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They won't give up control
again-IMO whether it was to the benefit of shareholders or not. That is the benefit of what an independent Board of Directors may bring. I agree it is not your fault this is valued at 50 cents a share- nor is it Barack Obama's. They would get the credit and the glory if this turned out to be 1/4 the investment opportunity which they proposed in filings and at annual meetings-so this is the flip side of lofty expectations- accountability. We've never heard anything from the COB of this company other than handing Mrs Gleasman flowers once a year. He's got alot of sweat equity in this venture- what's going well?? what isn't working? where do we stand right now? straight talk..They need a new spokesman- perhaps a new strategic planner too cause the company seems really adrift.
Thanks for your post..
regretfully I think you are spot on..
yeh got it..
we're gonna get paid 28,000 to test our CV joint..our partner is a 2M dollar company in the hills of W va..( lovely country),and oh yeh.. it's gonna happen..
Thanks for sharing
there isn't a person
on this board who would be happier to pat you on the back and say congratulations "you were right all along" (and I will by the way) but to date your called shots are looking as good as the ten year chart. EOM
If history holds
We will never hear another word of this affliation...market knows it, and so do 90% of the posters here if they are awake..I know same old bashing same old negativity..I didn't start out this way if you remember..I recall seeing a presentation in 2001 at Casa Larga that in 2004 projected Torvec to be a $400 Million revenue manufacturing company. Now in 2009 we are striking partnerships with 2 Million dollar companies in rural West Va for $28,000 testing fee....anybody curious how our alliance with the company in Waterford Michigan is going that was testing the ITV..?? that was 2-3 years ago..If these are the guys "lined up at the door"..well I draw little hope of ever making a return on this investment..flame away you faithful longs..I am in for one reason I believe in the inherent value of Vernon Gleasman's portfolio of technology-only reason I'm in this after 10 years.
Wonder if he'll
conduct an updated survey on shareholder's target price this Annual Meeting for somebody to buy the company outright..???
not likely !!! If he does..somebody put me in for $10..
trading at 49 cents....
never even entertained a thought 11 years ago that this company would be at this level at this point in time..C'mon BOD fewer justifications, rationalizations and more answers-performance...this is nuts..
< Should we have to wait another four years for that? >
You will never, IMHO, get an acceptable answer on that in the Safe Harbor forward looking statement corporate world of ours, and frankly I wonder if our CEO and chief strategist has been reigned in somewhat by counsel after so many public winks and nods over the past 3-4 years particularly ( "no longer a development stage company", "self imposed quiet period", expecting to receive a "LOI anyday now"- there a many others if this list needs developing SULAX, Dread have posted before....
Have a Nice week..
showed us some of the
faces "lined up at the door" anyhow..
Never is a question of how good the diff is-It is how it gets in cars..and in fairness to them- they are trying to tell us I guess- same way as the Torsen did via the racetrack...The irony the cars keep getting faster but the pace to commercialize the tech and monetize the investment (again using their releases and comments as the guide- not my opinion, just plods along...
Have a nice weekend..
< You should put that quote..
in your iHub signature. >
I am still trying to keep whatever hope I have left somewhat alive and yeh quite obviously it is fleeting at the moment...The "Watershed" wink and nod enticed me to add another 5k to the small fire smoldering in the driveway about a year ago- so not feeling all that nostalgic about that impending anniversary !!!! ( a fool and his money ??!!! good thing I don't have a limitless supply..I could end up looking like Mike Tyson on this one..(The Investor not the Fighter- but at the end there wasn't much difference between the two come to think of it???.)
Make that Era not area..
know we are sticklers for grammar
What would Tom Say...?
“Anything that won't sell, I don't want to invent. Its sale is proof of utility, and utility is success.” Thomas Edison
How about this premise ..to date the IVT, FTV, ISO Torque,CV Joint have shown to be of "questionable utility" to the automotive marketplace. How can one make such an outrageous statement.Well according to the greatest inventor of the industrial area..No sales = No Utility..This is my "glass half empty" outlook- the dark Irish side that has read the filings, the releases,the CEO Updates, listened to management, been fairly patient and still sees a goose egg on the income statement.
<That's 54 cents per share... for what management apparently reported told a private group of shareholders (as reported I believe by buytovc) last April would be a $150 per share stock.>
Take off the zero at the end ($15) and I'd be tickled- delighted --and they can take another year to get there- by all means..just tell us how and when- and then execute to make it real this time...my opinion based on my investing experience here - that is all......
