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pretty sure
that would make for a lively shareholders meeting.."Hey Thanks for hanging in there for all those years with us..oh by the way the number of shares you own just got divided by 10" or 7? or 3? or whatever the case maybe..He'd need a whip and a chair..now "multiplied by" ..Well that's different story.....
This is the section
that brings a slight grin to my weary face....
"The board believes that events may materialize and circumstances may dictate that it would be in the best interest of the company's shareholders for the board to declare one or more common stock dividends or common stock-splits. In addition, the board anticipates that upon the happening of a commercializing event, the company will list its common stock on a national securities exchange or NASDAQ. Upon such listing, the company will need a significant number of additional common shares in order to create greater liquidity and attract institutional investors."
That in my simple mind is laying the groundwork for Torvecian's
long awaited moon shot..Or am I delusionally depressed after watching the Bills throw up all over themselves ( yet again)....Again in my mind..something's brewing or man are they ever leading with their chin !!!!!!
I appreciate that..
would think the fact that they have an American National in charge of Manufacturing and Export Markets ( ex GM) may indicate they are sensitive to that perception as well..
in the meantime here is a scorecard for other potential "tire kickers" of all things TOVC...I think this came from the World Fortune 500 list...?
Industry: Motor Vehicles & Parts
Rank Company 500 rank Revenues ($ millions)
1 General Motors 5 192,604
2 DaimlerChrysler 7 186,106
3 Toyota Motor 8 185,805
4 Ford Motor 9 177,210
5 Volkswagen 17 118,377
6 Honda Motor 31 87,511
7 Nissan Motor 41 83,274
8 Peugeot 60 69,915
9 BMW 78 57,973
10 Fiat 79 57,834
11 Hyundai Motor 80 57,435
12 Robert Bosch 99 52,208
13 Renault 100 51,365
14 Volvo 178 32,184
15 Denso 207 28,160
16 Johnson Controls 211 28,020
17 Delphi 219 27,201
18 Mazda Motor 235 25,789
19 Bridgestone 245 24,440
20 Suzuki Motor 249 24,258
21 Magna International 273 22,811
22 Goodyear Tire & Rubber 327 19,723
23 Michelin 335 19,372
24 Aisin Seiki 344 18,730
25 Mitsubishi Motors 345 18,725
26 MAN Group 354 18,230
27 Koc Holding 358 18,084
28 Continental 376 17,194
29 Lear 380 17,089
30 Visteon 386 16,976
31 China First Automotive Works 470 14,511
32 Shanghai Automotive 475 14,365
33 Paccar 489 14,057
34 Isuzu Motors 491 13,971
Indeed..
no idea of the author Beach but that goes in "the keep file.." Enjoy your weekend and the serenity..I'll probably be parked in front ot the T.V. cursing the Bills...Dread- thanks for the response on the currency question..I'll just keep hanging out..waiting on some volume..
Jd
From Today's Yahoo Finance..
I hope our team is taking in to consideration all the currency
challenges we have between us And the Chinese..?? In addition would welcome any thoughts about a straightup stock swap..Let's say Peng Pu came to the table pen in hand-is the resulting arrangement going to provide liquidity hurldles for TOVC shareholders..Not a leading question I just don't know..??I also realize any answers to this speculative question will be speculative..
Soaring Oil Prices Push Trade Deficit to Another Record in August
WASHINGTON (AP) -- America's trade deficit hit an all-time high as record imports of oil swamped a solid gain in U.S. exports. The politically sensitive deficit with China set a record, a point that Democrats are sure to use in attacking President Bush's trade policies in the closing weeks of the battle for Congress.
The deficit rose to $69.9 billion in August, up 2.7 percent from July's $68 billion deficit, which had also been a record. The sharp deterioration in the deficit in recent months has occurred because soaring global oil prices have pushed America's foreign oil bill to historic highs.
Analysts believe the deficit will begin to show improvements in coming months, reflecting the fact that oil prices, which had surged to $77 per barrel in July, have fallen by about 25 percent since that time.
In a second report, the number of newly laid off workers filing for unemployment benefits rose by 4,000 last week to a seasonally adjusted total of 308,000.
The widening trade gap occurred even though U.S. exports of goods and services set a record, rising by 2.3 percent to $122.4 billion. This increase, however, was offset by a 2.4 percent rise in imports, which also set a record at $192.3 billion.
The trade deficit is on track to set a record for a fifth consecutive year, running at an annual rate through August of $784.2 billion, 9.4 percent higher than last year's $716.7 billion record.
Democrats, campaigning to wrest control of Congress from the Republicans, contend that the string of record deficits documents failures of Bush administration trade policies that they contend have not addressed unfair trade practices by other nations, particularly China.
The deficit with China shot up by 12.2 percent to a record of $22 billion in August and is running 13.5 percent above last year, when it hit $202 billion, the highest ever recorded with a single country.
