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From the Last Update...
<...will enable us to continue all our commercializing efforts with all of our other technologies-----including the FTV-Air Force program which we anticipate will shift into high gear after we ship the FTV, as modified in accordance with Air Force specific requests, back to Panama City in early February.>
Any educated guesses as to what "high gear" implies here.?? with respects to the FTV..Other than the technical endorsement how does the Air Force's interest translate into future customers for Torvec in potential markets like fire and rescue, homeland security, pipeline inspection etc etc..just welcome all thoughts..
Fairly sure you are right..
-that it is required annually- certainly seen
these/this 13G/A filing before..If something interesting were going on I wish JG would tell an Analyst or two..instead of us
butchers, bakers and candlestick makers...
( would any of them believe him is another question to debate)
< Get to the part immediately after he said, "Let's just say, hypothetically,........." >
LOL..That was spot on..
All done in the buying dept..
but no, I don't find it hard to believe-that
you are laying down a bit more.This is the
nature of a speculative investment and a
development stage company in general. I got here originally
via word of mouth from friend of my late father's who
was at one time the largest private shareholder..who always
told me.."Leitrim,( or my other more commonly known name) this stuff is gonna change the world"..In fairness to him he didn't say when or soon..!may we all feel a little like Drew Brees one of these days...and I will say it SOON...
FTV Shipped by Air...??
Maybe Air Force is picking up??? That's gotta be a few bucks
if we're shipping it Fed Ex or DHL !!! :)I'm cautious but like to see that things are happening- that there is movement..Interest, Money, Manpower, political support- we need alot of things to happen to help us... but if it creates demand against a limited supply then well I'm all for it however it happens...
I also appreciate your post
with thoughts about the Annual Meeting. I'm not surprised that the attendence was down somewhat, although it seems without fail that night is inevitably cold and blowing, as it was again this year. I also am glad that you continue to look for blue sky with respect to the monetization of this technology that we own. I also respect and appreciate the ongoing refinement and postioning of the technology with potential end users- Where I differ somewhat is your assessment that we are farther along that road.-10-12 a share and you would hear a tremendous sigh of relief coming from Bushnell's Basin- what you may hear from Mgt that gets you pumped about prospects/postions. I heard 5-6 years ago and as you point out that's when we were idling at $7 a share.....Yeh as you can see..got one tired swimmer- been to Ireland and back 4 times so it seems..It's cold and cloudy here and cold and cloudy there..I'm looking for Jim's sandy beach that he talked about in 03..
Yes but based on Meeting overview..
I am now short Phillip Morris
Toyoda ..
parent of Toyota -own Torsen line now..The auto company is in
bit of a quality mess right now- with both F and Gm looking at the ISO Torque..maybe this is good timing..?/ or maybe i'm allowing myself a little daydream here..?? Enjoy the Meeting Drive careful.
Leitrim
http://finance.yahoo.com/insurance/article/108698/toyota-heir-faces-crisis-at-the-wheel?mod=insurance-autos&sec=topStories&pos=3&asset=&ccode=
Have at it friend..
and best of luck.I'm staying home watching basketball. I can't endure another P.T. Barnum impersonation from the CEO.Only thing going to make me more comfortable with Torvec and it's prospects would have to be immediately noticeable in my Schwab trading account. I don't care what they have layed out on the tables in the back or the words on the powerpoint. No disrespect intended here - I think we're on the same page.
From what I've seen
in the last ten years the Primary purpose of Torvec's BOD is to present flowers..that's a lot of shares for a 1-800 Flowers gig.
It'll sound like the Superdome..??
don't forget your foam finger..
Hey Safe harbor or not..
I believed him..thought they had the goods..
still do think that- it is just unlocking the value..might not have it in him to get it done..They need help, partners, money, manpower.....and maybe some humility to accomplish what they have said in print and at previous meetings- that they were going to do
for shareholders..make us money..that is not a ridiculous charge for a sharehiolder to make to it's BOD..- heck it is downright American..!!!
< but have lost 50+% in a very very short time.>
by relative standards you're almost blessed in this company !
( I mean -v- losing a lot over a very long time !!!)
pray it's about all we have left...\
however,I put in the caveat I think the Almighty has his hands full with much bigger problems Than Torvec's inability to sell their technology.
Only wish I was joking!!
It's only $$ either way but I'm human
that Que Sera Sera mentality- I only visit
it I can't get there as a permanent state of mind..and I'm admittedly a knucklead..VG and sons invented a transmission
that burns 25 percent less diesel fuel in a
class three size delivery truck on a typical route and we can't seem to sell it to anybody..that puzzles me..??
What does UPS fed ex burn in fuel every year..
bet it is a big number...
