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Marketmaker Citadel has a block of 174,899 shares up for sale at .34......
Some additional large blocks lined up behind it.....
All but 350 of the shares traded thus far ( 27,000 ish) have been buy-side initiated...
Somebody looking to enter the CRGS game today...
Mostly buy-side trades per the ihub "trades" link
someone needed $22 this morning.....
Someone really wanted $30 this afternoon....
Musical chairs.....
Can't help but wonder where the supply of stock is for these fills...
Another day of interesting CRGS action...
Somebody wants in.....
That took 20 seconds to fill all that.....
Hence makes me think somebody put in a market order to buy 30,000 and it took out every ask to get there. Somebody on to something...
Somebody wanted in at the close....
.....30,000 just bought at what appears to be at market at the close of .47.....
Agree....limited supply and active the last few days..
Whose selling...?
It is Swartz.....
Get your popcorn ready.....!
I think they were based in Atlanta.....
...not certain about that...they were known for creative finance structures.
Creative meaning that if the client availed themselves of the cash borrow, they were generally doomed due to the spiraling cost of funds based on a moving average of the stock price. Guess what direction the stock price always went in.......
Recollection is a little fuzzy but I believe Torvec signed a deal with them but didnot draw down capital or drew down very little. There may have been a stock grant to consummate the deal. The stock got pounded back then and there were a number of charactors on the Raging bull board whose full time job appeared to be trashing the company. Torvec sued some knucklehead from Long Island who was Torvec1 on Raging Bull. Had to google it and surprised it came up. John Speizio was his name. I think it got settled out of court.
That was 20 years ago.....my hair was brown
Swartz Private Equity.....there's a name that hasn't come up in a while....
Eric Swartz....Dr. DeathSpiral, pirate of the OTC waters....
Brings back fond memories of the Jesse Patroon days on Raging Bull and early ihub days....
Interesting trading day for CRGS.....
I didnot catch that next story...
The progress on both products has my attention...I'm in....
Saw that today Leit...
Coundn't help but imagine the possible future stories about the Cura product changing those numbers.....
I love waiting.....
Leit....hope all is well
Developing.Testing.Fundraising. Agree
Hitting their own timelines is
Not their forte'. Agree
Encouraging yet still out in the future. This would not surprise me
in the least if the company goes through 2018 with no revenue.
Disagree
Dino...
The connector is in the shop right now. They are installing a twin-turbo knutson valve and a forced-air gonculator.......
I am with you on this Dino....
The last few years I have been somewhat anxious about where this is going. It has been very unsettling thinking that after rooting for this investment to get traction and hit the market with a product after all these years, maybe it wasn't going to happen.
Things are lining up differently now. I believe the company is now positioned to monetize these products. Insiders have put enough capital in to CRGS in the last year or so to give me a high level of comfort.
Dick has admitted some tactical mistakes that cost time and money. I appreciate his candor and the whole team grinding this out. They all have stock in CRGS. Now they all have stock and believe they have the goods. That is a very motivating combination.....
I haven't posted much in recent years as the exchange of ideas has turned so negative. I am a glass half full guy and think the glass is filling up.
Onward Dick and company!
CEO Update in the 8-k just released....
December 6, 2017
CurAegis Technologies, Inc.
The CURA Division
As previously reported, we have moved the management and responsibilities for the development of our CURA platform in-house. Our new head of development has taken the last 60 days to analyze what we have and what we have to accomplish to get our technology “product ready”. This has not been an easy task but we have made good strides. Although we have already begun some programs, we have moved our dates for most of our pilots from the fourth quarter to January, using what we can of our existing platform. Our pilot companies have been understanding and are looking forward to starting. The big news is that we are changing the structure of our existing CURA platform and are pursuing an aggressive timeline to create a new, robust platform that will meet our customers wants and needs. We are hoping to have this offering done and ready to deliver in March or April. This coincides well with the end of our pilots that we hope to convert to large sales. This will serve both our corporate and consumer markets. It must be stated that we know we have been very bad in estimating our dates for the CURA division. Our estimates have been based on information from the developers. Now that this responsibility has moved in-house I am hopeful that there will be significant improvement in our forecasting and performance.
