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The top five Auto Parts & Equipment companies?...
A new line for constant-velocity joints will be...
If you were to have Torvec auction off...
all the technologies, we would then miss out on the biggest event that this message board has spoken of in the last 10 years.
An auction of the technologies would put all the shorts in a position that they would not have to cover. There would not be any stock traded under your plan, the price wouldn't run up, and at best we could hope for would only be to get a liquidation dividend for the crumbs that would be left over after everyone else got in ahead of the common shareholders.
If by chance you really meant to auction off the stock, well that is happening everyday on the free and open market. Put your sell order in for the $1.00 that you would be happy with and sooner or later one of the shorts will buy it.
It wasn't very long ago that events such...
as the ones that you are mentioning would have been exciting enough to have endless days of message board chatter on all the possibilities of how Torvec's technologies could play exactly into the hands of "what's going on" in the industry.
My, how things (attitudes) have changed.
I think that Torvec's technologies are still today as likely to commercialize as they ever were, just not soon enough to make us all happy.
Just for instance, here is news from yesterday about an award that was given to a competitor for a breakthough in the hydraulic hybrid technology.
http://pr-usa.net/index.php?option=com_content&task=view&id=365715&Itemid=32
"Anyone see anything exciting in the 10-K?" ...
How about the fact that they have removed the "going concern paragraph" from the auditor's opinion letter?
JG was really looking forward to that item, and he got it; even though it wasn't done the stated way he had planned to have it removed. That stated method would have been a much better way than the way that it was done.
In any event, this should be upsetting to any of the plans that the "shorts" have.
There in lies the problem with the answers...
As it seems that some...
Torvec calls it a "planetary gear arrangement" ...
The competition calls it a "sub-planetary gear".
Here is how Torvec describes it in the reports"
"world-first sub-planetary gear that allows the use of...
wider gear ratios"
Torvec's commercialization of a product finally gets utilized...
by lawyers in a court of law in the case of SYRACUSE UNIV. v. GAMES 2002, LLC.
Too bad there isn't a royalty income stream associated with that effort.
What move would you make in this situation?...
Say you had a health problem, and your 5.9 million shares were worth 2.3 million dollars, and if you commercialized the products the value would change over night to somewhere between 29 Million and 290 Million.
Would you hold off on the plan to commercialize?, accelerate that plan?, go with the flow?, retire?, move from the state?, throw in the towel?, let the short sellers be happy?, or something else?
Confusing isn't it?
This makes the short seller's analysis look like child's play.
I happen to think that there is a plan.
"Who are the posters they/management have used?"
Isn't that actually backwards?
Wasn't it the poster who thought management was going to be used?
I have to agree, keeping those comments out...
of the press release would be good, and really that part was actually accomplished.
However, putting it in as part of the SEC 8K filing as well as the current news posting on the company web site was the message sources that made the JWB point.
Now we finally know what was in there, when he said, "who says it isn't in there".
I think you are right, we haven't heard...
it put quite so precisely ever before. That sums it up quite well. Must be a new person drafting the messages from headquarters. It is very much unlike the spirit of the old messages. The last old one was one for the memories....
Kirsten Gillibrand, Bob Duffy visit auto-tech firm Torvec...
Senator Gillibrand Meeting with RIT March 4, 2009...
There were two local television news clips today...
so far.
Full employment soon for the Rochester, NY area?...
Jobs High on List as Lobbyists Head to...
Albany
Discontinuing the legal action on the merits, thus...
concluding the parties' lawsuit.
This is all well and good, but, all of that was a separate contract for the real deal of a 5% royalty, right?
Does anyone know the status of the 5% royalty?
Was that given up also?
The local paper has mention Torvec again today...
http://www.democratandchronicle.com/article/20100228/BUSINESS/2280319/1001
Even the local paper is surprised at Torvec's stock price direction for this last week.
Well, you know there's always a first time...
for everything.
Are you thinking that tomorrow would be a good day to put a few market orders in to challenge the shorts?
A few years back, someone suggested that at the meeting. Lots of shareholders at the meeting thought it was a good idea at the time, but it didn't seem to happen.