Treasury Secretary Henry Paulson, the former head of Goldman Sachs, has made negotiations with China over its currency system and other trade policies a top priority. But it remains to be seen whether his efforts will produce any better results than his predecessors.
American manufacturers contend that China is keeping its currency artificially low against the dollar by as much as 40 percent in order to make Chinese goods cheaper in the United States and American products more expensive in China.
Paulson has argued that China should move more quickly to allow its currency's value to be set by markets but Chinese officials say they are concerned about what such volatility would do to the country's banking system.
For August, the $2.7 billion rise in exports reflected record sales of American farm products and U.S. consumer goods including artwork and antiques.
The $4.6 billion increase in imports was led by a $1.1 billion increase in oil imports, which hit a record high of $29.7 billion. That reflected an increased volume of oil shipments and a record average price of $66.12 per barrel of imported crude, topping the previous record of $64.84 per barrel set in July.
Analysts believe that with spot oil prices falling below $60 per barrel, down from a record of $77 set in July, the oil bill will start to fall, helping to narrow the trade deficit in coming months.
Imports of food products set a record of $6.5 billion in August, topping record U.S. exports of food, which climbed to $6.1 billion.
Yeh..
If our moderator is tongue tied..we're officially quiet...
surfing the other day found this little primer on that Gas To Liquid tech mentioned previously by the G's as being a wonderful fit with the IVT Technology..While this is not earth shaking- it does maybe help connect a dot or to..If buses, some class three type trucks were to convert to the clean diesel referenced..well it's a start..Dread..If you do unlurk you should start a poll/survey/ raffle contest..TOVC Share price on 01-01-07..??..winner gets...box of Pro-V's??Beer for a month??
From "Earthbound news" or something to effect- Sorry I'm not a subcriber !!)
Tue May 10, 2005 (AP)
Gamble in the desert — ‘green’ diesel from natural gas could cut city smog
JIM KRANE
Associated Press Writer
RAS LAFFAN INDUSTRIAL CITY, Qatar (AP) — The rat’s nest of pipes and columns snaking across the desert harbors a secret process that will use cobalt to turn natural gas into a powerful, clean-burning diesel fuel.
By next year, rulers of this tiny desert sheikdom hope, these gas-to-liquids (GTL) reactors under construction will bring in billions of dollars while clearing big city smog belched by trucks and buses.
Petroleum experts who have sniffed vials of gin-clear GTL diesel speak of it with reverence.
“It’s a beautiful product,” says Jim Jensen, a Massachusetts-based energy economist. “The kerosene smells like perfume.”
In all, some US$20 billion (euro15 billion) has been committed to build an unprecedented array of clean diesel plants in this Gulf shore industrial park.
Those chipping in include oil titans Royal Dutch/Shell Group, ChevronTexaco Corp. and Exxon Mobil Corp., which is making a US$7 billion (euro5.4 billion) bet on GTL, the largest investment in the corporate history of America’s largest company.
Smaller plants in Malaysia, South Africa and the United States have proved the technology works, but none is nearly as large as those planned here. In a few years, says Andy Brown, who heads Shell’s office in Qatar, the country will be “the GTL capital of the world.”
“This really is where GTL will come of age, where the industry will be born,” he said.
By 2011, the Qatar plants should be producing 300,000 barrels of liquid fuels and other products daily. The largest GTL plant now producing is Shell’s plant in Bintulu, Malaysia, churning out 14,700 barrels per day.
The investments amount to a big gamble on a clean alternative to pollutant-rich crude oil, based on an obscure “synthetic fuel” process developed to make fuel from coal in 1920s Germany.
Like Qatar’s headlong rush to produce liquefied natural gas, the ruling sheiks here are pushing GTL as an idea whose time has come.
The clean-burning fuel, with almost none of the smelly sulfur soot belched by engines firing on conventional diesel, appears tailor-made for countries looking to reduce emissions in line with the Kyoto Protocol on global warming.
Faisal al-Suwaidi, chief executive of Qatar Liquefied Gas Co., said he’s gotten interest from Japan, Canada, Korea, Europe and the United States, the world’s largest polluter. Although Washington has refused to sign the Kyoto protocols, state and local caps on emissions are pushing refiners to clean up diesel.
Complying with Kyoto’s strictures “is agenda item No. 1 when we visit countries like Japan,” al-Suwaidi said over coffee in his office in the Qatari capital, Doha. “This is the product for them. This is green diesel.”
As far as carbon emissions go, green diesel appears to offer only a modest dent, partly because natural gas contains less carbon than oil-based diesel to begin with. The big difference is in sulfur.
Sulfur emissions from diesel engines cause as many as 10,000 deaths a year among Americans with heart and lung ailments, said William Becker, who represents state and local air pollution control agencies in the United States.
“It’s a matter of life and death,” Becker said. “And the solution depends on removing the sulfur.”
