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Threw the baby out with the bath water(GILD/Congress news)
I like BIIB here at the discount. Bought a starter position today at 286.50.
Dino
johnups, you are right with your decision to wait to buy IMO. I believe 30 cents or low 30's.
My last purchases were in the mid 70's on the China deal news. I wish I hadn't bought back then. But then again in retrospect, I wish I had never heard the name Torvec.
Life is good, Torvec is depressing.....
Dino
31,000 shares sold .44 no vote of confidence...After the dilution at 20 cents I am surprised we are not lower.
Dino
AH shares that were traded below closing price were minimal.Sure to see some downside at the open.IMO it will just equate to some profit taking after the run up the past few days. If one is in for the long term, no problem.
Dino
Reuters) - Standard & Poor's cut Brazil's sovereign debt rating closer to speculative territory on Monday in a blow to President Dilma Rousseff, whose efforts to stir the economy from a years-long slump have eroded the country's finances.
Brazil had its long-term debt rating downgraded to BBB minus, the agency's lowest investment-grade rating. S&P changed its outlook to stable from negative, meaning further downgrades are unlikely for now, which will come as a relief for both politicians in Brasilia and financial markets.
The move was widely expected but the timing surprised some investors.
As it came ahead of an October election in which Rousseff will seek a second term, the downgrade will expose her left-leaning government to further accusations that it has squandered the goodwill built during a long economic boom last decade.
Brazil has suffered from slow growth that averaged about 2 percent in recent years. Rousseff has tried to revive the economy with tax cuts and social spending but has been widely criticized for intervening too much and resorting to sometimes opaque accounting moves to meet budget targets.
"The downgrade reflects the combination of fiscal slippage, the prospect that fiscal execution will remain weak amid subdued growth in the coming years, a constrained ability to adjust policy ahead of the October presidential elections, and some weakening in Brazil's external accounts," S&P said.
The agency said that fiscal credibility had been "systematically weakened" following cuts in the government's main budget target, and that loans by state-run banks had "undermined policy credibility and transparency."
A central bank spokesman declined comment on the downgrade. A spokesman for Rousseff referred comment to the finance ministry, which did not immediately respond to phone calls.
The short-term effect of the move on financial markets was unclear, analysts said. Some investors could sell Brazilian assets because of policies forcing them to hold higher-quality stocks and bonds, while others may focus on the fact that S&P is unlikely to downgrade Brazil any further.
However, S&P's move could prompt peers Moody's Investors Service and Fitch Ratings to signal they may follow with a downgrade of their own.
"The natural tendency for markets tomorrow is the fear that there could be a chain reaction and other agencies may do the same," said Ariovaldo Santos, manager of floating-rate assets at H.Commcor in Sao Paulo.
Rousseff's government has worked to restore its credibility on budget targets in recent months, but investors are worried that she will resort to more unorthodox accounting moves and raise spending as she seeks re-election
I'm sorry for my misleading post, you're right Jay. Old age setting in on me. No quarterly report is due out in February.
Dino
Where the heck is the quarterly report release? Not that it matters much, but I like a little something to feed off while I am watching the paint dry here.
Not long before the 2014 annual meeting.
Dino
Could be Knot.....
Like I said, just my opinion that we have/had durability issues for use on heavy construction equipment with the hydralic pump.
If it makes any shareholder feel better, I had asked Management this question and was told there is not an issue.
Dino
In my opinion Torvec has/had a major/minor set back with the durability of the prototype punp for (CAT) construction equipment.
My reasoning
1.Expert Thomas Labus agreement extention is to fix the problems.
2.Stock price drop from .78 to.30 after the China ISO agreement was announced.
3.The last CEO message push was only all about the gaining of traction with the ISO-TORQUE.
4.I remember the CEO message proclaiming what an exciting year 2013 was going to be for Torvec.
Just a different thought from these rosy expectations some of us shareholders of Torvec hold.
Life is good,
Dino
Pardon any puns but was this a real CEO update or is this just some kind of a joke hacked into my computer?
<< I am starting to feel some traction (pardon the pun) for our differential due to excitement generated from recent sales calls we have made. As always I caution against too much optimism because customer excitement is a long way from a customer purchase...
My too much optimism is long gone along with my 1.2 million dollars "invested" in Torvec, if this is the best we have.
