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Huh...
I would have thought that the 1.5 million shares running it up over the last 60 days would cause some gag reflex in the shorts.....maybe the next 2 or 3 million shares will cause a little more discomfort...think that would be enough..?
I'm trying not to act like the naysayers do when the price of Torvec was low....I play defense..not offense...
Everything seems to be going in the right direction...and I hope the shorts are choking on their own vomit...other than that things seem good...
Something's wrong.....??
Everything seems just fine.....
LOL...
THIS is Spinal Tap...
What a day...
Looks like a 500 share trade crossed right after the close at $6.28...does anyone else show that...I have one service showing a close of $6.10 and another at $6.28.....
Either way a very solid day for TOVC....
Just went back and checked it again and now it says 11%..
Not very reliable source of info apparently
As of 11:30 EST....
92% of todays trading on TOVC has been INSTITUTIONAL....which is almost 60,000 shares....
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=TOVC
Hey Sheriff....
Sheriff...we woke you at $4.35...
You still awake..?
ballo...
you were wrong about your prediction of 6 by the END of this week....LOL
Please predict 8.50 by the end of next week...
Yes.....
As usual..well stated Artguy...
Good point...
I was referencing that the warrants attached to the preferred sales are restricted for a year and my opinion is that the number of those warrant converterd shares that are now unrestricted isnot going to put a dent in the volume...
So where are the shares coming from..??...with a published float of 16 million and an estimate that seven or eight million shares of that are in "friendly" hands, that leaves a true float in the 8 million share range. Through November of 2006, 5.5 million shares have already been traded. Based on recent volumes, December could turn out to be another 700,000 to a million shares....when you add it up, it means that almost the entire true float will have turned over this year...Assuming the friendly hands remain steadfast and hold for the end game, where are the shares coming from..?? .......is there a naked short player "printing" shares via overseas MM's, hedge funds, Europe..??...I could argue that there are hundreds of millions and even billions at stake here....with that much at stake, the international pros know what they are doing and how to execute...it is apparent to me that the price is being controlled...for whom and why is the question...
If a deal gets thrown into the mix, I think the run up would be vast and fast..
Some good questions zendo...
I dont think there were enough warrants that are now unrestricted to account for that volume...the question about why is there so much available at the $5.00 level...somebody doesn't want it go past this $5 level....the first 15,000 shares this morning had Knight Equities on both sides of the deal...UBS appears to have sold most of the rest today...is there multiple short players working against each other..is there a company looking at acquiring Torvec trying to accumulate as much as they can get their hands on while "managing" the price range via a MM..? Is some of this new retail street volume..probably a little...when I see blocks of 5 and 10,000 going off, I don't think it's the small retail investor driving the volume...we may never know the answers, but it certainly makes you scratch your head in figuring out where all the shares are coming from...watching it trade lately and seeing high volumes not moving it up and small volumes moving it back down, I could make a case for an accumulation play by a large company that is also shorting it in smaller quantities to keep it from running and assist their accumulation without driving the price through the roof...we may never know till "it's over".....
Sheriff...
I believe Torvec owns the worldwide rights for the ice tech as it relates to land vehicles...BF goodrich owns the rights to air and watercraft....i dont recall if there is another player..
Barry...
Say hi to the guys for us...and, oh yeah almost forgot...see if you can find out why the numbers on the form 5's don't seem to be right...
Thanks...
Thanks Barry.....
LOL...
I had to go back and look at the Conboy photo again...
Doesn't he look like a guy who would go short...? He's got that look about him doesn't he...?
That guy is just a tad over-the-top happy..
(Note to self - send email to Brighton Securities and suggest new photographer)
LOL.....
That is one haunting photo...
Thanks atl...
I don't know how expert my input is, but I do happen to watch the trading of Torvec closer than the average person (understatement)......what can I say....some people are addicted to porn....me...I watch the tape on TOVC..!
LOL..
Seriously...I'm telling you...the trading behavior of TOVC lately is very different.....We have seen the stock price go on 4 or 5 good runs since the shares have been traded publicly, but it has NEVER exhibited the trading behaviors that it has in the last 3 to 4 weeks...N..E..V..E..R....
Think what you want....but the tape action on TOVC is different than ever before...
I have never seen this before on Time and Sales for Torvec...
