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I had Starbuck's today...you know what size...?
Venti.....
Have a fun and safe Labor Day weekend everyone....
I second that Happy Birthday...!!
....and a welcome back to our host with the most....!!
LOL..
My hunch is that they are spending the next two days planning your party....
Happy Birthday...!
The published short position for Torvec ...
increased by roughly 10,000 shares for August...
TOVC $ 3.30
Torvec Inc. -0.15
Shares Short 148,100
Days to Cover (Short Ratio) 8.8
Short % of Float 0.98 %
Shares Short - Prior 138,900
Short % Increase 6.62 %
Squeeze Ranking™
% from 52-Wk HIGH ( 6.60 ) -100.00 %
% from 52-Wk LOW ( 2.31 ) 30.00 %
% from 200-Day MA ( 3.85 ) -16.67 %
% from 50-Day MA ( 3.21 )
2.73 %
Price % Change (52-Wk) 0.00 %
Trading Volume - Today 40,750
Trading Volume - Average 16,900
Trading Volume Vs. Avg. 241.12 %
Total Shares - Float 15,070,000
Total Shares - Outstanding 31,337,339
% Held by Insiders 0.72 %
% Held by Institutions 0.10 %
Market Cap 103,413,219
EPS -0.26
PE Ratio
Sector: Consumer Goods
Industry: Auto Parts
SI Record Date 2007-Aug
Is it me...
or did 22,000ish shares just trade without moving anything..?
Here's good one for everyone to ponder...ETrade has an ASK listed on level II of $103.90....that's optomistic even for me..LOL
And here we go...
With Citi sitting on both sides of the bid and ask of 3.40 and 3.45, the first trade goes off at 3.425 and the spread then immediately goes to 3.05 and 3.25...
Hello tovc4me..
This has been some of the most bizarre(sp) trading action on Torvec this last week...the 25,000 after the market closes looks like MM's trying to balance their books with one another...(IE - naked shorts covering the IOU's) ....
Why the strange activity now...? Maybe they don't want to be caught holding the bag when Torvec produces an "event".
This mornings opening on TOVC....
...may be THE most rediculous MM manipulation I have witnessed ever....watching them manuever the opening at 3.00 was absurd...It was UBS, Hudson Securities and Citi....the 8200 share trade at 3.00 was in my opinion a cover buy...someone is getting nervous...
Good question.....
Greetings...
The stuff going on now has me thinking that traction is occurring....with whom and for what i guess we'll find out. The move to the new facilities certainly gives the company more of a presence and and certainly the functionality for the what may turn ouit to be the "early production" portion of the program...I have to think that they have something brewing that would cause that move at this time...
Small marshmellows for everyone...
Interesting day today..the pre-opening trades are a quandry...
Take a look at time and sales for TOVC this morning....
It got run up to 3.85 on 6 small trades before the open......
Time & Sales
Price Size Exch Time
3.94 253 OBB 09:35:44
3.94 500 OBB 09:35:34
3.94 400 OBB 09:34:21
3.95 1000 OBB 09:33:47
3.95 500 OBB 09:32:51
3.94 100 OBB 09:32:
3.95 1000 OBB 09:30:35
3.94 1000 OBB 09:30:30
t 3.85 500 OBB 09:28:30
t 3.75 500 OBB 09:28:00
t 3.70 500 OBB 09:27:52
t 3.60 500 OBB 09:25:42
t 3.55 405 OBB 09:24:27
t 3.50 733 OBB 09:22:07
Up 79 cents at the open ...3.94...?
7100 shares at the open.....interesting jump
I am sending an email to Torvec...
...to see if at any time during the testing of the iso-torque equipped Nissan Z if either Keith or Jim wore a sundress and a pair of pumps (non-hydraulic) and if so, did the Z handle any different...
They might want think about using real women for this stuff...just a thought...
GM engineers dressed in drag while designing new SUVs
Posted Aug 9th 2007 8:22AM by John Neff
Filed under: Etc., SUVs
During the development of General Motors' new GMT900 SUVs, the team in charge of design was taken out to the company's Milford Proving Grounds and made to dress in drag as an exercise. They wore high-heels, fake press-on nails and garbage bag skirts to simulate what The Car Connection refers to as "female handicaps" (are we really calling them that?) while operating various features of their new 'utes. The result was at least three features on GM's new SUVs that wouldn't have been there otherwise: retractable running boards for easier entry/exit in a skirt, a larger center console that can hold a purse and an easier to operate rear lift gate.
