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I'm sure they'll declare a dividend even if they have no money. Afterr all so many on this board have been calling for it.
You are right alen. You and Joe have finally convinced me.
I'll throw 50K at this on Tuesday and see how many shares it gets me.
This'll really punish the shorts.
We will all wait for the Annual Meeting. Some more anxiously than others. I must be getting near my daily limit.
Night all!
You hope.
I look forward to seeing the error of my ways. No one has ever lost money not buying pinkie shares.
I think you are still pinning your hopes on a large short position (which does not exist) and even if it did would only face difficulties if TEVE suddenly became profitable.
The first scenario does not exist and the second is doubtful.
Yes, when you're a lawyer in court you don't ask questions to which you don't know what the witnerss will answer as you are no eliciting answers but trying to influence a jury.
We are not lawyers and this is not a court of law.
And I ask how much you could get for your shares if you had to sel them. There is no answer to either question as you can't tell who might sell at higher prices and who might buy at lower prices since THE SHARES DON'T TRADE.
There is no market for TEVE shares
You're stuck with them until TEVE comes back to life. And since on one has to buy shares your question is moot.
If I know the answer I don't ask the question.
When I said I was going I meant going out.
WHAT WOULD YOU GET FOR YOUR 7600 SHARES IF YOU SUDDENLY HAD TO SELL THEM?
IF THEY DIDN'T NEED THOSE EXECUTIVES WHY WERE THEY ON THE PAYROLL YEAR AFTER YEAR?
HOW DO YOU DEVELOP NEW PRODUCTS TO KEEP UP WITH CCOMPETITORS IF SENIOR ENGINEERING MANAGERS ARE NO LLONGER WITH THE COMPANY?
IF NOT BEING ABLE TO BUY OR SELL SHARES IS SUCH A GOOD THING THEN WE MUST CERTAINLY PITY THOSE POOR BLUE CHIP COMPANIES THAT TRADE MILLIONS OF SHARES A DAY
NO, YOU NEVER MENTIONED EXECUTIVES LEAVING, AGRI DID
Now that I"m back let me try to answser you.
As I said no one can say what one may have to pay for a stock where there is no market. The same as me asking what you could get for your shares if for some reason you had to sell them tomorrow.
It is just as unlikely that someone would HAVE TO buy 5500 shars as it is for you to have to sell your 7600 shares tomorrow.
I know you are once again assuming that there are shorts out there for which as we disucssed earlier there no evidence. There is evidence that there is no short position.
Of course one can dream up all kinds of scenarios I think it best to deal with the reality that we have. No buyers, no sellers, no company info., senior execs departed, little cash at the end of 2012 and the conmpany announcing that they needed funds to continue operations. They havve announced new customers but without any sales figures. That's about it.
Let's wait till the company comes up with financial then we can discuss possible future sp scenarios with some basis in facts for discussion.
All right - have fun. Have to go.
Exactly. No one knows. So why would you tell people to buy and not sell?
I would not tell people to do that with a company that I knew nothing about for the last six months of operation. I'd call that irresponsible.
I have never suggested that anyone buy or sell. In fact I've said don't sell now as there is no market.
I've also said that I would not buy shares of a company that has gone dark.
Seems reasonable to me.
Very interesting hypothetical question. Sorry, but I have no answer for you.
Wait till the company comes up with a profitable quarter and there is a real (liquid) market for the shares and then we can talk again. At the moment there is no market and virtually no trading.
By the way, you could ask the same question about how much you could sell your 7600 shares for at the moment. Probably not very much as the bids are virtually non-existant.
All I know is that they've been silent for six months and I've heard that they've let go a large number of senior people. Why, what do you know that's not been made public?
I was not commenting on TEVE, only my experience with shareholder meetings, which is where this whole discussion started when I was asked if I was going to the TEVE shareholder meeting.
I said no and then for some reason that was not found to be enough for you and alan.
I've owned dozens if not hundreds of stocks. I've gone to the meetings of three or four. That's my experience over the last ten years.
Doesn't meant they all lie. The ones I went to did not shed light on their companies, more like kept bamboozlinjg shareholders. But that's just my experience. Your experience may differ.
TEVE has clerly not done well but I don't know what you heard at their meetings.
Yes, no, no.
Let's put it this way. Overoptimistic prognostications and failure to come clean with possible or likely negative possibilities.
I don't go to annual meetings of companies I don't own.
I also rarely go to annual meetings of cmpanies I do own. Any info presented is made available through news releases. When you do hear smething new, the information is unreliable. At least thats my experience the four or five times I did go.
Do some DD and read the third post before yours.
Why would I care one way or the other what happens to the share price. I'm curious, but not invested one way or the toher.
.
I've moved to dividend paying stocks, REITs and such. I learned my lesson with pinks and money losing companies. No more gambling for me. Too close to retirement.
But I do hope TEVE makes it a makes your rich.
If you think the shares are so cheap you should be happy to buy them. Follow your own advice.
I don't care. Besides. what if he had five shares? Or if you had 10,000 shares?
I'm not influenced by what posters have to say on a pinky discussion board. I look to financial statements and analyst opinions when I make my decisions.
My guess is that TEVE has around a 10% chance of surviving. To buy such an illiquid stock is suicide. Even if you could pick up a reasonable number of shares there is no guarantee of ever getting out at a profit. You sem to like the fact that there are few shares free-trading. That's a big problem not a benefit.
This site is purely for entertainment.
Not till I see a positive quarter and probably not even then. I doubt if agri bought any. Ask him.