< the current management
has repeated failed to deliver on the expectations THEY have set.>
simple synopsis but that about says it all for me..I'm sure it is difficult but that big rock got pushed up the very high hill 4 meetings ago ???- yeh it is a tough economy, yes auto industry has imploded -that was supposed to help us etc..every year ( past ten anyway) we've trudged up there to Casa Larga and hear a message of pending inevitable success- it never happens..how come...?
Amen..hard to argue
with that logic yet someone most certainly will- which always fascinates me..like all the things put in print and said for public benefit over the years just don't matter...Obviously I share the frustration and the lack of follow through with the Watershed event has me well a bit peturbed...ya know....????
<I was buying TOVC for nearly 10 years for the same reason you were buying your shares: the continuous hype and promise from management that can't seem to deliver.>
Well there ya go..all that round and round and ya came back to find common ground..!!! It's Larry the Cable Guy.."Get 'er done"- can't.. then please find someone who can..That ain't mean spirited..that's business... To answer the rhetorical..I'm not going to Casa Larga- it used to be good theatre- the last 3 years I drive home kicking my own A##..Who needs that.....?
Regards
Leitrim
That's nice...
must have sold a banjo or two..With respects to Dread's revisiting that famous "watershed" called shot..yeh that one was adding a little salt to an open wound for some of us 'long longs'..IMO real bad form if not borderline unconscionable without some sort of follow up- of course acknowledging safe harbor blah blah blah..."hey guys that one is still on but in hold", "hey guys that one didn't include favorable terms" etc.."Hey guys that company went belly up..."..ya know something real packaged with clarity and delivered with respect.
Next up ??
1)An update on the Airforce 2nd Generation FTV..Is it done and out??
2) Meeting with the White House and Dept Of Energy? has it happened ??
10 more weeks in '09...I'm pretty resilient but I don't have it in me to trek to another annual meeting to Casa Larga which I'm thinking of renaming Casa Larga de Sueños Rotos. ( The Big House of Broken Dreams..) God Bless Google eh all Numbers !!!
EOM
Well he has that
perfect 'corporate speak' that we've come to know and love..
"pulling technology across the finish line", "connecting dots"..If he says "it's the penthouse or the outhouse for the technology" , I'm gonna get nervous..( and probably write off RIT )
What the sharholders
really want is a "little love" ( appreciation) wherever that may originate from
is not critical.
Please
There was nothing crude in Dread's
post.
I'm with you..
The "Bat Phone" is still active call me if I miss something..
The Great Prognosticator is at it again...
< "Andy could break you in too." >
Oh well I guess we have that going for us if dialogue with the WH and or DOE doesn't appear to be going our way...
We could always call Energy Secretary out to the parking lot..
I did not "snipe
or bait, ridicule"- I simply offered my opinion on this forum with respects to a business strategy-re: "hoping to get financing" (hey I'm hoping to hit the lottery but I probably should play huh) which I think is really questionable given the company's rather long history of over promising and under delivering..not enginering feats, or superior technology- just speaking in terms of a concrete event involving monetization- short of NASA-which again I applaud them..supposedly all thuis stuff is tied..well then great..( announce the funds when you have the funds..don't string people along anymore it is bad form..)
< regards some of the stimulus money...
--which we are hoping to get.>
Man is that ever risky.."hoping" to get..We were hoping to get Ford to license the FTV, hoping to get a LOI from Chery..Well...SULAX can fill ya in on the rest of the "hope to's ...."...
Gotta love the laundry line...
way things sometimes disseminate here....suppose it isn't all that different with many development stage companies..I was just about to advise Allnumbers to be careful staring too hard into his crystal ball as things are not always as they appear
with torvec. Can they give you a Channel to check atleast..
I'm so jaded I can;t envision any scenario that would cause this stock to move- short of Hey Ya'll we've sold the company for $ XX a share...?? I was gonna put in three XX's but I don;t want to get silly...!!! Regards longs shorts and in and mediums
short or shill- who cares..??
what I care about is stock price and it is pathetic
RIT Connection-my take..( or better said hope)
TOVC always was going to need a partner to truly unlock some of the value that existed in this patented technology-mainly cause we were short on manpower and money- Jim has admitted as much, and a review of the Financial statement spells it out pretty quickly. A few years ago RIT had this pretty big splash about a vision that they had for lots of tech based businesses to be springing up over that way on John and Bailey Roads that either had roots in research with the Institute or that they could help launch etc...Back when Steenburgh was CEO, he had ex EK colleague named Carl Kohrt that retired from EK and ran Battelle Institute that does similar type of thing in Columbus..TOVC had discussions but no partnership ever materialized cause I recall Jim saying they ( Batelle) wanted "control" and the Family wasn't having any of that. Bottom line of this rant, I think it is pretty easy to see the win for both TOVC and RIT in such a partnership- what I want to hear about is how does this benefit Torvec Shareholders in the way of share appreciation....??? I'm not as bothered by % splits and dilution as are some..I'll complain about that at the appropriate time..
