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Fitbit is being sued because their fitness trackers are allegedly not accurate.
There's plenty of people on the Torvec board of directors that are buying the stock. I don't think that it's because they hate money.
I think that your hopes are the same as all concerned here. It doesn't seem logical to me for the board to buy hundreds of thousands of shares, as well as bother to change the company name at this point, if they didn't have something brewing.
Annual meeting: June 16th at 7:00pm.
It seems like this sleep business is really hot right now. I agree that sooner is better than later but I have to allow them to bring it to market when they think it's ready. They have all the cards. We only have some of the cards. It's only two months to the annual meeting and hopefully about three months to Sulax's party. Lol.
Nobody has any comments on those two links?
Someone needs to send the MyCadian Watch brochure to the President of Aetna. Check out these two links.
http://www.bizjournals.com/louisville/news/2016/04/06/why-aetna-pays-employees-hundreds-of-dollars-to.html
http://www.slate.com/blogs/xx_factor/2016/04/11/aetna_is_paying_its_employees_to_sleep_more_is_that_really_a_good_idea.html
This article can now be downloaded without problems.
http://www.sleepscholar.com/first-ever-court-ordered-sleep-study/
Oakie, I had a problem posting the article about a court requiring a sleep study of a bus driver involved in a bad accident. Somehow it posted a different article that I had previously posted. I then deleted that posting as best that I could. Anyway, the deleting was not done by a moderator. It was done by me.
64,067 shares traded today. That's noteworthy. The 134 shares shorted is meaningless.
A new one to check out.....
http://www.sleepscholar.com/first-ever-court-ordered-sleep-study/
Call me a rookie but I don't get how any of this short talk gives me information that helps me decide to buy, sell, or hold TOVC. I'm just hoping for products that get to market.
I guess the conclusion that I can draw from a very limited amount of buying or short selling on this stock is useless information.
So if volume is 34,000 and shorted is 8,000, what is the usefulness of that information? I'm not criticizing, I'm just trying to understand.
Seems to me that this is useless information.
Would someone please explain what this means in layman' terms. I thought OTC stocks could not be shorted.
Sleep Review Magazine is for people all over America that work in the sleep treatment business. It would be a great place for an article about the MyCadian watch.
I guess I missed your point.
Not taking any bait. Just stating a position that I believe is similar to the first two sentences of your post # 26221.
As far as I'm concerned, this company started when DK took over. He got TG to finance a failed company, eliminated the differential (a loser), pushed forward with the pump (brought in experts) and added the watch. If he can now get some sales, he hits a home run. If he can't, he strikes out. We'll probably find out shortly which it is. My fingers remain crossed.
Let's add this up. DK 900,000 shares. Destler 200,000 shares. Saunders 400,000 shares. Labus 100,000 shares. That leaves 2,400,000 shares sold at 25 cents. That's a lot of shares from the general population of "accredited" investors. That would account for the first million dollars at the 25 cent price.
I guess any exposure is good exposure but the fact that the MyCadian is a watch is immaterial. Isn't it primarily a means to track sleep and drowsiness?
What's going on in Basel?
If it works here it should work everywhere. It appears, from the people at the Brussels meeting, that the world is very interested in reducing sleep related accidents. I agree with you about the 10-k. It is for the period of time ending in 2015. The information is now at least 2 months and 10 days old. A lot can happen in that amount of time.
The 25 million is just in America.
I read an article in an out of state newspaper this week that read "Washington---Bus drivers, truck drivers, and railroad workers could be tested for sleep apnea (pilots are already required) which can cause them to doze off on the roads and the rails, under a federal proposal announced Tuesday." "The sooner patients with obstructive sleep apnea are diagnosed and treated the sooner our rail network will be safer", said Sarah E. Fineberg, Administrator of the Federal Railroad Administration. The article also stated that more than 25 million Americans suffer from undiagnosed sleep apnea.
How are you figuring that the pump is nowhere near marketable?
The pump expert buys 100,000 shares and the CEO buys 900,000 shares. How can this be anything but a huge positive? Sounds great to me!
Let's hope the professionals in the audience like what they hear and spread the word about this technology. I'd like to see a video of the speech with follow up questions and answers, as well as the reaction of the audience.
Just the quantity. You can now buy 5,000 shares but you still must be a millionaire. I think it is an SEC requirement; not Torvec's idea.
If you never heard of Torvec, would you have bought stock in it at 25 cents a share at this point? In addition to that barrier, investors have to be worth over a million dollars to qualify to buy the 25 cent per share offering. Frankly, I'm surprised they raised the $1 million. If the stock goes up from here, you'll have to get in line to buy the extended offering. Just my opinion, of course.
It appears that the pump is already completed and tested internally according to one of the 8-ks this month. It passed the 5,000 psi mark. I don't know what that means but it sounds impressive. I doubt they would send it to MSOE for independent testing if there was any chance it would fail.
According to the 8-k filed July 30, 2014, on page 2, Dino, DK made the following statement: " We are intending to raise up to an additional $ 1 million in the last quarter of 2014 through a private placement offering." "We already have verbal commitments for a large part of that from existing shareholders, officers, and board members." THAT would seem to me to have been their first goal. They delayed that offering until it made sense to do so and obviously raised the goal to $2.5 million.
In answer to your second question about the advantage of tying up money now as opposed to June 3rd: 1) You might get shut out of buying the extended offering , 2) You will be able to sell your stock 4 months sooner if you wish, and 3) You might have a long term capital gain on this stock( if it goes up) 4 months sooner than someone that buys in the extended offering.
I make no apologies for being positive on this stock. That's why I own it.
I think they met their $1 million goal and closed that offering and the 6 month hold on that stock started on February 11th. The next $1.5 million raised will close on June 3rd with a 6 month hold on those shares starting from June 3rd. If the stock goes up, I think people will line up to buy the stock at 25 cents a share for the next offering. Someone tell me if I'm wrong on my assessment.
Another 8-k filed today.
I don't think the market is aware of this company. It seems the only people interested in this stock are the people that already own it. Hopefully that will change soon.
CurAegis Technologies "has already signed contracts with clients and is currently taking orders...." Sounds like we finally have sales to me.
Could someone please translate that post.
San Jose bus crash this morning at 6:30 am. Bus flipped over with 2 fatalities and 18 injured. Driver admitted that he was fatigued.