The idea for this excursion into androgyny came from Mary Sipes, a vehicle line director at GM and a woman with a mission to make her company's vehicles more user friendly for females. Since women comprise more than 50-percent of the buying public, she realized it would only help the company's bottom line to consider them more when designing new vehicles. Since the design teams are still very male dominated, Sipes decided to dress her teams in drag to force them to consider their vehicles from a female perspective. Hmmm... perhaps a better solution than playing dress up would be to just hire more women. Regardless, the intent was commendable, but we're wondering if our female readers can think of any other missing features that might make their lives a little easier.
[Source: The Car Connection]
I've got to be honest with you allnumbers.....
I don't have a clue what you are talking about...you are all over the place on this discussion...I feel like I'm stuck in a blender...
Catch you tomorrow..have a good night...
Allnumbers...
I dont know if Torvec's tech is or isnot in that EPA test, but I don't think it is...wasn't that tech using a bent-axis pump, which from some information provided in some of the seemingly thousands of links you have supplied to the forum from posts way back indicated that that wasn't working....Torvec's pump isnot of the bent-axis variety...correct..? I wasn't at the shareholder meeting but I dont recall anyone other than you on this forum interpreting JG's remarks from the question and answer period at that shareholder meeting as in your words...."So, if you follow that line of thinking, then you might begin to believe, like I do, that the Torvec Technology is in fact being tested in that UPS Hydraulic Hybrid."
WOW...4200 share 144 filing...
LOL...."is there a message here"...?
Yes there is...ironically it is you that is sending it...LOL
I agree....
Did someone say "short selling"...
As the market was coming to close....
...there sat UBS again boxing in the bid (3.70) and ask (3.80) and then right before the close a trade at $3.84 goes off outside the spread...those MM's are laugh a minute aren't they..
Thats what I show as the close ... $3.84 up a $1.04 and 94,800 shares...nice day for TOVC longs...
The stock is back filling nicely this afternoon...
People must be doing some of their own math on the explosive upward potential of TOVC...
UBS on both ends of the bid and ask....
...why is it that when this stock starts to run, historically UBS steps in to seemingly control the momentum and spread...?
Did somebody say short....
Allnumbers....
To add to your numbers scenario, the beauty of multiples in the stock market, if you take your revenue numbers for the estimated low end on 40,000 vehicles and estimate say $150 profit per CV Joint, Thats a profit of $48 million, which is about $1.50 per share...the market multiple for a stock like this might be 8 to 10 times earnings making TOVC share price $12 to $15 on one deal using the low end estimates...some could say that it hasn't happened yet....they would be correct....I say, but what if it does....?
Now add othe tech deals, add the higher end of the MRAP estimate , etc etc etc ... and you come up with a big number for the share price...
Another well stated view Artguy..
I don't know how this all ends, but I predict happy times for the longs.....
Does Torvec have a seat belt patent...? LOL
Like the numbers allnumbers...
At that is just for one potential deal on one product...I hope people start to understnd how a stock like Torvec's can go from essentially zero to huge in one announcement, let alone several of these scenarios coming to fruition...
This investment, in my opinion, is now low risk for me vs. 4 or 5 years ago...
gesundheidt...
No kidding...
...and that was only what they could tell us....
There is ALOT to digest in the CEO update...
It looks like it's been a busy time at Torvec..I need to read it a few more times to to get my arms around everything...
THIS really got my attention....
"discussions with a large military contractor to supply it with our CV Joints under the Department of Defense’s program to develop the Joint Light Tactical Vehicle, a vehicle designed to replace the Humvee as the military’s vehicle of choice for the 21 st century battlefield (MRAP vs. JLTV & JLTV Detailed Info). The initial procurement under the program is estimated to be approximately 40,000 vehicles, with up to 160,000 vehicles called for under the life of the program. A minimum of 8 CV Joints are required for each vehicle, with minimum prices of $500 or more per CV Joint. The contractor chose the company’s constant velocity joint technology because the technology increases the vehicle’s ground clearance, thereby enabling it to better withstand roadside bombs."