Aegis Division
As reported, we are very excited regarding the testing of our pump and motor technologies. Our plans are to license these to existing companies. We have scheduled and will continue to schedule meetings with some very large corporations who have expressed interest. We will keep you posted as this process continues.
Corporate
We are continuing our fund-raising activities and have raised over $2.4 million. We are cautiously optimistic on reaching our goal of $4 million.
As I have previously stated, start-ups are messy and go through many difficult times on their way to success. CurAegis is not an exception to this rule. Even though we have two potentially world-changing technologies, their implementation is never easy. I very much appreciate your patience and that you continue to share our confidence in our future.
Thank you.
Richard A. Kaplan CEO
This must be a sensative topic....
I will refrase my question...does anyone know who the accounting firm was that represented Torvec/CRGS 17 years ago...?
GS wrote a check for $60,000 to convert 250,000 Class C preferred shares into common in December....you must have missed that.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SICONOLFI GARY A
(Last) (First) (Middle)
1999 MT. READ BLVD., BUILDING #3
(Street)
ROCHESTER NY 14615
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CurAegis Technologies, Inc. [ CRGS ] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/06/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/06/2016 C 250,000 A (1) 863,333 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series C Voting Convertible Preferred Stock (1) 12/06/2016 C 250,000 09/23/2011 09/23/2021 Common Stock 250,000 (1) 0(2) D
Common Stock Purchase Warrant $0.25 12/07/2016 A 24,000 12/07/2016 12/07/2026 Common Stock 24,000 $0.25 24,000 D
Convertible Promissory Note $0.25 12/07/2016 A $60,000 12/07/2016 12/07/2021 Common Stock $60,000 $0.25 $60,000 D
Explanation of Responses:
1. The reporting person converted 250,000 shares of Series C Voting Convertible Preferred Stock, par value $.01 per share, into an equivalent number of shares of Common Stock of the Company, par value $.01 per share, resulting in his acquisition of 250,000 shares of Common Stock of the Company.
2. The reported securities are included within 250,000 Investment Units purchased by the reporting person on 09/23/2011. Each Investment Unit consists of one (1) share of the Company's Series C Voting Convertible Preferred Stock, par value $.01 per share, initially convertible into an equivalent number of shares of Common Stock of the Company, par value $.01 per share, and a warrant to purchase one-tenth (1/10) of a share of Common Stock exercisable immediately for ten years at an initial exercise price equal to the greater of (i) $.01, or (ii) 80% of the volume weighted average sales price per share of the Company's Common Stock during the ten consecutive trading days immediately preceding the notice of exercise.
Kathleen A. Browne, POA for Gary A. Siconolfi 12/07/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
My view....
Bonadio and Kaplan and the rest of the insider team that have put, what I would consider, to be meaniful amounts of cash into these offerings, expect that they are going to get their money back....Kaplan, this week invests another $125,000 and Bonadio another $50,000....they are there and know what is going on....
I am following the smart money here....
If I recall....
They converted the shares to publically traded shares to give prior private investors an opportunity to sell their shares. There was not a cash infusion at that time as with an IPO....
Ha!..............
I'm still working Jay Arr.....still enjoy it....it's those first 5 days after Sunday that are a struggle.....
Standard annual Blue Sky requirements....
They have filed this type of info for every year
Must be a faulty pump.....
OTC needs to install Aegis pumps to keep the trading stuff running properly...
......maybe the person responsible for matching the CRGS trades dozed off....candidate for the CURA system....
Bid and ask....
Bid and ask are each .70 with no fill...... have been that way for 20 minutes real time
I am with you on that Dino...
This update actually gave me much needed comfort for the first time in a long time.....
The Cura tech works with both Android and Apple. You have 9 companies paying to run pilot programs....that doesn't happen if it doesn't work...Bug fixes with a software related product are a way of life. Those of us with Apple phones had two updates this week. Bug fixes and updates will always be part of the ongoing operations, however, now they will be done in-house.
here is a new update.....
Dear Shareholders,
I know it has been a while since my last CEO Report, but we have been waiting for a few events to occur before we could make some important announcements.
