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not releasing financials to potential investors is either a mistake by this company or a specific plan not to discourage potential stock purchasers (private creditors). Value of this stock cannot go up unless more stock is made available, ie secondary offering (dilution) or privatization with specific creditors. The only reason not to get the financials out to the public and on time (already late) is because they contain very bad news. You notice a lot of so called positive PR's being put out, yet companies never report bad news. Delay more than likely because of ongoing negotiations moving forward. If memory serves me correctly the last years vote also included approval to authorize more stock without another vote by the current shareholders. SHould be announced shortly before their annual meeting, if they hold one. Any way you look at it it is not positive. Good luck though, as all the money you have tied up in this could have garnered you 10 percent in the last three months, then you could have repurchased so many more shares. Oh that's right you can't sell because no one is buying.
and since no financial information is forthcoming, you really don't know.
This information was on telvues website "blog" link on the 7th. Can't believe those who own shares are suddenly surprised by these. If they follow the website. They should already know. But PR's don't mean anything, never have never will. Especially in low profile pr media. May be an improvement, but look also at how many "fixes" and down time TEVE has. All can be viewed on TELVUE.com Bottom line is money, regardless of PR's, where's the money. For 15 plus years, TEVE has "improved" yet burned through cash while doing so. THis small company needs outside support but that may not happen as all these still revolve around PEG support. Meaning low revenue producing stations.
So right and yet so very wrong. 6 and a half years later......
Another week and no financial report? If it does appear will it be audited?? Yet they have time to announce their table at the conference in Las Vegas, more costs hoping for more sales, revenue costs still outweighing revenue. Don't expect a report anytime soon, time for Telvue to announce their privatization plans or sale.
So of the 57 million xbox users how many are xbox live customers, how many are paying for the gold subscription. You can throw out numbers but they continue to be inaccurate. Check with Viz Media to see how many subscribers through XBOX see Anime? Much less then the numbers you profess. When the 3rd quarter report came out you said they didn't matter because of all the "contracts" signed in the end of that quarter and beginning of 4th Quarter. Now that the next report, if it comes, will include those quarters, they don't matter? Nothing like being hopefull, but reality is something concrete. You say first quarters report which would be due mid May is what you should look for because they signed rutgers and neon alley?? NO, if the report is positive all will see it otherwise there will be no one wishing to buy. Low tiered penny stock is not in demand, regardless of the company. If you read on telvues website, the cloud is mainly supporting the PEG arena. Nothing new and as there is no report, despite what some say, it will only show continued costs surpassing revenue.
And I guess if you have rose colored glasses on, like many here, you fail to see the significance of not publishing financials. If they were positive TEVE would release to every one, Marketing 101. Since they haven't even come out yet even after 90+ days. It show's one thing. Companies never report bad news if they don't have to.
The float is the shares available for public trading regardless of who owns them. Saying the float is 30,000 is incorrect.
Float is 615,000 of which 93percent is owned by Mr Lenfest. Some like to fudge on the "facts". Company went dark to save money as they don't have any. No profit, cost of revenue outpacing revenue. Employee layoffs. Read their financial reports, the reason they went dark, and the fact they were looking for additional financing, read the proxy of last year as to why they did a drastic reverse split. Nothing here is positive.
Can you say massive dilution, nothing here is good for those that bought into this hype. Down she goes.
Let's clear the air, microsoft did not approach Telvue. Viz Media owner of Neon Alley, has a right of access with xbox. Thereby allowing xbox users to purchase (monthly fee) a subscription to neon alley. Viz Media gets the money. Only thing TELVUE gets is their normal fee for their streaming video portion. Let's make this simple: If I rent a washer and dryer from you and charge others to use it, I get the money all you get is the pre agreed upon contracted rental price, Period. Maybe in the future you can bargain for a higher price but so many competitors in the field that the only way TEVE gets noticed is by low balling others, doesn't leave much in the revenue department much less any type of profit. Remember when they had 7 of the top MSO's, no profit, remember all those PEG's no profit. And if you look on their website the "cloud" is all about running PEG services, which has never been profitable for the company. Good luck in spinning this one. And I doubt you will see any financial report.
and since they did not file they dropped to a lower pink sheet level, not good for potential stock buyers. And if they were on the SEC schedule and since they said they would have an audited financial report why is it late? Sure SEC doesn't matter any more but what about the shareholders, 90+ days to have a report? This company will not report bad news and you will be lucky to receive anything in the future. Dividends again, please, Won't happen. Lack of financial report shows they don't even have the money for an auditor, think how much money that will save.
