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Here's the problem with your reasoning. Everyone likes to "talk" about averaging down, thus lowering the cost of each share owned. Yet that's only to mentally reduce guilt of the "I'm losing My shorts and made an awful mistake" attitude.
As your opinion is that this is the bottom your happy to buy what you can and hold what you have in hope that the stock goes only one direction. Now the problems. As you've stated there aren't enough shares currently available for people to take advantage and buy low. Second, this is not the bottom. Third, any increase in price will only lessen your losses, not for years to come will you get your money back as this stock is not going to rise 1900 percent to get back to where it was. Profit takers alone would prevent that. So in this sinking stock with no profits, losing cash by the month, you are happy to have lost 95% yet can't take advantage of the low price because shares aren't selling. Glad you're happy though, I'm sure you are the only one. 700,000 dollar loss?? Just think what you could have done with that money, and now it's gone, and very likely gone forever. Have a great week.
The reason the price won't go up is because no one is selling, as you opine. Therefore you never sell, the stock does not have the ability to increase in pps. Therefore if they do become profitable and want to let the pps increase more shares need to be made available, either by a "dividend" in stock such as what CPOW did, a forward split, or secondary stock offering, yet none allow the price to increase as all cause dilution. So there is no immediate winning scenario for TEVE. Nothing but downside risk.
From the gitgo?? This company is over 15 years old, the gitgo got up and left long ago. Now you can hold all you want, if people wanted this stock including the insiders they'd buy at the ask. But no one is buying, not because they can't but because they don't want to. Look at the available stock options the management has, any execution of those options?? No. Now comparing Apple??? You're joking right? Care to compare financial reports? Announce that big big deal? Think about it, who are their customers, Public, educational and government for their programming and their cloud computing. Guess who's budgets are under extreme pressure to be reduced, local and city governments and colleges and universities. There is no profit in this arena. Overhead costs continue to soar. Wishful thinking is one thing, reality is something totally different. Have a great week!! TIme for another three week vacation.
Survival is still in question. And since your value has dropped 95 percent since the reverse split, survival is very much in question. And you seem to say Insider Selling is a bad thing as opposed to Insider Trading, one is illegal the other is not. But let's be honest here, calling the float 55,000 is incorrect and very misleading. I doubt he'd sell any individually, I believe he will sell the company just like he did the cable company, unfortunately he will not recoup his investment, much less make a profit. But for a billionaire, taking a 25 million dollar loss tax deduction definitely helps.
Did you not see the question? Here it is again. So how do you foresee this company staying solvent without any financing seeing they are burning through millions of dollars each quarter? Also, Have you determined how many shares are in the float?
And thus the reason the share price will continue to decline. Impossible to buy?? No rise in PPS, No liquidity.
Those shares held by lenfest and you and everyone else are available for trading. Period. Your 55 thousand "float" is wrong. Your post shows 615,000 OUTSTANDING SHARES. Lenfest's shares are not restricted.
Definition of 'Float'
1. The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.
Read more: http://www.investopedia.com/terms/f/float.asp#ixzz25vfuBUJ7
First the float is over 600,000. Second there is no proof of any shorts in TEVE. Third, the premise of buy and hold what you have and never sell is detrimental to any stock price increase. As an example company XYZ issues 100,000 Shares and they are all purchased by a couple of people who never sell. The price now remains stagnant. Buying and selling based on companies fundamentals is what increases or decreases the PPS. Now based on the last 10Q and I'm sure we'll see mid November on the 3q's 10Q. The company continues to burn through cash. ANI services in a steady decline, other services may slightly increase yet the cost associated with the increase is and will continue to be more than the revenue. Overhead costs, marketing, and the hiring of 8 new engineers all costs more. This company either will do a secondary stock offering, be sold, or will be looking for additional financing. The five million dollars it got from Lenfest in February, as of last quarter is well over half gone. Add another quarter of the same and the company is close to insolvency. Good luck though on the conspiracy theories, but means nothing if there is no buying and selling. So buy what you can and never sell. The stock is doomed to decline.
Only thing I read is a member of TEVE went for a conference, nothing I read says anything else. Nothing of interest here.
Then read the financial statements, do the math, then you decide. PR's does not a good company make.
Management is one person desperate not to be investigated by the SEC. This board of advisors he's seeking is for "volunteers". No money to pay anyone. Chalk this one up to a pump and dump facilitated by the 2 for one dividend paid a week before the massive propaganda started. Stay clear as anyone reading all the PR's that were never validated know this is all BS; the supposed hirings of people that were never listed on their financials, and therefore probably never happened; the financials that subsequently were shown to be grossly inaccurate, the trip to China that there is no proof it ever happened, no proof any chinese delegation ever arrived, the JV's that made no financial sense and could never have happened based on CPOW not having the start up money. The supposed deals with IBA and others resulting in lawsuits. Etc. There is not ONE reason for anyone to continue in this stock or purchase. No finance reports in a year, fees not paid, cease trade order still in effect in Canada since September 8th. Common sense should be used here. The greedy ones have licked their wounds and departed to other stocks. Do yourself a favor and stay clear.
and also any discrepancy or "fraudulent" shares would have been discovered during the last two shareholder votes. One at the annual meeting, the other at the infamous vote for the reverse split. So do the math, did the total vote exceed the total outstanding shares?? Therefore I doubt, once again, that any illegal shares were created for any "short" purpose. Not to mention the conversion of the reverse split shares would also have uncovered any discrepancy. Good luck to Qtip on the conspiracy theory though.