It is not I...
about 12 months ago I entered a 12 Step Program to deal with "My Torvec problem.." In the First Step I admitted I was powerless over my Torvec stock buying and that My Financial Life had indeed become unmanageable ( as a direct result)..!!! I'm hoping to right this ship but I do not count on Torvec Share appreciation to play much of a part in this..If it did oh bliss...I have not been impressed with the Executive Team and the BOD as stewards of this investment..Oh well..live and learn..in hindsite I should have just bought a High end Harley and Gibson Les Paul..wouldda had alot more fun......................
So very true..
I'd be happy and relieved if just one of the 17 projects in
development led to a meaningful commercializing event..It would make all of this worthwhile- If I owed the CEO an amends for my shaky faith in his stewardship- I'd be happy to do so..in the meantime I'm munching on popcorn and yelling c'mon throw a stike already..
for some of us..
perhaps it is like going to a baseball game, rooting for your team but you get into an inning that your club can't seem to get out of- and you can't catch up unless you get some batters to the plate- ..forgive us for tracking pitch count- but our boy seems to have lost some velocity on his fastball and apparently his curveball can't find the plate.... an empty live- heck, I say I'm a faithful season ticket holder for over ten years and have invested alot of time and money to support my club..All I'm asking is give someone else the ball or for the owner to tell us How is the team gonna get turned around.. and when..
Ahh...the strong silent type..??
not me..go over a cliff..It's full volume...
AAAAAHHHHHHhhhhhhhhhh...............
That it...???
no pithy pertinent commentary to accompany that post???.sheesh..I think you did that just to have rights on Post # 18,000..:)
( has it been that long....... :)
Leitrim the Long
That doesn't mesh though
with what RIT's Destler said his excitement re a Board position was over job creation possibilities-I assumed for Rochester Region not in Shanghai..?I read recently that alot of the economic
buzz we're seeing in the DOW/Nasdaq recently rests in the hopes that USA is again morphing and may in fact be transitioning yet again as in past from Manufacturing to Distribution based to Service Economy then to Information based Economy back again to
Innovation and Technological Solutions..that's why I've held for so long as I have..I was always told TOVC has the answers to alot of the problems in the industry..Ok BOD make it happen ..If Industry gets back in stride and TOVC products are not a part of any resurgence- it gives credence to SULAX's point that the tech isn't as advertized or the plan didn't work or management couldn;t execute..I'm just happy the market has shown some upside..If TOVC could ever participate Oh man I'd be dancing a jig...
Plenty of stories
like that one over the years..TASR had a run over a two year period once that was mind blowing..then a few people kicked the bucket after involuntarily "sampling" their product line - personal injury attornies camped out in their parking lot and..reality set in.. I once owned a co called ANEN made good money on it but how do they say it the trick is knowing when to sell !!!!
Nice chatting with you last week..as always best of luck as the months and the years roll by...
Leitrim
Nope..
It was an employee..he mentioned that He and Jim were meeting the next day with new Venture Gear in Syracuse to discuss the merits of the at the time "brand new" Iso torque. Quite obviously I don't recall his name but the overview was hard to forget....I was so pulling for the guy not to puke or faint right in the middle of it..looking back- it was a red flag moment !!!!
Don't believe in them..
Class Actions Suits or Jim Gleasman..
" filled with "pretty sure" information"
sort of like CEO updates with this company..
My Best to Joe..
No but..
I am pretty sure that gent's name was Gary as well..not Gary S. but "another Gary" perhaps...Like I said real nice guy..I never said he worked at Panorama Dodge...That was on Dabreeze..
as far as the management's amusement(and Yes I know who said that to me and where and so does he..) with the board, Well I'm not surprised- there is some funny stuff posted here on occasion.
Much more so back when ATL was in the mix...What the 90 % of stuff I was refering to was the list that SULAX and Dread have mentioned many times in previous posts..you know..The Letter of Intent, Ford FTV,SAIC, City of Chicago, The Watershed etc etc ..the other 10 % The short conspiracy, the CXO connect the dots stuff got boring along time ago...they probably miss those days-something to take the heat off of a plummeting stock price and no sales despite some pretty prolific pontificating along the way...
You can make a case
that 90% of the misinformation about Torvec bandied about here originates FROM Torvec..As far as the motivation I invest to try and make a return- I'm not a short seller on any issue as I'm philosophically at odds with that strategy ( more vulture than hawk ya know) and it's even riskier on a development stage company where the data is light and there's more speculation..I think most if not everybody here will be delighted if Torvec
"manufactures real products to real people" . P.s I'll save you the post.I know you could care less what my opinion is you seem aligned with the company's overall tone and tenor..ya know "sit down in the back of the bus and shut up"
I recall that Meeting..
