Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Speaking of shorts...
The published short position info just came out and it is down slightly from 2 weeks ago....
TORVEC INC (TOVC) OTC Type: OTCBB
Short Interest for October 15 2007
Short Interest 201,487
PercentChange (1.41)
Average Daily Share Volume 16,593
Days to Cover 12.14
Maybe someone at ETrade knows whats coming...
On Level II they have an ask listed @ $104......
104.65 100 Close
E*Trade Capital Markets LLC
Very nice...
"the iso torque really proved itself to be the premier differential.
Hi llocust...
The "days to cover" means that if the shorts decided to cover all of the publically listed short position that it would take 15 days to cover the whole position at the existing daily average volume numbers...
LOL.....
I see you have now played it over 900 times....Leit...step away from the audiofile button...this is an intervention...you are addicted to the sound of JG's voice...please stop yourself...
Interesting....
812 people have played the WallSt.net interview with JG...
And the other thing that is great....
...is when we inhale the helium 3, we can do those funny squeaky helium voices 24/7....I can picture you saying in the squeaky helium voice..."I just sold my TOVC holdings for $400 a share........honey, can ya grab me another ballon..."
A market maker....
........can be short or be acting on behalf of a short....so the answer to that is yes......short or long though, they are masters at controlling the speed and feel of the action in order to create more or less volume and bracket the price if they need to...they are wizards at it...they can create the lull or the panic...
I have said for a while that I think there are a handful of short positons ranging in size, but that there is large cumulative position and one short poistion is probaly a large one....they have alot to lose....these OTC stocks get played by the MM's and shorts simply because they exist..not becuse of whose running them or what their product is, etc etc....the fact that they exist makes them a traget with the goal of buying the shares back in a cover for pennies...not only is Torvec not goping out of business, but they are going to succeed in a huge way and will eventually force a spectacular cover in a rampage of emotional buying....it's bringing a tear to my eye just thinking about it...I have to go gather mayself....
50,000 to get up to high 4's...
.....then the MM's use the lull they created and use only 4 or 5 thousand to walk the bid down and close at $4.20....
The MM's...
...are all over the place with TOVC today trying to slow things down...
Hi SBD...
The comments on the interview by Jim regarding the valuation are very interesting...small market share penetration equals huge valuation for TOVC...
Just hit $4.50...seems like some the 400-plus people that have now played the interview, seen the recent press releases on the Lockheed Martin / Hillary Clinton and are probably going to the TOVC website to learn more about the company, may be adding to the buy-in right now...wonder if the number of hits on Torvec's website are above normal since the first Lockheed annoucement...?
Shorts are getiing boxed in and will have to make some tough decisions...also people looking to buy in should be doing so before the shorts have to in volume...
I love this stuff...God Bless America
Still havn't had a chance to hear it...
But I do know from the counter on the site that it has been listened to 201 times all ready...
It also appears that there remians a smaller and smaller supply of stock available for purchase...looks like people are feeling it and holding on for the ride...
Here is the audio link.....
Still havn't it listened to it yet..
http://www.wallst.net/audio/audio.asp?ticker=TOVC&id=4046
This PR came out this morning...
I havn't listened to it yet...
WallSt.net Updates Investment Community Through All-New Interview With Torvec
NEW YORK, Oct. 22 /PRNewswire/ -- James Y. Gleasman, CEO of Torvec, Inc. (OTC Bulletin Board: TOVC) (www.torvec.com) updated the investment community in an all-new interview with www.wallst.net. Topics covered in the interview include an overview of the company and its growth strategy, recent press releases, market opportunity, and upcoming milestones for which investors should watch.
To hear the interview in its entirety, visit http://www.wallst.net and click on 'Interviews.' The interview can be accessed either by locating the company's ticker symbol under the appropriate exchange at the top of the 'Interviews' section of the site or by entering the company's ticker symbol in the Search Archive window.
About Torvec, Inc.:
Torvec Inc., based in Rochester, New York, develops advanced automotive technologies that increase transportation safety, mobility, fuel efficiency and reduce soot emissions. Torvec owns the technologies for an Infinitely Variable Transmission that reduces diesel soot emissions, a Fast Tracked Vehicle (FTV(TM)) that goes where no 4x4 can, novel designs of hydraulic pumps and constant velocity joints. Torvec's founders invented the famous Torsen(R) differential used in high-performance vehicles.