Emissions can be cut further by adding better filters that remove up to 90 percent of remaining particulates, said Richard Kassel, a fuels expert at the Natural Resources Defense Council in New York. Sulfur-laden diesel gums up these finer filters, he said.
“Clean fuels open the door to the most advanced emission controls,” Kassel said.
Tests of GTL fuel are under way in several countries. Shell is already selling the fuel in Thailand, The Netherlands, Greece and Germany, charging slightly more than its oil-based diesel. In Europe, Shell calls the fuel V-Power Diesel.
Environmentalists like Kassel caution that GTL fuel is most attractive when high oil prices make it competitive. The fuel will probably see most of its smog-cutting in developing countries where emissions standards will require better filters.
“It’s going to be a very important blending stock but the idea that it’s going to compete with crude oil is overstating the case,” Jensen said. “It sort of cuts down on the use of crude but it’s not going to massively change things.”
GTL diesel from Sasol Chevron, the South African-American joint venture that is a 49 percent shareholder in the first Qatari GTL plant, will surge onto the market next year and could wind up as a niche fuel that powers fleets of city buses and trucks, company spokesman Malcolm Wells said.
More likely, says economist Jensen, the clean fuel will be blended with crude-oil diesel to lower sulfur emissions into compliance with tightening standards in several countries.
The economics of GTL make sense, experts say, when it’s produced on a large scale and with a cheap source of natural gas. And Qatar, a Connecticut-sized thumb on the Arabian peninsula, is perhaps the world’s best source of cheap gas. It sits on a bubble containing 10 percent of the world’s known gas reserves, conveniently gathered in the planet’s largest reservoir.
By 2011, Qatar hopes three ventures will convert natural gas into more than 300,000 barrels per day of liquids, most of that diesel fuel, but also including naphtha, liquid petroleum gas and lubricating oil. That much synthetic diesel won’t cut into the current market for oil-based diesel — 13 million barrels a day — but it might help clear some skylines.
The fuel will be sell for more than conventional diesel, and is hugely profitable with current oil prices above US$50 (euro39) a barrel. But Shell will still profit if oil drops to US$20 (euro15), Brown said.
Exxon Mobil aims to produce 155,000 barrels per day by 2011, said Wayne Harms, Exxon’s chief in Qatar.
“We have a lot of money invested here. We’re going to invest a lot more,” he said. Exxon counts investments in some 200 countries, and Qatar “will be one of our top countries by the end of the decade,” he said.
I'm on it
Nigel..........
If they would just change one word..
discussions to negotiations....!!! I always prefered that
word..Have a nice weekend...
release late this p.m..
language remains interesting..
"Item 8.01 Other Events.
On July 27, 2006, the company announced that a "no comment" edict had been self-imposed by management for a minimum period of ninety days beginning on August 1, 2006. The edict resulted from management's then expectation that "discussions with a number of companies may reach a critical and sensitive stage when any public comment, no matter how well intentioned, can be harmful and extremely counter-productive to the goal of commercializing our products."
Since this announcement, management's expectations are being realized and discussions with numerous companies, both domestic and foreign, interested in our Full Terrain Vehicle, our infinitely variable transmission, the Iso-Torque differential and/or our Constant Velocity Joint are ongoing and have intensified. At the same time, ongoing meetings with local, state and national governmental officials are resulting in increased political support for our school bus program.
These discussions remain at the sensitive and critical stage. Consequently, while the company will continue its current "no comment" policy, management will announce the results of such discussions as soon as they become finalized
Last post
today I promise..
This I thought was good read...China sitting on 1 Trillion in Foreign Cash..Let your mind ponder that one..
The financial trap facing the U.S., China
China is awash with cash. The United States is the world's largest borrower. Yet the nations face a similar challenge: balancing consumption and savings in an aging world.
By Jim Jubak
The United States, the world's biggest debtor, and China, the world's biggest creditor, each passed major statistical milestones this month.
In the second quarter, the Commerce Department announced this month, the United States paid more to its foreign creditors than it took in from its overseas investments -- the first time that's happened in 91 years. The gap was relatively small, $2.5 billion for the quarter, when measured against a $13 trillion economy, but it was still a milestone.
At the end of September, China's foreign-exchange reserves topped $1 trillion. Thanks to foreign investment in China and the country's huge trade surplus, China's foreign-exchange reserves are climbing by about $20 billion a month. In recent months, China's reserves have grown so quickly that the country has taken over first place from Japan, with reserves of $880 billion at the end of August.
2 countries on parallel tracks
The two countries couldn't seem to have less in common: The United States owes an increasing debt, and China is piling up foreign exchange at a record rate. But in reality, both countries face the same problems: How do you balance consumption and savings in a rapidly aging world? The U.S. has gone way too far toward consuming without saving, especially considering the huge financial costs that result from the aging of the baby-boom generation.
But China is out of balance, too. The country saves too much and often invests money foolishly. The country is aging even more rapidly than the United States, albeit from a younger starting point. And it has less infrastructure in place to support that aging population than the United States does. China's current cash flow may represent a one-shot opportunity to prepare for the aging of that society.