You definitely should pick those up. You may never have another chance.
This is the most entertaining site on the internet. Too bad we can't sell tickets. Maybe TEVE should do that to incrase revenues.
Are you joking?
Missed what train? The train to oblivion? The price has droped from a high of $90 to $15 if anyone is willing to pay it and no one seems to. You, it seems, got on the wrong train.
A billionaire may hae been behind TEVE but it didn't do it much good. And he's certainly not behind it now. Stuck with it or under it maybe, but not behind it.
SLNM is another of your winners. Down from $2.00 to 25 cients. You're some stock picker.
They've probably reduced their costs by one to two million a year, meaning that if their revenues don't increase their losses are reduced to three million a year and they can last a bit longer.
This may be their only chance to stay alive for the year unless they raise new funds (dilute) or at least double sales.
In the medium term they'll need these engineering execs to be able to keep up with the market by upgrading their current products and developing new products. Without that they're dead in the medium and long term.
So if the cutbacks and increased sales let them become profitable and re-hire the engineering and sales people they may be able survive in the longer term. The key is increasing revenues as well as making sufficient cuts to become profitable.
Dividends are years away, if then.
As for the supposed short position, that has nothing to do with profits or survival.
If we're going to talk about facts, let's start with a definition.
fact
Definition
Event, item of information, or state of affairs existing, observed, or known to have happened, and which is confirmed or validated to such an extent that it is considered 'reality.
So a fact has to:
exist
be observed or known to have happened
confirmed or validated
Under this defintiion the following are some of the facts as we know them today:
TEVE is in business and has been in business for a number of years making various communications equipment and providing related services to a large number of clients
TEVE has lost money for at least seven years
TEVE has gone dark and has not issued financials for a number of quarters
TEVE was looking for funding late last year
TEVE did a 1 to 200 share consolidation
Mr. Lenfest has converted money owed hiim by TEVE to shares and holds over 90% of the company's shares
TEVE has let go many of its senior executives presumably to reduce costs
TEVE has announced the date of an annual meeting shortly
TEVE has announced its intentions to issue financials to shareholders
The following which have repeatedly been stated here by longs are NOT facts
TEVE has a large number of shorted shares - no evidence
TEVE will be profitable - conjecture
TEVE will issue a dividend - conjecture based on the premise that it'll have sufficient funds and and the Board approves it
The following which have been repeatedly stated by those who question the future of TEVE and are NOT facts
TEVE will go bankrupt - conjecture
TEVE will go private or be sold - conjecture
TEVE will not issue financials - conjecture
TEVE willl not hold a meeting of shareholders - conjecture
In other words, nothing about the future is or can be fact, not even that the sun will come up tomorrow. Still conjecture with a very high probability fo becoming fact tomorrow morning, but still conjecture until then.
So let's not confuse fact with what are our convictions about the future of TEVE or anything else.
So let's hear your answers (other than the imagined short idea). Please provide FACTS.
Talk about being consistently wrong. No one has been as wrong and as consistent as you. But you are not entirely wrong. Your last sentence can not be disputed. "I sure don't know anything"
Here is your post from nearly seven years ago. Still waiting for the first profitable quarter.
qtipjoe Member Level
Wednesday, September 06, 2006 9:17:20 AM
Re: None
Post #4 of 11204
Three posts in as many years. It's taken it's time but good things come to those who wait. Keep an eye on the numbers each quarter for awhile. If I know what I'm talking about they should get better each quarter and never look back. This has never been an overnight winner and will not be now IMO. But once it starts to make money things will continue to get better. I am very long and very strong and I expect to be rewarded. Do your own DD because I sure don't know anything.
No one is selling (although Joe said 10 share sold) because if anyone with say 1000 shares tried to sell they'd drive the sp below $1. So you might as well hang in there and hope for a miracle or the short squeeze (same thing).
As for Mr. Lenfest, he's already given up on making a winner out of TEVE and the money of course makes no difference to him - so don't look for miracles coming from him either.
Maybe he'll donate his shares to charity and get a tax writeoff.
So you guys clearly have no answers - just baseless hopes and dreams.
I'll consider picking up some shares when they turn a profit.
At the meeting make sure you ask about the short position and when a dividend can be expected and watch them roll their eyes.
or yeasaying
Im sure if the news is good we'll all hear about it. Actually well probably hear about good news no matter what.
Then clearly this is not what TEVE is doing as their share price has not responded.
You're comparing the builfing of an apartment or office building with the development of technology products.
In technology you never finish the buliding, but have to keep upgrading and improving your product or the customers move on.
Even in a real estate company once you finish one building you move on to the next. If you don't you stagnate.
Just look at the likes of Kodak, Sony, RIM MySpace, and thousands of other high tech firms that failed to do that and were swept aside by new competitors. Research and development is at the heart of technology.
Every year new and improved models must be developed or a company faces extinction. Did Apple stop with the iPhone? Each year better products emerge to try to survive in a fiercely competitive world of Samsung, Blackberry, Nokia and the like.
No different with TEVe. If the engineers and innovators leave where will the improved products come from?
So thats another thing youve got totally wrong.
Now I understand why no one is buying.
Mr. Lenfest has told everyone in the world not to buy and further instructed all market makers not to accept buy offers.
See, when you're a billioinaire you can make anything happen. He probably forced people to go short as well. I think he is responsible for everything to do with anything in the universe.
Jack,
In other words you haven't seen any reports either. You said:
"those of us that are shareholders will have access to the reports."