To learn more about Torvec's many technologies and view a video of its FTV(TM), visit http://www.torvec.com.
About WallSt.net:
www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The Web site is a leading provider of timely business news, executive interviews, multimedia content and research tools. Financial Media Group, Inc. also owns http://www.mywallst.net, a financial social network for investors, and Financial Filings Corp., a provider of compliance solutions to publicly traded companies. Additionally, WallStreet Direct, Inc. owns and operates WallStRadio, a business and finance podcast Web site. Financial Filings Corp. is expecting to receive two hundred eighty dollars from Torvec, Inc. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp.
Why yes..I do beleive it is...
After 6 up days in a row, cheers to the guys on Mt. Read Blvd...
...could you imagine being stuck in a huge short position on TOVC right now and not knowing if on Monday the company will have some huge announcement that could send the share price into orbit...that must make for some anxious thoughts...
Have a nice weekend everyone.....
I dont recall anywhere seeing the term MRAP used by Torvec...
I even think the press release that Torvec put out in addition to the PR from Hillary and Lockheed martin said tactical wheeled vehicle program...The CEO update below specifcally states Joint Light Tactical Vehicle program....
The following is pasted below from the 9/4 CEO update..I'm sure you probably saw it but missed that part about the JLTV program...
"We have announced, in both our SEC filings and in prior CEO Updates, that we are working with a major military contractor to design and build a constant velocity joint specially-designed for integration in a vehicle the contractor is developing for submission in connection with the Department of Defense’s Joint Light Tactical Vehicle program, a vehicle designed to replace the Humvee as the military’s vehicle of choice for the 21 st century battlefield. We adapted our CVJ technology to increase the ground clearance to enable the vehicle to better withstand roadside explosives.
I love...
...increased buying Fridays...
Another nice day for TOVC..
Where are the shares for sale coming from...?
Nice.....
Just in case anyone had any doubts about the agenda that these guys have....these must be painful times for some as Torvec gains strength and momentum...
Observation....with the ask now at $4.00....
...it appears that there is becoming a shortage of shares for sale....I love it when that happens....they will try to keep this from breaking through the $4.00 level
At the time those additional shares were authorized...
Torvec had roughly 40 million shares authorized with about 31.5 million of that 40 million issued in the market...right now the company has a little more than that issued but I think it's still a little below 32 million...those additional shares could possibly never be utilized...there is still 8 million of the previous 40 million that are not issued. As revenue is generated off some of these deals, the company uses less shares to fund operations...
If the company moves to another exchnage due to the succesful ramp up on deals that require some capital to take it to the next level, there could then be some institutional interest in Torvec. That cash would go directly into the company treasury to be utilzed to grow EPS...that's "good" dilution in my book...
Stock splits as you mention could come out of significant share price levels...also a good thing...and no dilution
I hear ya....
doubles are excellent...at 12 its a triple from here...make sure you touch all the bases on the way...
The reason I will hold far beyond that ...
...is because when you do the math on the potential earnings per share for that one deal on one product and use a multiple of 10 times earnings (which is conservative for what would clearly be a growth stock) the share price levels could be in the $20 range....that's one deal on one product....then forecast out follow on deals for the same product in other applications with other partners....then forecast out follow on deals for other Torvec technologies...
I will be holding for the end game....
The great thing about announcements like that....
Is that they just appear without a moments notice....it's a beautiful thing....suprising and full of excitement and adrenalin pumping for some, yet at the same time, highly panic laden and anxiety filled moments that can last days or a lifetime for others...
I'm with you Dino...
On the survey...
I picked the 101 to 150K share range as did 10 others.... and I picked the 3.76 to $4.00 price range as did 4 others..31 people participated...which I think is the highest number ever...
Not familiar with that situation...
.....but knoking down buildings like Midtown Plaza for other uses does certainly take on some risk reward ...
LOL....
It is obvious to everyone that you and Leit have been controlling the share price...LOL
Now we're at 115,000 shares....where are the shares coming from...??
I agree with your point...