Life is good,
Dino
The CEO wants to crack a joke.....LOL
here is a joke for yoU... T O R V E C.
I really wonder how many shareholders are laughing or smiling about Torvec today.
January 2013
Dear Shareholders,
As you know we have started to sell the Isotorque® differential into the automobile after-market. With limited effort, we have received orders for approximately 40 units for high powered Corvettes and Camaros. This along with feedback we have received makes us confident that we have a very salable product.
We are still working to improve our high-impact durability with the Isotorque differential and although we are now at a point where we feel there will be no problems under “normal” use, we are not the best we can be. We feel that if we are going to be a world class company our product has to be world class in every way,,,,, blah blah blah
Dino
January 2013 (I bought more shares upon this release)
Dear Shareholders,
As you know we have started to sell the Isotorque® differential into the automobile after-market. With limited effort, we have received orders for approximately 40 units for high powered Corvettes and Camaros. This along with feedback we have received makes us confident that we have a very salable product.
We are still working to improve our high-impact durability with the Isotorque differential and although we are now at a point where we feel there will be no problems under “normal” use, we are not the best we can be. We feel that if we are going to be a world class company our product has to be world class in every way. For that reason we have decided not to ship our differentials until we are completely satisfied with the product.
As mentioned before we are confident that there is nothing in the marketplace that can compete with Isotorque’s performance and safety. We must also make it the most dependable.
As you, we are very frustrated with the time it is taking to solve this problem. Our goal is to have a design solution within the next 90 days.
In the meantime we have sent 2 Isotorques to a large OEM for baseline comparison testing for performance along with other differentials. They are also waiting for our improved design to start their platform testing. As I have said before, we have a great deal of interest from many companies.
As soon as we complete our work on the present IsoTorque incarnation, we will start our front wheel drive development in earnest as well as designing other sizes for rear wheel drive applications.
We are pleased to have announced that Torvec has entered into a development agreement with Chinese automotive manufacturer, BAIC Motor Co., Ltd. Under the agreement, BAIC Motor Co., Ltd. will pay Torvec to manufacture a number of prototypes of its IsoTorque® differential for one of BAIC’s anticipated future car models. Torvec will supply BAIC with these prototypes for its evaluation and testing.
BAIC Motor Co., Ltd. operates as a subsidiary of Beijing Automotive Industry Holding Co., Ltd, the fifth-largest carmaker in China in terms of sales. BAIC Motor Co., Ltd manufactures passenger cars and off-road vehicles for the Chinese market. Its parent company, Beijing Automotive Industry Holding Co., Ltd. has made successful joint venture partnerships with Hyundai Motor and Daimler AG.
Under the agreement, BAIC will furnish Torvec with specifications, drawings, differential housings and will pay Torvec to manufacture prototype IsoTorques for a specific vehicle application.
This is a great opportunity for Torvec to work with an established auto manufacturer in the world’s largest automotive market. It is also a great opportunity for BAIC to adopt this outstanding technology.
Our new Torvec hydraulic pump is on schedule. Along with our consultant and new board member, Tom Labus, we are making great strides. We have built our own testing facility for initial testing, which would have otherwise taken place at a third party testing facility, and we are pleased with the test results we have achieved to date. We hope to go to our independent testing facility for full testing within the next 6 to 9 months. Again, this is “world changing” innovative technology that we feel is going to be a great product for Torvec.
We are in hopes that 2013 will be a break out year for Torvec and we will finally be on our way to meaningful sales and revenue. Going through this many times before, I have learned the importance of patience. But it is still difficult for me. I more than appreciate how it is for the long time shareholders. This would be fairly common and natural if we were a 2 year old company. However we are a 15 year old company. We are very aware of this.
Please be assured we are doing everything we can to create these incredible products as fast as possible.
Sincerely,
Richard A. Kaplan
Hi Sammy(no disrespect intended) what you feel is well stated I find to be painfull irrelevent dribble.
Many of Torvec investors are and have been "in for the long haul" and have no way of knowing "those days are behind us."
We have had nothing to do but look forward for years and years and certainly had no control of changing Torvec's past.
