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a taj majal?? Not impressed, I've read the financials. You see you can see what is going on if you read and understand the financials. Revenue in vs expenses out and they continue to have a deficit. It's really not that hard, I'm sure you can do it if you try, but then again you may see 700K down the toilet, and so much for yale or havard.
Have no idea what your thought process is. I said the company stated "WHEN" they have the reports they will be available, no one from the company has said they WILL create the reports and in the same timeline as SEC reporting requirments. Kind of like those forward looking statements you like to mention, none of what they say is verifiable until it happens, until then it's only conjecture.
Checks yes, but they will continue to write them which will be greater than the ones they are opening. You posted the financials yourself. If money was flowing in, they would not have had difficulty in obtaining a capital loan or the measly 250K they were looking for by 31 Dec. As far as what they say, who knows, Have they announced the date and time / location of Sharholders meeting?
Really, every company, 50%. NUTS
All it takes is a call to the company. Easy to do, have you??
No, TEVE's reports are very accurate and show the pending demise of this company. I use their reports in my analysis, whereas you do not. You like to claim alot of people lie here and you have no proof. Nothing like losing 700K and trying to defend it.
yes and the vat fryer company is getting paid per order of french fries that Mcdonalds cooks. And whirlpool is getting paid by each load of clothes at the local laundrymat. Boeing is getting paid per passenger for each and every plane it sold to the airlines every day. Wow, these companies must be making a fortune, must be a conspiracy because they aren't reporting the windfall based on the "amount of loads", "Fry consumption", or "passenger count". And yet TEVE is getting money per neon alley subscriber???? Ridiculous.
Means nothing, neon alley and even the Charter announcement has been quite a while back, do you think that if the money was flowing in, or about to, that the company would layoff people??, you'd think they'd be hiring more support personnel, more technicians, to be able to support Charter.... but no just layoffs, and if Charter was such a big deal why wasn't the other 7 MSO's that they've had for years?? Is Charter that much different than the other 7?? No just a sale of some hardware and maybe a service contract..... (call the company and find out for yourself)
And if these deals were creating profit, why would the company go dark? You see you can't say they are making millions yet at the same time laying off people and not reporting to the SEC. The two do not mix.
or the one hoping that dividends are paid, that's insane. Anyone with any sense of investing in this company would want any profit to be reinvested into the company for expansion. Dividends is the last thing as you will make more in a pps rise than dividends. But that being said, no dividends because no profit, no rise in pps because no liquidity.
And there is proof there are no shorts, you just have to make the phone calls to find out. Have you?? Or are there some afraid to call because of what they might be told? and if TEVE says there are no shorts , would you believe them or would you then call them liars??
Nothing the longs argue here make sense, as the actions of TEVE over the last year show's the truth, whether or not you see it probably depends on how much you've invested and how much you've lost. Never get emotionally involved in an investment. The financial reports speak for themselves.
Taking another three week vacation so enjoy.
http://www.macroaxis.com/invest/ratio/TEVE.OB--Probability_Of_Bankruptcy
Probability Of Bankruptcy breakdown for TelVue
For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis.The score is used to predict probability of a firm or a fund going into bankruptcy or experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.
TelVue
Probability Of Bankruptcy
=
Normalized Z-Score =50.00 %
Companies or funds with Probability Of Bankruptcy above 90% are generally considered to be high risk with a good chance of bankruptcy in the next 2 years. On the other hand entities with Probability Of Bankruptcy of less than 15% will most likely experience some growth in the next 2 years. Probability Of Bankruptcy is based on Macroaxis own algorithm and can be used by auditors, accountants, money managers, financial advisers, as well as day traders to evaluate unsystematic risk of a stock, fund or ETF.
Based on latest financial disclosure TelVue Corp has Probability Of Bankruptcy of 50.0%. This is much higher than that of sector, and significantly higher than that of Probability Of Bankruptcy industry, The Probability Of Bankruptcy for all stocks is over 1000% lower than the firm.
No they stated you will receive the financials when they are completed if you ask for them. Key word when they are completed. No certainty they will be done. Stating how many customers they have mean nothing, same as neon alley. All depends on the contract or sale agreement. Unfortunately TEVE does not publish, even in their financials, the amount of money forthcoming from current deals. Now if they do create the annual report and stay on the same time line, it won't be out until 90 days after the end of the 4th qtr, ie end of March.
