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Hackers do not physically break into buildings to compromise a company. Security comes from software not locked doors or thick walls.
There is nothing new with "creating" a cloud service. Dozens if not hun dreds of companies, all larger than Telvue provide cloud services.
The age of a building or the thickness of its wall has nothing to do with business success. Totally irrelevant.
You clearly don't understand what "the cloud" is.
Telvue did not create or develop "the cloud". The cloud is an organization of computer hardware centrally alllowing mutiple users to make use of that hardware. Read this on Wiki.
http://en.wikipedia.org/wiki/Cloud_computing#History
Many comanies mentioned, but of course not TEVE.:
Anyone can provide cloud services and anyone can provide computer equipment. The big boys with the money will win this race and that doesn't sound like TEVE at the moment. They don't even have the funds to keep their listing and Gerry is no longer prepared to keep pumping in more money.
They have a coup;le of quarters left before they're forced to sell, go private or fold. So unles the last quarter was profiable, TEVE is in deep trouble. Of course, we won't know till the fat lady sings as they're not making their fincials public and even if they do, the financials will not be audited numbers.
No thanks. You paid and will continue paying.
I bet. I'd be ashamed to post them too.
I didn't mention Mr Lenfest, you did. But you were right - we're a week closer to whatver you wish to end that sentence with.
Also one week closer to the end of the world and everything else yet to come.
Yes, I do think it's very odd.
agro, you're totally wrong.
Not about TEVE, but about this board going quiet after another losing quarter.
After 40 losing quarters it never stopped the cool-aid drinkers from simply drinking even more of the stuff. They'll just redouble their efforts mooning about the NEXT quarter and the shorts.
Are you saying that idiotic claims can not be challenged? Do you think Gerry is going to give TEVE 800 million as this individual claimed?
I'm not attacking a person but the suggestion that because Gerry has given 800 million to charity he will do the same for TEVE and TEVE shareholders. Just check back a few posts to read the claim.
You are expecting Gerry to donate money to you because he's given 800 million to charity, hence you think you deserve charity.
Do you feel that you need charity or that TEVE should be treated as a charity?
I hope Gerry doesn't think of the connpany as a charity case.
Most people in that position give money to the needy or for worthy causes not to support losing companies or loser shareholders.
What a crazy dream to think that Gerry will GIVE you money.
And what does that have to do with TEVE?
What's that 800 million comment you made?
Huh?
3 to 4 million would be close to break even.
I suspect that he'll claim that he recieved all of IPKL's intellectual property in return for giving up his claims to funds owed to him by the purchaser of the shell.
I don't see how the purchaser of the shell had the right to do that.
I have a number of lawyers in the family and will try to get some answers.
Could someone summarize what happened exactly that I can pass on?
Do IPKL shareholders have a legal case against the Kanno and the deal?
Could the response be that Telvue has no money for acquisitions or perhaps evern salaries?
So which of your dreams is going to move the sp?
Dividends or short comvering. Get your stories straight.
There is no evdience of any shorts and dividends are highly unlikely.
However, I do wish you luck.
Oh, some possible future dividend. I see.
Last year TEVE lost around $4 million.
For it to pay a $1 dividend (assuming all earings are paid out as dividends - highly unlikely) they'll need to make a profit of $5 million this year.. That's a $9 million swing in earnings in one year.
Highly unlikely and almost unheard of in the tech world. Ten years of consistent losses followed by a huge turnaround?
You are clearly dreaming.
Dividend? What dividend?
I know how it works. They decided to save the cost of complying, thus accept being delisted.
Had they had sufficient funds they would not have done that. It's a last resort. The company said in their last 10-Q issued Nov. 9 that they needed $250,000 by year end which they have not indicated that they managed to raise.
Since they are not reporting we can only guess what's going on.
Just not enough to stay off the pinks.
somebody posted that the WSJ "featured" Telvue.
I did a search and found this:
http://online.wsj.com/article/PR-CO-20130205-912351.html?mod=crnews
Not a feature, but a Tevlue news release.
Can't you tell the difference?
Don't know, but i don't think so.
The company has lost money from day one and is continuing to lose at around $4 million a year.
Until recently Gerry Lenfest footed the losses. This support has now stopped. A 200 to 1 reverse split took place and the company announced that it will no longer provide audited financials to save money and has been relegated to the pinks.
Some think that this will soon turn around, but that is pure speculation.
The company may be out of money and if you check their latest 10-Q issued early November they raised the question of continuing as a going concern unless they can raise $250,000 by the end of 2012. To our knowledge they have been unable to raise those funds.
So anything is now possible. Sales gain to become profitable, a sale of the ocmpany, the company going private or bankruptcy.
There are around 700,000 shares out with G. Lenfest holding 90% so he can do whatever he decides to do.
Oh, so with only 30,000 shares their market cap is under $500,000?
I'm only posting what the conmpany posted - not like everyone else here making things up as they go along.
