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Sorry, had to take another nap before responding.
Financiers come in many shapes and forms, not just the VC's. Their financing activities are protected not by the low share price but by the 'no floor conversion price and discounts to the 3 day avg. bid price' and the spread between the two. This is how they make their big money on top of the interest on principal.
Warrants are icing on the cake but will not be exercised unless they are in the money. So share price lower than conversion $ is counter to the warrants coming into play. Many of which will begin to expire this year (2 year warrants attached to the earliest convertible notes). This may be a plausible explanation why SP might want the s/p to stay lower than conversion, to eliminate the exercise of the warrants, keeping share structure from ballooning but then it takes away a form of cash infusion which may be less expensive than cash for shares, depending on s/p at time of exercise.
The use of fictional s/p and ss is confusing, the relevance to Tivus is lost in your translation.
Just, SHOW ME THE DAMN CONTRACT!
D
Wag,
Please take this message with you to Philly.
TURN OFF THE SHARE TAP! and just,
SHOW ME THE DAMN UPLIST!
gltu
D
Irish, LOL. Last I checked I bleed Tivus red like everyone else. At some point got to cut the chase and get to the point.
Just, SHOW ME THE DAMN CONTRACT!
GLTA.
D
Friday mid morning PT, suprisingly unchanged O/S.
D
I believe the fallacy of your theory is that you assume the value of services rendered changes. Rather shares issued for the service value are adjusted to the current s/p at the grant date. Less shares if the s/p is higher and more shares if the s/p is lower.
Service value / s/p at grant date = # of shares
The variable 'Service Value' does not change.
Besides, 2 shareholders of Preferred Class A Stock in the amount of 10,000 shares will not benefit from a low share price. Shiva and an unnamed service provider, wonder who? Steve, Phil, Doug, Randall? When the conversion features kick in look for them to hold 10% of the company in one fell swoop off these shares alone.
All IMHO
D
A legend I am not, a frustrated Tivus shareholder I am.
An investment advisor I am not, a Tivus shareholder in the red I am.
A fan of Tivus CC's I am not, a fan of A1 I am.
And yes, I was the last one grilling at the CC.
Just, SHOW ME THE DAMN CONTRACT!
D
jwez, you may have some valid points somewhere in there but when I started reading it, I got a headache, became confused, then had to take a nap break. When I woke up I started all over again but got a headache . . .
Just, SHOW ME THE DAMN CONTRACT!
Please ask for a copy when in Philly.
D
Haven't left. It's either going to be boom or bust come settlement time. Just waiting.
D
Yes, and he told a board member that he could sniff out paid bashers of which I was one. LOL.
D
Both G0!G and $avW started as a dream and actually had a working product. Signed contracts and meager revenue couldn't overcome the dilutive greed. I agree that !ke has shown his true colors.
Will SP? I don't know, but there are many questions left to answer, dreamer or ?
Time will tell if history repeats.
IMHO.
D
Agreed,
and is why I question what he states.
D
Fair enough on the term abandoned but why could he not specify Tivus, instead of anyone?
D
Maybe so, but that part didn't play out till it became history after the run to .06.
Which is my point exactly, history may and can repeat itself here. Hoping it doesn't, but if you are not aware of the past Max Wifi actions and performance then you haven't done adequate DD.
IMHO.
D
I think SH's wording is cleverly Steve. "Abandoned anyone" were his words. Why did he not specify Tivus?, abandoned is ambiguous in this sense. They could be transitioning out, thus leaving but not abondoning.
imho
D
Reaching? No.
The relevance will differ by individuals but I'd venture to say many would consider historical actions are a trend worth paying attention to, that if the pattern continues would have far reaching relevance.
Look at !ke $utt0n, G0!G. For those who study the past as a gauge of the future, classic example in Pinky land. You could have made a fortune and many did, but you had to know his history, the company history, the numerous attempts to launch a similar product to anticipate the rise and fall and now the grasping fluff and attempts.
Max WiFi Communications, while no longer the namesake of the corporate entity, will forever be joined at the hip. Tivus SS was born from actions at Max WiFi, they share the same visionary, target the same industry, and tout many of the same benefits.
Max WiFi, actually had meager revenue, and a handful of customers with their system installed. What is yet to be confirmed exists is a Host Contract and revenue that even remotely approaches the Ad Revenue projections which Tivus has issued.
Yea, I know the company announced both but they have lost much credibility around these parts. I for one no longer believe the fluff and talk of what they said.
Show me, prove it!
SHOW ME THE MARRIOTTS!
SHOW ME THE CONTRACT(S)!
SHOW ME THE MONEY!
Anything short of this and I'm a skeptic, and yes a skeptic long.
All IMHO.
D
Sounds a bit familiar? He's been practicing those lines for over half a decade.