To which I ask again, how much did TEVE get paid. September was end of last quarter, other MSO's using the hypercaster, TEVE only selling the equipment or is there a service contract? So nothing more than the same. No Profit. TEVE will be lucky to publish new reports, and lucky to be able to afford an annual shareholder meeting. Other companies place their costs on the websites, explaining service and equipment contracts. Why doesn't TEVE? Doesn't matter, the last several financial reports show that it is still costing TEVE more to create the revenue, then the revenue itself. And overall with all of their supposed clients, divide revenue by what they claim and its not much at all.
and how much money does TEVE get from them, only for the equipment? Service?? Obviously not much, as they have 8 of 10 MSO's and still can't make one cent of profit.
How did he get involved in TEVE?? Where do you see this?? And what does your post have to do with TEVE?? This story was in 2010. And now a hotel going up in 2013, again what does this have to do with TEVE?
But maybe the young lenfest is smart, he's investing money to make money where as the elder lenfest wasted 30 million dollars in a company that hasn't profited one penny. Another reason to believe Elder Lenfest is moving on from these two money sponges.
And I'm sure Mr Lenfest had a heart to heart talk to the employees TEVE laid off, must have been the stepchildren as he would never let go family members.......
Mr Lenfest leaving both companies:
Not only has he stopped supporting TEVE he's also removing himself from ETCC. Yes this is an excerpt from ETCC's 10Q but directly shows that Mr. Lenfest has changed his priorities away from losing propositions. See below
On September 28, 2012, the Company entered into transactions (the “2012 Financial Restructuring”) that provided for, among other things, the following:
(ii)
PNC Bank provided to the Company a new five-year term loan of $15,000 (the “Term Loan”). The Company used $10,000 of the proceeds from the Term Loan to repurchase and retire 10,000 shares of its Series D and Series E Preferred Stock owned by Lenfest at the stated price of $1,000 per share. The remaining $5,000 was used to repay indebtedness currently outstanding to PNC Bank and to pay Lenfest $417 of interest due under the Lenfest Pledge, in cash, in lieu of Series D Preferred Stock. The $10,000 in marketable securities associated with the Lenfest Pledge has been returned to Lenfest and the Lenfest Pledge has been terminated; therefore, as of November 23, 2012, no interest has been accrued for under the Lenfest Pledge.
(iii)
the Line of Credit is no longer guaranteed by Lenfest. Instead, the Line of Credit and Term Loan are secured by substantially all of the Company’s assets. In addition, the Term Loan is guaranteed by Lenfest for a period of thirty months, (i.e., until March 31, 2015), after which the guarantee will be removed.
This has nothing to do with philanthropy, it has everything to do with Business. On what do you base your revenue numbers? Mr Lenfest has STOPPED supporting the company, I'm sure he has plenty of other causes to give his money to.
Why would you continue to throw money away....., all he was doing was paying the salaries of management, the best he could hope for was to get something for his generosity, since TEVE management stated they could not pay the interest much less the principal so he converted to shares, and even that was disastrous. He gave one last 5 million for preferred shares which once again, TEVE cannot pay the interest.
TEVE does need capital, they specifically stated in their last financial report, and they did not obtain it, instead they went dark. And I'd rather see Mr Trump in charge as he knows when to cut his losses and move on, seems Mr Lenfest is learning to do the same thing. Both his companies are money losers, especially for the investors. TEVE and ETCC.
Have you seen what other companies charge for monthly cloud services? TEVE would have to gain tens of thousands of customers in order to make the amount of money you say. They don't have many, check out their website, no longer a laundry list but a handful of clients. And at 20-75 dollars a month? Not much more they can do before they fold.
bankruptcy, nothing else but dreams here, company continues to lose money, no liquidity means no sale, and for those who say mr lenfest is as smart as he is, he won't pay you more than the company is worth and that's less than the current share price. Already posted competition, TEVE is very small player going backwards. If they were such a good investment, mr lenfest would continue his support, and they would have capital at their local bank, his support has ceased, there is no line of credit.....reality vs fantasy.
I agree, and I'm sure looking at all the what ifs is driving people crazy, what if I had invested in a solid company what my hundreds of thousands would be worth today. So I understand why they hold, they have no choice, but with TEVE, opinions a spewed with no proof at all, just giving them a chance to explain, because you never know maybe we missed something......hightly doubtful but we'll see. And as we don't need to worry about new investors anymore as there are zero available shares current shareholders are stuck holding the bag.
