique. Detroit needs to make up for lost time and deploy a deac tech that will save even more fuel in stop-and-go traffic / city traffic. Further, improvements to air conditioning systems would also cut fuel consumption.
4. Aerodynamics - On this point the Big Three receive their highest grade, but again more must be done. Today's cars, SUVs, and trucks are more aerodynamic than their predecessors, but they need to made even more sleek to lower the coefficient of drag. Given the amount interstate and secondary highway driving Americans undertake, aerodynamic improvements will yield substantial fuel savings.
Why hasn't Detroit made even greater progress in the above areas? Various reasons are cited: consumer preference and cost are frequently listed, but they're refuted by the fact that Americans are seeking these advances in foreign-built vehicles, who often have comparable manufacturing costs. If cost is a major factor, Detroit must find more ways to leverage its economies of scale to develop and deploy fuel-saving technologies quicker.
Still, the main point here is that rather than wait for the supercar with that industry-changing technology, the Big Three can deploy known technologies to substantially improve fuel economy in the immediate years ahead.
And given the current long-term trends regarding oil's use, price and its impact on the U.S. economy and the environment, not to mention individual budgets, that seems like the prudent road to take
Interesting trading today...
It got walked down immediately at the open to 3.60....now it's 4.40...
'Outperform'......
Has a nice ring to it..........
Hi tortech....
It's possible that some other company may be completing the the checklist activities at the end of the list or doing it in partnership with Torvec...
Relative to what the overall market is doing....
TOVC is actually holding up very well....my watch list of stocks has all red numbers except one...TOVC
The guy has posted here 22 times....
10 of those were deleted....motives are clear
One potato, two potato...
Three potato four....
Lockheed could buy Torvec...
At a price of twenty four...
Nothing like a nice, positive nursery rhyme to start the day...
I agree...The writer...
..indentifies Keith Gleasman as "part owner of the company"...
...so are you and I ...I cant beleive he didn't mention you and me and the other 3500 co-owners....
I like the direction this is pointing.....tough times to be trying to manage a short position in TOVC....there will be a large deal struck with Lockheed regardless of the outcome of the JLTV bid...we are witnessing "game changing" behavior...
Here is the whole article pasted below...
Rochester's Torvec Inc. may provide solution for military vehicles
Daniel Wallace
Staff Writer
(October 31, 2007) — Rochester-based Torvec Inc. could be part of the military's solution in developing the next generation of safer tactical vehicles.
The automotive company recently signed an agreement to supply several of its technologies to Lockheed Martin, the world's largest defense contractor.
"What they really bring to the plate is a stabilization technology that will make our vehicles more stable and versatile on rough terrain," said Lockheed Communications Manager Marcello Bruni.
Torvec said Lockheed Martin was experiencing limitations with existing technology that included ride height, ground clearance, turning radius and overall efficiency of its vehicles.
Many of the technologies are classified at this point, but Torvec did provide a limited amount of detail for one application, its constant velocity joint that helps to power the wheel of a vehicle at an angle.
"The laws of physics do not allow you to have a lot of design with CV joints," said Keith Gleasman, part owner of the company, who explained that today's design has not significantly changed since its 1927 patent.
For several years, Torvec engineers have worked on this part, which they incidentally perfected while developing a hydraulic pump.
"Out of necessity we had to design our own (CV joint) and we chose do it using gears, a major breakthrough because you've never been able to make gears go through motions," Gleasman added.
Gleasman and Lockheed officials declined to give a dollar figure for the contract with Lockheed.
The company's background and strength is in gear technology. Engineers were able to perfect the CV joint by extending the angle at which the wheel could turn.
Torvec's CV joint turns at a 60 degree angle, eight degrees more than today's passenger vehicle and 15 degrees more on military vehicles.
Engineers say that for every two degrees improved in the CV joints, the vehicle will be able to turn in a smaller radius by three feet. The degree extension is significant for military vehicles because it would allow the vehicle to maneuver in tighter situations such as narrow streets.
Gleasman also said the gear is more efficient because it uses 50 percent fewer components, which lessens friction, heat and interaction with other parts.
There are also safety benefits to the joint that include better suspension on rugged terrain and greater ground clearance, which comes in handy when trying to avoid damaging effects from roadside bombs.
When the vehicle is raised, all four wheels need to remain on the ground, but in order to do that the shafts need to bend at a steeper angle to still provide power from the engine to the wheels.
The CV joint allows the shafts to bend at greater degree, enough to dissipate the energy from a bomb over a wider area, explained Gleasman.