That was so uncomfortable- he was having a full blown anxiety attack right in the middle of the history of the Torsen. Steenburgh tried to rally around him but it wasn't saveable ..I remember talking to the guy a meeting or two later in the back of the room ( the meeting where they had the Nasa patches on display). He was a nice guy just over his head in what was being asked of him....which for all intents and purposes was to read a powerpoint presentation outloud in a public setting..not everybody's cup of tea...
Agree..
performance- granted in a very fluid and difficult environment is the bone of contention-..Bernie Madoff had intent to defraud -Jim G only makes money if we do..I just wish he would and soon...Heck I'm 48 he's 70...figure he:'d want to kick back and have some fun..listening to us piss and moan that's gotta get old...?? Heck it ran Torvecian and Artguy outta here !!!
< as long as Jim is left with what he deserves: nothing >
that won't happen is all I'm saying- their D&O carrier would pay 10 cents on the dollar- maybe there is some indemnification where Directors have signed on too but I would bet the "highly speculative" nature of this protects them and that they know it in my opinion.
RIT's Destler wouldn't buy into this and lead with his chin if he thought he could be personally liable to pay out..If nothing else they have a credibility problem with atleast a few shareholders..Do they care?? based on my observations of the current CEO--nahh probably not..I was told they laugh at how misguided posters on this board are..at 30-50 cents a share not sure what's so funny......??
I voted No on the survey..
and even if there were one instituted ( a Class Action) I would
not bother..why? truly the only ones who really stand to gain anything are the plaintiff attorneys- they get paid; shareholders rarely see anything..ask an Enron or Worldcom investor/retiree. I think the "forward looking safe harbor" speak pretty much protects a start up corp- go back and read the prospectus closely..That said, I won't vote the slate again..performed like the Bills Coaching staff-treat em like that...but we still have Ralph and it's his team ya know???...oh the parallels between business and football: truly endless..which reminds me didn't Jim say it was "first and goal about 5 years ago.."( anybody remember if he said what goal line we're on..ours or theirs??? )
Happy New Year Longs..nobody left short at 30 cents I hope..that ain't a whole lot of blue sky to work with ...???
It's about disconnect..
what he says in writing and in public to the shareholders
does not mesh- historically..Then you have reasonable, intelligent business people like Sullivan, Rizzo, Bickel et al that don't seem to be able or willing to - maybe control is too strong of a word, but maybe temper the expectations by pulling him aside and saying 'ya know you really shouldn't say that/ lay this out at this point'??(refering to the points SULAX mentions in his post) "Is that a reasonable snapshot of where the company stands at this point.." Cause I think he was hoping alot of what he has said to date would materialize but it hasn't. Keith got very upset years back when he thought the integrity of the Family was in question and that the shareholders needed to "be
protected from the Gleasmans. It's not personal- atleast not with me..It is about an investment where I thought I had the opportunity to make alot of money and 10 years later I've lost..That on me for sure that is business, risk etc..but it's not all on me..I believed in what the CEO was telling us and I believed in the governance that an active engaged BOD provides it's shareholders..He has been unable to commercialize the technology.There is a whole host of reasons- but it is what it is and that is 35 cents at the moment..anybody happy about that love to know why..
Nope..
he lost me at 'the watershed'....
wonder what question DR is being spoon fed to ask this year..??
This may be the first time
I've ever seen an 8-K that announces a "Sugar Daddy"( Director Of Capital Initiatives) I'm grateful- I think we need a few new ones- but is this how it is going to go..money, than an order for atleast one of the technologies?? or an order or multiple orders then source the money..or is it going on simultaneously??..If it were there would have to be other 8-K's so nothing material has occurred- so I may have answered my own question.
I suppose I could go the Annual Meeting raise my hand and ask- yet my head and heart tell me it will not be any different than the last 8 I've been to..moreover, I would not believe what I would hear so I'll stay home and be content to read the filings..What I've heard over the years both publically and all the stuff over on the "laundry line" have never materialized-not even a single time. Then what happens to you for paying attention and keeping score???.ask Dread...
Good post..
# 4 ( securing financing/funding to operate the business plan) is also a critical factor as well to the underperformance of this play the last ten years. I recall once them saying they would hire a CFO once they were ready to commercialize the technology. I guess with JG still carrying the Interim CFO title as well- that is another sign - along with no major increase in volume speculative to a/any deal on the horizon, that amplifies feeling of being stuck instead of being part of a "special club"..??
Despite this malaise, I hope everybody enjoys the Christmas season and has a Happy New Year.
Atleast the Dow/S&P
are temporarily tracking in the right direction ??
It is some comfort when one has a significant chunk sitting idle like TOVC?!.here's to hoping ( and that's about all I can muster at this point-half hearted hope) this comes to be something other than my 2010 tax loss. No I'm not expecting rise based on concrete steps to commercialization- just maybe some news that gives way to a little irrationale exhuberance- slight bump so I
can wind down and get out ...