CURA™ System
The fatigue management and sleep industries are showing tremendous growth and attracting a lot of attention.
LACK OF SLEEP IS KILLING US
A “catastrophic sleep-loss epidemic” is causing a host of potentially fatal diseases, according to Professor Matthew Walker, director of the Centre for Human Sleep Science at the University of California, Berkeley. In an interview with the Guardian, he warns that sleep deprivation is not being taken seriously enough by employers and everyday people alike — according to his research, there is a “powerful” link between a lack of sleep and cancer, Alzheimer’s disease, diabetes, obesity, heart disease, and other conditions. "No aspect of our biology is left unscathed by sleep deprivation,” he says. “It sinks down into every possible nook and cranny. And yet no one is doing anything about it. Things have to change: in the workplace and our communities, our homes and families."
This is over and above the mistakes and accidents created by fatigue.
The CURA™ System now works with both iOS and Android phones. We finally have aligned the communications between our watch, the smart phone and our cloud, however, we still have some additional bugs to be fixed. I would like to emphasize that our patent-pending technology and our secret sauce have been working extremely well for the last 6 months. It has been very frustrating to have taken so long for this outside work to be completed. For this reason, we are bringing our App development in-house. Blair Anderson has been brought on as Director of Software Engineering – CURA Division. Blair’s expertise will allow us to control our own destiny. I am confident that with this change, we will quickly be able to clear out the existing bugs and greatly improve our products.
Our incredible inventors (and geniuses) Matt Kenyon, VP of Technology and Innovation – CURA Division, and Colin Payne-Rogers, Senior Mathematician, have been working on new research and development initiatives. Their new work has very exciting and transformative potential.
We have received extraordinary interest in the CURA System from potential customers, and their insurance carriers, in order to cut down on mistakes and accidents in the workplace, as well as increase productivity and lower absenteeism.
We have nine major pilots sold and scheduled for late October and/or November. We are now starting to deliver these systems. These pilots are in the areas of Trucking, Aviation, General Manufacturing, Mining, Athletics, Municipal, and Direct to Consumer. We are hopeful to soon start pilots with Medical, Busing, and other organizations in the vertical markets mentioned above. Each one of these can turn into major sales opportunities. Most are starting with 30 to 60-day pilots. Even assuming success of the pilots, we do not know at this time how long an actual complete sales cycle will take.
We have been asked by many people and organizations if the CURA System can be compatible or integrated with other smart watches such as Apple Watch. In response, we have started to do just that. We believe that in the next 90-120 days, we will be able to sell the myCadian CURA App for wearers of other watches. This will open up a whole new market for us. However, if a user or organization wants or needs the accuracy of a scientifically validated wearable for the CURA System, the myCadian watch is the only solution on the market at this time.
We are working on a direct to consumer strategy through large groups or organizations as well as through social media and our own online store. Previously, we have been concentrating on the corporate market and have been touting the tremendous advantages the CURA System brings to them. However, our system also has tremendous benefits to individual users. These benefits to individuals are described below.
“The CURA System is a breakthrough proprietary Wellness and Safety technology, created to make your life healthier and safer. Of the three essential elements of health (sleep, nutrition and exercise), sleep is by far the most important. In fact, good sleep can lead to success of the other two. Proper sleep can improve your longevity, enhance your quality of life, and significantly cut long-term healthcare costs. The good news is that, unlike diets that are difficult to start and hard to continue, or exercise that is hard to find the time and energy to do, improving sleep is much easier.
The CURA System will 1) make you aware of the importance of sleep in your daily life, 2) show you how to easily change your behavior to make your life safer, healthier and longer, 3) give you accurate and relevant real-time information about your current and long-term sleep and fatigue health. It is a life changer.”
We will give large discounts to members of these groups and organizations and their families. We believe, with this strategy, we can reach over 100 million potential users. Again, they can buy our watch and/or just pay the monthly fee for the App and use their existing Apple Watch or other smart-watch. From our research, we believe that in the thirty (30) top apps in the health and wellness category, there are six (6) that are sleep-related. However, no other system can do what the CURA System does.
We have hired a major PR agency to assist in our launch. This company is 100% focused on tech and have launched over 1,000 products in the last 10 years including major wearables. They are extremely excited about our product.
