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No Sir eom.
Using the $200,000.00 October 6th sale....
The accredited investor bought 50,000 shares at $4 per share when the market price was $3.
He also bought 16,667 shares for .01 each for another $167. << they also receive warrants for .01 >>
Doing the math....$200,167.00 divided by 66,667= $3 per share
The obvious plus for Torvec is the company receives $200,000 in working capital at the current stock market price.
One incentive for the investor is to be able to make a 66,667 share purchase in a thinly traded stock for a fixed amount $3.
Bottom line for newbies,your company IS NOT giving away penny shares to these accredited investors in reality.
Dino
All live together Ugh scary thought EOM.
Now I understand Dread's post 8373.......
You guys skate for the NHL Anaheim Ducks.
Looking for another shoe or skate to drop soon.
Dino
Interesting share count
After the press release to the world before the bell today, no one could have predicted the share volume to be 9,000 at close.
Good football night all...
Off to the Monday night party with all my rowdy friends.
Dino
It has always been my understanding
from my conversations with the Gleasmans concerning paid Press Releases that:
They would not spend money on them just to see a temporary increase in share price as so many .ob's do.
But they would spend when they felt it was justified. Prudent business sense.
I wonder what the nice PR will say.
Here's to hoping everyone will be holding their shares tightly.
Dino
All I am saying is that I prefer and am comfortable with the Gleasman's making the decisions regarding THEIR company rather than myself or my fellow shareholders.
Dino
Pet peeve of mine is people telling one how to run their business.
Thank you's go out to the G's for letting us know part of what is happening at present.
But with only 8,000 shares traded in 5 hours they were right about the effect versus the cost of numerous costly press releases.
Great PR today.
Dino
fiftycentman my statement was not meant to be directed at you.
My sincere apologies if you take it that way.
I just have a clear dictionary meaning of the word minimum.
As used in a sentence:
There will be a quiet period of a minimum of 90 days.
Dino
Highest 52 week close
2.81 to 4.69
Congradulations to those who did not sell in the 3 week runup.
There is absolutely no reason to believe that the stock price will not be higher by the end of November.
Hopefully something will come out on the political front after the elections from the politicians who have been talking with TOVC.
Anyone expecting something to happen exactly on Nov.1st is a dope.
I do not own Zap anymore Dread.
I have almost doubled my position here since we last spoke.
Dino
Parachuted out of this
at $3.70.
Boy am I happy with that move.
Back to accumulating Tovc.
Dino
Congrats to us all lindy1401...
I got out with a 5 bagger
Dino
Another 52 week high........
Been selling my Tovc and have a triple here.
Thanks Lindy
Dino
Sheriff
Giving trading advice again eh.
For what it's worth I'll pass it along to my friend.
I value your advice highly but.........................
I am sure glad I bought more in the ones.
Dino
Highest 52 week close anyway
at 4.23.
I am sure there are posters and readers of this board who have already sold some or all on the way up from 1.62 to 4.25.
I am with you Leitrim. Holding my shares tightly.
Timing the market, that is another thing some choose to do.
I have a friend who sold his 2,200 shares at 2.80 in a attempt to buy back lower. Stupid move.
At least he was smart enough to buy back in 1,900 shares at 3.30. Cost himself $1,100 plus 300 shares. Who knows how much that could cost him in the end.
Dino
Trucker pay no mind to the obvious rocket scientist.
Classless at best.
Dino
Happy Birthday Leitrim
I always enjoyed your thoughts on this board since day one.
You and Dread are certainly the oldtimers here on this board.
No, I wasn't buying today. Hopefully it was someone who knows something.
Dino
It's also a pretty thing Dreadman
I feel pretty oh so pretty oh so pretty and witty and wise.
Four bucks a share makes me wanna sing
I am wondering how I am going to feel 2 months from now.
Dino
<< who would sell now with all of the recent activity? >>
Unfortunately there always seems to be reasons to sell.
Need the money, just got even etc.
For me I continued to buy today.
Dino
Peace Beachcomber40
I hope to get together again at the annual meeting.
Dino
Mr. Beachman are you still with us.
What wonderful press coverage for our investment eh? (too bad Gleasman foes)
When I attended the I-HUB meeting with Dread and the Gleasmans in August 2005, what effected me most was the fire in their eyes and the sincerity in their voices to bring our products to market.
We haven't crossed the finish line yet but here's to hoping.
Dino
Nice to see you post again Spock
It certainly was a wonderful news story about Torvec on channel 13.
