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Hi Beach...
being retired sounds extremely smart...enjoy
by the way dyna...
this was extremely difficult information to obtain..I actually had to call information in Rochester, NY...then I had to ask for Gary Siconolfi's home phone number...then ..get this..I actually had to dial the number..can you believe it...
low and behold, I was able to speak with Gary Siconolfi to get the infomation...this is a great country full of factual, verifiable information .....
For the record:
Torvec board member Gary Siconolfi started Panorama Dodge from scratch in the mid 80's. He owned and operated it for 10 years or so until about 10 years ago...he sold the business to Scott Ide for a tidy sum, while retaining ownership of the land and the buildings. Ide has since sold the business to another group, while Siconolfi continues to own the land and building ...
.....is that what you mean by bankrupt...?
are you referring to the massive sale of 3000 shares in the fall..
thats comical..
That's not truthful dyna...
why would you say something that is blatantly untrue...
your stripes are showin again....
you still don't see it..? are you looking in the right places...? It doesn't appear that you are....
Now that is funny.....
That one got me dread...hope all is well...by the way...your dot connecting from an earlier post was headed in the right direction...
Same group...different names..
There a few dots you will never connect...you're gonna miss it and be smacking your foreheads wondering how you could have missed it...I'm enjoying watching you guys...keep up the good work...
Once again...
The average investor cannot short a bulletin board stock, unless they have connections with a market maker.
Market makers can go short on any stock as long as it is related to ""bona fide market making activity" (Rule 3350). Naturally, the key is the term "bona fide". The NASD manual clearly states that market makers should not go short a security simply for speculative purposes. However, there are several market makers widely known to do almost nothing but short stocks for their own account. NASD rules make it extremely easy for a market maker to begin making a market in any stock. Then you have the whole naked shorting issue which artificially inflates the float when the certificates arenot delivered....google "naked short selling" and see what comes up...
the bottom line is, Torvec can be shorted, has been shorted and the process includes the type of behavior we have witnessed here and on the raging bull board...based on the tighly held nature of the float, relative to last years volume, I would suggest to you that there is a sizeable short position in Torvec.
Actually....
I'm feeling better about Torvec than ever before...unlike many here, I don't associate the passing of time with "nothing happening" or "bad news" or "something is wrong".....I actually am convinced there is more going on behind the scenes than at any time in the company's history and we don't know what on purpose...been doing some additional homework on Carlisle and Ho...connecting more dots...has anyone connected any dots...some of your dots should be connected on this...
As for not posting as often, not all, but alot of what is posted here is whining and bashing....when I come on it seems to escalate some....it's many of the same gang from RB...at least you and I digger have kept our screen names the same..I'm still here ....have fun...
Hi beach....
I'm here....all those RB posters are around...they are all here under different names...only when you see the white smoke will RB live again...
another observation on the pictures...
if you zoom on the picture from the link below, you will clearly see the mystery asian passenger, but you will also see Keith Gleasman driving the FTV....interesting that he is wearing a sport coat or suit coat for this particular FTV demo....somewhat formal attire for FTV driving isn't it...?
http://www.torvec.com/images/ftv2034.jpg
Was looking at the recent photos of the FTV that were included with CEO message on the website...
below is the link to one of them...when you zoom in on it, does anyone notice anything interesting about the photo...?
http://www.torvec.com/images/ftv2016.jpg
Thought some of you might have missed this...
8k from 3/25 .....
"On March 25, 2005 the company sold 10,000 Class A Preferred Shares to an existing shareholder at the stipulated price of $4.00 per share for gross proceeds of $40,000.
This shareholder is a business consultant with the company, is very familiar with its business and operations, and consequently the company is claiming that this transaction is exempt from registration under Section 4(2) of the Securities Act of 1933 in as much as it constitutes a transaction not involving a public offering."
Another $40,000 shelled out for preferred series A by an individual "very familiar" with the company...that's in addition to the $150,000 from the week prior....
"Everything I said is public knowledge"....
...including the part where you imply fraud like Enron...You just gave their legal people something to add to their to-do list....let us know how that goes for you....
You and I have one thing in common...
Neither of us know what is happening behind the scenes at Torvec..
Your allegations that the management of the company is committing fraud by implying that they are pulling an Enron should get the attention of their legal counsel though...let us know how that works out for you if it happpens...
This stuff is very funny....
I almost forgot...
"While us "shorts" address the positives AND the negatives, you seem to only dwell on the perceived positives."
I apologize if I missed it, but I don't recall you addressing a positive....
The 10k is packed with useful information...
it's all in there..
insider selling...10 million shares traded in last 15 months..300,000 shares sold by insiders out of 16 million held by insiders...you guys are going to have spin something else...the math on that topic doesn't back up where you want that topic to go...if the insiders start selling millions of shares, I'lll be in the front of the line with you on that one...
Dread..
The preferred has been available to purchase for a few years...if someone wants to buy, they have to sell it to them...my point here, which the naysayers are trying to bury much more than normal for some reason, is that someone "very familiar with the company and its operations" just ponied up $150,000 on the preferred......how does one rationally deduce that being negative....
"This company surely isn't going to make it.....put me down for $150,000...!!"
The conversion is 1 for 1..
It can't be converted for 1 year unless the stock trades for 5 days above 20, or a material change in control occurs(ie sale of company). Bringing up dilution on this transaction is streching to find more stuff to spin negative...
Dig says..
"Sorry folks, but let's stack this up;
no results
Dodge is "dumb"
musical chairs
no public press
emissions gateway gone
stock tanking
DARPA challenge???
