Some good points Lhasa...some that are way off the mark....
The bus program is layed out in significant detail in Torvec's filings....the program is designed to certify the fuel savings by retro fitting IVT's in a small number on school buses. By certifying the fuel savings, a bond program can then be floated to pay for the retro fit of all school buses in the NY state school system with the Torvec IVT.
The $5 million would be used for the intial certification process costs and the endorsement of the politicians is very important in the potential funding of that capital. This has nothing to do with the bus companies....this is about the potential retro fit of existing school buses in NY State...it is laid out in detail in Torvec's filings...I think you are confused on what the intent of this program is based on your comments from your post...go into Torvec's filings and read the bond proposal info and you will have a better understanding of that plan.
Pitching the products to the bus makers and then giving them a license to produce and protype the units is the Torotrak model...that isnot Torvec's business model and I'm glad that it is not going that route. As for the adoption of Torvec's IVT into mainstream auto production, it's certainly a long process.....who knows the ultimate time-line answer on that one...? As a Torvec investor, you should be thrilled that Torvec isnot a one-trick-pony with only one product...there are several other technologies in the portfolio that we as shareholders own that are ready to go....that is what makes this investment so hard to analyze and predict how it all ends...should some company buy the whole thing, there would certainly be a discount paid compared to the value of future profits from the entire line of Torvec products...opinions vary on what that number is..... it's not a single digit number though....
I still think the play here from an investors perspective is that Torvec will produce a series of deals on multiple technologies that will allow a more viable method to value the company....you may be right..the IVT might be the last one to be commercialized in some fashion, but it seems like the rocket scientists from NASA like it...people moan and groan about how long it takes for this stuff to happen as you have experienced yourself with your Torotrak investment. Everybody's got their own level of patience I guess....
Personally, I understand how people can tire with an investment and they get an itchy trigger finger and sell...I think this investment is still going to provide a very nice return from these levels and I am holding onto every share.....