"I am in for the long haul"
"those days are behind us"
"Maybe it's time to start looking forward and stop trying to change the past"
--------------------------------------------------------------------------------
Gary Siconolfi was the person who pursued and got Dick Kaplan for Torvec, after JG stepped down. I am sure he could care less if he receives the credit, he just wants to see a return on his money and Torvec succeed, just like the rest of us
Dino
Interesting, a 25,000 share trade at 95 cents. eom
Well said zendo....
Life is good, Merry Christmas Cara Mia
Dino
I appreciate your post KNOTBAD eom.....
How is this even an issue, KNOTBAD's posts are made on a public message board.
Dino
With the scenario you create I agree it would be best to resist selling today and wait for a higher price later in the week.
Some poor b sold their shares at 1.20 this morning.
Life is good,
Dino
I have no idea eom...
Dino
I did not notice you present during my many conversations with Keith or Jim Gleasman? Perhaps you can file me under disgruntled shareholder, and that will make everything unsaid or true again.
Blue you are certainly entitled to your opinion about Keith. No one put a gun to my head.
Dino
I am just not willing to give Keith Gleasman a free pass. If I were to start pointing fingers, I would have to equally point to him as well as his brother, for the misrepresentations laid out before the shareholders.
Dino
It is hard to put a smile on it Sammy.
Sammy B Friday, May 13, 2011 7:40:24 PM
Re: Dino1717 post# 21644 Post # of 21660
Yawnnnnn ... same ole, same ole ... testing, develop relationships, revolutionary, yada, yada, yada ... :(
Kieth Gleasman and Jim Gleasman.... I know I am guilty of believing too much of what they said to me. I do believe I make it out of the woods some year in spite of that.
Dino
May 12, 2011 CEO UPDATE (Sorry if this was already posted here yesterday. I turned the noise off by putting a couple of posters on ignore.)
Torvec is focusing on productizing two of its core technologies: the IsoTorque® differential and the Rota-Torque™ hydraulic pump. Preliminary discussions with prospective customers of both products have created much excitement, anticipation and positive feedback.
We have completed our own internal performance tests of the IsoTorque differential. Various automakers now have IsoTorque differentials in their possession for their evaluation purposes in both rear wheel and front wheel drive applications. We are anticipating positive feedback from the testing over the next several months as we jointly work to bring the IsoTorque to the showroom floor. It is customary for this process (initial evaluation, durability, platform selection, platform integration, platform manufacturing and then showroom floor) to take anywhere between 12 to 30 months. We are also pursuing additional customers and markets that have a much faster product development cycle.
We are finalizing the selection of a prominent, independent testing university to test and to evaluate our Rota-Torque™ hydraulic pump. This will enable us to collect and provide the necessary specifications to continue, and eventually complete, our development and sales process. We expect to have initial test results within 3 to 4 months.
Torvec has also just signed Non-Disclosure Agreements (NDA) with two prominent Chinese manufacturers. These NDA’s will allow us to develop relationships that will advance our technology and products further and faster into the world’s largest market.
Since October 2010, we have worked very hard to focus our efforts to evolve these two core technologies into revolutionary new products. These events are very important milestones in that process.
Sincerely,
Richard A. Kaplan
Chief Executive Officer
Torvec, Inc.
Good morning KNOT.........
Thanks for your perspective on my posts.
By the way lol morning doesn't end for me until 4 pm. Then it's lunch time.
Life is good......
Dino
I would have thought someone posting they saw Tom Golisano at Torvec would be a topic of discussion here.
Is it really true? Could the poster have been mistaken? What are the possible outcomes of his being there?
But, instead the constant lame childest post replys
attacking/accusing the poster.
I find it exciting, if true, that Tom Golisano was seen at Torvec headquarters.
Dino
I guess upon reflection of my post to you Tciaravino, I was probing for a reaction.
Upon your belief, you may agree it is rather coincidental to have seen Tom Golisano, while just happening to drive past Torvec.
Dino
Tciaravino, are you buying here because of your "chance" sighting? I wish you had the market cornered on being a "long time frustrated investor." I am with you there.
1.17 0.14 (13.59%)
Volume: 6,500
Day's Range
1.15 - 1.18
Dino
Hydraulic pumps plus Torvec will equal Happiness for shareholder.
Old Chinese proverb: steady drip of water will split stone
Dino
Hi KNOT,
A concern is when those 30cent 6 month restricted shares become unstricted. Hopefully there will be news to entice holding for larger gains and not cashing in. Otherwise, buying opportunity for believers.
