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hebgb

03/03/07 10:26 AM

#10753 RE: dread50above #10750

Thanks for that dread.

I was merely wishing to start a discussion on how the board viewed progress to production rather than inventive genius, as the former is surely the key to high stock price and I’m in this game for the money. I’ve no doubt that the Gleasman’s are highly talented people, but I’m wondering how their inventions can be turned into $’s.

The time scales I indicated were what goes on in the real world, like it or not. For instance, one of the companies I’m presently invested in has had Michelin as a licensee testing a tire pressure sensor for over five years. This as a matter of urgency after the Ford/Firestone blowout cases and the imminence of the TREAD act. If they do that for a sensor, who can doubt that a whole transmission is going to be any different.

Another example would be the current transmission cash cow, the 6AT. Despite the industry knowing to the nth degree how this works, Ford and GM are so daunted by the cost of producing their own design that they have gone into partnership to help save money - and it still takes years and a fortune to get the things rolling off the production line.

The first commercial IVT was in the Harrier Jump Jet to power the alternator. I imagine this is rather like the Lunar Rover in that you can do these things for high cost, small number projects, but different criteria reign in the world of mass production.

If Torvec sell their patents rather than license them, I suggest the buyer has many years and $100’s of millions to spend before seeing a return. Is this unrealistic and if so why?

Hebe gee bee