Why would the SEC allow a short seller...
to offer shares for sale that they don't own and cannot cover? The SEC holds every other entity with strict rules that if shares are offered on the open market that the shares have to exist and the company needs to have annual meetings, audited reports, shareholder votes, disclosure and etc, etc, etc.....
These naked short sellers are apparently allowed to create positions of fantasy securities that they dream up (due to the naked position) and offer them for sale without having to comply with any rules associated with offering securities for sale.
Why would that be?
If improvements were made to the current Torsen...
then it wouldn't be current, would it? Improvements are always made to older versions, that is what makes them current. So, the answer is none.
However if you were actually wondering what improvement were made to the older version, that is simple. The improvements were the ones that made the Lexus IS-F people switch from the electric diff of the first generation IS-F super saloon; which is claimed to lop two seconds off the IS-F's lap time at the Fuji circuit.
Even Torvec is touting the ability to lop off lap time. Wouldn't it be nice if Torvec's claim was superiority over the Torsen equipped vehicle.
It seems that Torvec will have to test...
the results of the Iso-Torque against the current version of the Torsen someday soon.
Here's what was said at the annual meeting...
The RBJ also mentioned the Navy testing topic...
back on August 28, 2009.
But, what about the rest of the story?...
Let's see Torvec was owed $2,700,000.
They had an $800,000 counterclaim.
They Settled for $1,000,000.
What happend to the other missing $900,000?
But, all of that was a separate contract for the real deal of a 5% royalty, right?
Does anyone know the status of the 5% royalty?
Was that given up also?
The 10% of the 4 wheel drive market...
comment that JG made in the news story must have been a bit out of context as it was presented in that news story and it must have been because the news story was all about the FTV.
IMO when JG was commenting about a 10% market penetration, he must have been speaking about regular wheeled vehicle (not tracked vehicle) applications that would involve the utilization of the Iso-Torque differential that would accomplish "all wheel drive" results that were commonly thought about as being "4 wheel drives".
It seems to me that Torvec's goal here with the OEM's (4 or all wheel drive vehicles) would be to place three Iso-torques into all wheel drive vehicles. The first Iso-torque would be to split the power between the front wheels and the rear; the second one Iso-torque to split the power between the two front wheels and the third one to split the power between the two rear wheels. After all, all wheel drive is much better than 4 wheel drive.
Once that catches on with the OEMs, a 10% market penetration could be accomplished due to the patent protection since the only true mechanical competition would be the original torsen that they sold years ago (along with the non-mechanical versions of competitors’ LSD's).
Local company hopes military contract will create jobs...
Torvec finally is mentioned in the local papers...
Anticipating anything to come from the annual meeting?...
Here is my prediction.
Lots of history, some about the Cadillac, some about the Camaro, and then a big section about:
How Torvec is not longer a research and development company because now it is an incubation company. You see incubation is a big thing with our newest board member. In today's paper he is touting the incubation process and how important in Rochester. It goes like this:
I'm really sorry, I had assumed that you...
were a United States taxpayer. What country are you from? Here in the United States, partial recharacterizations of Roth IRA conversions are allowed. However, I think that your point must have been that the recharacterization needs to include the associated income, even though that isn't what you said. Even though it would be tempting, I won't be responding to whatever your new point is on this subject.
You are quite right, it makes no sense...
That's why is said: "Now how wacky would that be?"
Your advisor is correct it can't be done, but not for the reason that you stated. It only works to a taxpayer's advantage when the prices go down, not up.
Now, just speculating about the Roth conversion pricing...
Assuming that the price approaches $76.00 later this year, and you just converted to a Roth at $.43, are you planning on recharacterizing 0.57% of the $76.00 shares back to regular IRA so that you don't even have to pay the tax on the conversion that you just did?
Now how wacky would that be?
Converting a regular IRA to a Roth IRA...
That will turn out to be a brilliant strategy assuming that the price does what those 300 people surveyed predicted.
That prediction was actually three years ago, not two; and it went like this:
Possible Grant Recipient meeting set for Feb. 4...