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Nice......
The guy's been on board for 10 minutes and he gets defamed and libeled....
LOL..!
Based on past experience I only recommend using the dot connector in extreme situations......it is at the shop being cleaned and the scope reset...apparently in was out of alignment...
I think we may need it soon.....
Cheers.......
Nice...
...trade below the bid at .82.......
Glad to hear that......
Hi Sulax......
I'm still making some calls......
The feedback so far is very consistant....a couple of things stand out so far...he has a reputation for building value...and the guy has some very, very interesting friends....
My guess is that a lot of the buying is coming out of the local Rochester market and is directly related to Kaplan's solid reputation...
This move has my attention....
For years....
.....you said there was no short position....over and over and over and over.....
Now you say that the short position is only 28,000 shares....so we go from impossible to it's just a liitle bit and it's irrelevant....
So answer this for us...NITE (Knight Equity), is the market maker resposible for roughly half of the volume for TOVC over the last few years...they are also one the most heavily fined MM's and in their own filings published that they had hundreds of million of FTD's (Failure To Deliver)...hardly info that you can just pass off as irrelevant..! Tell us on TOVC how many FTD's are there...? How many desked trades are there...? How much pre-netting is done...? How much CNS - continuous net settlement is going on...? Was there a pre-borrow..? How much is done ex-clearing...? How many offshore failures are there..? It appears that you do not really understand the system or what really goes on in the netherworld of OTC/Bulletin board stock trading...
.......28,000 is all that we see published....the rest of the position lurks in the darkness of the whorey, little known and wildly misundertood third market...
We anxiously await your answers to the specific questions above...
Thanks....
By the way...have you done any real home work on the new Torvec CEO...?
LOL....
That's like posting that the inmates don't like the prison food and they want things that taste better....Of course Knight Equity wants leniency.....They are one the largest , if not THE largest naked short violator on the planet...Knight's own filings divulge hundreds of millions of FTD's..that stands for FAILURE TO DELIVER...those are shares sold short with no certificates delivered....naked that is....they have been fined for it..
.....by the way, care to guess who accounted for 52% of the market maker activity on TOVC in 2009 and almost 40% YTD in 2010.....Roughly 3,000,000 shares worth.....???? Any guesses...??
I'll give you a hint....it rhymes with Schnight Skequity.....
There was a....
........5000 share trade at 30 cents this morning, below the bid, right at the open...whatever the reason for the volume up tick, it brings trading anomolies with it....
The name is Torvecian....not Dude..
Answer the questions...
Answer the questions....
Misleading.....
tovc4me....
In order for a short to short sale a share of stock, someone has to buy it....
Of the 46,700 shares sold yesterday, 38,300 were sold to buyers by short sale. Those numbers on the FINRA report represent the number of shares sold short for the day....how many will turn out to be naked short....? It's not a naked short until there is a FTD...that's a Failure To Deliver the stock certificate....so your friend most likely bought some of those 20,000 from a short...
So I think you are misunderstanding the report somewhat...hope that is helpful..
LOL...
Theoretically ...Yes
Not practical though....there are 37 million shares outstanding in the hands of something like 3500 or 4000 investors. Unless you get most of it out of circulation, which is unlikley, the same issue still exists...
My opinion....
Hurt or help...
Let me say this first....companies like Torvec, have been brutalized over the last ten years by the Nite Equities, etc..of the world. No major deals, capital issues, etc...because of this, it's been a perfect storm for the shorts. They have taken advantage of the opportunity and have been a significant factor in the erosion of the value of Torvec. Round one, albeit a very long round one, goes to the shorts...why because they could and the company was ultimately defensless to stop it.....the price remains effected by the shorts essentially for the same reasons...
An event, such as your sizeable deal scenario, would naturally cause the buy side volume to grow along with the price....I suggest to you that the amount of short activity will increase dramatically at that time to try to stop the momentum and attempt to create a feeling of "this isn't a very big deal" amongst potetial buyers...thereby hurting what could be a larger run up in market value...If enough buying pressure is created, and the run is strong, the savy, large MM's with big short positions will step aside and let the euphoria play out and the share price settle in at a higher level...they will then average in and begin to add to their short position at these now higher levels...that still hurts shareholders...the shorts only help the shareholders if they have to cover all of it...