Aegis Pumps and Motors
On October 3, 2017, at CurAegis Technologies, an epic event occurred that may revolutionize the hydraulics industry. Our new motor/pump design took a month longer than our vendor estimated to transform it into our prototype, but the results of our testing are incredibly exciting. I must tell you that at the end of our test, our engineering staff and others actually stood up and cheered. It was like a moon landing.
With our new test stand, we can now test our prototype at up to 3000 RPM, at up to 5,000 psi. This will save us about $50,000 per test at a third-party location. Our new prototype motor is smaller (greater power density) than any competitive motor we know of. Our tests show it will be significantly more efficient than competitive motors. We believe we will also be less expensive than other axial piston motors on the market. This should give us the trifecta against competition. We have already started creating specifications for a variable displacement pump which we hope will be done in the next 6-8 months.
We have to give the highest accolades to Doug Hemink, Director of Technology – Aegis Division, and his group of incredible engineers, for creating this ingenious, new, and disruptive technology. The complexity of this engineering feat is mind-boggling and the creativity needed to envision the technology is very rare to find.
Our plan is to license our technology to major manufacturers. We may consider an exclusive licensing agreement for a period of time if we feel that it is the best way to reach the OEM and after-market customers. We are now scheduling meetings with some of the major manufactures. At this time, we do not know what their reactions will be. However, our preliminary discussions have been encouraging.
We are still in the midst of a minimum of a $3 million raise. We have taken in over $1.6 million so far and are in conversations with many potential investors. Our hope is that this will be our last raise and that we will be able to “boot strap” ourselves from now on.
This is a very exciting time and barring “Murphy’s Law”, we should have meaningful revenues soon.
Again, thank you for your patience and confidence.
Sincerely,
Richard A. Kaplan.
Chief Executive Officer
Has anyone checked App Store at Apple......?
There is a myCadian app by Curaegis Technologies available for consumption......
Explains what...?
That sleepman.com device was crowd funded with $50,000 raised and then cancelled because it didnt work. This same group is now crowd funding a new and improved frying pan. Yes a frying pan.....
Today is looking like it's going to be a big day......
23 shares already traded....
Sorry....couldn't help myself
Saunders just upped his investment in CRGS....
He bought $500,000 of convertible notes....shows confidence in where this is going....
I see the insider buying.....
....and I block out the noise....
But the discussion on this message board during the time period you reference (and I use the term discussion loosely) was that CRGS may not to able to continue on........
I saw all that....I chuckled
I just realized something after looking at the filings...
Kaplan bought convertible notes twice in the last month. I thought it was one transaction. He put in $100k on 7/12 and another $125k on 8/10. For some reason I missed the second transaction and thought it was the filing for the first one.
So the CEO puts in $225k into CRGS since 7/12.....
4toschool....
My point was that while this is ramping up short term, the big sales volume comes in 12 months or so as the customer base widens and deepens, along with corresponding price lift with it.... Might be a little pre-mature to unload at this point. Your call...I'm long and strong on this.
You've waited this long for this thing get moving, and it's almost there...
Here's my take....
This technology and it's stock are not even close to being "out there" resulting in a thinly traded, unknown entity......I would be on here calling it a tactical error to over-promote this tech too early.
CRGS has not even taken the wrapper off this thing yet and the awareness needle has hardly even moved yet........As much as any of us, myself included, wish we didn't have to wait any longer, I am thrilled to have something to wait on......... Let the sales cycle get some traction and I believe we will see Kaplan's plan unfold, many pieces of which we will not have known were part of his roll out, global ramp up strategy.
I feel comfortable that the value of this company will be unlocked in a gradual upward trend over the course of next 12 to 24 months, to really significantly monetize this tech and capture a chunck of market share, if not dominate this particular application..... and it will not be without volatiltiy in the price of the stock. I don't see this as trading type of holding. It's a long term hold for me, to which I've oportunistically added shares several times on dips.
I said this a few weeks ago.....I hope they have the ability to meet demand thru their supply chain and the fabricator.....
At some point in the coming months, CRGS will release the hounds.....
I've got the over bet.....