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Relax. They're just getting started. I checked it out. They have to report this "Form D" of Regulation D within 15 days of the first sale of these securities. Wait until they close the offering. Then you can be critical or be impressed with what has transpired.
News bulletin today about the equity sale. (See above). Anybody know what it means?
Happy New Year to all the faithful Torvecians! Hope to see you all at Sulax's party in 2016. :)
We shall see shortly. BTW, I noticed that someone is trying to buy 72,500 shares at 33 cents. I hope they have to raise their offer in order to complete the purchase. Things are starting to get interesting.
Another 8-k filed today.
It's not so bad. You can pretty much buy plenty of shares between 30 and 35 cents with no restrictions and no qualification requirements. If the millionaires help the company get to the point of profitability, the few extra cents per share that you might have to pay won't matter then. We'll all be happy at that point.
Lol. If this is Torvec's competition, we have nothing to worry about.
"Certain directors and executive officers of the company have indicated that they intend to subscribe for Series C-3 Preferred Shares in the offering." In my opinion, this is belief in the product(s) and an expectation of success of the company. Otherwise, why do it? Anybody agree? How can this not be positive? We will eventually find out how many shares they intend to buy. That should tell their degree of enthusiasm.
No comments on the 8-k?
8k posted this morning. See above.
It's on the front page of the Dec 4th digital edition. Go to RBJ website. I had to pay $2 to read it.
Rochester Business Journal has a big article about Torvec in this week's edition.
Be thankful that DK and TG gave Torvec a transfu$ion. Otherwise it would have been a dead duck years ago.
I don't think the industry knows about this technology yet. I also think there is more here than the technology as far as the watch is concerned. The brochure explains it better than I could. It appears to be more of a service to businesses, governments, and their employees. Those other companies don't monitor your data and assist the employee like the MyCadian process would. They just sell you a retail watch and they're done with you.
It probably already is judging by the video and the brochure. DK stated at the annual meeting that he would be selling it later this year. You might be confusing sales with selling. IMO it's only a sale when you get the cash. Until then you could have lots of selling. I wonder what Fitbit will think of the MyCadian watch. They'll probably buy the first one.
Absolutely LOVE the brochure! Page 4 comparisons were great! It has everything the other fitness watches have and more.
2nd paragraph on page 20 of the 10-q.
They're raising $2.5 million for sales and marketing of their products. Sounds to me like they have something to sell.
10-q is out. See above.
Do they make them in the same factory that they make their drywall?
Most businesses have their employees park in back of building. Did you check out that possibility?
I agree. Would you rather have a watch on your wrist or a hat with a battery up against your brain?
Target announced this week that they are giving or discounting Fitbit watches to all of their 326,000 employees as part of their employee wellness program. It seems like corporate America is interested in this type technology. Jim Cramer also recommended Fitbit as a "buy."
CurAegis if said quickly is Courageous. Easy to remember. Better name for sure.
Sounds good to me. Sounds like real progress. Hope the market likes it.
I'll be happy to attend. Fall is not over yet. If they sell anything it should be more than a buck.
In order to get to $5 it must first go through 50 cents. Lol. At least it's headed in the right direction. I can't imagine anyone selling now but I'm sure someone will.
Anybody happy out there?
The high for the day was corrected by Scottrade to 43 cents. The 79 cent number has been removed. The 43 cent figure is a new 52 week high.
Don't know. My post was just wishful thinking. Maybe all the sellers are done selling. Volume is ok but not huge.
Busting through 30 cents next week.
13WHAM News at 10 on Fox Rochester reported tonight that there is a proposed NYS bill to criminalize drowsy drivers. Maybe truck drivers would want to wear the MyCadian watch which would prove that they weren't drowsy at the time of an accident. Also liability lawyers would not be able to use alleged drowsiness as a means to sue for damages.
Someone is trying to buy a large block of TOVC at 23 cents.
I'm sure DK is aware of each hurdle to jump in order to get to the finish line. Don't forget the pump. That will be the big story. It won't be long now. I'm guessing that we will know in less than 6 months if this company will succeed or not. I'm still optimistic.
So far.
10-q is out today. See above.
GA line must be busy. Good volume again today.
Manning made a lot of money for his team's owners even in years that he didn't win the big one.
Reminds me of Peyton Manning.
The race hasn't started yet. People are still buying tickets and there's a new jockey on Torvec.