Here is to hoping we get picked up by the AP newswire and such.
Dino
Seven straight green days
$1.62 to $3.90 on only 550,000 shares traded.
I hope our buyers are just getting started.
Holding your stock certificates Dread is a good idea for one who may be tempted to pick up the phone and sell his shares prematurely during a run up.
How about two TOVC boards.
One for the professionals and spelling bee champions here and one for the common man.
Blindly putting your faith in a professional is not wise.
We are all professionals at something in this world.
I agree Zendo getting a second opinion from another professional is ALWAYS the wise choice because some so called professionals are not so professional.
Go Gleasmans and company.
Dino
Over my dead body is anyone going to pry a single share out of my hands before this quiet period ends.
My condolences to those who sold into this rally the past 6 trading days.
Dino
Four straight green days
with a 40 percent increase in share price on 170,000 shares
Where will the share price land on the next million shares trading hands?
Hoping we have buyers who are just getting started.
Dino
Thanks for the info dig
Much appreciated. Now let's see a steady increase in share volume.
Dino
It is interesting to ponder what the stock price will be a few days before the quiet period ends. Assuming no deal is announced before the quiet period ends.
I even pondered selling some today and buying it back 60 days from now. The thought process being that some people may concider this dead money for the next 90 days.
People may think why buy it now and tie up money when I can buy it 60 days from now.
The reverse of this is people accumulating now and running the price up before the 90 days ends. Of course this is what I am hoping for.
I would have liked to have seen much more volume the last two days.
Dino
I did not mean to post duplicate
information Dread. << posted earlier today by SECFAN >>
I do not read all the posts here. I was just really happy to read the press release.
I am wondering here, as I am sure many are, what the 90 days of silence will do to the stock price.
My guess is up.........
Dino
CEO Update today eom.
THXTOVC
Looks as thou you made a good move selling 5,000 shares at 2.18 on 6-29.
Congrats............
Dino
Exciting day for the people on this board who want Torvec Inc. to prosper and see the share price increase.
Sad day for others.
This CEO update is very positive for investors in Tovc.
Let's keep the snowball, that started with the RBJ article, rolling.
I am looking for 7 more consecutive days of green..........
Never to see the ones again.
Dino
<< SECFAN, why don't you and I take a short visit to Torvec >>
I would like to join you two if possible.
Let me know when you are going.
SECFAN I was introduced to Mr. Sullivan by JG within minutes of my arrival.
He did not attend the meeting with the rest of us.
You certainly are not alone to have concerns about investing in a .OB startup company.
I still have that bounce in my step after the RBJ HEADLINE this week.
<< Torvec Inc.is gearing up to move from a development-stage automotive technology company to one with statewide and possibly international reach. >>
<< INTERESTED PARTIES THAT WOULD HAVE WALKED LONG AGO IF THINGS DID NOT APPEAR TO BE IN THEIR INTEREST >>
Dyna once again
I find no value, nor do I care to spend the time to correspond with you.
In other words or plain English. It is a waste of time.
It is a shame that Dread has to spend so much time on this nonsense..............................
Notice the twins have not posted anything positive about the RBJ article.
That should have been the topic of discussion this weekend.
Front page EXPOSURE in the RBJ...
Certainly a positive for your investment if you are invested.
Dyna did you happen to hear about the recent interest in TOVC by local representative Joe R?
<< I'm sure he has a good reason to remove that >>
Exerts from front page of the RB Journal
Torvec Inc. is gearing up to move from a development-stage automotive technolgy company to one with statewide and possibly international reach.
Torvec is working with Greater Rochester Enterprise Inc. and others to raise $5 million- Torvec's portion of the $300 million needed to begin retrofitting school buses, Gleasman said.
Torvec could be getting closer to inking a deal with Chinese auto manufacturers. The firm has been negotiating with Shanghai Automotive Industry Group for more than a year on the possible sale of the rights to Torvec's FTV. Chinese delegates last visited Torvec in May, Gleasman said.
"They'll have exclusive rights in China to market and sell it and we'll have the rest of the world," Gleasman said."It's not completed; that's what we're negotiating."
"I could make a bad deal any day of the week, and I've had plenty of bad offers," he said."I won't be pressured into taking a bad offer just because somebody's a little impatient."
Lynx
Thanks for that www.rbj.net info.
Also thank you for the courtesy of a eom on post 6398
There are so many worthless posts to wade thru.