...about some long term longs might hit the exits around the 10 to 12 price....everybody has their own exit strategy..I suspect there are some lower than that and bunch that will ride the longer for the end game play....I fall into the latter category with you...
So as we cross the 100,000 share threshold today a few minutes ago, I ask this.....where are the shares coming from...? Who is selling? I would suspect that alot of it is from shorts adding to their position..
George......
.....was spotted in line at Wegmans today....
There is a lot at stake here....
...hundreds of millions or billions in future revenue and market share gains for companies that ultimately end up owning and distributing Torvec's suite of technologies...so here sits Torvec, well positioned to run in different directions depending on the size,scope, type and nature of deals that will be in front of them....on just one application of just one of their technologies a situation presents itself with a $40 billion defense contractor with a long history of winning defense conracts, an acknowledgement from them that Torvec's CV joint does what they want it to do and an industry defense expert that indicates Lockheed appears to be far ahead of the competition on this contract...
So I ask....what is the play here....how many OTC stocks are trading in the $3 range that have the ability to go to $15 overnight on one deal on just one product.....My guess is that the answer is one....Torvec...now add in what I am convinced is a large naked short position which from my view is going have to be unwound....how in the world are they going to cover what could be a couple million shares of a naked short position in the middle of what will be a stampede to buy in...forget about the 200,000 share published position..that is peanuts compared to MM / Broker dealer IOU's that sitting out there that will have to be balanced...which one of them is going to be left holding the bag...?
There is a collasal amount at stake here...if anyone doubts there are large short players throwing more shares at this to keep it from running, they are not truly grasping the magnitude of this situation....how are they going to quietly time their cover when what we may be witnessing here is the lighting of the fuse and limited supply of shares available....the game is big and it's going to be on....who will time it right and who will end up with a margin call of all margin calls....people need to read between the lines....this is the time buy or to at the very least hold tighly to TOVC shares....
Good to hear from you patc...
Things are looking good....
allnumbers...
z- means it was a sale reported out of sequence...
The MM's are busy today....
...trying to keep a lid on this thing...
The next info on the short position...
....will be published on 10/24
Yes...
You will find a line of them at Wegman's each holding a family sized box of Depends.....
I wouldn't hold my breath on that happening...
Nice open for the stock today...
Hi Leit...
Hope you are well...interesting times ahead ....
Picking up on speeway's post from earlier, I found a post i did some weeks ago on this topic and what is now tied to Lockheed Martin and the numbers are worth repeating...here is my post from a few weeks ago...
I can't help but do the math on this one.......
"The contractor has indicated that Torvec would become its exclusive, military supplier of CVJs were it to be awarded the contract, which currently calls for at least 320,000 constant velocity joints annually and at least 1,280,000 over the life of the program. A sales price of approximately $500 per CVJ would generate approximately $160,000,000 in gross revenues annually and approximately $640,000,000 over the life of the program."
This type of possibility to me is an all or none situation. If the contractor doesn't get the deal, Torvec doesn't. But what if they do....this one deal would be an absolute game changer of significant proportions literally over night...If you used a profit margin of 25% to run some rough numbers, that's $40 million in profit per year or roughly $1.32 per share. If you use a market multiple of 10 times earnings, thats a $13.00 share price on one deal, for one product, that repeats over a 4 year period based on the total value of the deal....(that multiple could be much higher when the market factors in growth multiples which could produce a 20 plus multiple) Thats one deal...on only one product....now throw in what I believe would be a very large share naked short cover pandimonium and this would run beyond those numbers for a period....now throw in a deal with a mainstream manufacturing partner to pick up some of that national annual 200,000,000 cvj market and add that in the earnings...now add a iso-torque deal or two and we've got ourselves a regulation barn burner....
For me...that is worth waiting for...
If I were part a large short consortium...
I would have to be asking myself a few things such as...If Lockheed Martin has the lead on getting the JLTV contract, and they love Torvec's stuff....how much pain would we be in if we had a very large unwound short position and they annouce this contract...??
This type of scenario could take a company like Torvec from $3 to $15 in half an hour...that would most certainly leave a skid mark.....
And we now have the normal suspects...
...hovering around the ask....Pershing, UBS and Knight trying keep a lid on things...