1063197--4/5/2007--TORVEC

related topics

{stock, price, share}

{operation, international, foreign}

{product, candidate, development}

(5) In the event the company were unable to sell or license any of its automotive technologies to one or more automotive companies, first-tier suppliers and/or to a government agency and/or the U.S. military, the company may be required to commercialize one or more of its technologies itself, a situation which would require considerable additional capital, personnel, regulatory compliance and other resources. (6) The company s common stock is traded on the Over-the-Counter Bulletin Board (OTCBB), an electronic inter-dealer quotation system, and is not listed for trading on any domestic or foreign securities exchange, including the National Association of Securities Dealers, Inc. (NASD). Consequently, the company is not required to meet certain quantative and qualitative listing standards established by such exchanges for the protection of investors. (7) The market for the company s common stock is extremely limited, meaning that at any time and from time to time, there may not be enough sellers in the market to fill purchase orders and/or enough buyers in the market to fill sell orders for transactions where a given price is stipulated (i.e. limit orders ). Such orders, therefore, may expire unfilled. (8) The company s common stock is volatile, meaning that purchase and/or sell orders for a numerically small number of shares (e.g.500) may have a disproportionate positive or negative impact on the trading price at any time during any given trading day but especially, during the first and the last half-hour of trading. (9) The market for the company s common stock is disproportionately influenced by market makers (i.e. broker/dealers who agree to buy a limited number of the company s common shares e.g. 500 share blocks during the course of a given trading day at various specified prices the bid" ) who may negatively affect the trading price by periodically lowering the bid for the company s common stock without regard to company performance and/or disclosure of material events regarding the company s activities. (10) The price of the company s common stock may be negatively influenced by significant sell-side pressure initiated by short sellers of the company s stock. Short selling is simply selling a security you do not own at the time of the sale. Short selling is generally accomplished by the investor borrowing the shares from an otherwise nonselling shareholder. The short seller s profit is made when he purchases the number of shares borrowed at a price lower than the price at which he sold the borrowed shares. (5) In the event the company were unable to sell or license any of its automotive technologies to one or more automotive companies, first-tier suppliers and/or to a government agency and/or the U.S. military, the company may be required to commercialize one or more of its technologies itself, a situation which would require considerable additional capital, personnel, regulatory compliance and other resources. (6) The company s common stock is traded on the Over-the-Counter Bulletin Board (OTCBB), an electronic inter-dealer quotation system, and is not listed for trading on any domestic or foreign securities exchange, including the National Association of Securities Dealers, Inc. (NASD). Consequently, the company is not required to meet certain quantative and qualitative listing standards established by such exchanges for the protection of investors. (7) The market for the company s common stock is extremely limited, meaning that at any time and from time to time, there may not be enough sellers in the market to fill purchase orders and/or enough buyers in the market to fill sell orders for transactions where a given price is stipulated (i.e. limit orders ). Such orders, therefore, may expire unfilled. (8) The company s common stock is volatile, meaning that purchase and/or sell orders for a numerically small number of shares (e.g.500) may have a disproportionate positive or negative impact on the trading price at any time during any given trading day but especially, during the first and the last half-hour of trading. (9) The market for the company s common stock is disproportionately influenced by market makers (i.e. broker/dealers who agree to buy a limited number of the company s common shares e.g. 500 share blocks during the course of a given trading day at various specified prices the bid" ) who may negatively affect the trading price by periodically lowering the bid for the company s common stock without regard to company performance and/or disclosure of material events regarding the company s activities. (10) The price of the company s common stock may be negatively influenced by significant sell-side pressure initiated by short sellers of the company s stock. Short selling is simply selling a security you do not own at the time of the sale. Short selling is generally accomplished by the investor borrowing the shares from an otherwise nonselling shareholder. The short seller s profit is made when he purchases the number of shares borrowed at a price lower than the price at which he sold the borrowed shares.

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1063197--4/5/2007--TORVEC_INC