Can anyone do the quick math on 160,000 MRAPS times 8 CV joints per vehicle at a minimum of $500 each....I believe it's several hundred million bucks...Whooo boy...
Need to digest this update in detail...
It's out Dino...copied below....
Message from the CEO
August 7, 2007
Dear Shareholders,
This summer has been an extraordinarily active one for us at Torvec.
As I have repeatedly explained to our shareholders, Torvec is following a parallel path to commercialize our products so that we increase shareholder wealth. First, our long-term strategy has been and continues to be positioning the company for sale at a price that is reasonable, equitable and based upon a fair value for all of the company’s technologies.
In furtherance of this strategy and as a means to increase the value of the company, we also are proceeding to prepare ourselves to go into production of certain of our products, namely our IsoTorque differential and our constant velocity joints. We made this decision in concert with a number of OEMs and first-tier suppliers who recently have expressed interest in entering into joint venture relationships with us or have asked us whether we would be willing to supply them IsoTorque differentials and CV Joints.
Torvec therefore will be moving in mid-to late September into a newly refurbished facility with over 13,000 sq.ft. of manufacturing space with the ability to lease an additional 7,000 sq.ft. when and if we need it. We also will be moving our offices from Powder Mills Office Park to the new facility so the entire Torvec team will be under one roof for the first time in our history.
Specifically, we are in discussions with a large military contractor to supply it with our CV Joints under the Department of Defense’s program to develop the Joint Light Tactical Vehicle, a vehicle designed to replace the Humvee as the military’s vehicle of choice for the 21 st century battlefield (MRAP vs. JLTV & JLTV Detailed Info). The initial procurement under the program is estimated to be approximately 40,000 vehicles, with up to 160,000 vehicles called for under the life of the program. A minimum of 8 CV Joints are required for each vehicle, with minimum prices of $500 or more per CV Joint. The contractor chose the company’s constant velocity joint technology because the technology increases the vehicle’s ground clearance, thereby enabling it to better withstand roadside bombs.
A U.S-based. manufacturer of construction vehicles recently visited us to review our IsoTorque differential, CV Joint, tracked steering, hydraulic pumps and motors, infinitely variable transmission and FTV technologies. After actual demonstrations of operating hardware for each of these technologies, we centered our discussions on the manufacturer or its foreign parent providing investment capital to Torvec to facilitate Torvec’s production and sale of our differentials, CV Joints FTVs and a number of other technologies under an exclusive supply contract to meet the manufacturer’s annual requirements. Currently, the manufacturer’s sales are in the billions. Both of us believe Torvec’s technologies would significantly increase the manufacturer’s market share.
One of the nation’s largest automotive companies has requested us to enter into a working arrangement to furnish it with a specially-designed, production ready full terrain vehicle which would be integrated into that company’s existing fleet of cab-over trucks. The automotive company is shipping its latest cab-over truck to us for creation of the next generation FTV. The automotive company has indicated to us that its marketing plans for the FTV will initially consist of the entire North American market.
I should point out here that adjacent to our new facility is approximately 30 acres which we intend to utilize for testing and showcasing of our technologies. The availability of this acreage will be of great benefit as we move forward on these projects.
A California manufacturer of hybrid metropolitan buses has requested we design our constant velocity joint technology for installation in that manufacturer’s newly designed buses since our CV Joint technology is the only technology available to solve the high angle drive shaft problem created by their new design.
Our Chicago-based “green” initiative continues unabated. The City has furnished us with the specifications and requirements to specially design our infinitely variable transmission for installation in a ¾ ton F-250 vehicle which forms the backbone of the City’s utility and service vehicles. We have informed the City that actual installation of the transmission in the vehicle will take place at our new manufacturing facility.
We have been informed that the Mayor of Chicago’s sister-city, Shanghai, China, as well as the Commerce Department of the national Chinese government is pressing to become involved in the project, perhaps with a view to have the transmissions built in China by Shanghai Automotive. In some respects, this overture dovetails with our own Chinese initiatives. However, details regarding the exact level and nature of the potential Chinese involvement have not been communicated to us as yet and, most importantly for our shareholders, details regarding the monetary commitment of either the City of Shanghai and/or the Chinese government itself have not been clarified. Obviously, we will keep you informed as events move forward.