Spent plenty then, still spending.
MaxWiFi Communications Inc. ( www.maxwifi.com ) (PINKSHEETS: MXWF), a provider of secured protected end-to-end systems to the hotel industries and U.S Military, is proud to announce that our company MaxWiFi Communications Inc. has spent over 3.5 million dollars over 3 years
http://findarticles.com/p/articles/mi_pwwi/is_200810/ai_n29489996/
He has already,
- Maxed the AS at Max WiFi,
- RS'ed the SS at Max WiFi,
- Lowered the AS at TIVU,
- Raised the AS at TIVU,
- Maxed the AS at TIVU,
- Raised the AS again at TIVU.
I don't think he needs to wake up, history says he knows.
D
At least, we have now identified something which Tivus is both consistent and timely in.
D
That would be "Meager Revenue Stage".
"Living in the Moment" with Tivus is risky.
OS unchanged this morning but tomorrow's a different day. Meager revenues translated means revenues do not cover expenses and they still have significant cash requirements. Bluntly, they need to dilute to raise cash!
All IMHO.
D
That, I wholeheartedly agree with.
GLTU.
D
By the company's account yes, a contract should allow the company to debt finance vs. equity finance. However, Tivus has claimed 3 contracts for over a year and the completion of one contract for several months, so why has the OS doubled since mid October 2011?
Okay, I know they need to line up advertisers to generate revenue but economies of scale and adequate margins won't occur until they get to the 5,000 room mark and an ad aggregator can be utilized. They may be able to verify proof of concept and operation but the financial woes won't stop until they can prove their monetization model and I don't see that happening anytime soon, short of Host validation and multiple property contract verification, neither of which we have yet.
All IMHO.
D
Debt free is not going to be part of the Tivus vocabulary any time soon.
Philly alone will not wipe out convertible debt.
All CC's have failed the company from a stock perspective, do we really need another?
The share price is what it is and Tivus management is forced to conduct business from that point forward. I agree that management knows this, they have tried many attempts to boost s/p, to no avail, sans temporary spikes.
Sorry js29 but my take on reality here differs. All IMHO.
GLTA, D
The picture looks different, when viewed in this fashion, at least for some of us.
GLTA, D
O/S Changes
This is what I have recorded on date of verification with TA since 8/1/11. Actual date of changes may be slightly different and a couple which may have occured between verifications.
8/5/11 = 197,462,349
8/15/11 = 215,883,402
8/18/11 = 241,851,245
8/30/11 = 294,837,013
9/13/11 = 326,037,013
9/15/11 = 355,792,012
9/23/11 = 379,321,424
9/29/11 = 388,321,424
10/4/11 = 403,321,424
10/10/11 = 445,321,424
10/17/11 = 531,035,709
10/24/11 = 643,285,709
10/28/11 = 713,285,709
11/29/11 = 774,714,279
12/6/11 = 869,880,946
12/26/11 = 989,547,612
1/3/12 = 1,066,547,612
1/11/12 = 1,132,547,612
GLTA, D
MCap goes up if sp holds fairly static with dilution, in normal situations. SP adjusts down, in pinkie land if it goes to line insider pockets, or at times there is no corresponding increase in value (which happens a lot in development stage).
I do understand the point, once we reach the floor of .0001 it can only go up with dilution, unless they buy back shares or RS.
We will see when Q4 and Q1 2012 comes out what form dilution occurs. My gut says they will be in all forms as previous until significant revenues flow. Multiple contracts need to be fully executed to cover $718k in Q3 net losses which will only continue to grow. Gross contracts have to be at much higher values to cover revenue sharing and % payable to IPTV services plus overhead and buildout.
It is going to take a while.
IMHO
D
Problem is we don't know all the details of the notes. Conceivably, they could piecemeal the convertible notes, converting portions at a time too.
Convert to 4.9% ownership, stop, sell, do again. There are many ways to skin the cat in this game and the Canouses know it as well as any.
Q3 2011 shows for the year, ~120 mil in convertible shares issued and over 140 mil in 504 cash for shares. Another 140 mil or so were for retirement of debt, payment for services, etc.
Noteholders will continue to convert and Tivus will continue to pay bills and use shares for cash.
IMHO.
D
Yes, MCap will always match sp x's OS, in that way it has relevance.
However, TIVU MCap at $300k is so low, relative to the promises and projections, that it loses relevance as a reasonable guage of impact of OS dilution. Thus, with diluted OS, the Mcap and s/p can only fall so much, there comes a point of diminishing impact, unless it forces share restructure, which then sets another floor which is even lower.
Yes, noteholders get their interest but it comes from Tivus at a higher default rate, thus increasing liabilities and lowering valuation/sp. That's the double edge sword. Either way the company pays and sp is impacted.