Perhaps it was me...
I'll check my prior posts..
but If it was I meant August..'10..!!! :)
"Our Future is bright"..hopefully brighter
than me??!!!.C'mon Pres OBama..he bought AIG
and it's off the races from $1 to $30..Buy TOVC -
Get the Tech into GM vehicles, Develop Applications
for the FTV for the Military.. OT Isn't ironic the two branches of the service interested in The Full Terrain Vehicle with a capital T and the IVT are the Airforce and the Navy deal with the Air and Sea..???..like I said long ago I know what I don't know on this one- and from reading the posts last ten years I got plenty of company...!!!
Whew..That was like
Accounting 101..And that was grind for this Econ Major..?? I hope we have tax problems and dividend problems and the sooner the better..On the glass half full side of the ledger..30,000 shares moving around the first hour- that I like..TOVC always is more interesting and dare I say almost...fun and compelling when volume was in the 6 figures..The RIT announcement was met with a thud..may there be more coming...many many longs have fortold of multiple deals..a flurry coming but as has been stated- It is always off in that far off land that never comes..the future...?????
Regards to the bold and the bombastic-as well as the weak and the weary....may we stop talking about potential
Leitrim
Deal I'm on it..
but he's gotta be in under a buck to be happy..?? sounds more like a sparkler than fireworks..
Stock will not
move until they commercialize something. I have to agree with Dread there- it is like the Boy who cried wolf to a certain extent- all the CEO Updates in the world- may inform ( that is up to debate as well but I do not ?? the intent- trying to share what they often have to tip toe around....) Me I would be delirious of management could unlock just a small fraction of the value here- that IMHO would get the stock somewhere in the midrange of that $5 to $ 75 range..There would be joy in Mudville that day.. But Dabreeze if ya bail @ $2 you'll miss the party....My slight hope is that the company that wanted to commercialize the FTV ( you know the "their proposal not our proposal guys") are still in the picture somehow but nothing will be signed until TOVC has theire act together with money and or manpower..RIt maybe has a fit or place in facilitating both of those..This is merely a theory or a further delusion of an incredibly stubborn/patient shareholder...depending on your perspective or the day..
too logical..
why not give the money pledged to build the new Main St. bus depot that went the way of the Fast Ferry to RIT and say here- help develop this tech to get orders, create tax paying jobs all that nice stuff..we ( public sector)_ can't seem to do it....The critic in me says more product development???...I thought we were done developing the tech and the portfolio..had overwhelming interest just needed the $$ and man power to sign some of these contracted protected deals that are alwasy looming if you listen to those close to the company.. ..hopefully this is like phase 4 of 5..???
The Fed's love Electric it would seem..
where is the clean diesel stampede...check link below
http://msnbcmedia.msn.com/i/MSNBC/Sections/NEWS/PDFs/battery_awardee_list.pdf
Ford Taurus;
I had one of these in the late 80's- company car..boring as hell but man the thing ran like a bull-they had it going with that..and like this article states they got complacent and let it, and overall quality go stale..Who knows if it can be turned around? have they any discussions still with Torvec..wonder if we will ever know..???? Birthday is in August....maybe I'll get a present this year from Mt Read...??....
http://www.msnbc.msn.com/id/32156241/ns/business-autos/
< This has happened about 400 times before>
You may be in the ballpark on that one..!It's time to execute..turn the tech into money...that's why we're still here...create wealth, maybe jobs..I can wait longer for a big splash..why not...economy is coming back..there is money flowing both privately and from the Fed..launch this thing already- get the party started...
Yes..probably true..
but I'm working on it.You have company- I continue to add to the pile..Guess I'm hoping that if I get it high enough I may be able to see the other side of the very large hill- you know get a gander at the promised land.???? so move over dummy- make room- let me know when you figure we've reach the penthouse floor wouldya -Leitrim
O.K..I'll chime in..
1) I follow the board A) for entertainment factor ( granted it's waning..since ATL left with his wit and timely pictures that spoke a 1000 words..), B) as things go sometimes people are connected to the inner workings and can give better feel for progress than is stated just in filings,updates..With Development stage companies particularly one in which I've made the single largest investment in my lifetime ( honesty being the goal here) you like to feel "hope" for a lack of a better word. So no matter how artifical this is and how disingenuous some posters may be- I have a brain and free will and can decide who I trust and and who I think has an agenda etc..