Dino
Bonadio Group cited in magazine list
11:39 AM, Mar. 21, 2011
Written by
Jeffrey Blackwell
The Bonadio Group, an accounting, consulting and financial service with offices in Rochester, Buffalo, Syracuse, Albany, Geneva and Perry, was among the nation’s top tax and accounting firms ranked in the 2011 Top 100 Firms by trade magazine Accounting Today.
The program salutes the nation’s top revenue-producing CPA practices. The Bonadio Group made their debut on the Top 100 list in 2007, ranking 99th overall. The firm ranked 70th on the list this year, moving up a spot from last year, and 29 spots in the past five years.
The Bonadio Group continued to grow despite the poor economy, with projected 2010 revenues up more than 5 percent. The increase is largely attributed to the firm’s focus on expanding its expertise in both its small business and tax-exempt divisions by hiring partners from outside of the firm. Over the past year, The Bonadio Group also launched its Personal CFO service, offered to clients through the company’s Bonadio Wealth Advisors team.
“Many CPA firms struggled last year, but we tried to refocus our efforts on increasing the quality of service we provide our clients by launching new services and creating a more efficient management system, in order to ensure our continued growth,” said Thomas Bonadio, managing partner, CEO, The Bonadio Group. “Out of nearly 50,000 CPA firms in the country, we are ranked 70th, and we attribute the honor to the drive and loyalty of our people.”
JBLACKWELL@DemocratandChronicle.com
Feb 10, 2011 1.40 1.40 1.35 1.38 127,700 1.38
Feb 9, 2011 1.35 1.39 1.35 1.35 9,700 1.35
Feb 8, 2011 1.35 1.39 1.32 1.35 8,600 1.35
Feb 7, 2011 1.35 1.35 1.30 1.35 8,800 1.35
Feb 4, 2011 1.35 1.35 1.31 1.31 4,700 1.31
Feb 3, 2011 1.31 1.39 1.30 1.35 22,900 1.35
Feb 2, 2011 1.30 1.30 1.25 1.25 16,700 1.25
Feb 1, 2011 1.26 1.40 1.25 1.36 5,300 1.36
Jan 31, 2011 1.47 1.50 1.12 1.35 179,500 1.35
Jan 28, 2011 1.86 1.95 1.33 1.45 88,200 1.45
Jan 27, 2011 1.60 1.90 1.60 1.84 156,100 1.84
Jan 26, 2011 1.50 1.60 1.45 1.58 56,600 1.58
Jan 25, 2011 1.36 1.40 1.30 1.40 26,800 1.40
Jan 24, 2011 1.38 1.38 1.25 1.35 16,400 1.35
Jan 21, 2011 1.27 1.30 1.25 1.30 11,800 1.30
Jan 20, 2011 1.26 1.33 1.25 1.27 23,400 1.27
Jan 19, 2011 1.30 1.40 1.25 1.25 30,500 1.25
Jan 18, 2011 1.40 1.40 1.25 1.25 33,500 1.25
Jan 14, 2011 1.27 1.45 1.26 1.40 43,900 1.40
Jan 13, 2011 1.27 1.28 1.25 1.25 103,700 1.25
Jan 12, 2011 1.29 1.29 1.26 1.27 5,000 1.27
Jan 11, 2011 1.27 1.33 1.25 1.25 44,400 1.25
Jan 10, 2011 1.30 1.30 1.27 1.30 12,200 1.30
Jan 7, 2011 1.29 1.35 1.29 1.30 11,800 1.30
Jan 6, 2011 1.27 1.31 1.27 1.27 11,700 1.27
Jan 5, 2011 1.40 1.40 1.26 1.26 7,400 1.26
Jan 4, 2011 1.31 1.40 1.31 1.40 24,600 1.40
Jan 3, 2011 1.29 1.49 1.29 1.36 27,900 1.36
Dec 31, 2010 1.29 1.30 1.25 1.29 31,000 1.29
Aryguy, if that is the reason "but everyone is looking forward to new approaches and avenues for Torvec".
I still stand by my opinion.
Dino
dabreeze 1.45 -0.39 (-21.20%) eom...