Each, in its own way, is spending too much on the present.
Is U.S. nearing financial avalanche?
In July, the United States may have reached a tipping point, one of those moments when all the snow that has been building up in the mountains suddenly becomes an avalanche. We've been spending more than we take in with both hands for a while now. But only recently has paying the interest on all that debt really started to cost us very much money.
The United States has piled up a string of monthly trade-deficit records recently. The July 2006 deficit of $68.04 billion, for example, erased the October 2005 deficit of $66.6 billion. For all of 2005, the United States spent $717 billion more on goods and services than it took in -- also a record. So far, 2006 is on a pace to handily surpass that deficit: The January-July 2006 deficit hit $453 billion, way ahead of the $398 billion deficit in the corresponding period of 2005.
At the same time, the U.S. government has been spending more than it took in. Since 2001, the federal government, certainly not the only layer of government practicing deficit financing, has borrowed $1.3 trillion to pay for tax breaks, new Medicare drug benefits and the war in Iraq.
Foreigners make U.S. deficits possible
Foreigners have picked up the tab for most of those twin deficits. Foreign investors have purchased U.S. government bonds that the federal government has used to finance its spend-now, pay-later policies. The dollars we sent overseas to pay for everything from oil to electronics to textiles to toys have been recycled by foreign investors into U.S. government bonds, corporate bonds and mortgage-backed securities (a form of debt backed by the mortgages on U.S. homes). My MSN Money colleague Bill Fleckenstein has railed against the way that we turned our homes into ATMs during the real-estate boom. Well, it was foreign investors buying bundles of mortgages on U.S. real estate who kept those ATMs stocked with cash.
By the end of 2005, overseas investors held $13.6 trillion in U.S. stocks, bonds, real estate, businesses and other assets. Subtract the $11.1 trillion in assets owned by U.S. residents and companies, and the U.S. had a net negative balance of $2.5 trillion. That's about $23,000 for each of the 110 million households in the nation, according to the U.S. Census Bureau.
"Tick-Tock.."
He's been counting down The Launch since 99- maybe sooner???
That's the cat with the Patience of Job.. ( no offense Job)
but Torvecian is a grinder....I think he teaches Dale Carnegie..
Dyna:
Good point..I wondered that too..Looks like he's (Reynolds) got a guy to jump on the grenade for him..Hopefully Flaum knows
Eric Massa too just in case..??? Hey Torvecian how come you haven't posted a "tick tock" in over 8 months..getting nervous or is your clock now digital ???? Trucker, As far as the Visa question I don;t know the answer but general sense is whatever is more difficult and takes longer that would be the tact of our State Department..
Still kinda cracks me up
to have Kirkorian @ 89 cited as a "long term investor.".At 89, that is quite the optimistic stake he has in GM- he better hope that turnaround is in the works....makes me feel a little
impatient for getting antsy during a 3 month quiet period in an investment where all the indications from management were very bullish prior to the lights going out.....Oh well that's human nature,the nature of a speculative investment I suppose, and then there's that guy Murphy....
GM latest..
Not a real shock here..another month or two and hopefully we'll know what's been going on with TOVC..and Yes I would expect it to drift down below $2 if we hear nothing from management in 06..I think they know that and will try to inform as best they can..I guess after all this time I'm gonna believe and hope that this is coming to fruition..It doesn;t have to be another "microsoft" to make me happy..just have a reasonable valuation based on commercialization prospects..
Peace Leitrim
GM-Renault/Nissan Talks Called Off
Wednesday October 4, 2:00 pm ET
By Sarah Karush, Associated Press Writer
GM-Renault/Nissan Alliance Talks Called Off
DETROIT (AP) -- General Motors Corp., Renault SA and Nissan Motor Co. said Wednesday that they have cut off discussions about forming a global automaking alliance.
The companies said in a joint statement that they could not agree on what the benefits of the alliance would be or how those benefits would be distributed.
GM had proposed that Renault-Nissan, which are already joined in an alliance, provide compensation as part of a potential link-up, the companies said. But Renault and Nissan believe compensation would be "contrary to the spirit of any successful alliance," according to the statement.
GM shares fell 57 cents, or 1.7 percent, to $32.84 in afternoon trading on the New York Stock Exchange.
The companies had been working toward a self-imposed Oct. 15 deadline for evaluating the alliance proposal and a week after GM Chairman and Chief Executive Rick Wagoner and Renault-Nissan CEO Carlos Ghosn met face to face in Paris.
Afterward, GM officials voiced skepticism about the proposed linkup, saying Renault-Nissan stands to benefit more than GM.
The idea to join the alliance has been promoted by billionaire investor Kirk Kerkorian, who owns a 9.9 percent stake in GM. After Wagoner's meeting with Ghosn, Kerkorian turned up the heat by announcing he might increase his stake in the company. He also called for an evaluation of the alliance proposals by independent advisers.
