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I received essentially the same message from Mr. Vetter.
Glad you did well. Hard to see that happening here with 5 Billion or so shares out. If this comes back they'll roll the shares back probably a thousand to one. Still, that would be better than nothing.
I've moved on and written this off in my mind.
No response so far after 24 hours. Not encouraging. I unfortunately have a lot more shares than you.
I've written to the new CEO. Will let you know if I hear back.
IT'S ALIVE!!!
TEVE's competitors. Number 1? Cisco
http://ca.finance.yahoo.com/q/co?s=TEVE
Here are TEVE's competitors.
http://ca.finance.yahoo.com/q/co?s=TEVE
Hmmm. Cisco.
The investment world or the employees of TEVE don't care what YOU want. Investors put their money into companies where they have a good chance of making money. This, at least to the rest of the investment world, is not one of those companies, no matter what you may wish or think.
No one outside your little group of kool-aid drinkers is interested in buying because the company has no future. If it did, don't you think those in the know, like people working for the company, would be loading up at what you consider bargain basement prices. And they haven't in months!
They're not buying because they know this is going nowhere.
As you say there are some 600,000 shares of this company. The number that are free trading (assuming Lenfest isn't selling) is irrelevant for now as no one is interested in buying except perhaps you for 20 or 30 shares at at time.
The market cap is around $4.6 million based on 616,000 shares at $7 + per share. As well, an unending series of losing quarters. Those are the facts. The rest is sleight of hand on your part.
http://ih.advfn.com/p.php?pid=squote&symbol=TEVE
Last 12 months financials.
http://finance.yahoo.com/q/is?s=TEVE
Telvue lost $4.5 milllion last year including $800,000 in the September ending quarter. Then they went dark.
Where are the signs that things are about to change?
I agree, corporate responsibility and support of worthy causes is admirable. Giving money way to shareholders is just stupidy.
Please give me one example where anyone has paid a hundred times current shave value to shareholders in a buyout. Only in the dreams of a couple of posters here who have no other escape from their losses.
People who work at Televue and those who invested direclty with the company through private palcements perhaps as well, but shareholders who bought (and sold) their shares to other investors made absolutely no contribution to the company's success (or failure). They were merely in there to make money. As such they take their chances and hope for the best but are in no way to be considered on par with company employees.
Wonder if those fired in the last round were given super generous buyouts by Gerrry. Doubt it. And they really did try to help the ocmpany.
Business and philanthropy do not mix or shouldn't.
I think you guys are dreaming too small. How about Gerry adopting all TEVE shareholders, putting them in his will and leaving them his fortune when he departs?
Makes as much sense as expecting hinm to pay $1000 a share for stock trading at $10 to $20.
Look, Joe and anyone else with a large holding has no choice now but to hold. They couldn't sell even if they wanted to without driving this to close to zero as there are no buyers. Their only chance is to hope for a miracle which is exactly what they're doing. Makes sense.
No, I don't think that. Besides they wouldn't have to "bid" on it. Lenfest already owns it. If they wanted TEVE they'd just take it at whatever price they wanted since they hold 90% of the shres.
And this has what exactly to do with TEVE?
YOu said:
"total cloud storage hardware market in 2010 was $3.2 billion, growing 31 percent per year to $9.4 billion by 2014. And 451 Research calculat
ed the cloud storage services market was $769 million in 2010,
How much of that $4 Billion in 2010 did TEVE get?
Would you mind explaining what "deregistering all unsold shares" means in this case?
What is the signficance of this? and
Where are these unsold TEVE shares and how many are there?
F - Bankruptcy
Do you really expect a pink sheet company that never made a profit, that owes millions to its principla shareholder and that has stopped filing to save money to pay a dividend?
That's totally ridiculous and an irresponsible thing for a losing company to do. But if it helps you sleep and keep your wife off your back, then by all means tell her a dividend is coming, but don't try it on experienced investors, some even on this board.
