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Torvecian

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Torvecian

Re: dread50above post# 11811

Monday, 06/18/2007 3:35:36 PM

Monday, June 18, 2007 3:35:36 PM

Post# of 35337
dread...

Is anyone else out there...?

Torvec sells an impaired asset, the Ice tech, for $3.5 million and already has $500,000 of it in the bank....Torvec will be paid the $3,000,000 balance in installments quarterly starting with Q1 08'...the $3,000,000 is now an A/R asset and the $1.5 million libility that had been on the balance sheet is now gone...Torvec will also get royalties off of gross sales of the ice tech...

That is a thing of beauty.....
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