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Re: Dino1717 post# 17036

Thursday, 09/03/2009 8:38:33 AM

Thursday, September 03, 2009 8:38:33 AM

Post# of 35337
RIT Connection-my take..( or better said hope)
TOVC always was going to need a partner to truly unlock some of the value that existed in this patented technology-mainly cause we were short on manpower and money- Jim has admitted as much, and a review of the Financial statement spells it out pretty quickly. A few years ago RIT had this pretty big splash about a vision that they had for lots of tech based businesses to be springing up over that way on John and Bailey Roads that either had roots in research with the Institute or that they could help launch etc...Back when Steenburgh was CEO, he had ex EK colleague named Carl Kohrt that retired from EK and ran Battelle Institute that does similar type of thing in Columbus..TOVC had discussions but no partnership ever materialized cause I recall Jim saying they ( Batelle) wanted "control" and the Family wasn't having any of that. Bottom line of this rant, I think it is pretty easy to see the win for both TOVC and RIT in such a partnership- what I want to hear about is how does this benefit Torvec Shareholders in the way of share appreciation....??? I'm not as bothered by % splits and dilution as are some..I'll complain about that at the appropriate time..

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