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Dread,
Check footnote #14 of the latest Torvec financial statement. $700,000 in stock to a consultant. Has to be a settlement with CXO I would think.
Newspeed, Good luck!
OOPs down to only one fund holding Torvec. This one sold there entire 500 shs holding.
Torvec Inc (TOVC) US TOVC Auto/Trk Prts&Equi ... None - - - % Sold All -500 -100.00
You don't have the time?
Nice, looks like that marketing program is beginning to pay off!
The JLTV is looking like the next Drapa. Dino's recent post had Lockheed as a 12-1 shot to get the contract. So much for all the Lockheed hype.
Does anyone know when the FTV is due to be delivered to the Air Force? Are we looking at 6 months or a year?
There is no way that any Torvec tech could be in UPS trucks. UPS trucks run a very strict route and are allowed to only make right hand turns. The Nissan Race car is only allowed to make left hand turns. Nissan needs to offset the loss in fuel efficiency of the left hand turns. Therefore I think we can safely conclude that after June 30, 2008 a major deal will be announced with GM.
The important thing is not to stop questioning.
Albert Einstein
"Torvec logo is displayed quite nicely"
How will anyone see it when they put the plates on?
OT,
Tuesday doesn't work. Why don't you bring the money to Thursty's next Thursday. Dyna and I have been meeting the CXO guys there every Thursday for 5 or 6 years. Jim sends a guy down to take pictures and everything. Phil will buy the first round.
OT
Sorry Dread, But I'm not loaning you any more money.LOL
"others like the "street smarts" of someone like JG.."
What street smarts are you referring to?
I'm 28 years out of high school. I'm concerned with ethics, integrity,leadership, and the ability to close a deal. Let's not get ball busting confused with not telling the truth.
News, Any chance your going to respond to 14864?
Asking for money or a Return on his investment? Are you a liar too? Or just trying to slander Dread?
First of all I can't find this in Keith's CEO message so I assume you added this on your own:
"You see, each time one of these expenses gets "paid for" with shares of the stock, or from the cash achieved from the sale of the shares of the stock, the company becomes "worth" more by exactly the amount of the value of the cash or the shares."
I find it interesting that you tried to make it look like those were Keith's words.
Here are Keith's words per the very CEO message you reference.
Interesting that you missed this:
"Through Jim’s efforts since 1996, we have raised more than $7 million in cash, and more importantly we have paid over $16 million in expenses using our common stock as currency with far less dilution than we would have experienced through either the venture capital or IPO routes."
Did you selectively miss that? Do you know what far less dilution means? It means there is DILUTION!
Don't worry Dread. I've proved my point and moving on.
I agree about the Chinese.
How does a guy look you in the eye and tell you that he has pictures of you drinking with a guy you've never met at a place you haven't been in 30 years? Please, don't blow off the question. Can you explain it? This is the guy leading the company. I can't get by that.
I know what your going to say and the answer is greed and I believe in Keith and the tech.
By the way did you see in the filings where Jim said that the city of chicago would ship Torvec tech to china? It's not, but he said it.
Did you see in the filings where he said that the Chinese people get rewarded for being deceitful. It's not, but he said it.
Ask him to show you the pictures of Dyna drinking in Thursty's with Andy. He told Dyna personally that he had them.
Dyna hasn't been to Thursty's in 30 years and doesn't know Andy.
Ask him why he said Dread turned on him because he lost his job and asked him for a loan and he turned him down. He told Dyna that too. Dread has already posted here that those things are untrue.
I was there. Jim stated that we had a letter of intent comming with Chery. He said that the "Asians" worked very fast. It is possible that Otto mentioned it first but I know Jim talked about.
Glad I could be of help. Ask Jim why he lied about having pictures of Dyna?
"I think what you are really trying to say is that you are opposed to the expenditure items themselves, not the way that they are paid"
No, That's not what I'm saying. You are either playing stupid or ........
"screwing up the Cherry deal that Otto announced at the 2004 shareholders meeting"
Actually it was you buddy Jim that told the shareholder meeting that they had a letter of intent coming form Chery. Not Otto. Did Rizzo put you up to that one? He also told us that the "asians" work very fast. He also and I'm paraphrasing told us at the 2008 meeting that the Chinese people get rewarded for being deceitful. Remember that? Very nice. Some how I don't see Tom Golisano,Gates,or Jobs saying anything like that. That's our leader.
Now I'm really wondering what I was thinking.
The important thing is not to stop questioning.
Albert Einstein
"And I too am just furious that Torvec sold stock to raise money, thus diluting my shares even more. How dare Torvec raise capital to pay for their bills, their employees, their creditors, etc.....I mean to sell stock to fund their business plans.....how dare they."
Very funny. Problem is it never should have gotten to this point.
I have no questions concerning the UPS trucks, never have.
The biggest one was that he's his brother.
It's not the 36000 shares. Where have you been? They have paid rent and various other expenses thru out the years. How about the 500,000 shares they gave to one of the board members when he came on board. You love to look at the very SMALL picture.
By the way. Here is the simple math. If they sell the company for $1,000,000 do you get more money per share if there is 100 shares outstanding or 50 shares outstanding? Not a very difficult concept to understand.
The important thing is not to stop questioning.
Albert Einstein
You may not have been able to buy 36000 shares in the open market at $2.40 unless you were willing to buy it over a number of days. The dilution continues to tick me off. If they were on the board it would be reported.
Did you find that or did Jim tell you and ask you to post it?
Are they running out of cash? Why else would they issue new stock? More dilution.............
Keith voted for Jim and wrote that he was like "Teddy Roosevelt" for one reason. I'm sure you can over analyze that like you do everything else. It must take you an hour and a half to watch sixty minutes.
I did my due diligence. I talked to people who had met with Keith,Vernon and Jim prior to the additional offering. They thought that the engineering was outstanding and they were very impressed with Keith and Vernon. Paradigm shifting technology.
I bought, realized who I was dealing with and then started bashing. I thought that the companies tech was so good that it would over come my perceived weaknesses in leadership. IMO we would have had a deal today had JG not been in charge. Do I have anything to back that up? NO. It is simply my opinion based on my own observations.
I was responding to your buy and bash post which I assumed was directed towards me since the deleted post that you were responding to was addressed to me.
Personal attack? I think your a little sensitive.
"you are in conflict with the only message that Keith has ever written as one of the Torvec CEO Updates"
What are you talking about? I've heard Keith speak, I know engineers who have met and talked to both Keith and Vernon and they have great respect for both or their engineering expertise.
I've heard and seen Jim in action. Enough said.
Yeah me, I bought 2000 at $2.40. I believe in Keith and the tech. I don't believe JG. Is that ok with you? Do I have your permission?
Not sure what I was thinking.
"Second, I think some portion comes direct from TOVC HQ."
I think it all comes from HQ. But I think he presented it in a much better way than JG ever could.
I bought a few more shares today. Not sure what I was thinking but lets for an announcement in 2008.
Dread,
What do you think of Tovc4me's post?
It's hard to disagree with you. I do like what Torv4me had to say. But it is the same old same old in a nicer package.
If nothing happens by this time next year I think it's over.
"None of our management team is getting any younger, and they certainly are not getting any healthier (pink flag)."
What does that mean, "pink flag"?
Tovc4me, Thanks for information.
Jim should hire you to write the CEO updates.
Thanks News, I was wrong. I thought it was just the body.