You're welcome, just don't say I didn't warn you. And yes I meant Bid, Yet you still say TEVE is the leader?? How so
Well good for them, but if you were not invested in any cloud company and looked at TEVE along with the other publicly traded companies. Looking at revenue, profit, Forward PE ratio's, clients, recent recognitions, capabilities. You would still pick TEVE?? Really?? And since you are relying on the short scenario, how do you know those few thousand shares traded the past year were not shorts covering, they already made a killing selling at 100 dollars and buying at 7.60. No there are no shorts. But ignoring the financial aspects of a company while relying on a short conspiracy is not good financial strategy. seeing that ask is down to 4+ dollars, expect that to happen soon enough as someone is going to get tired of holding this stock to invest in something a little more sensible.
Show me where TEVE is the leader, and do not point to a two year old award for a PEG supported device. Show me the leader in revenue, the leader in profit, the leader in workforce hirings, the leader in cloud clients, the leader in shareholder returns. You will find TEVE is NOT the leader in any of the above. No Cash to continue beyond a few more months? Now my proof that TEVE is not anywhere close to being a leader do your own research but this is a little of what's out there, both are publicly traded companies on NASDAQ:
http://finance.yahoo.com/news/brightcove-video-cloud-recognized-top-140000909.html
My take on it is the "son" told "dad" you are wasting your money with TEVE, stop throwing money away. There are better investments. So he stopped, and now his money will go to more useful investments and philanthropic causes. Just like some people they don't know when to stop gambling it takes someone else to do an intervention to say, "are you kidding me" you're only throwing your money away. Kind of like the hold what you have and buy more scenario. The future will tell how bad a decision this is.
Very true, and there is a difference between philanthropy and stupidity, one helps others, the other only drains money with no useful cause. So are others saying TEVE is now a charity case and deserves philanthropists support all in the name of.....WHAT????
and that's provided they create the reports, like you noted, "I will be sent financials as they are completed"I bet they didn't tell you when to expect the annual report??..... provided they are audited, and provided they can afford to pay an accounting firm. Of course they are saying they will be available, you think they'll tell the real situation of the company?? I'm surprised they aren't already being dismantled or sold, I give it three months if no financial capital is obtained. 5 million dollars given to telvue at the beginning of the year, and they only had a little over 1 million remaining, that means they burned through not only 4 million dollars from the preferred shares but also all the revenue that came in. And still owe over 100K to Mr Lenfest. So financial reports won't matter if there are no finances to move forward.
no they don't why do you think they were looking for financing, why do you think they layed off workers, why do you think they went dark, why do you think Mr Lenfest STOPPED supporting this company. he made a great deal with his cable company and since has dabbled in two companies that have lost him millions, and yes he is walking away because the money doesn't matter, but since he wants to give his money to good causes, TEVE is not one of them. Charter and Neon Alley were provided what?? for how much?? Reality is that this company is starving for cash, there is no proof otherwise.
getting shares?? Why? someone must sell for you to buy so you have to meet their price, and then if you need to liquidate you'll have to sell at the bid, so obviously you will lose money. No liquidity in the market is not a good investment strategy. Money is the problem, lets say they do get financing, they have to do something much differently to be able to pay it back. Remember, a bank wants their money paid on time with interest. Not with shares, and since there is not enough revenue to pay overhead costs, who would loan them any money?? They can't even pay the interest to Mr Lenfest. TEVE is running out of time, and money. But now that they've gone dark, you'll never know just how bad it is until its too late.
Billionaires here? as in plural?? NO, even the one is moving on.
Lets be clear the hypercaster was the ONLY device awarded the platinum award, copy of part of PR below. Nothing to do with the cloud, nothing about data storage, but ability for PEG stations to broadcast in SD and HD. PEG is losing proposition. The hypercaster capabilities are below but awarded in 2011 and what did it get them?? Nothing. If it was so important, I doubt mr lenfest would have pulled his funding. Which is another point, as those that claim that Mr Lenfest is the reason they bought, if he stopped funding this company what does that tell you. No money to be made here, time to move along. And read last sentence, the cable companies are making money....mmmmmmm Mr lenfest past owner of cable company which are now making money off his equipment even though TEVE is not.........
TelVue® HyperCaster™ as the winner of a Platinum Award in the category of Digital Headend Equipment.
The HyperCaster™ IP Broadcast Server provides cable operators a cost effective and hassle-free pathway to launching high quality, professional grade, 24×7 fully digital SD or HD television channels. Using the HyperCaster™, hardware savings of up to 75% can be achieved through the elimination of real-time encoders and legacy baseband play-out systems. The B1000 HyperCaster™ provides pure IP origination for up to 20 independent digital broadcast channels supporting local origination (LO), leased access (LA), PEG channels and long-form advertising. To date, 8 of the top 10 MSOs in the nation have deployed the HyperCaster™ and are seeing positive financial and operational results using the new TelVue IP Broadcasting platform.