If the deal is of a such significant magnitude that it is deemed that the value of Torvec will be of significance because of it...the share price would reach levels requiring the shorts to cover...you dont want to be the last naked short standing when that music stops...
To those who dismiss the short info disseminated here by Knot, I say it is a factor in where we are, not THE factor...but it is real and dismissing it is frankly misguided...
The broker.....
.....would have to honor the request and send the customers the certificates. If the broker doesnot have an inventory of the shares, it's most likely the MM that filled the trade and that promised they know where to get the shares, will have to supply certificates to the broker to issue to the retail customer..
Stockswap..
I think you are possibly misunderstanding the short process.....yes, you bought the 6000 shares that day... But also on that day, the FINRA reports show that all 6000 shares SOLD that day were SOLD short....
Basically you bought 6000 shares from someone who sold the 6000 shares short...
Hope that is helpful...
From Torvec's website..........
July 21, 2010
Torvec Heads West
At the same time that Torvec continues to win race after race in its IsoTorque-equipped C5 Corvette driven by John Heinricy, Torvec representatives traveled west to California. They spent a week meeting with retail shops that would potentially sell IsoTorque differentials for Corvettes & Camaros this coming fall as part of Torvec’s aftermarket program. In addition to the aftermarket business, Torvec spent two days with Hyundai personnel discussing and evaluating the IsoTorque at its Irvine, California technical center and at its test track in the Mojave.
The aftermarket retailers, such as West Coast Corvettes & A&A Corvettes, were very impressed with the IsoTorque and what it could do for the performance, handing and safety of their customers’ cars. They believe our contemplated retail prices (to be announced this fall) are in line with the market and they look forward to working with us.
The meeting with Hyundai was also very successful. On our first day we met with numerous representatives at their relatively new Hyundai America Technical Center giving a formal presentation on the IsoTorque as well as a ride and drive around town in the IsoTorque equipped Genesis Coupe. The following day we made the 3 hour trek to Hyundai’s desert test track. Hard side by side testing was performed by Hyundai’s test drivers and both Torvec and Hyundai are pleased with the results. Consequently, both companies have decided to more ahead to the next level (the details of which unfortunately must be confidential for now). Additionally, photographs are strictly prohibited inside Hyundai’s facilities, but we can tell you that there are some nice KIA and Hyundai models that will be coming out.
As always we will try to keep you, our shareholders, informed as best we can when we can.
[
Bingo...........
Well said...
May he rest in peace......
My heartfelt condolences to the Gleasman family on Jim's passing...
Torvecian
Nas...
Those are the shares that the insiders/directors are granted....that's what they are getting each month....not selling.
Those are right from the Form 4's filed with the SEC every month
Life and tax deductions.....
.....just a different way of looking at the world and things like Torvec...
I don't worry about the death part.....I love the life part and living it is, well, incredible...
I am really fond of my accountant....
Finra regsho numbers for today........
20100315|TOVC|5000|36361
Todays FINRA numbers ....
show that 10,000 of the 13,555 shares traded were sold short....
20100311|TOVC|10000|13555
That is correct.....
If I recalll from the time and sales info from yesterday, i think only one trade went off at the ask. Almost all of the rest of it went off in between the spread. As the buy side came in, the shorts threw 23,000 shares at it to keep the price there.
FINRA link is pasted below....
...when you open the link, scroll down to the ORF section and you can click on the link for what ever day you want to look at. The links for the various months are at the top of the page.
http://regsho.finra.org/regsho-Index.html
Let me be the first to ......
....publically say thanks to Jim Gleasman for his efforts on behalf of the shareholders.....
Thank you Jim...........
Thank you
Another point...
The data will probably show that there have been days where there was a fair amount of TOVC short sales , yet the price went up....the question is how much would it have gone up without the shorts throwing shares at the price....
An example of some of the extremes, yesterday there was 100 shares sold short....one of the trading days in the August numbers I shared earlier had 41,000 shares sold short out of a total of 46,000 traded....and yet we have people here saying that doesn't effect the price....
That was not a short then if it was a buy...
The 100 was most likely part of a sell from earlier....what the daily info shows us is the totals for the day...I am not privy to the reporting mechanism...going over a number of the reports shows that some days 100% of the shares were sold short....other days no shares were sold short...and everything in between.