What, no annual report yet for the shareholders? No PR in over a month?? The writing is on the wall.
The dividend wish is so off base. Why would a 15 year "startup" company that barely is hanging on declare a dividend when those dividends are paid from profits that cannot be used for R&D or expansion, increased marketing etc. Almost as ridiculous as the short conspiracy. I seriously doubt you'll see a profit, but will see decreasing revenues and growing expenses, if you see a report at all.
Seeing that this would be the annual report, they've had plenty of time. With the long weekend it should have been available today. Of course, I seriously doubt they will publish the report as they are no longer required to. Good luck with finding anything out. As far as ROKU, not sure how many people actually know about it. I have 5 kids, have no desire to get this, no reason to even look at it. Don't need more reasons to sit in front of the TV. And with TEVE going nowhere, it really doesn't matter.
no one with any sense wants this stock, .0001 soon
typical friday ploy, may be up the first 45 minutes on Monday but will drop like a rock after that.
and in turn make zero money while the rest of the world sees continued gains.
Obviously you didn't read my entire post. Look at the list in the IHUB info page, then click on the links, call the companies, check what is on TEVE's website, compare to what they had last year. You mean you didn't keep track of what they had?? It's on each investor to keep up with all aspects of the company they are invested in even if they do go dark, there are ways, phone calls are usually the best. Good Luck. I guess some need to be spoon fed.
Qtip, no one is bringing up dirt, it was your own post many years ago that you had a nephew working for TEVE, that's it, so the relationship you have with this company is understandably personal, that does not make this a good company to invest in. For you and Alan, of course it is my opinion, but based on the past events and the knowledge of how businesses operate, that the company will go BK or Private. THe delisting, deregistration, darkening..etc As you know the "search for a buyer" will not be made public, so not until the sale will we know.
So now you are saying the Lenfest Group itself is running TEVE? And they are keeping this money loser around to do what with the losses?? I'd argue my opinion is based on more credible evidence than the 10 year opinion that "next quarter they'll make money" scenario. You notice TEVE announces new clients, but they will never announce the clients they are losing. All you have to do is do the research and you will see the change. Of course no one wants to talk about that. And no I'm not doing the work for you, but considerable change has and is taking place year over year as to clients under contract.
Ten Million 600 Thousand More Shares will mean grand dilution, but that's not the major problem here, ask yourself this, WHY would GMEC, "a Florida corporation", need to sell more shares for funds if the CHINA company was making so much money? Buyer Beware, this is only good for the few who will take the money and run, do you think those in the US are going to funnel the funds to China? If you haven't run away yet, you better start. You can read the entire S1 but here's what is interesting:
DETERMINATION OF OFFERING PRICE
The offering price for the shares sold to Kodiak under the Put will equal 90% of the lowest closing bid price of the common stock of the Company during the five consecutive trading days immediately after the date that Kodiak receives a Put Notice of draw down by the Company of all or a portion of the equity line of credit with Kodiak. There will be no underwriter discounts or commissions.
DILUTION
The issuance of further shares and the eligibility of further issued shares for resale will dilute our common stock and may lower the price of our common stock. If you invest in our common stock, your interest may be diluted to the extent of the difference between the price per share you pay for the common stock and the pro forma as adjusted net tangible book value per share of our common stock at the time of sale. We calculate net tangible book value per share by calculating the total assets less intangible assets and total liabilities, and dividing it by the number of outstanding shares of common stock. As of September 30, 2012 our net tangible book value was ($392,634) or ($0.0053) per share.
His selling only makes sense, and since its only my opinion, it is based on the fact that both his companies have or will go dark, both companies have deregistered unsold shares so that pretty much halts any significant trading. Keeps PPS at current levels which reduces the likelihood of the pps dropping significantly. Therefore to sell to other investors will be much easier. Going private also part of the plan. And since some have been wrong about TEVE for the past 10 years, some more recent posts have proven to be much more accurate than those holding on to a lifelong dream with one company going nowhere. Just read the first 1000 posts here and you'll get the picture. Having rose colored glasses or being emotionally attached to a stock, even if family works for the company, is never a good investment strategy.