Yet despite the apparent demise of Torvec, some individual who is very familiar with the company and its operation paid $150,000 for 37,500 preferred shares producing "gross proceeds" of $150,000....what could that person possibly be thinking....
Aahh...
Some individual, who according to the 8k filing, is familiar with the company and its operations(actually it said "very familiar") looks at all the bad stuff going on at the company and says..."this really sucks...I'm in for $150,000"....
The investor in the preferred is familiar with the company and its' operations according to the 8k filing...
If things are going so poorly as you have been suggesting, why does this investor, who knows what's going on, write out a check for $150,000.......???
This is from the 8k just released a few minutes ago...
"On March 16, 2005 the company sold 37,500 Class A Preferred Shares to an existing shareholder at the stipulated price of $4.00 per share for gross proceeds of $150,000.
This shareholder is a business consultant with the company, is very familiar with its business and operations, and consequently the company is claiming that this transaction is exempt from registration under Section 4(2) of the Securities Act of 1933 in as much as it constitutes a transaction not involving a public offering."
I'm sure the reason that this individual bought this preferred stock at $4.00 is tied directly to how poorly things are going with the testing of the IVT..LOL...unless I'm mistaken, this preferred stock has a 12 month hold for conversion to common and is restricted....I take this as sign that things are not only NOT going poorly, but that they they going very well behind the scenes...connect the dots folks...
"ALL while NOT pxssing any potential Customer off - they have a track record here too!"
From where are you getting that information...?
I bet you guys are alot of fun at parties..
Hey Dig...
I'm not sure if it was you, but I thought it was you who thought there was no way that the Darpa team could robotize the FTV by the 3/11 deadline for submission...not sure if you saw the video..the link is listed below... looks like they did it...
www.torvec.com/media/DARPAFTV.wmv
Nice try invest....
Was on vacation for 9 days....taken 2 days to catch up...I'm still hear...the SEC hasn't dragged me off either, but thanks for your concern...things seem generally calmer here so I've been a spectator..hold on..someone's at the door...do SEC guys wear brown uniforms.....just a sec.....oohhhh..it's only the UPS guy...phew..that was a close one...
dyna...
didnt mean to capitalize the IF in my last post for enunciation purposes...finger got stuck on cap key...
glad to hear you're holding your shares...
dyna...
finally..somebody with some issues called the company directly...IF that is indeed what happened, then I extend my apology for accusing you of being a short... I stand by my assertion on the other 2 individuals...sometimes it's hard to decipher and I tend to be quick with the trigger dyna...being long with tough concerns is one thing...being short with an all out aasault is another thing all together..I will defend my investment against that and willnot stop...again..sorry I lumped you with the others...
Just in case anyone still has any duobt....
Tmic0222 posted this on Raging Bull yesterday..post 4309..
"Looking for Warren B. Nottorvecian requests a response to this message. Did you too get booted from Investorshub? Please respond and I will get you to nottorvecian."
If you recall, Tmic0222 was connected to the hip with Jesse Patroon, the admitted short, during the attacks on Torvec on Raging Bull last year. Since it appears that Tmic0222 knows nottorvecian and they are trying to reach WarrenB, I would would suggest to you that nottorvecian and Jesse Patroon are one in the same, or Tmic0222 and nottorvecian are one in the same...either way, the short connection has been connected...
enjoy the day...
Stepped out for a lunch meeting...
Missed what must have been a few juicy responses.....things seem calmer....
Hi Trucker...
I do think that there is more going on now behind the scenes and publicly with Torvec than ever before...the stakes are very high...the timing is very good..the lack of shares available for sale and the small float are positives for shareholders...
Excellent analysis...
You should write an investment newsletter....
WB......
not much stock available...thats got to be frustrating...
Let me ask you....what has Torvec done right...?
Warren...
The average investor cannot short a bulletin board stock, unless they have connections with a market maker.
Market makers can go short on any stock as long as it is related to ""bona fide market making activity" (Rule 3350). Naturally, the key is the term "bona fide". The NASD manual clearly states that market makers should not go short a security simply for speculative purposes. However, there are several market makers widely known to do almost nothing but short stocks for their own account. NASD rules make it extremely easy for a market maker to begin making a market in any stock. Then you have the whole naked shorting issue which artificially inflates the float when the certificates arenot delivered....google "naked short selling" and see what comes up...
the bottom line is, Torvec can be shorted, has been shorted and the process includes the type of behavior we have witnessed here and on the raging bull board...based on the tighly held nature of the float, relative to last years volume, I would suggest to you that there is a sizeable short position in Torvec. This position will be trampled by what I call the "Carlisle Effect". In the mean time the attacks continue geared to shaking loose shares from weak hands to fuel the short bashing strategy, when in reality, the bashing escaltes prior to strong developments resulting in what we see here and on raging bull from last year...the nervousness of the shorts feeling like Torvec will soon have traction from the IVT testing has them trying to create fear and doubt amongst longs...sometimes they are good at it...personally I hope they are still growing their short position
Dino...
I went to the website for ZAP...did you see how small those cars are.....could you imagine gettin hit by an SUV in one of those things......
Matt is a "short stop"...
While baseball season is over, I felt that it was appropriate to insert some baseball humor...
thank you...thank you very much...
request denied...
I still think you guys needed to stay under cover for a little bit longer...."pre-mature attackulation" is scoffed at by the professional shorting communtiy in general...you guys need to get the handbook back out and study some more....let us know when you're ready....
While you'rew regrouping, think "Carlisle Effect"...we'll catch you guys later....thanks for sharing..
Enjoy the day....