Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Long shots don't pay often, but when they do, it's UUUUUUUGE!
At these prices even the most discouraged investors might as well hang on. It can only go down 22 cents a share but might go up a lot more than that. Somebody bought over $47,000 worth of Torvec yesterday. They're not discouraged.
Obviously someone is interested in buying. That I understand. What I can't understand is why someone would want to sell at these low prices.
I don't think anybody thinks the MyCadian watch is a can't miss. It isn't costing a lot to see if it will make money or not. BODs have tons of free stock or options. Why risk you're own money? I also think they are limited as to how much they can buy. Not sure of that. Any lawyers out there?
Our obvious questions have been discussed in detail I'm sure. I believe the team knows what they're doing. If they don't, they can always rent the brains like they did with the pump expert. It won't be long now before we find out if this is a winner or not. I still think one or both of these products will be a success but my fingers are crossed too.
Especially if they can cut their insurance expense by using one.
If they have a product that people want, the rest is easy.
The bad news is that they don't have the money to buy it. The good news is that if they need to buy it there are sales in Torvec's future. If I were DK, I'd offer them some stock options and some cash. If they produce, they'll make a lot of money.
I think if they bought that company it would be reported on an 8k as soon as it happened.
Fitbit closed at $46 today. A new high. Market appears to love wearable technology.
DK was asked about the liability of the MyCadian Watch and he responded that they would buy insurance for any liability. I think it would be a good idea to spin the watch off from Torvec. It might make a great IPO. It would also protect taking down the whole company (the pump) if there was an extremely bad lawsuit. Just thinking out loud again.
Fitbit up again today. Now $40.69. Looks like the market likes wearable technology.
RBC Capital recommended Fitbit this morning. It's up $2.26 early(6.8%). It's $35.50 now and they see it going up to $45. (In THEIR opinion of course).
Not always. Anyone could have bought Apple at $ 10 a long time after the public offering and rode it to $700.
The initial stockholders of Fitbit paid 37 cents a share. They were pretty happy on the floor of the Exchange. The CEO made $700 million that day. He was asked many times if he feared competition for his Fitbit (ie Apple). He said it's what keeps him up nights. It is noteworthy that Fitbit, unlike many tech startups, actually made money prior to the public offering. I believe it was $120 million in profits in the previous 12 months.
Not a lot of buying but at least the sellers seem to have stopped selling. Whoever sold at a nickel might be a little unhappy.
My opinion is that DK knows what he's doing. We just, unfortunately, have to wait a little longer for the results. Someone just told me that DK said that he would be "pounding the pavement with the prototype watch by October." I don't recall that. Did others hear that?
It's now called the MyCadian Watch. They are going to have a prototype made soon. By soon, I'm assuming within a few months. They also said they have a company ready to make them. So I think the answer to your question is that Torvec is not physically making them but will have them made. The entire watch is not the difficult part. The method of sleep monitoring incorporated into the the watch will be the Torvec difference to the other wearable technology that's out there. The MyCadian Watch will do everything that everyone else's does too. They are also in negotiations to buy a fatigue monitoring company (FMC) that has the people to explain to the customers how to set up and use the watches and, I assume, monitor and explain the results. Torvec may or may not have to raise money to buy the FMC. If anyone has a better memory of this explanation than I do, please feel free to chime in.
I don't care WHO makes a bid. I care WHEN someone makes a bid.
I have a feeling that they will need more cookies at next year's meeting.
For those that weren't at the meeting there were a few other things that you might want to know. A video showing the crashes caused by drowsy drivers and national news comments on those was shown. It took about four minutes and appeared to be a type of marketing video for what Torvec is now calling the MyCadian watch. Also a comment was made during the Q/A section by one of the founders of Pictometry. He said that once their company had a product to sell, it took only about 3 months for DK to sell it.
Why buy the cow when you get the milk for free?
IMO I can't see anybody that attended that meeting selling their stock anytime soon.
My opinion as to why people aren't buying is because the general public doesn't know about it. I think they will when there is something to sell but for right now the only ones buying are the current stockholders; not new buyers. We need new buyers with new money to drive up the price. Hopefully that will come soon. If it does, the price will go up faster than it went down. Again, IMO.
Plenty on the pump but obviously not ready for prime time. Sales expected next year. They want it for sale as badly as we do (IMO). They visited a contractor that showed them the performance difference between an old machine and a new machine which meets the new governmental requirements. The old machine outworked the new machine easily. The theory is that Torvec pumps would meet the new requirements and make the new machines more efficient than the old machines yet just as productive. This is my assessment of what was reported. Do others that went to the meeting agree with it?
Fishback was reported to be very helpful in the transition and still stops by every two weeks to see how things are going. DK probably has been too busy to update the website but I'm sure that he will. PS and TG were not there.
Yes, if I had money that I didn't need for a year.
I read the 8k and was discouraged. I went to the meeting and was encouraged. Waiting more months until something is sold is the problem. Guess there's no way around that. Am I selling? No.
It's a fact that I agree with his opinion.
I agree.
I'm pretty sure he doesn't need to sell it.
The price matters when he sells it (or donates it to charity). We'll see at that point. When a company has no sales, it's hardly a sure thing. The watch was brought later after DK decided it had merit. If he didn't bring it to Torvec and it turns into a success, many would be blaming him for not sharing it with the Torvec shareholders; especially the guys on this board. Whether either of the last two potential products are successful remains to be seen but I'm betting that one or both of them will be.
Duped? His cost is what; 25 cents a share? Doesn't look duped to me. Don't look a gift horse in the mouth. It's not over until they turn out the lights for good.
It would have been down 100% had he not taken over.
He might be. It's not over yet.
If the new GM/coach didn't bring in TG's investment, the game would have been over years ago.
There's no crying in baseball or stock market.
Fitbit, a wearable technology company, announced yesterday that they are going public and plan to raise $350 million.
Board members that don't show up year after year should be replaced by others that are interested in the company. I would also like to hear what Labus has to say about how the Torvec pump compares to others on the market.
Why don't any of the people that post on this board ever ask any questions at the annual meetings?