There are 5 trades listed that showed up with share numbers and now show up as "zeros".....it actually caused the share totals on my real time to go backwards from 49,000 to 47,000...cant explain that one....add it to the list of trading abnormalities for TOVC lately..
Time & Sales
Price Size Exch Time
5.00 1000 OBB 14:58:55
5.00 0 OBB 14:58:45
5.00 500 OBB 14:57:30
5.00 500 OBB 14:57:30
5.00 1000 OBB 14:57:14
5.00 0 OBB 14:57:05
5.00 0 OBB 14:57:04
5.00 1000 OBB 14:56:15
5.00 0 OBB 14:56:06
5.00 0 OBB 14:54:07
4.99 1500 OBB 14:53:34
5.00 500 OBB 14:53:26
5.00 500 OBB 14:53:24
5.00 1000 OBB 14:52:54
5.00 2000 OBB 14:49:42
5.05 500 OBB 14:43:45
5.05 3500 OBB 14:43:42
5.05 500 OBB 14:43:24
5.05 500 OBB 14:42:27
5.00 500 OBB 14:41:51
5.00 500 OBB 14:41:50
5.00 900 OBB 14:39:30
5.00 100 OBB 14:39:30
5.00 1900 OBB 14:38:12
5.00 100 OBB 14:38:12
5.00 900 OBB 14:35:47
5.00 100 OBB 14:35:47
5.00 500 OBB 14:32:12
5.00 1000 OBB 14:31:07
5.01 500 OBB 14:31:06
Watching the tape action with interest...
It took 43,000 shares to get it to 5.21 and only 5,000 to knock it back down to 4.99........
Where are the shares coming from....? Is the unpublished short position growing as that player or players tries desparately to keep the share price below $5.00....I, for one, certainly hope so...my opinion of the trading patterns on this stock over the last few weeks is that the patterns are telling us something is up...
Count me in for Pebble if it hits $50...
Hi truck....re the $50 price point....
believe me..I would be the happiest "wrong" guy in the world..!
Thank you Mr. Positive...
Sheriff...
That feeling you have has nothing to do with having to wait till next November....what you have is gas from too many turkey sandwhiches...those 2 sensations sometimes get confused..
As for the shorts...well...the published # is growing....why..more meat on the bone perhaps..?..and /or they think like you do and are confident that we will all be sitting here waiting at this time next year...maybe they have added to position because they are under water...wonder how big the unpublished short position is now..? the numbers in the short position post of mine from this morning don't tell the whole story...the 135,000 listed short position is contrasted with a "float" of 16 million shares...that's of course not the true float given that the company probably knows where several million shares of that float are held and that it is in freindly hands...that leaves around 8 or 9 million of true float.....
what if the unpublished number of short shares is a big number...?? and the company completes a deal or two...whoooo boy..that will be fun for almost everyone...
There isn't even alot of shares to go around right now....why can't it break through 5..? why does it take 75,000 to take it from 4.98 to 5.00 and only 10 or 15,000 to go back to 4.60 or 4.75..the MM's are magicians....some party or parties donot want Torvec in the 5's...
As for the wait...I hope that where ever this is going, that it takes everyone by surprise....when...we'll have to hang around and see.....
LOL...!
That was funny...
Wave...
dyna was using comedy in his response to dread...
LOL.....!
For those that are interested...
The published short position for Torvec increased during this last month....anyone want to guess which direction the unpublished short position went...?
Stock Symbol:
TOVC $
Torvec Inc
Shares Short 134,937
Days to Cover (Short Ratio) 5.9
Short % of Float 0.80 %
Shares Short - Prior 120,200
Short % Increase / Decrease 12.26 %
Squeeze Ranking™ 10
% from 52-Wk HIGH ( 5.03 ) %
% from 52-Wk LOW ( 1.35 ) %
% from 200-Day MA ( 3.06 ) %
% from 50-Day MA ( 4.22 )%
Price % Change (52-Wk) 220.65 %
Trading Volume - Today 20,403
Trading Volume - Average 22,930
Trading Volume Vs. Avg. 88.98 %
Total Shares - Float 16,800,000
Total Shares - Outstanding 30,413,865
% Held by Insiders %
% Held by Institutions %
Market Cap 145,986,558
EPS -0.16
PE Ratio
Sector: Consumer Goods
Industry: Auto Parts
SI Record Date 2006-Nov
Have a nice Thanksgiving everyone...
Stay safe.....
