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Thanks. I did fine today with SBM and MDL on the TSX.
First- TEVE has around 700,000 shares to share in dividends and to calculate market cap.
If few shares are such a good thing all the major corporations would keep doing reverse splits instead of the other way around
As well if you like fewer shares how aobut another rollback of 1000 to 1? Then there'd only be 55 shares to trade except of course most would lose their shares or a portion of their shars as fractional shares are not issued. Or better yet, 100,000 to one. Gerry would have 600 and the rest would have half a share if they could have half a share. Ridiculoous to be cheering having only 55,000 supposed shares available for trading.
Second - and why is having very few shares a good thing? You want liquidity to attract investors. They want to be able to buy and sell shares at will. In that sense this is then the worst company for investors in the world. What matters most though is earnings per share and price earnings ratio.
So if they made $35000 or something last quarter that's around 20 cents a share on an annual basis. (Based on 700,000 shares).which is the number of shares that would receive dividends. And at say $50 a share (around teh current ask price) that's a P/E of 250. How is that atrractive?
Third - every private company has fewer shares.
To be more precise. No one is willing to buy at the ask and no one is willing to sell at the bid. Pretty obvious.
I think it means that there is no one selling and no one buying.
Hockmir you said:
(Hint: Its already worth more than the current PPS, IMO)
What does this mean?
That's 12.5 cents pre- consolidation.
How are Telvue shareholders a worthy organization? In anything he'll donate his shares to what he considers a worthy organization so that they may benefit if the sp appreciates. Even then he'd wait until the shares rose in value so he could get a bigger tax writeoff. The money he saved on taxes could then again be donated to another cause. Shareholders are not a cause.
Is one purchase of 100 shares for $3000 really that significant? It definitely make your account look batter and may make your significant other feel better. It could be significant if there is follow up tomorrow with bigger volumes and higher prices.
On the other hand it could be some mistakenly putting in a market order. We'll see.
Wonder what you'd get if you tried to sell a thousand or even a hundred shares? Probably $8.00 for the first hundred, but then what?
I did not claim they were lying. Check the posts. Are you falsely accusing me of saying something I didn't say? Be careful.
I was however backing up whoever said that they were hiding from the public because that's exactly what they did. Their shareholders are one one millionth of the public. I am a member of the public and I could not get access to company info had I wanted it.
And even if I were a shareholder I would have been forced to sign an NDA. Never heard of a shareholder having to do that to see their company's financials.
No idea why they did that seeing as ther float is so small, their shareholder numbers so tiny and there was little trade in their shares in any case.
I'd call it bizarre.
My final post on this.
You must be joking. The company announces that's it's going dark and then goes dark, doesn't release an annual report for 2012 or Q1 for 2013 and forces sharehodlers to sign NDAs to see their financials and to attend their AGM. If that's not hiding information from the public I don't know what is. Maybe what the NSA does?
That's the definition of hiding information from the public.. My son can't wait to defend any action the conmpany could possibly wish to initiate on the basis of my previous post. He could use the costs TEVE would have to pay in legal fees for frivolous action. He'd make more money from TEVE than you'll ever make on ths.
Well they certainly have been hiding information from the public, no doubt about that.
And what's your guess as to what Monday may bring?
What train have I missed? A stock that was trading at the equivalent of $20 to $50 a year ago is now trading around $12 once in a while. Big miss.
You act as if this was the only stock in the world. I hope you realize that there are thousands of others, many makikng (more) money, paying dividends and going UP in value.
Yes, that would justify a $12 sp. Now to get there.
Nice to see you recongnize that there are 650,000 shares and not 55,000
Earnings of 5 cents a share and a sp of $12 gives a P/E of 240.
What, no dividend?
Impressive accumulation all right. 200 shares. lol
Pressure? How can you have pressure where there is no trading and the bid/ask gap is as large as it is here?
You can't destroy a company that's self-funded (by the owner) by shorting its stock. The shareholders may suffer, but not the company as it doesn't rely on raising funds by selling (artificially depressed price) shares.
TEVE's problems came from operating losses year after year.
Give it up Agri. You can't reason with believers. It's a matter of faith, not facts.
If TEVE manages to make a profit and shares that inforation with the public, the sp will rise. Otherwise, not.
We shall see.
What I don't understand is why a company would work so hard to keep supposed good news secret.