I would guess...
but there will be more prognostications no doubt to
stoke the masses with tales of explosive growth and pending wealth !!! that is as predictable as a couple of
put downs during the Q&A..??!!!
Regards to you Zendo...
Nope not yet..
and you can change JG's rap handle to .40 cent..
Anybody know if the 2nd generation FTV is out the door to the Air Force yet..and any specifics on how this is marketed to Fire fighting community(s)...With only one, would guess there are only so many demonstrations that can be done..?? with all the emphasis on job creation and advanced fuel technology -the dynamics now between the DOE, Industry, and the White House- Man if we can't get an entry soon into commercialization..when would it ever happen and why..?? not a rant or a whine it is a serious question...??? it is flooding money now for things that create jobs....If our goal is to be a threat to the status quo in Detroit and or to Toyota with the new transmission..why not right NOW...!!!???
Anything happen on that bill..
allnumbers???I don't recall any news from Senate-
so many things should be going positive(economic recovery underway,lending improving,tremendous labor availability, unprecendented atomosphere of change with in the industry) for torvec yet, from the outside it feels like they are stuck in the starting gate....
Obama eyes 'selective' use of bailout dollars
(hmmm helping "small to medium size business to get loans to create jobs hire workers......" get somebody on a plane JG!!!)
Obama: Bailout package cheaper than expected, 'selective' use of that money for jobs possible
By Ben Feller, Associated Press Writer
On 3:41 pm EST, Monday December 7, 2009
WASHINGTON (AP) -- President Barack Obama said Monday the massive federal bailout program for financial insititutions has turned out to be much less costly than expected and there may be ways to redirect some of the money toward creating new jobs.
AP -
Speaking in the Oval Office, Obama declined to say directly whether he would seek to redirect some of the repaid money from the $700 billion Troubled Asset Relief Program to jobs programs. He did say he would address the topic in an economic speech on Tuesday.
The president said the key question is determining whether the bailout money could be put toward selective job creation that meets the original intent of the law. He cited as an example directing bailout money to help small businesses get lending.
The president's comments came as Democratic leaders on Capitol Hill were looking to tap as much as $70 billion in unused funds from the Wall Street bailout to pay for new spending on roads and bridges and to save the jobs of firefighters, teachers and other public employees. Republican leaders are voicing strong opposition to that idea, saying all the money should go toward reducing the federal deficit.
In particular, Obama signaled that money from the $700 billion financial rescue program could be used as part of a jobs package for the purpose of helping small- and medium-sized businesses get loans to invest and ultimately to hire workers. Congress passed the Troubled Asset Relief Program in October 2008.
Obama will give a speech designed to flesh out his latest jobs-creation plan on Tuesday. He said he would address the use of bailout money at that time.
The Obama administration will lose $200 billion less than expected from the federal bailout program, according to a Treasury official who spoke on condition of anonymity because that new projection had not been released. That's down from the a $341 billion estimate of August. The lower estimate reflected faster repayments by big banks and less spending on some of the rescue programs as the financial sector recovered from its free fall more quickly than anticipated.
"TARP has turned out to be much cheaper than we had expected -- although not cheap," Obama said.
He said some of the money could be devoted to deficit reduction.
Obama spoke briefly on the economy during an Oval Office appearance with Turkish Prime Minister Recep Tayyip Erdogan.
Quick read..
from MSN...Nissan and Chrysler..in lousy shape (losing share..)..I thought Nissan was holding it's own..
Nissan loses its relevance
Chrysler's sales are dropping, but the big story in the US car industry is the increasing irrelevance of Nissan
The big news about November car sales is that Chrysler continues to lose market share at a remarkable and unsustainable rate.
Edmunds predicts that Chrysler sales will drop 35% from the same month last year, bring its piece of the U.S. market to 7.8%, down from 11.4% a year ago.
Chrysler’s new management insists the firm can survive for two years while it prepares Fiat models for the U.S. The boast gets harder to believe as each month passes. Chrysler is unlikely to have sold more than 55,000 vehicles last month.
The other important milestone in November may be that Nissan became the laggard among car companies in U.S. sales. Hyundai could move ahead of Nissan, as its total sales are expected to surge 26% to 43,000 units. Nissan sales are expected to be flat compared with last November, at about the same unit level as Hyundai.
Edmunds does not expect a significant change in sales for Ford (F), Toyota (TM), or GM compared to November 2008. Honda (HMC) sales are expected to drop 9%.
Edmunds expects total industry sales to be down 4% year-over-year and off 15% from October 2009.
Top Stocks writer Douglas A. McIntyre is an editor at 24/7 Wall St.