Tor
Stick around Dino...
It's starting to get interesting
So....
Compared to being raped by an investment banker on a death spiral...selling some preferred with a 10% dividend to fund operations is painless.....so what does the company owe in interest??..something like $40,000....to me thats debt free..
think of something positive to be thankful for over this Thangsgiving holiday...I, for one, am thankful for the health of my family and friends and for Torvec's preferred stock...
As i read the filings pertaining to the preferred sales, it is apparent that there is more than one preferred buyer...
Here my take on increasing the number of shares...
One thing to consider is that the shares might not ever be used, but the company has to look ahead to the possibility of needing them. My hunch is that the company is feeling positive about events unfolding that could call for the need for the additional shares...kind of like building a 6 lane higway when right now two lanes is sufficient...but you know that due to growth there will be alot more "traffic" in the future...
So how do they use the shares...one way is a stock split. My opinion is in sync with sheriff's on this topic...I cannot imagine a stock split occurring in the teens or twenties on TOVC. Stock splits are typically used to bring the price back to a level that "appears" more affordable and doesnot cause any dilution. It is usually a sign of strength for a company as well.
Another use for additional shares includes paying consultants, etc...this could be debated for hours on the dilution topic, but I sometimes think people can be alittle naive on this topic...I remain amazed that Torvec has reamined DEBT FREE to this point. Had the company succumbed to an investment banker's convertible debenture death spiral,which many OTC bulletin board stocks have, this board would have ceased to exist because that death spiral would have put Torvec out of business before the Raging Bull board folded...For that, I am eternally grateful to the management of Torvec for putting up with the 4 or 5 more yaers of criticism for not selling anything or not having the capital to move quicker....had they done a "deal with the devil" several years ago, an investment banker would have demanded 60% of the company for several million dollars and they would have death spiraled the company out of business....I honestly am convinced we would not be here having these discussions if that had occurred ( what in the world would we have done with all that free time..!) So, if anyone wants to talk about dilution, you cannot do so and ignore the "what could have been scenarios" that would have the shareholders giving up 60 or 70 percent of the deal and losing everything...
The fact that Torvec has been able to fund operations, debt free, for this long using consultant shares and only cause 33% dilution is remarkable....no matter how you look at it, dilutiuon is going to happen...pick your poison...becuse they chose the painful route they chose, we are still here with a stronger share price and appear to on the verge of something happening...my hats off to them for SAVING our investment...
The other use for the additional shares is to sell more shares to the public or to institutional investors. What happens there is also subject to debate but my instincts are this...the reason they would do that is from a position of strength, not weakness...this would occur after the stoick had risen off of deals, there would be earnings to support valuations, and the institutional communtiy would be wanting to enter the game after a move to another exchange. The net result would be a sizeable amount of cash flowing into the treasury of Torvec as a result of these stock sales...this may never happen, but I feel that if it did, it would be to continue to fund the next phases of distribution, etc...it may never happen, but I would view that type of dilution as positive...
I have said this before, if the management team becomes extremely wealthy on performance shares, that means that my investment produced a sizeable return also..... and I do anticipate that scenario unfolding..
Good afternoon automotive product afficiandos...
Given some recent "abnormal" looking trading patterns in our favorite stock, I thought the article below from Management Accounting Quarterly was an interesting read even though it's a few years old...I also took note of a portion of the article discussing the SEC going after Knight for fraudulent market making activities...Knight has become a top market maker on Torvec over the past year and has been very active recently..
http://www.imanet.org/pdf/1832.pdf
More abnormal trading at the bell on Torvec..
This has occurred quite a few times in last few weeks ...roughly 23,000 shares traded in the last 4 minutes of trading and the 2 minutes following the close...11,000 share trade at 2 minutes after the close with Knight Equity on both the bid and ask....
There is an effort to keep this thing below 5...how long can they do it is the question...
Happy weekend to all....
That must have been sheriff buying before he teed off at Harbour Town....
Since he is now on the course, the volume will slow somewhat..
....the trading activity on Torvec over the past 4 or 5 trading days has signs of accumulation on it..and our two favorite MM's are camped out on the ask..UBS and Knight Equities....
The plot thickens...
You'd have to ask them...
I can find the stuff but usually don't understand it..as dyna says, I have been wrong for so long, why would anyone listen to me...LOL.... My glass is obviously half full...his remains bone dry..LOL