2) Why Am I long- I guess like others, I can't imagine the disappointment if they can get this started commercially and I miss out..I have enough in play here that I do not need a moonshot for this to be life altering ..just for it to be as it was proposed, layed out, and the expectations set by management...If it doesn't happen I will not be resentful but I will be puzzled.."overwhelming interest" as we've been told over the years to me is akin to eventual monetization..But this is not life and death- every penny could go up and smoke and que sera sera..either way I'll never again put my faith and money behiond something with this much inherent risk....It hasn't been that much fun being a Torvec stockholder the last 6-7 years..atleast for me..it's altered between boring and monumentally frustrating as the perfect storm appears then passes without so much as a bolt of lightning..Best Regards to all..
Leitrim
Honda ready ...
with big and small, hopes to win in US
Honda ready with big models and small to keep winning in US after 50 years
Yuri Kageyama, AP Business Writer
On Thursday June 11, 2009, 8:21 am EDT
Buzz up! Print Related:Honda Motor Co. Ltd., Toyota Motor Corp.
TOKYO (AP) -- Honda is ready to offer bigger vehicles in North America should demand return for such models, as well as the small cars viewed as the Japanese automaker's forte, a senior executive said Thursday.
Honda Motor Co. Executive Vice President Koichi Kondo said working to please the customer has been "a basic company stance" over its half-century history in the U.S. market. Honda reached its 50th anniversary in the U.S. Thursday.
What's so difficult to predict is whether American consumers will revert to their old tastes, he said in an interview with The Associated Press at Honda's Tokyo headquarters. When gas prices dropped after a surge in the 1970s, Americans returned to buying big models, said Kondo, who headed Honda's U.S. operations from 2003 to 2007.
"It's difficult to see who will emerge the winner, but we want to be a winner," he said of the troubled U.S. industry, which has seen General Motors Corp. and Chrysler LLC file for bankruptcy protection.
For now, Honda is focusing on smaller fuel-efficient products like the Insight hybrid, which has been a hit because of its affordable price of $19,800 in the U.S. and 1.89 million yen ($19,300) in Japan -- cheaper than Toyota Motor Corp.'s Prius, the global top-seller.
Honda is promising a sporty CR-Z hybrid for early next year in the U.S., European and Japanese markets, which Kondo said would cost more than $20,000. A hybrid version of the subcompact Fit will follow, he said.
Kondo said he was pushing his engineers to further cut costs for hybrids by several hundred dollars per car and boost mileage by 10 percent to make the ususally higher pricing of a hybrid worth it for the consumer.
Honda -- which makes motorcycles, the Asimo human-shaped robot, as well as Accord sedans -- will focus on a limited number of global models to achieve cost savings by producing more of each product, including hybrids, he said.
Kondo said Honda hopes to reach 500,000 hybrid sales around the world in the next year or so.
Kondo said there were some signs the U.S. auto downturn may be bottoming out, but he said a full recovery could not be expected for another couple of years.
Like other Japanese manufacturers, Honda has been battered by the global slump and the strong yen, which slashes overseas earnings. But it has fared relatively better than bigger rivals Toyota and GM.
Analysts say Honda can stage a recovery, partly because it has a strong motorcycle division. Honda has less excess production capacity in Japan, and has a better lineup of small energy-efficient models than its competitors, they say.
"Honda's earning power is proving resilient," said J.P. Morgan analyst Takaki Nakanishi. "Honda is reaping the benefits from the speed and diligence with which it is matching its corporate structure to the changing business environment."
Kondo -- who has worked for a decade in the U.S., about a quarter of his 40-year career at Honda -- acknowledged that staying nimble was a challenge as Honda grew. What it needs to remember is its roots as a tiny newcomer in the U.S., he said.
When Honda started selling the Civic hatchback in the U.S. in 1973, it made a major error because it wasn't prepared for the car body rusting from antifreeze salts on winter roads.
It exchanged all the damaged parts, although that cost more than all of Honda's group profits then, and that won respect from dealers and customers, Kondo recalled.
"It may sound like we're trying to sound cool. But the reason Honda is where it's today is because we've always sided with the customer," he said.
Today, it sells and makes more cars in the U.S. than in Japan.
"We are an American company," Kondo said.
Knot...
< I personally feel that it won`t be too far off>
I love the steady course..but that song has been on the charts since Methuselah was a teenager