Sometime
ago one of our posters sent an inquiry to Torvec on the advantages of the pump and motor tech and recived a very concise and enthusiastic response from "Torvec's Engineering team". This sound familiar?? weight, power etc???.I certainly wouldn't think having the advantages outline again would violate the self imposed rules of the "quiet period".Perhaps it would.. It was basically gushing praise the Vernon's application of hydraulics..Please remember I'm technically challenged..
Swiss???
That hurts..The Gutless is an insider between me and Dyna..He'd tell ya but I'm sure he's already at Hooligan's..
it's after 4:00
Not bad for a
gutless Irishman huh..That stuff is a little more in my wheelhouse than the potential tax implications my theoretical windfall..Enjoy your day..
<I would venture a guess that S-OX means little to some withing the company.>
I would venture a guess it means quite a lot to Corporate Counsel and their D&O carrier and that their reason for the "quiet period" is exactly that..keeping things under wraps until required by your friends At SEC to release pertinent information to the public..If there was absolutely nothing pertinent going on behind the scenes that may be sensitive and involve numerous other parties..why be quiet??? keep the semi monthly updates going etc..Torvecian is right, they are required to file concerning material developments..We probably should all just go on mental holiday until they do..healthier....pull the plug Dread..put us in a cyber induced coma...!!!!
The Alfa...
Hands down..Even I would look good in that car...
Gents..
this is a discussion/argument where there isn;t gonna be a win..I figured this would happen but if you go back over the years in this one..we went far longer with very little feedback on progress and yet hung in there..Hey I'm the umtimate fence sitter cause I think there will be such disparity between what companies want to buy this tech for and what the G's think is just and fair..I think that is what is being hammered out right now..Jg says they are not neophytes on this playing field- it's obvious we could use a win..seeing it drop for no apparent reason sure isn;t as much fun as seeing it run for no apparent reason is it.....
Apologize in advance
if this article was referenced earlier..
I found it somewhat helpful for the mechancially challenged
with respects to the IVT....
One pumped-up automatic
Automotive Design & Production, March, 2004 by Christopher A. Sawyer
What Is It?
The Infinitely Variable Transmission (IVT), a hydro-mechanical replacement for conventional automatic transmissions in diesel-powered vehicles. "Our goal in creating the IVT was to manage a diesel engine in such a way that you could take advantage of its low-rpm torque capability," says Torvec, Inc. (Pittsford, NY) president Keith Gleasman, "to get fuel economy on par with a diesel/manual gearbox combination." The transmission displaces 12.7 in. (3), is capable of 300 hp., is 16.5-in. long and 7-in. in diameter, and weighs 78 lb. The hydraulic pump and motor are 80% interchangeable, with identical pistons (nine in each unit), cylinder blocks, housings and valving. A gearset reminiscent of the Torsen differential (invented by Gleasman and his father, Vernon), connects the pump and motor, and sends power to the driveshaft. The prototype is fitted to a Dodge Ram 4X4 with Cummins diesel power.
This Sounds Familiar ...
You're thinking of the Hydristor (http://www.autofieldguide.com/articles/100304.html), a variable-vane hydraulic pump automatic transmission. Though both Torvec's IVT and the Hydristor use hydraulic pressure to transfer power from the engine to the wheels, the IVT adds a gearset to the mix, and focuses mainly on improving city and urban fuel economy. The Hydristor is being developed to work with powertrains of all types and provide benefits at all speeds.
Isn't hydro-mechanical drive inefficient?
Gleasman says the noise and inefficiency of a conventional piston pump is due to its rotating cylinder block, and inefficient inlet and outlet port designs. The IVT uses a swash plate design that imparts reciprocating motion via the inclination of a faceplate on a shaft relative to the axis of rotation. This plate can be inclined up to 25[degrees] in either direction (for forward or reverse gears), or held at zero inclination at idle. Rotational mass is reduced, and the need for an outer casing eliminated. Overall efficiency hasn't been tested (a program to do this in conjunction with the EPA is under negotiation), but Gleasman says the volumetric efficiency of the IVT pump/motor is 99%.
What about the real world?
In testing, the Torvec-equipped Dodge Ram 4X4 (test weight: 8,000 lb.) was driven continuously from 0 to 30 mph alongside a 4X2 Dodge Ram with a 5.7-liter gasoline engine and test weight of 6,000 lb. The half-ton 4X2 returned 9.9 mpg, while the IVT-equipped truck got 18.2 mpg, about what one would expect from a diesel/manual gearbox powertrain. However, the IVT version can do things a manual can't. "At one point, we had the IVT at a 70:1 reduction ratio," says Gleasman, "and were able to get out of the truck, walk around it, and get back in while it was moving." Yet, the truck can accelerate from 0 to 60 mph in 10 seconds with the engine never exceeding 1,850 rpm. This is an average speed increase of 110 rpm/second between the engine's 750 rpm idle speed and the 1,850 rpm seen at 60 mph.