Only volume you'll see now are those individuals who were suckered into this stock, realizing they made a mistake and then sell to salvage what they can. This will in turn continue to drop the stock over the next few weeks. Takes awhile for people to admit they were wrong. You'll also notice several of the early posters pumping this stock have disappeared about the same time the promotion was over, as always they've moved on. If you want to find them again wait for the next newsletter to hit your spam folder with the next "hot" pick, there you will find the same pumpers. I've asked for IHUB to mandate a disclosure of posters that work for these newsletters. May cut down on the fraud that happens all the time in the penny world.
Mr Lenfest getting out of the majority stock ownership role. TEVE has been for sale for months, just no takers yet. Can't argue the point when all is dark. Losing money is never a good investment.
Same should be said to the pumpers, look at the ones they post on, all the pumped stocks, all saying the same thing. So who is worse, the ones that without regard to common sense continue to pump, or the ones that have been correct to warn people to stay away.
The rest of the market is in a bull rally, TEVE is being left behind and you know why, no volume, no liquidity, no cash, no profit. And as always rose colored glasses rule here. "Bull" did not refer to anything other than the previous post. But you knew that. Sad state of affairs as TEVE is not part of this rally, thus the reason they are and will remain a pink sheet stock. Three more weeks and you'll have your annual report, if its published. Then all will be quiet as the companies future will then be known to be in trouble.
hold it high so people think its a good deal and slam the door Monday, first, there are no technical indicators for a losing money penny stock, and secondly especially one that is involved in a pump and dump. Sub penny by months end.
Typical pump and dump with zero verifiable first hand info, sub pennny by months end. Where's the 8k. PRs mean little. Wait for the next audited financials. oops chinese company????? never mind.
BULL
Amen Bill, you can talk about the stock all day long until you talk negatively about the stock, then lookout, of course then you can call others on why they feel there will be a bounce, why they continue to pump the stock, and suddenly this isn't a discussion board anymore but a dictated cheering section for the stock, and you can't do this or discuss that. Keep an eye on your spam folder and all the penny stock letter touts, you'll see the same spambots, and posters on all of them. Then look at who is touting the bounce and see how many posts they've posted since they were created, some over 50,000, that should tell you something there.
Keep in mind those that look for a bounce or quote charts, you will find them on just about every P&D. Professionals, no doubt, pawns of the newsletters or "third party" that hired the touts. Stock will continue to decline as interest wanes and volume dries up.
Sure, between the alcohol, sugar, land management subsidies, of course, there's plenty to go around, a typical pump and dump to be sure.
I'll hang out until they declare bankruptcy or go private. No cash dividends, why would they, they have no cash, they have little business, 8 of top MSA's still do not give them excess cash, PEG channels have always been a money loser, and the cloud is too competitive. A great target to be taken over, IF others feel they have the latest technology. Yet nothing new has come out of this company in how long?? Larger companies improving all the time, gaining market share each and every day. TEVE, dark, dreary, and in trouble. Stock prices dead, only revival would be massive dilution. Remember a forward split does not solve the problem of being illiquid as the percentage of ownership and availability remain the same. Stop by their office and verify if you like. In the mean time the smart money is in the major markets, growing daily.
Now that's funny, the gap?? the chart?? pump and dump. Why not discuss the technicals behind this stock. Oh and all the PR's which mean so much. Sub penny by end of month.
You can't be serious, In a previous post I said exactly what will happen when the dump happens, the unsuspecting will blame the "shorts" even though there are no shorts. Typical pump and dump, this stock has no legs, no reason to buy and hold this stock. If you so choose to buy, take the trip to china and verify, in the end it will be better to have the vacation then lose all your money.
The pumpers are gone, easily seen, good luck if you buy now, nowhere to go but down.
You must be confused, the MM's only funnel what comes their way. Someone has to change their bid or ask, and the info changes accordingly. How many years are you willing to wait for the imaginary shorts to materialize? Stock is going nowhere, and will remain.
Almost exactly like I said, this stock is no different than the other P&D's.
wasn't pointing to you as the professional pumper, all the others have moved to this weeks pump. GMEC will fall, PR's will cease, volume will dry up. And to answer your question: Sugar Cane, southern LA.
AH HOmey, this weeks pump and soon to be dumped. Even though the pps is up, what do you think the commoner paid for as the opening was already that high. Sad state of affairs, moving from pump to pump, week to week, victim to victim. Very Sad, BUYER BEWARE!!
And also so the "Goldman Report" THis is NOT Goldman Sachs, see what they posted on CPOW which tanked shortly thereafter. They have no, zero, zilch credibility. Just another entity getting paid to pump. BUYER BEWARE!!