Shame on Torvec executives for not acknowledging at this years meeting, the passing of Vernon's son and former CEO of Torvec, James Gleasman.
Dino
December 30, 2010 CEO UPDATE
Dear Torvec Shareholders,
Emerson said “Build a better mouse trap and the world will beat a path to your door.” Obviously, Emerson never started a business.
In my first three months, I have come to believe that Torvec has built and possesses incredible technologies. But as you well know, that has not been enough, again showing that Emerson was wrong.
At our last all-staff meeting we spent about three hours creating our Mission and Vision statements and our corporate imperatives. I would like to share them with you.
Mission Statement
Torvec will become the most innovative, inventive, and customer focused powertrain engineering and marketing company in the world.
Vision Statement
Torvec will commercialize exceptional technology into focused product lines that add great value and exceed customers’ expectations, in a high growth and profitable manner.
Corporate Imperatives
1. Customer Focus
2. Quality
3. Creativity
4. Growth
5. Profit / Cash Flow / Value Creation
6. Have Fun
From these words will, and have, come actions to start our journey to success.
We have narrowed our focus to two initial products: our IsoTorque® differential and our hydraulic pump system. Each of these technologies possesses the potential for tremendous growth and profit. Our engineers are confident that these can be productized (made ready for sale) in the near to mid future. I can tell you our new focus has produced some real breakthroughs to those ends. (Thank you to Joe McMahon, Keith Gleasman and crew.)
We are presently talking to many potential customers who have expressed great excitement about these products. But as any business person knows, there is a huge difference between excitement and buying. That being said, I am getting more and more confident everyday that we really do have some “world changing” things going on here.
I look forward to seeing many of you at our shareholders meeting January 27th, 2011 and elaborating on our activities.
I wish each of you a happy and healthy New Year and again thank you for your confidence, patience and trust in Torvec.
Sincerely,
Richard A. Kaplan
Chief Executive Officer
Torvec, Inc.
Poor grammar fadeaway, or just misleading??? I read English just fine. You are entitled to your opinion, not your own facts.
Here is THE SENTENCE you wrote. "The old Panorama property which went belly up when he lost the dealership and his home."
Again that is a sentence and is misleading. Use a comma next time and tell me how he "lost" the dealership.
Dino
As a shareholder of Torvec I must make a correction to Post# 20694 The information provided in this post is a huge disservice to the company, and also misleading to its shareholders.
The Chairman of the Board of Directors of Torvec, while retaining ownership of his property, sold the Dodge dealership. He did not lose the dealership or has he ever lost his home.
Spending this Holiday Season without the Matriarch of their family, my sincere thoughts go out to the Siconolfi family. I too have lost my Mother and my Brother this year and realize how difficult a time this can be.
Life is good,
Dino
<< "Dino has been counting the days like it was a count down to Christmas!" >> No correlation whatsoever... but
Going forward I will limit my participation on this site, like other posters who post infrequently, so a childlike atmosphere with adult posters can be maintained.LOL....
BEST WISHES TORVEC SHAREHOLDERS...
Prices
Date Open High Low Close Volume Adj Close*
Nov 2, 2010 2.35 3.64 2.26 2.94 227,300 2.94
Nov 1, 2010 1.90 2.44 1.90 2.34 143,300 2.34
Oct 29, 2010 1.90 2.16 1.88 2.01 139,100 2.01
Oct 28, 2010 1.85 1.98 1.80 1.96 131,600 1.96
Oct 27, 2010 1.74 1.79 1.56 1.79 119,300 1.79
Oct 26, 2010 1.38 1.70 1.38 1.66 77,600 1.66
Oct 25, 2010 1.20 1.45 1.20 1.40 41,800 1.40
Oct 22, 2010 1.15 1.20 1.11 1.20 26,700 1.20
Oct 21, 2010 1.09 1.25 1.06 1.11 93,500 1.11
Oct 20, 2010 0.95 1.07 0.94 1.07 80,800 1.07
Oct 19, 2010 0.84 0.95 0.83 0.95 40,100 0.95
Oct 18, 2010 0.85 0.90 0.83 0.90 7,100 0.90
Oct 15, 2010 0.85 0.90 0.75 0.85 36,300 0.85
Oct 14, 2010 0.95 1.00 0.80 0.80 60,600 0.80