Anything else?
The pump design can be used to power an energy recovery system that captures and stores energy during coast-down and braking. Another version plumbs a pump directly to the back of the engine that drives two half-size motors that send power to the front and rear axles. And the military is interested in the ability to bring a vehicle to a complete stop using only the IVT.
By Christopher A. Sawyer, Executive Editor
COPYRIGHT 2004 Gardner Publications, Inc.
COPYRIGHT 2004 Gale Group
Dyna..
that was my take on Kg's Guest Essay not Dread's..opinion obviously not fact..You are probably right beats me..I don't think they ( The G's) look at the readership of our paper as potential acquirers of the technology one way or the other- hopefully end users one day...Was it bad for "Our image"- I don;t think so - you thought it was pitiful..then again it never bothered me that the company operated out of Vernon's basement for 5-6 years either..??
ATL:
It seem the purpose of the page was to highlight ingenuity-inventions that may lead to business development etc etc...I would bet that KG was sought out by D&C and not the other way around??..A part of me kinda hopes that they blow the cover off the ball on this valuation and the whole company sells for a huge multiple ( for obviously selfish reasons ) but also it has always boggled my mind at what the D& C follows and considers business information & what they miss or overlook....In fairness I think the RBJ has done a pretty good job in folowing TOVC as a start up and in trying to uncover what they really posess..my two cents...If we go into 07 quiet, I will forward all future queries to Wilson for his thoughts...
Diesel..
From Yahoo Finance..just a highlight..maybe we get somebody to put our IVT into Diesel and maybe even our Transmission into a hybrid and ( they) can claim the "environmental crown"...???...Murtaugh?? Carlos?? Anybody home....?? anybody else gettin squirrelly??? I Went to Dick's and bought a volley ball that I talk to in between calls...
"Honda's new engine"
Honda (HMC) says it has developed a "super-clean" diesel engine that will emit no more pollution than a gasoline-powered one. Diesels get up to 30 percent better fuel economy than gasoline engines, but never caught on in the U.S. because they were far dirtier. Honda's would be the first diesel to meet California's tough 2009 air-quality standards. Honda also said it would start selling a hydrogen fuel-cell powered sports sedan in 2008. Toyota took the "environmental crown" with its Prius hybrid, said powertrain analyst Anthony Pratt of J.D. Power & Associates. "Now Honda wants it back." (Los Angeles Times, free registration required
Agree..
I would bet that KG was sought out to write that piece for the theme of that page.."inventing to create potential jobs" etc..I don't think it is a priority to educate the masses..structure the best deal and let the buyer and THEIR marketing departments explain the competitive advantages of their newly acquired technology..make the best possible deal and none of us ( especially Job and his silk sheets..) will care about past stumbles..
That's interesting Dread..
Didn't even know Ford had a position to exercise with that Rover brand??.Suppose this development maybe heats up SAIC and that Ex-GM guy (Murtaugh) to accelerate SAIC's own identity/branding- If they can be creative, implement real quality in their manufacturing how can they not make a dent in world market with their labor cost advantage..?? It's Economics 101 - Too simplistic?? As always keep those thoughts coming..To all- especially Artguy- I like that about this board..ask a question- get a thoughtful well reasoned response..appreciate that last one on the Global Oil..This certainly is a moving target..
Gas Prices...
Starting to hear alot more in this line of thinking..welcome thoughts on the immediate impact on IVT Negotiations..If our applications are primarily diesel...School districts. Commercial fleets still want to save cost..?? Hopefully??
Why $1.15 gas isn’t a fantasy
Sure, it sounds far-fetched, but the pieces are starting to fall into place for what could be a dramatic drop in oil prices over the next few years.
Remember when you paid $1.15 a gallon for gasoline?
You could be paying it again. Maybe not this year, but perhaps in the next few years.
Sure, oil experts say there's little excess refining capacity. Oil reserves are stretched. Oil consumption is soaring in China and India.
But things are starting to change. Drivers are changing their habits. Global tensions are easing, and more supply is on its way.
Crude oil zoomed to nearly $80 a barrel this summer as traders fretted about waning supplies and two big potential problems: tensions over Iran's nuclear research program and Katrina-style hurricanes threatening oil production in the Gulf of Mexico.
To keep prices moving ever higher, traders needed -- and frequently got – a steady stream of bad news. "It was like you needed a fifth of booze a day to keep the buzz going," says Peter Beutel of Cameron Hanover, a Connecticut energy consulting firm.
But prices began falling a month ago when it became clear hurricane season wouldn't be anything like last year. Oil traders have come to sense, too, that all the saber rattling over Iran was dissipating. "We got everyone leaning the wrong way," Beutel said.
(In fact, a big hedge fund was forced to tell its investors this week that it would be taking a huge loss because it bet the wrong way on natural gas.)