Oh you just don't get it. TEVE is different. No one sells TEVE so the price doesn't matter, the volume doesn't matter and revenues don't matter.
The higher the price the better. The lower the price goes, the better and if the price doesn't change at all it's even better than that.
So just buy what you can and never, ever think of selling. And then you don't have to look at price or volume, just read the posts here where everyone is constantly siling.
SMILE!
The numbers are no doubt too depressing.
Yes, you can say that as it doesn't violate the NDA as it's not in the financials. lol
What criminals exactly? TEVE's sp depends on the company's performance. Since the company hasn't had to raise money from the public. its share price did not prevent it from carrying out its business. Lenfest provided all its funding.
Going dark and doing a reverse split resulted in miniscule volumes that does not allow an investor to sell his shares. Nothing to do with "criminals".
Bottom line is that you have no answer to anyone who wants to sell, except wait six months?
That surgery or college just may not wait.
Joe, you still haven't answered the question as to what someone who needs to sell TEVE now as he needs the funds, is supposed to do? Selling a thousand shares is likely to drive the price down to a couple of bucks or less.
TEVE two year chart. Not a pretty picture.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=TEVE&time=9&startdate=1%2F4%2F1999&enddate=6%2F25%2F2013&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=51&y=13&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8
What does the little investor do who bought TEVE say five years ago with most of his money and now needs those funds for some reason? How does he sell his thousand or two thousand shares to pay ro his kid's college education or his wife's surgery?
In a liquied market that's not a problem, but with an average of 6 shares trading a day, it's not so simple.
Seems clear to me.
Those who've seen the financials and signed the NDA are not allowed to disclose what they read. However, they are free to post the opposite. Perhaps that's why we're seeing all these optimistic reports.
The sp action will tell all this week.
Might be a good time to short if you can short OTC stocks.
Who is talking about future plans? I' m talkikng about past performance. All reporting/listed companies do that as a matter of course. As did TEVE till last December. They've now gone into hiding. Why?
From December to two days ago the company was dark. Anything posted in those six months was not based on company facts.
Perhaps it has now gone grey. There is still no public information. How are non-shareholders supposed to become shareholders with no information?
I have never heard of such a situation except for companies in a takeover discussion or process.
Very strange indeed for a supposedly successful company to keep its performance secret.
Someone, please explain why any company would want to do that (without talking about phanto shorts).
Opinions are fine as long as the assumptions on which they are based are made clear. Everything posted by anyone in the last six months has been nothing but opinions as the company has been dark.
Many have posted opinions and claimed them to be facts however. Like talk about short positions driving the price up;. Or talk about diidends, a sp of hundreds or thousands of dollars. Pure unadulterated baseless opinions based on no facts.
What irks the most is the certitude with whcih these baseless claims are made.
As I said earlier, I don't expect anyone to pay any heed to what I say. People should draw their own conclusions from available facts.
The only known facts are:
1. The sp action
2. What the company puts out.
That's what I base my conclusions on. But I don't expect anyone to listen to me. They too should look at the facts.
Now back to my question.
You said:
"Those who know don't speak, and those who speak don't know"
How does that apply to Joe? He talks the most. Does that mean that he knows the least?
I already answered that a post or two back.
You haven't answered my question about your initial statement.
You are the one that started discussing people when you said:
"Those who know don't speak, and those who speak don't know"
Just following up on that.
The person interested in buying those shares doesn't casre if he gets them 30 shares at at time or not. If he puts in an order for 100 shares at $9.50 will gest those shares. Clearly no one did or those shares whould be gone. They're still there so clearly no one was prepared to spend $950.
The cost of buying a hundred shares of a $9.50 stock is $950 not $3000.
Could you tell us how you know who, other than you and the few on this board own this stock? Some may be lower income but some may be millionaires and others billionaires. Please don't make these meaningless simplistic generalizations.
Pretty dismal result for the day after a supposedly boffo annual meeting and the presentation of great financials with the first positive earnings.
Could be that since the company chooses to keep its financials secret no one (other than a half dozen shareholders) is aware of how well the company is doing. And even the half dozen chose not to increase their holdings (other than one 100 share purchase or sale).
So why doesn't someone pick up those $9.50 shares on offer?
Wow, must be exciting news indeed.
Bid 8.04 ask 9.5 with a 100 shares traded. This is clearly going sky high.