TelVue is a winner
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The stock cannot trade until the certificates are exchanged as part of the CUSIP change. Period. I have 3 brokers and none of them will allow me to purchase shares until this exchange is completed.
I personally know of a few friends that will be buying as soon as the stock trades again under the new CUSIP. And Gerry has many friends.
Zen,
I firmly believe in folks doing their own due diligence and making their own decisions.
This short video gives you some idea of the future of TelVue.
http://origin.peg.tv/player/index/YourTown?height=300&noplaylistskin=1&video=51512&width=400
What are these numbers?
If it is, will you pay for the shares and the transaction fees to short it?
Kool Aid is a tasty treat but is completely disrelated from TELVUE. TELVUE is a communications and broadcasting company. It is not in the beverage and food business.
It's a 10k and it is for last year.
It will give some idea but remember it is pre r/s and a lot has happened that is good in this first quarter 2012 including new hirings like Donna Liu.
We appreciate all the hard work you do researching this stock and reading the financials.
In many ways it creates balance.
Between you and me you really should find a way to be compensated for your research activities. I believe in capitalism.
That being said, I have also read the financials and I am not concerned about the company's future. The mantra here used to be because of debt the company won't survive. Now that the company's debt has been virtually eliminated those concerned about the debt should be happy.
Will anyone who plans to sell please announce your intention to do so on this board?
Crickets.
Oh come now. This is insulting. I have been posting the reasons to buy this stock for a year on this board. And look at where we have come. From 7 and 9 cents to .4999 pre split.
And how do you anticipate a collapse of share value when 91.9% of the company is owned by a billionaire and the rest are owned by company execs and longs like Joe, me and our families and friends and other longs that post here? What makes stocks go up and down? Buying and selling. We aren't selling and the buyers are lined up at the door. I am afraid the only losers here are the market makers that are short and their hedgie stooges. Boo hoo.
Last I checked, interactive brokers and other ecns would not allow short sales of telvue.
Joe I don't know if you noticed but we have 70 followers here now. The newbies might not get some of that of which we speak but they soon will.
Speculation.
But thanks.
Here's where the company is headed:
http://www.telvue.com/2012/03/23/telvues-cloud-solutions-on-tv/
This is the first time I have ever agreed with you.
Huh? Did you think I was in this to make some chump change and spend it on beer?
I don't flip and buy and sell stocks for pennies when there is real money to be had for the future here.
I think folks do not get it. There are a handful of long investors here and WE WON'T SELL no matter what is posted here.
I would say that this bid quote is bogus and leave it at that. There is no level 2 and the stock is not trading and anyone coming to this board claiming to know what the opening bid or ask for this stock will be under the new CUSIP is simply wrong.
flaflyersfan. I made money. There is no doubt of that. The stock will be trading shortly. By the way, there is nothing shady about the stock not trading. It takes time for the Transfer Agent to get new shares out under the new CUSIP. Especially when there are possibly more markers out there than shares that exist.
Really, the bid is 1.60?! I don't see a Level 2. Is this the highest bid or the lowest? I bet I can find a market maker someplace with a 3 cent bid on a stock trading over a dollar. That does not make 3 cents THE BID for that stock now, does it?
#1 TEVED is NOT down.
#2 The stock closed at 2nd highest in years.
#3 I have made thousands of dollars on my shares so far. I bought many of them at between 9 and 12 cents and the stock closed Wednesday at .4999 so that is quite a gain. So yes, I buy stocks to make money.
#4 Debt has been converted to stock just this once per what I know, not "each time..." as you put it. And get it - he asked for STOCK, not money. If he needed/wanted money why take stock? Why not liquidate the company and it's assets to get money or take it private or sell the company to one of his millionaire/billionaire friends. HE WANTED STOCK AND OWNS 91.9% OF THE COMPANY NOW. GET IT.
#5 Most of us own plenty of shares and we are not worried. I appreciate all your concern for my well being but I am not worried so it's all good, really.
#6 Why defend NITE? Do we really care about market makers or the companies we are invested in?