Result: The spot price of crude oil closed at $63.23 a barrel in New York on Thursday, down nearly 18% from a peak of $77.03 a barrel on July 14. Crude rallied slightly on Friday and Monday.
AAA says the national average price of gasoline is $2.495 a gallon, down nearly 17% from peaks in August, and there are some communities in Missouri where it has fallen under $2 a gallon. Prices should moderate further in the coming weeks because the summer driving season is over.
The oil price break has forced everyone in the energy business to take a hard look at how much lower prices could fall. A lot lower, says Philip Verleger, a noted energy consultant who was a lone voice several years ago in warning that oil prices would soar. Indeed, he told McClatchy Newspapers last week, "All the hurricane flags are flying" in oil markets.
If everything falls into place, crude could drop perhaps even to $15 a barrel, Verleger says. And then, he says, you would see gasoline at $1.15. Here's how that could occur.
Oil and gasoline inventories continue to grow. They've been building up all over the world as users and refiners have scrambled to ensure enough supply in case, say, the Strait of Hormuz in the Persian Gulf is shut down. Tankers from Iran, Saudi Arabia, Kuwait, Iraq and Gulf oil producing countries must pass through the strait to bring crude oil to the rest of the world.
The weather cooperates. On top of a hurricane with few threats to the oil and gas fields in the Gulf of Mexico, weather cooperation means a warm winter like the winter of 2005-2006. That would drop demand for heating oil, a key heating source especially on the East Coast and in Europe. And that would create excess supplies of crude that refiners could use to make gasoline.
Tensions in the Middle East continue to ease. This assumes conflicts between Israel and Hezbollah in Lebanon tail off and that Iran and the rest of the world come to an agreement over Iran's nuclear program. (Admittedly, the latter is a reason why the scenario could fall apart.)
Drivers take the bus. There is anecdotal evidence that U.S. drivers are finding other ways to get around with gas prices above $3. The big question is if they will they climb back behind the wheel as prices drop.
Those four pieces are just the start. Beutel thinks two more catalysts are starting to emerge.
1. At current prices, Beutel says, "you can drill a lot of dry holes before you give up on a field." And so, drawn by the potentially huge profits, energy companies are finally starting to make plans to drill for more oil.
Example: the Jack 2 field in the Gulf of Mexico now being developed by Chevron (CVX, news, msgs), Devon Energy (DVN, news, msgs) and Norway's Statoil (STO, news, msgs). While the field is 7,000 feet under water and another 20,000 feet under the ocean floor, it's also huge. One report suggested it could boost current U.S. reserves by 50%.
Cambridge Energy Research Associates says some 360 additional drilling projects are now under way and global supplies could grow by some 25% by 2015.
2. Beutel thinks buyers are already demanding more fuel-efficient vehicles. "They're not buying SUVs," he says.
Not now anyway. But don’t write the Hummer’s obituary just yet. Beutel thinks that, at some point, prices will drop so low that Americans will get complacent and start driving big gas-guzzlers again. And the cycle will turn
Source MSN Date 091906
Agree..
but he better change his material if he plays any comedy clubs
Wayne County!!!..I remember relaying a joke to a guy that the Satellite Dish was refered to as the West Va "State Flower.."
Turns out he was from there..He didn;t think it was as funny as me..don't think I closed that sale....
if nothing else....
it should be an interesting day when they do become "unquiet" and have something to announce that get's noticed by more than a very small section of Eastern Monroe County. That day should create a simple supply and demand scenario in which more people really want to buy torvec stock and realize that there isn't very much to buy..Torvecian has been prophesizing about that day since Nostradamus was in grade school.. like you guys ..hope it's closing soon..I'm ready..We're all ready...
I suppose so...
Do you think she may be clearing her throat...
That's a valid question...
They've invested Millions, have untold hours in this venture, in reality this is their father's Life's Work..granted that is the leap of faith here as it is when investing in most public ventures..does Management have shareholder's interests at the forefront ( TYCO..I have to believe that when the original milage
verification from the Diesel tests were released years ago and we had that nice little bump to 9.50 that they could have liquidated..those were pretty compelling numbers when you think about the number of diesel trucks we use in this country alone- somebody would have plunked down the money to commercialize.....Here's to hoping they announce deals with commercialization ready partners and the stock runs on it's own merit..And it would be exceptionally cool if this were to start to happen in 06..I'll see you and Dyna for my tax consulting..
The Jedi has returned..
and we're discussing Dyna's physical attractiveness..Guess it's official- The quiet period has officially hit IHUB...
LOL...Thanks
Change of gears..
( please....) from Yahoo..( perhaps a timely read...)
Paulson Calls for China Economic Reforms
Wednesday September 13, 11:38 am ET
By Martin Crutsinger, AP Economics Writer
Treasury Secretary Paulson Calls on China to Adopt Economic Reforms, More Flexible Currency
WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Wednesday that he will urge the Chinese to move more quickly to adopt economic reforms, including a more flexible currency.