You are right about one thing Alan. You definitely are missing something.
The $250,000 saved will be used ot psay salaries for a few monnths. Nothing else.
1. The way a company rewards shareholers is by becoming successful, paing divifends and letting the share price rise. TEVE has not been able to accomplish this to date. A company is not a charity to "reward" shareholders by giving away money they don't have.
2. Even if there are shorts, and there is no evidence, they have done nothing to hurt the company since TEVE has not had to raise money in the public markets, so a lowere share price did not affect them.
3. Yes anything (not contrary to the laws of nature) is possible. However, the probabilty of certain things is extremely low. So yes, you can win the lottery, the probability of doing so is less than one in fourteen nillion in a 6/49 lotter is a fact. Siiilarly an unlikely even such as a dividend from a nearly broke company is probably one ina million. So counting on that is similar to expecting to become rich buying lotter tickets. But maybe you do that too.
Good luck
You are living in a dream world.
First, if they had the $250,000 to distribute they'd continue to file.
Second, why would the directors choose to exclude Lenfest from any dividend they decided to make a distribution (for which they have no money).
Have they ever done sucha thing in the past?
Wake up man and face reality.
And what does this have to do with TEVE?
It's always good to dream, but a much more likely scenario if they don't turn things around in the next two or three quareters is a sale to a competitor at around $1 a share. Lenfelt keeps his job and shareholders move on.
Right.
Clearly no profits in sight.
TEVE sets unbeatable record!
Not one trade for an over $10 stock for more than a month!
The number of shares is not the issu with TEVE. It's the continuing losses and the diminishing cash on hand.
What happens when they run out again? Will lenfelt continue to pump money in or will they need to seriously dilute?
And they have no restricted shares. So 600,000 - 0 = 600,000
No need to worry about the number of shares now. Within two to three quarters the number will triple as they'll need to raise funds to continue oprations. Lost another $750,000 last quarter.
The Health Care madate forces buinesses with 50 or more workers to provide coverage. Telvue only has 27 employees, so that's not an issue. They probably provide coverage already anyway.
I don't own any shares. Had I bought two years ago I'd be donw 50% or so.
Not really possible to buy or sell shares here as the buy/sell gap is enormous. One needs liquidity (a large float and volume) in a stock. The low number of shares available for trading is one reason. Non-stop losses since the beginning are another.
If they do manage to make money over a couple of quarters that may change.
He didn't exactly relieve TEVE of debt but rather traded the debt for shares. Then there followed a 1 for 200 stock reverse split.
Today's $10 share price equates to pre-consolidation price of 5 cents.
Mr. L now holds some 90% of the shares.
The value of a company (market cap) is calculated by multiplying the share price by the issed shares.
The issued shares are in the 600,000 range. If you are suggesting the shares are worth $900 per, that would value the company at over $500 million.
Is that what you're suggesting.
Don't you think that if they were worth $900 a share someone would offer more than $5?
Magical thinking!
I don't see what IPKL has to do with TEVE. Do you?
Are you trying to change the subject to avoid having to deal with this debacle?. I thought this was the TEVE board.
I was trying to be generous by calling the pre-consolidation price 50 cents as that was more than the average for the previous several months. If you want to use that figure then the sp is down 95%, but if that makes you happy I'm happy to accommodate you.
Since you were not happy with the reverse split why are you happy now that it's happened and the share price has lost 95% of its value?
Highly pervse thinking.
Yes, some of my picks went way down, but I didn't rejoice. I tried to learn from that so that I wouldn't make the same mistake again.
You seem not to have learned anything from this at all.
HOpe youare right and Teve comes back and you at least get your money back. It just might happen. No one, not even you, know.
Before the reverse split the sp was around 25 cents which would be $50 today.
Now it's between $5 and $10 and you say this is better. Strange thinking.
If it goes to $1 will that be even better? How about 10 cents?
I prefer to see higher prices in the stocks I hold.