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."
<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..