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Torvec, Inc. Message Board

  • robber6656 robber6656 Apr 23, 2009 12:28 PM Flag

    From JG

    Here are some excerpts from an email I received from Jim today:

    "please be advised that Footnote 14 in our recent 10-K refers to
    payments made to our engineer consultants and has nothing to do with CXO."

    "this is yet another of a long, long string of misinformation about
    Torvec and our people, including me specifically, that daily makes
    its way to these chat rooms. Another illustration----that we are planning to
    “go private.” Talk about absurdity---going private would destroy the very financial
    foundation upon which Torvec was built and has operated since 1999—that of being
    a public company with access to the public markets which creates an avenue by which
    our shareholders have a public exit to relieve themselves of Torvec shares if
    they so wish."

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    • <our shareholders have a public exit to relieve themselves of Torvec shares if
      they so wish." >

      That's Sarbane Sanitized way of saying.."Hey If ya can't stand the heat...."..Ain't it..?

      The heat only comes cause of this type of statement:
      "And, it will be far easier to finalize a license arrangement than a joint venture agreement.

      We feel very comfortable that, if this license arrangement is finalized, it would represent a major, "watershed" event for Torvec.
      It certainly would enable us to fulfill our goal of listing our common stock on NASDAQ or a stock exchange.
      The announcement of such a deal probably would increase our stock price considerably."
      Ok.. now we would love to hear a weeks not years
      timetable..

 
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