The 10-Q covering to the end of the September quarter was filed on November 9. On November 9, less than three months ago, the company said they needed 250,000 by year end.
At that point they were seven weeks from their self-imposed deadline for raising those funds. Although they have declared that financials would no longer be reported, if they had raised funds they would have released that info.
Since they haven't, presumably they have been unable to raise the money.
Everyone talks about deals with Facebook, Neon etc.
Someone please show how much they have been paid or will be paid through those contracts. That is, contracts beyond their usual revenues in past quarers. At last count they were losing around $3 million a year. So in ordrer to continue their sales would have to incrase by at least that amoun, and not next year, but NOW.
Unless you can do that any reliance on your assurances that all is well because of tremendous sales is just baselss speculation.
If you say so it must be so.
I'm claiming nothing for the company. Simply copying the last official financial report/statement from the company made a couple of months ago at the end of the September quarter.
You've been talking for the last five years at least that the company would be profitable in the next quarter. You've been wrong at least twenty times in a row.
Now you are claiming that you know better than the company knew four months ago.
If you have proof that the company has managed to raise the $250,000 they said they needed by December 31, 2012 or that they have substantially increased revenues from previous quarters please provide the evidence otherwise we have to go by what the company stated. They said that they could be in trouble, or words to that effect.
As for you stating that you are not selling.
You have no choice as on one is interested in buying at current levels, unless you only have a couple of hundred shares and my guess is that you probably have more than that.
No one is interested in your feelings or opinions. Evidence and proof is what you need to demonstrate to be credible.
I took your advice and read the complete 10-Q. Very interesting.
Here is the key paragraph from the latest 10-Q.
It it's true that they were unable to establish a line of credit then the company admits that it may be in trouble. See last two sentences.
In addition to expense controls, TelVue expects to reduce its accounts receivable balance by $100,000 - $120,000 over the next four months through tighter controls and the adoption of sales terms with late payment penalties, which have not been a standard part of its terms of business to-date. The Company is actively looking for bank funding of working capital. Prior to January 1, 2013, TelVue expects to have a revolving line of credit in place which it expects will provide up to approximately $250,000 in funds. TelVue believes that the above steps, in conjunction with continued sales growth from cloud services, will provide it with sufficient funds to operate for the next 12 months. However, there can be no assurance that the Company will be able to obtain this line of credit on feasible terms. In this event, if anticipated sales growth from new products and services is not achieved, the consequence for the Company’s liquidity and its ability to operate would be adverse.
Nice. I can copy and paste the last financials to support my statement but you can't or won't show the information on which you base all your claims.
It's your claim. You need to support your claim for it to have any credibility.
You show it.
Could you show when and where the company said that they had enough money for a year?
Ah, and now Facebook and the like are begging TEVE to let them pay TEVE?
Where do you get this from?
How much are they paying TEVE? Please enlighten us.
But you do bore people with your constant refrain about Neon, Facebook etc and your constant repetition of "buy what you can and don't sell a single share". This is repated half a dozen times a day. Very boring.
The question is how much if anything TEVE is receiving from their latest contracts, if htey have contracts.
You can't know as the company is no longer providing financial information.
All we know is that the last report indicated that they only had enough for a few months unless their revenue rate increased significantly.
No one know otherwise and all you are doing is guessing and hoping.
Do bore us and tell us how much revenues they received last quarter and how much they will receive in the current quarter.
Anything else is baseless guessing and pumping.
Here is their last financial statement from Edgar.
Read it here or below:
http://www.sec.gov/cgi-bin/viewer?action=view&cik=839443&accession_number=0001161697-12-000836&xbrl_type=v#
As of Sept 30, they had $1.4 million cash or cash equivalent
In the last three months eding Sept. 29 they lost 1.4 million.
That says to me that as of the end of the quarter they would have been out of cash unless revenues increased from the previous quarter or the cut their expenditures significantly.
Those are the numbers as far as I can see.
What numbers are you looking at?
Condensed Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (3,338,994) $ (2,429,388)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation 188,030 201,226
Accrued interest - majority stockholder 251,859 737,403
Stock-based compensation 12,436
Provision for losses on accounts receivable 33,506 5,345
Changes in assets and liabilities:
Accounts receivable - trade (173,910) (267,232)
Accounts receivable - other (35,532)
Inventory (89,907) 38,907
Prepaid expenses (62,766) (7,747)
Other assets 8,749
Accounts payable - trade (371,221) 103,093
Accrued expenses (70,828) 42,973
Deferred service revenue 126,952 105,083
Other liabilities 167 (540)
NET CASH USED IN OPERATING ACTIVITIES (3,494,676) (1,497,660)
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchases of property and equipment (261,225) (106,697)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
Proceeds from line of credit - majority stockholder 5,000,000 1,500,000
Issuance of common stock 17,827 4,500
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,017,827 1,504,500
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,261,926 (99,857)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 151,134 185,954
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 1,413,060 $ 86,097