What is special is that when a market maker injects non existent shares to "create liquidity" they are supposed to report this as short exempt volume as far as I know per new RegSHO requirements. But NITE and AUTO don't do this. They just report it as short volume and then never locate the shares or cover them. NITE was recently fined for such activity going back to 2009.
I like your use of the word "painted" as in "painted close" as you put it. That's amazing really. If someone buys shares at Ask it is called "painting"? Really?
What do you call it when a market maker like NITE intentionally sells shares at BID to take the stock down? Or purposefully lowers the ASK day after day so that any buy will bring the stock down? I suppose THAT isn't manipulation?
Reminiscent of those that would cheer on a bully on the playground instead of helping the victim.
Only WE aren't victims here. The shareholders are the winner no matter what is posted on message boards.
It could take some days before the transfer agent gets certificates transferred to the brokers and ECNs under the new CUSIP. I could not get a time when this will be completed when I called my broker. It will take what it will take.
I cannot help but think that some of the delay may have to do with the ECNs and brokers having more markers than available certificates...
But this is of course controversial.
With or without shorts, can anyone argue how strong this company is looking for the future when you see this?:
http://origin.peg.tv/player/index/YourTown?height=300&noplaylistskin=1&video=51512&width=400
now it looks like they are trying to get into the mortgage business, probably as a hedge against the inevitable...
There are ways to make pps fall without people selling. Short selling. MMs selling at bid instead of ask. Artificial dilution by selling non-existent shares. Folks say these things don't happen in the OTC and yet if you look you can find SEC and FINRA fines against NITE, UBSS and others for such activities.
My mistake on all counts.
But even if that were a current bid, that's just ONE market maker and it does not represent the highest bid or speak to any other market maker. AND THE STOCK IS NOT TRADING.
I won't be parting with any of my shares any time soon. And certainly not for 1.05 a share in any case.
I just called one of my brokers and there are no posted bids or asks on their end. They confirmed that the last trade was on Wednesday.
Saying that the bid is 1.05 or 1.35 or 25,000.00 is all equally irrational. THE STOCK IS NOT TRADING. It is all speculation. There is no Level 2 and no one can buy and sell this stock AT ANY PRICE RIGHT NOW. It could take DAYS for NITE and some of these other criminals to try and cover their tracks while Scottrade, E-Trade, TDAmeritrade, etc. are trying to obtain certificates from the Transfer Agen, perhaps more certificates than exist? Who knows?
On ANY OTC stock there is ALWAYS some market maker parked off the bid or ask. It is common to see a marker maker with a 3 cent bid and a 200.00 ask on any OTC stock. Who knows what this 1.05 or 1.35 figure is -- it could simply be someone parked off the bid as of Wednesday. It does not mean that is a CURRENT and ACTIVE quote.
Saying such as a fact (this stock has a 1.05 bid) without a full and current Level 2 and with the stock not trading is simply misleading.
BTW welcome to the board. I haven't seen you since you were the original moderator and the CPOW board when it was under heavy attack.
I have no worries friend.
For a decade Gerry has been giving away millions of dollars to make Philadelphia and the world a better place. He has friends. And they are coming to the table, believe it.
There is nothing that can be said on any message board anywhere or done anyplace to stop the inevitable.
I'm pretty sure TelVue will soon qualiify for NASDAQ under one of the initial listing 4 groups if not already. I'm not too worried about any of this to be honest. I will want to get my hands on a whole lot more shares before the inevitable uplisting.
I am more enthused about dividends and forward splits.
Tell me after you watch this video if you still think this company is going no where. We value your opinion.
http://origin.peg.tv/player/index/YourTown?height=300&noplaylistskin=1&video=51512&width=400
All you need to know about TelVue and the Cloud:
http://origin.peg.tv/player/index/YourTown?height=300&noplaylistskin=1&video=51512&width=400
I found this forum posting of interest:
http://forum.telvue.com/topic.php?id=66
This is indeed a ticking time bomb. And like the other crises for these criminals in the past (savings and loan crisis, mortgage bubble, implosion of the banking system) they will come with hands extended pleading for a bailout.