If it's done to protect an existing short position, on high volume days were there is increasing buy side pressure, they cool it off with a fire hose full of short sales to keep it from cutting into their paper profit...on days where there is low activity, like yesterday, they do little or none....
Hi Lynx...
You're welcome.....3 times ...sticky trigger finger? LOL
Hope you are well...
It's as on topic about Torvec as you can get....
It might not be helping the smear campaign any but the numbers are showing us that what I have been talking about here for years, is happeneing, and has been happening all along.
Having watched the tape action on this stock, maybe closer than anyone here, the info was telling me it was happeneing...so I stood of front of the canon balls here for years and finally we are getting the info that everyone here should be pissed off about. Shorts should be angry because it's out there now ( and I'm talking all OT Bb stocks, not just TOVC) and the longs should be angry that it shows that the OTC BB stocks have been brutalized by the practice with Knight Equity at the front of the line shorting the OTC stocks...
FYI - Knight (NITE) for that month of August was responsible for 174,000 shares out of the 343,000 TOVC shares traded...160,000 shares were sold short that month.....
Like you said, perhaps there is cause for celebration coming due to the number of total shares short out there....but just because some don't have interestet or choose to minimize the topic doesn't mean it isn't relevant...it may be one of THE most relevant issues effecting the share price...not the only one but a very important one...
It is significant info and is occurring every "freaking" day...so it can be discussed here every "freaking" day...
There are 298 shopping days till Christmas..
Sulax...
The info is very relevant and you know what it means...see my previous post....does that help you?
LOL.....
FINRA is a regulatory body for the securities industry..
I'm guessing they would be using valid info..if anything the info would potentially be under reported not overstated..IMO
..........below is some info on FINRA......
About the Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA), is the largest independent regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 4,750 brokerage firms, about 167,000 branch offices and approximately 633,500 registered securities representatives.
Created in July 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange, FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services.
FINRA touches virtually every aspect of the securities business—from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. It also performs market regulation under contract for The NASDAQ Stock Market, the American Stock Exchange, the International Securities Exchange and the Chicago Climate Exchange.
FINRA has approximately 2,800 employees and operates from Washington, DC, and New York, NY, with 15 District Offices around the country.
FINRA believes investor protection begins with education. Using the Internet, the media and public forums, we help investors build their financial knowledge and provide them with essential tools to better understand the markets and basic principles of saving and investing. In addition, the FINRA Investor Education Foundation is the largest foundation in the U.S. dedicated to investor education. As of April 2009, the Foundation had approved approximately $46 million in investor education and protection initiatives through a combination of grants and targeted projects.
In today's fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair, ensuring investor choice and proactively addressing emerging regulatory issues before they harm investors or the markets.
I agree.......
So the SEC panel of 5 commissioners votes on controlling the shorting for the good of all mankind.....
They have the FINRA information literally sitting in front of them documeting the extreme magnitude of the situation and 2 of the commissioners vote NO...!! They just happened to be Rebulicans and the deal went down across party lines...before I get a bunch of hate mail from Republicans beyond the normal amounts here for mentioning that, let me say that I am highly apolitical. I donot trust any politicians...!! I can tell when a politician is telling us what they think we want to hear....there lips will be moving....but how they could vote NO on putting in some additional controls on these sleaze balls is beyond comprehension...."Heaven help us..." !!
On another of your topics, I too am liking the ripples that Iso is making....
Blue....
Forgot to comment on the rest of your post.....It looks like the 10% rule wil go into effect in about 8 months....plenty of time for the raping and pillaging tyo continue. And you are right, once it goes into effect, how will they poilice it. The Finra short sale numbers that we now see daily are unrefutable...the shorting of most of the stocks on the OTC continues daily.
As for your comment about it being one of the long time shareholders who have given up.....if they are a shareholder, they would be selling shares they own, not selling short...
[quoteI am not sure this naked shorting is going on][/quote]....
Explain why Knight has hundreds of millions of FTD's (Failure to deliver) reported in their last annual report. Those are shares sold without a cert being delivered, in other words, naked short.....thats just Knight...
The system is seriously flawed.........the link below is to a very long but very interesting article on the topic....some of you may find it interesting.
http://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle/print