But in his first speech on the international economy since joining the Bush Cabinet in July, Paulson stressed that the administration will oppose efforts in Congress to punish China for a soaring trade gap with the United States.
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"Protectionist policies do not work and the collateral damage from these policies is high," he said. "We will not heed the siren songs of protectionism and isolationism."
Paulson sought to lower expectations that he will achieve any major breakthroughs when he visits Beijing for two days of talks with Chinese officials next week. He stressed, instead, that he would discuss economic reforms that the Chinese need to pursue that would benefit the Chinese economy.
Paulson's first extended remarks on China signaled an apparent shift in an administration strategy away from applying extensive pressure on the Chinese to do more to allow their currency -- the yuan -- to rise in value against the dollar as a way of dealing with a huge and rising U.S. trade deficit with China. Last year, that red-ink figure was $202 billion, the biggest imbalance ever recorded with a single country.
While former Treasury Secretary John Snow, Paulson's predecessor, pursued an increasingly tough line that China needed to move more quickly on the currency issue, Paulson adopted a less confrontational approach in his speech.
He mentioned the currency issue only as one of a number of economic reforms that China needed to pursue. He said that China also needed to modernize its rural economy, overhaul its capital markets and promote more domestic-led growth by getting Chinese families to reduce extremely high savings rates by spending more.
And Paulson specifically said that the administration would oppose any efforts to erect trade barriers in this country to deal with America's soaring trade deficit, which is on track to set a fifth consecutive record this year.
Democratic critics have charged the administration has not done enough to deal with the soaring deficits, leveling much of their criticism at China, the country with the largest trade gap with the United States.
One bill being pushed by Sen. Charles Schumer, D-N.Y., would impose 27.5 percent tariffs on all Chinese imports unless China does more to allow its currency to rise in value against the dollar as a way of boosting U.S. exports to China and reducing Chinese imports to this country.
Paulson said both the United States and China needed to guard against wrong-headed policies that would seek to backtrack on globalization.
"Both in China and in the United States, we must not allow ourselves to be captured by harmful political rhetoric or those who engage in political demagoguery," Paulson said.
He said the United States has nothing to fear from China's emergence as a global economic power, one that is expected to overtake the United States as the world's largest economy at some point in the coming decades.
Paulson, who made more than 70 trips to China as head of investment giant Goldman Sachs and developed close relationships with many Chinese leaders, said the message he will deliver next week will be, "We want you to succeed."
"The tasks faced by Beijing are so daunting that the biggest risk we face is not that China will overtake the U.S., but that China won't move ahead with the reforms necessary to sustain its growth and to address the very serious problems facing the nation," Paulson said.
He will travel to Beijing next week after first attending the annual meetings of the 184-nation International Monetary Fund and World Bank in Singapore.
I see both your points....on
this matter ( sorry Dyna..I really do..) but let's be done with that Chapter if at all possible..Anybody wonder if the quiet period was perhaps counsel's recommendation and or the carrier for the D&O liability???- pretty sure the Board has a policy in place from a prior filing..i.e at the stage of talking $$ agreements etc..keep everything completely mum??? look at today's HP news from Yahoo below show you how quickly stuff gets ugly..Ask Martha Stewart......
"AP - Hewlett-Packard reshuffled the leadership of its board of directors amid the scandal surrounding its investigation of internal leaks to the media, but the company's troubles are far from over."
O.k as John Mayer would say "I keep on waiting..waiting for the World to Change" ( and make a buck in the process...)
Hey Nate..
Welcome..not enough knowledge to add the the Board???like that stops any of us..Afraid between the Torvec Website site, Google searches for TOVC and or their component technology(s)- this little IHUB forum is about it for Torvec prognostications...sort of a Fantasy/Gilligan's Island with
Dread as the Skipper and we all take turns being Gilligan based on the absurdity of our most recent take ( I wear the hat quite often...)...Dread will undoubtedly deftly field your general question re: his personal opinion on the POTENTIAL STOCK swap valuation converting Tovc into SAIC shares..
thanks for that one..Good read..
That totally depends
on what they have going on..I've popped over a
couple times- sometimes they welcome it and you also know quite early if the visit is not appropriate..I would think given the language of the last CEO update that they
probably aren;t all that receptive to drive by's @ the moment..Dread must have exceptional charm..or several hundred thousand shares..If that is the case..I'll let you buy from here on out..
And Dyna,you're certainly welcome for being back on my distribution list...can you fathom all the wonderful information you have foregone in the past few months since you called out my manhood in that private email bomb..I welcome you back in foal..but are your founding partners aware of your disdain for the Irish??? Yikes better keep that on the down low at the time of distributions LOL.....!!!
oops...
spoke to soon..a liittle under at the close..
tied....
the 52 week high at the close..hope we're starting a trend..
sun's breaking out as I type this..get some volume and who knows where we go..I'm with SEC..Think some of us are gonna be holding tight should we get some run...know I am..