How can you continue to spend when there is no money?? No Financing. The reason Mr Lenfest did the shares for debt conversion was because in the analysis of company officers, as per the proxy published, they did not have the ability to pay the interest on the notes, much less the notes themselves. They are back in the same situation. The 5 million worth of preferred shares continue to accrue interest and TEVE can't pay it. So again, what money do they have to spend? That's reality.
and subsequently lost over 700K
Post-Effective Amendment to an S-8 filing (S-8 POS)
As previously announced, the Company intends to terminate or suspend its duty to file reports under the Securities Exchanges Act of 1934, as amended. In connection with these proceedings, and in accordance with the undertaking made by the Company in the Registration Statement to remove from registration, by means of a post-effective amendment, any of the Common Stock registered under the Registration Statement that remain unsold at the termination of the offering, the Company hereby removes from registration the Common Stock registered under the Registration Statement that remains unsold as of the date of this Post Effective Amendment No. 1.
Contact to the transfer agent is recommended, not sure how many there were. Shares of common stock held in the transfer agency or other financial entity waiting to be sold on the open market are no longer. Decreases even further liquidity. So the only shares available to buy are those currently being held by investors. So you cannot buy unless someone sells. Spread too wide for this to take place unless someone needs to dump there shares and sells at the bid or someone who doesn't mind losing money buys at the ask. Nothing about this is good for those shareholders thinking wealth is in the near future.
I'm sure they are looking at all of it, personally I believe they will go private whether that happens before or after being sold is unknown.
Stock repurchase isn't available, they deregistered all unsold shares, so no longer needed to buy these back. Companies buy back shares at market prices, but since no one is selling that won't happen, unless in conjunction with privatization or bankruptcy.
You can compare TEVE to ETCC another majority owned stock by mr lenfest one that actualy has decent revenue yet liquidity is the same, non existant. PPS will not rise, TEVE in business over 15 years, ETCC over 40. Results are the same. Without profit, how do you really expect this company to move forward. The privatization may even include a restructuring bankruptcy, an option you did not mention. No funds to pay the interest on 5 million dollars of preferred shares leads to bankruptcy.
Going private includes the forced repurchasing of all shares, and since Mr Lenfest owns the majority it is his decision alone. Value of those shares are subjective as what is the true value of this company, all depends on contracts still in existence and real property. If the company is sold, it will be piece by piece, someone may want the hardware piece, but who would take the PEG division? Always a losing proposition.
And as one keeps trying to infer that subscribers to a supported company may equal more revenue is like saying the person who sells Mcdonalds their french fry fryers get's paid by the customer. Does not make sense.
Without financing, the best that can happen is the company is sold to another who has plenty of capital to keep the company going;yet with its past track record, in a very competitive market, in a company losing millions, I don't see that happening. Wishful thinking and hope are not good investment strategies. Of course you now must rely on those more than ever because of the company going dark.
Problem is also that all unsold shares are now deregistered and gone, how many were there?? So who will buy and who will sell? Theere is no longer any chance of liquidity, thus no trades, thus even if pps rose for some reason you'd be hard pressed to unload your shares. Only 244 shareholders of record. Good luck on unloading what you have, much less getting anything back. Yes you say no one is selling, which means no one is buying which means stagnation forever. That's not an investment.
The article previously posted about going dark was good research, yet 90 percent negative for companies going dark.
Telvue has:
- Leading edge technology - Competition is large, one award in 2011, nothing in 2012. But still not enough to make a profit.
- Years of experience - Doesn't matter without a business plan.
- Strong Backing - WHERE?? Can't get financing, company owes former backer interest on 5 million dollars worth of preferred shares.
- Strong customer base - Still losing money, PEG a money loser, Cloud very few customers. And no indication as to revenue provided.
- New focus on profit with addition of CFO - How? CFO driving force for 1 for 200 split, so far they've done damage control to reduce expenses, no concentration on profit is proven.
- Great potential to sell to large internet players looking for technology - Cost of revenue still more than revenue itself. Potential is worth zero. Contract amounts are not disclosed.
- Large established customer base - Are you Looking at TEVE's website for info. Just how much money do they receive?? and how many of those customers are still in existence.