If not converting keeps them out of reporting 5% ownership and allows them to sell without restrictions then that would be motivation to hold. If they can't avoid it, convert at lowest possible price to maximize buy point or convert at highest potential profitable price to maximize sell point. Like when we were in multi pennies and a 10% drop on .05 represented half a cent, still plenty of room to profit off their 50% discount conversion at .025. They don't have the benefit of maximizing the sell point any more, so they need to maximize buy point.
IMHO.
D
There was a time when I would agree but in the billions, I believe the impact is diminished. Like you said not much room to move down at .0002/3. So OS increase impact is diminished.
MCap and s/p is usually impacted by OS increase, correct but right now MCap is irrelevant with TIVU. Things are so out of whack and unclear with what is and what isn't. Until they clear the fog and can prove execution and revenues MCap is moot.
IMHO
D
ID, I tend to disagree.
Converting the shares doesn't drop the price, selling those shares do.
I also believe that if I am a noteholder and feel that good things are on the horizon, I convert now so that my conversion is 50% of .0002/3, then hold and wait for news and developments to unfold. Then sell my allotment and more when the SS adjusts through further dilution
If I feel the s/p will fall further and include an RS then I hold the note and convert later.
Those notes are a double edged sword. If they convert and sell sp goes down. If they don't convert, the notes accrue default interest that puts Tivus further behind the 8 ball.
I don't think they want to wait it out, there are multiple noteholders and there will be different exit strategies. They want their money back as soon as possible. With the amount of outstanding notes, if one doesn't cash out and crash the s/p then another one will. It's everyone looking out for #1 first.
Of course, these are simply my opinions. I could be wrong, I hope that I am wrong.
GLTA.
D
So question Yellowdog1,
Your summary addresses the restrictions on selling, did SH refer to this in the same manner in terms of converting?
These are two different actions, conversion can still occur at these levels even if they can't sell, is this not correct?
Meaning OS can easily grow to the 4.9 bil referenced, if noteholders convert at current s/p. They don't have to sell right away. Or are we missing part of the discussion?
D
The hope has diminished parallel with the value of my TIVU holdings. LOL.
I am a pragmatist, so no worries, it is what it is.
I understand and accept the risks and potential of pinkie land and will post what I consider to be reasonable and accurate, albeit with some conjecture and barbs. Still gotta have some fun.
GLTA
D
It appears that the ink will dry. . .
in the pen before it gets to the paper.
D
You are correct. Page 11, paragraph 2 under section Potential Dilution.
This is a projection of the issued shares (OS) not Authorized, which could be higher as this 4.9 bil projection does not include the current 1 bil plus nor the Preferred shares issued to SP and one other.
D
R3, I wonder if Fred and Barney ever got to see the little stream that could?
If the revenue stream at Tivus takes anywhere near as long as the Colorado took to develop, well, we'll all be long gone by then. LOL.
Happy New Years to you.
D
So has Tivus developed a siphon in the form of EVA Capital? Sales and marketing arm of Tivus? Is there a direct (conflict of) ownership/relationship?
Roger Sverdlik's Experience
Advertising Sales Representative EVA Captial/Tivus Technologies
December 2011 – Present (2 months) New York, NY
EVA Capital is the sales and marketing arm of TiVus Technologies, a provider of IPTV advanced television services. The company is deploying IPTV technology at the Philadelphia Downtown Marriott Hotel as a test with future deployment planned for upscale hotels around the country. IPTV (internet protocal) is a distribution system for television programming which offers interactive capabilities and specific targeting down to the individual viewer level. EVA Capital is responsible for selling local ad avails on all cable and broadcast network programming fed into the hotel via the IPTV platform..
I would think this is newsworthy, the development of an independent sales and marketing arm. Perhaps even announcing the hiring of a sales and marketing executive from the powerhouse - executive recruitment service of Craig's List.
Wonder if he got a signing bonus of $23,100? (77milx.0003)
Roger was employed in December 2011, yet he refers to the Phily Marriott as a test. Hmmmm?
All just my observations and IMHO
D
Without current filings, no way to know where or what it is going to.
Of course, we could call or e-mail SH but that is akin to letting him fit you with blinders.
IMHO.
D
Not sure but it is associated with lack of disclosure.
Insider Trading Warning
This company may not be making material information publicly available.
What is that last paragraph on each PR?
[quote]One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties within its filings with the OTC Markets and/or Securities and Exchange Commission.[/quote]
If nothing else, their best judgement should be questioned.
All IMHO
D
Don't know if it's part of a plan or simply inept management.
What good does the audit do when they are behind on Q filings going from Limited to No Information. Makes one wonder the validity of the audit.
OTC Markets, direct link and implying insider trading associated to that status.