We have received a formal contract from Impact Engineering for a joint venture in integrating our transmission in the hydraulic accumulator system Impact Engineering has developed under a federal grant. Impact Engineering has also sent us a diesel, crew-cab F-350 truck for this purpose. While the project is intriguing and while Impact has acknowledged to us that they approached us precisely because our transmission technology alone could solve hurdles they to date have been unable to overcome, the dollars available to Torvec under the current federal grant simply are not adequate. This is especially the case given the risks Torvec might run in protecting any commercially viable products generated by the project due to government funding.
The jury is still out on this one but I doubt we will be pursuing this project unless the funding issue is resolved.
Of course, you should all be aware by now that we are deeply involved with NASA in the development of that agency’s first generation lunar rover for the planned return to the moon. We recently shipped and were paid by NASA for seven IsoTorque differentials and we will be shipping modified transmissions to them by the end of September.
While I am discussing NASA, I can not understand why some wish to minimize the significance of our participation in this project. The fact that the world’s greatest space agency chose Torvec’s transmission and differential technology is an event in which we all should take pride. The fact that the technology has performed flawlessly is again rather priceless. We have received numerous first-hand reports that our involvement with NASA has silenced some of our most vociferous critics in the auto industry. One day, all the world will once again focus on the moon – and it will be Torvec’s technology that will be basking in the glow from our stellar companion.
Two final points. First, I have and I will continue to tell you everything about our ongoing activities to the extent I am legally able. I am not hiding behind a jurist’s cloak--- just ask the Enron executives, the Qwest Communications people or Martha Stewart. We are bound by legally enforceable confidentiality agreements (for example, we signed four in one day last week) and think about this---what company would be willing to talk to us if they feared we would violate a confidentiality agreement we signed with them?
Secondly, we have not abandoned our stated intention to immediately apply for listing with NASDAQ as soon as any one of these arrangements, or any other that may develop in the future, becomes finalized in an agreement. We believe such a listing will greatly enhance the visibility and liquidity of our stock and, at the same time, immunize it from organized “short-selling” and the adverse impact that market makers have on the price of our stock..
I trust I will be able to tell you much more in the near future. Until then, remember we have no intention of failing.
Sincerely,
James Gleasman
CEO
Many of the answers you seek...
..are to questions that couldn't possibly be answered by anyone on this forum...have you ever in all the time you have been an investor in Torvec called the company to speak with any of them....a number of people here have, myself included....they might be able to help you clear up some of the things you are either confused about or possibly mis-interpreting...call Torvec..
People might be more willing to interact with you and discuss things with you if you were not trying to pick apart their every word ...it's kind of annoying frankly...sorry..
allnumbers...
Artguy is referring to information that has been released via the shareholder meeting, filings and CEO updates....and there has been alot of it...
I know that you know that....
That got my attention.....
A couple of obsevations on the patent topic....
It doesn't appear that the bill has passed....am i correct on that? I would imagine that a pretty strong lobbying effort against it would develop...
In addition to the patents, which I beleive Torvec files on a worldwide basis for all of their tech, they have confidentiality agreements and/or non-disclosure agreements executed by anyone or any company that examines their technology, providing another level of deterent to the "theft" of the technology.......doesn't mean it wouldn't be attempted, but certainly provides an additional deterent to that behavior. I would imagine that there are alot of comapnies out there that are small, with limited resources, that file patent protection in limited geopraphies, leaving themselves more vulnerable to foreign piracy....Torvec seems to have taken the worldwide patent route from the start perhaps with all of this in mind...
It is a crazy world......
Another Amen....
Thanks for all you do on this forum dread...
I'm sure your arms get tired flying this thing and many here appreciate your efforts....enjoy your R&R
Amen...
Floor 20 please....LOL
The MM's are having a nice morning....volume and a nice juicy spread....
I'm a "Glass half full" guy....
I could commiserate(sp) about how long things take, but they are still going to take as long as they take....it all comes down to two things for me....one - do they have the goods? I say they do....two - Is the team of people that is running Torvec today going to deliver the goods? I say they will.....
For me it's that simple....if the answer to either above is no, I either sell or don't buy in the first place...the only thing that is different than I thought is the time line..that part is excrutiating....I bought more today because my answer to both questions is yes and the upside from $2.50 in my opinion is going to be big, making the time value of the money I have had in this stock work out very well....