It is time for people to go to jail.
Please provide documentation for this statement.
SEC takes Wells Fargo to court to enforce subpoenas
Reuters
By Sarah N. Lynch and Rick Rothacker
(Reuters) - U.S. securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities.
The Securities and Exchange Commission's filing in a San Francisco federal court seeks to compel the fourth largest U.S. bank to hand over documents. The SEC said it has issued several subpoenas since September.
A Wells Fargo spokeswoman called the SEC's action "inappropriate" and pledged the bank would "vigorously defend itself in court" against the SEC action.
"Wells Fargo has extensively cooperated in the commission's investigation and believed it had an understanding with the SEC staff with regard to the outstanding document requests; the filing of this action violates that understanding," said Wells Fargo spokeswoman Mary Eshet.
The SEC said on Friday it is looking into whether Wells Fargo made "material misrepresentations or omitted material facts" in offerings it made to investors from September 2006 through early 2008, a period that included the beginnings of the financial crisis.
The SEC charges that a due diligence review of a sampling of the securitized loans was done, and some of those loans would be dropped because they failed to meet the bank's underwriting standards.
But the regulator said it "does not appear that Wells Fargo took any steps to address similar deficiencies in the remainder of the loans in the pool, which were securitized and sold to investors."
Eshet said that the SEC had inaccurately described its conduct with regard to residential mortgage backed securities and that no enforcement action was warranted.
Several major US banks, including Bank of America Corp and Goldman Sachs Group Inc have faced intense scrutiny from regulators, investors and politicians over their packaging and marketing of mortgage debt, including whether they properly disclosed the risks.
Much of that debt proved riskier than expected, and was a major factor in both the 2008 financial crisis and the roughly five-year U.S. housing slump.
The SEC's subpoena enforcement action against Wells Fargo is a rather unusual legal maneuver.
One of the last more high-profile instances of the SEC seeking compliance with a subpoena occurred in September when it asked a federal court to compel a unit of accounting giant Deloitte & Touche to produce records in connection with a fraud probe at China-based Longtop Financial Technologies Ltd.
SIX SUBPOENAS
According to the SEC's Friday filing against Wells Fargo, the agency has issued six subpoenas to Wells Fargo since September 30. The SEC said in its complaint it wants the bank to provide the documents in 14 days.
In the complaint, the SEC said on February 24 the commission staff notified Wells Fargo that it was considering filing a civil suit for securities law violations. The banks disclosed the notice in its February 28 annual report.
According to an email included in the court filings, a lawyer representing Wells Fargo on March 14 told an SEC attorney that the bank assumed the investigation was over after it received the enforcement notice. The bank could revisit the issue of any additional document production after filing its response to the notice, the lawyer wrote.
Among the types of documents the SEC is seeking are loan underwriting guidelines, due diligence reports, drafts of prospectus supplements, staff training materials, preliminary loan data and 1,365 emails.
The SEC said that Wells Fargo had initially balked at turning over the emails based on attorney-client privilege, but then later reversed course and promised to turn them over in short order.
In some cases, the SEC said the bank has provided regulators certain documents, but has still failed to confirm it produced all of them.
In other cases, such as with the emails, the SEC contends it has still not received them.
Most recently, the SEC said, Wells Fargo "failed to complete its production of responsive documents" despite setting a self-imposed deadline of March 7.
The agency also disclosed that it has separately sent notices to two individuals involved with Wells Fargo's mortgage-backed securities offerings warning it may bring enforcement actions against them.
The case is SEC v. Wells Fargo & Co, U.S. District Court, Northern District of California, No. 12-mc-80087.
(Reporting By Sarah N. Lynch in Washington and Rick Rothacker in Charlotte, N.C.; Additional reporting by Jonathan Stempel in New York; Editing by Tim Dobbyn)
http://finance.yahoo.com/news/sec-demands-wells-fargo-comply-195828019.html
Hello. Welcome to our board.