According to the Department of Defense, nearly 70 percent of casualties in the Mideast are caused by explosive devices. As of Oct. 20, more than 2,000 soldiers have died in Operation Enduring Freedom and Operation Iraqi Freedom from explosive devices.
"It's an amazing piece of technology that they have. They're a pretty solid company," said Bruni.
The company was formed in 1996 by brothers James and Keith Gleasman, who followed in the path of their father, Vernon Gleasman, another automotive inventor credited with developing the torsion differential that allows for greater performance in traction and handling for sports cars and off-road vehicles.
Since its inception, Torvec has been a research and development company.
The Lockheed Martin contract, which is in its final approval stage, is the company's first step into commercializing its products. The contract was made possible through the introduction of the companies by the office of Sen. Hillary Clinton, D-N.Y.
"I think it's hard for these big companies to choose who to talk to," said Kris Balberston, Clinton's deputy chief of staff. "We love for these companies to look at the homegrown technology around them."
Keith Gleasman said he sees the deal as a major step for the company in terms of proving its products and attracting new clients.
"A military application is extremely tough to put your products in right away, but this will show our superiority," he added.
DJWALLAC@DemocratandChronicle.com
Some interesting finds in the article.....
"The automotive company recently signed an agreement to supply several of its technologies to Lockheed Martin, the world's largest defense contractor."
and this from the Lockheed Martin spokesperson...
"It's an amazing piece of technology that they have. They're a pretty solid company," said Bruni.
There is way more to this than meets the eye folks....the current share price will be looked upon as an extremely good buy in price...who would sell now...?
Hi dig...
I missed you....good to see you back in action...these are different times we're in...stick around...
I love you...
"Must be Velvet has a way with words".....
She's velvety........
Was thinking more about the Lockheed guys comments last night...there is more to it than what we see on paper...I dont think our speculation is speculation....
I want to know what we dont know but i dont want to know until we know...know what I mean
FYI...
I bought a pile of it below a dollar back then...helped my average a bunch...."we're jammin"...
"What's the extra 360,000,000 Mill shares on the sidelines for..Contingency plan..?? "
It's a surprise...
Hi llocust...couple of observations...
One is that until Torvec is on Nasdaq, the national media coverage via Wall Street willnot exist...it just ain't gonna happen with an OTC.BB company...I agree that RBC piece is only going to have a local Rochester affect per se....
Which leads me to point 2...my educated guess is that of the 3500 or so shareholders in TOVC, 50% to 60% of them live in the Rochester area....those indivuals have also most likely held the stock for the longest period of time...several years in some cases give or take a few years....some of those individuals may have been "worn down" holding TOVC for this time span and could be prone to selling to early or maybe have followed it for years and have waited to buy in until a deal is done...so out comes a few gems from the Lockheed guy that dont translate the way they should for many in the "worn down " state of mind...they can no longer see end game and where this is heading and hence end up seeing it hit $4.50 or $5.00 and decide to sell some or get out entirley...
The signals that are coming at us an investors in TOVC have never been at this level...never...the people waiting for a deal to be announced will never buy in...it will move so fast there will be no chance...the people who are "worn out" and sell will sometime in the near future regret that they did, based on the current activity that we know about at Torvec....add to it what we don't know that they cannot mention.....
The comments from the Lockheed guy, to me, are very revealing....as for getting to NASDAQ, did it ever occur to anyone that Torvec might not make it there becuase they would get acquired before that happens...? So here we sit at the close of trading today watching the MM's walk down the bid and only 11,300 shares trade...they are good, got to hand it to them...
"would you like tea with that internet connection"...LOL
(Is anyone sick of that commercial...?...yes...)
dread...I agree with you 100%....1000% actually...
The "market" reactions to events involving Torvec sometimes are head scratchers....here we have a spokesperson from Lockheed Martin, a $40 billion entity, essentially telling the public via the RBJ quotes that their interest in the Torvec relationship and Torvec products isnot just about the JLTV bid...that may be one of the strongest signals to date that Torvec is headed toward a significant monetizing event....If that isn't the type of signal that we as investors have waitied a long time to hear, I don't know what is...and don't say the annoucnement of deals....those we won't hear about until they are done....I'm talking about signals that point to those deals being done....as a long term investor, I'm with you reading the same tea leaves and I agree that between the lines is very important and yet the stock trades only 10,000 so far today and it's down a nickel...with all the recent activity at Torvec, who would sell now...?
"Torvec's involvement with the company could encompass more than just products for a militaty contract Lockheed Martin is bidding on."
"Torvec's value-added would be applied across the line of business of the tactical wheel truck."
"I wouldn't synthesize the relationship with Torvec to just that (government) competition."