And how much money is TEVE actually saving by not filing?? 10K does not require a fee and that wasn't due until 90 days after the 4th qtr. Here's some links to help, so much for your massive savings. The 250K they were looking for had nothing to do with filing fees.
http://www.sec.gov/news/press/2012/2012-174.htm
http://www.sec.gov/info/edgar/nofee.htm
Its still a dream that will never happen, if that means so much buy a real company with real dividends that pay that much such as AT&T or most pharmaceutical companies, relying on TEVE???? Good Luck. And cost basis of $20 per share?? Too bad, don't expect to ever see that level again, the fact that all unsold shares have been delisted, there is no liquidity, you won't be able to sell for anything more than the bid, and that will remain very low. Bad situation for shareholders.
So what, TEVE does not get paid based on someone elses subscriber list, they provide a product and possibly a service agreement, regardless of subscribers the revenue remains the same. No benefit for TEVE shareholders
So 4 dollars a share, first never happen, second unless you own quite a bit, means nothing especially after taxes, but no chance, mr lenfest is owed too much money to even think about a dividend.
Who Cares, again 2011, does not mean anything for TEVE Stockholders.
Lets be straight here, there was no large contract but a small contract with a 3 billion dollar company. There was an individual here that totally misrepresented that fact. The amount of the contract that TEVE got is unknown as that was never published but since all this bs was spouted last year and financials have come out since, the amount obviously was miniscule at best.
So maybe you missed these 2012 activities:
1) 1 for 200 reverse split, subsequently bringing the pps down 90 percent.
2) Grand dilution when debt for shares executed adding hundreds of thousands of presplit shares to the outstanding shares.
3) Last five million turned into preferred shares that pay interest, last report over 100,000 interest due mr lenfest.
4) Mr Lenfest stopped funding the company, his support was the only thing keeping this company going.
5) Publicly released info that TEVE was seeking 250K by 31 December, unable to obtain.
6) Publicly released info that TEVE was seeking capital investor, unable to obtain.
7) Personnel layoffs
8) Inability to pay SEC reporting fees and going dark.
9) Not to mention previous financial reports showed one aspect of business declining rapidly, cost of increase of PEG revenue increased more than the revenue itself. Continuing to burn through cash.
10) Extremely low float which equals a serious liquidity issue. A low float is NOT a good thing.
11) On the pink sheets for ever (see level 2's previously posted)
12) What ever happened to Donna Liu, Director of new media services, in the greater NY area (as per linkedin) the much touted marketing expert that was going to turn TEVE around??
Spin it as you like but there has been no positives. An award in 2011?? If that's all you have, it doesn't pay the bills, the investors, or anything else. CFO, in my opinion, was brought in to do exactly what is being done, privatization or sale. There is no other explanation to the above.
go ahead and do the math 250,000 divided by 618,000 (and that doesn't count the preferred shares. 40 cents a share, now if that's a sweet dividend for you keep dreaming. But let's be real, there will be no dividend.
Questions asked by a poster on 2 January 2012. And what we know a year later
A few questions that deserve answers:
1. What is the estimated time period for the total Lenfest debt to be repaid, how many years?
Diluted everyones shares by adding hundreds of thousands of presplit shares in lieu of debt, but there is still debt unpaid and accumulating.
2. Estimated time period until the company is able to show a profit?
Still to be determined if ever, but not looking good.
5. What is the likelihood of the company remaining a viable going concern if Lenfest stops providing funds?
Great question, we'll know soon enough.
6. What financial entity is likely to provide financing in Lenfest's stead?
No one as they can't find financing, they looked but no joy.
7. What enticement(s), if any, exist on TEVE's balance sheet for the past 5 years that could be seen as encouragement to a new potential lender wanting to loan funds to the company?
Obviously none, no financing, they looked but.....
12. What happens to the company if for some reason Lenfest decides to call in his notes?
Company goes bankrupt as they currently are not paying the interest on the preferred shares for the last 5 million dollars he gave.
13. What is the probability the company can survive in the event Lenfest shuts off his lifeline to the company?
Another great question, we are seeing those results live, soon we'll know.
19. What does the company feel is its weakest link?
No money
22. What is the attrition rate for TEVE clients for the last 3 -5 years?
What's more important is how many leave now that the company is delisted? and future is in even more question than last year.
Very good article, I point out Con # 8:
8. Many companies which “go dark” are sold or cease doing business within a few years after “going dark.”
But since this was a pink sheet and now a lowered tiered pink sheet, very interesting on the privatization steps required. Not many positives for TEVE going forward. The steps taken in 2012 are making sense. Reverse split (less shares), delisting unsold shares, (less shares), next will be sale or privatization. A systematic method to sell or privatize the company without the ire of investors. The writing is on the wall if you choose to look. Good Luck.