Ok, history is important, but let's look at the future of TEVE and also a brief comparison of one of the competitors I was asked to provide many months ago. Let's see if you are so inclined to compare the financials below with TEVE's:
http://investor.brightcove.com/releasedetail.cfm?ReleaseID=695959
Revenue VS Revenue
Revenue increase year over year VS revenue Increase Year over year
Gross Profitability vs Gross Profitability
Share Price VS Share Price
PINK Sheet VS NASDAQ
Now which would you rather own? Time to look past all the BS and "short" stories and look at the financials. Gamble if you will but many companies offer a better chance to ride the "cloud" technology well into the future. All while a 15 year old company called Telvue, struggles to survive in any market. So hold what you have and buy more if you can and lose another 95 percent or be smart and really look elsewhere to ensure your kids education is paid for.
He could do any number of things, but we all know his financing of this company has ended, so within the next 6 months they have to either do another stock sale, or a third party financing. The other item they can do as is listed in the proxy statement that they may use shares instead of cash. Oh the "D" word comes into play in every one of these, thus the investors value goes down. So you'd be smart to wait. What's most telling is the fact that no insider buys, not one. Even the CEO is not buying at a presplit price of just over 2 cents a share. There is no confidence and if the executives are not buying shares why would the general public buy any. A key factor should be when you see the insider buys become a reality, then you'll know if this company is close to reporting even one cent of profitability.
Obviously Not, Even Jack bailed on this stock. No more moderators, assistant moderators, or rose colored glasses....So Sad, LOL
Wrong again, you are on a roll. I'm an investor in quality companies with increasing dividend payouts. Most in 401K, Roth IRA and realestate. You continue to talk the "Short" conspiracy yet there is no proof whatsoever that TEVE stock has been shorted in anyway, even if there were shorts, how do you know they didn't cover with the last 150 sale at 5 dollars. The previous sale at 10 dollars etc etc. That would be 30 thousand presplit shares. Thereby making them a killing.
You consider TEVE a quality stock?? No profit in 15 years, some sections decreasing sales, and as Joe allowed us to see in one of his "links" he posted, the many problems that TEVE has with it's equipment?? Good Luck though.
No I don't take advice from anyone, I do educate myself using the financial shows, Financial Times, Wall Street Journal, Money Magazine, Kiplingers Magazine, Baron's Magazine and Forbes. Now go back to 1 January of this year and read all the posts on TEVE Board and see who has been more accurate, based on fundamentals of sound financial analysis, not someones Hold what you have and if you can buy more advice. Those who took that advice have lost almost everything, yes on paper so far but the market is up double digits this year while this stock is down 95 percent. Too bad for the one who was "looking for things to sell to buy more TEVE shares". Who also said, "I'll buy 100 shares for each negative comment" Another story of the greedy and gullible, and now much poorer.
If you've been watching any of the financial shows, Knight will come out of this better than they were. TEVE on the other hand will be hard pressed to stay in business unless they get another financial backer and soon. Otherwise they will not be in existence to the extent they are today, sold or in protection mode.
If you noticed the current issue with Knight did not effect the OTC markets, in other words, Knight specifically stated the glitch did not affect any of their OTC responsibilities or functions. So you still have no excuse for TEVE's downfall. Now at a presplit price of .025. Now tell me this is OK. A 95% Loss. Has anyone seen Jack??
mmmmmmmm, well on our way........
First it was "wait till Wed for the spit to hit the fan" No reply when nothing happened, then a statement of no dilution from the share conversion - totally wrong and no explanation; now its low pps is good; profits but no taxes - wrong again, and new revenue every few weeks - wrong again. Wondering how many comments can be totally wrong and yet the very few that read these posts put up with them. TEVE - Wait until the 15 August 10Q comes out. Anything said is meaningless until you truly see what they are reporting. Expect another couple of million loss, which will virtually eliminate existing cash. Expect PPS to be Below 5 dollars by end of August once financials are revealed. Since the quarter ended June 30th, any remaining cash listed is probably on its way out the door. Expect secondary offering, buyout, or bankruptcy protection.
I think someone is getting out while they still have a few dollars to show for it. May be heading back to penny land. Especially if they didn't have much in it in the first place. I understand those that have 750 thousand invested now with a value of around 35 thousand. Why leave now the damage is done and there is still hope it doesn't go lower, doubtful. But I hate to say I told you so but.....................
The density of the cranium is mind boggling sometimes. I already answered. It's been fun, but must go enjoy my next three weeks off. The 16th will be here soon enough. I leave you to pat each other on the back on your great investments and the pending future of the short covering windfall you expect. Now that's funny!!
16 Days: Now do you care to explain why the shares for debt caused no dilution, that every few weeks new products came out?? Like I said, they make no profit, so where are they getting the money Joe, when the cash dries up???
You know my opinion, what do you think the financials will show. Forget the short conspiracy, that's pointless. Your opinion on the going concern of the company and whether or not you think they are anywhere close to being profitable. If no profit what do you think they will do to stay in business. To raise cash they can only do a few things. I look forward to your analysis and opinion.
Shorting a penny stock is only profitable after a pump to ride the dump. This stock is illiquid, therefore to short this stock would be disastrous. That is why there are no shorts, there hasn't been any. The only reason people say there is manipulation going on is because they can't stand to think that they made a mistake in investing in a company that even after 15 years in business has yet to make a profit. SO they have to justify their failings somehow.
First, there are no shorts, secondly Mr Lenfest has already shown you what he is doing or in this case not doing. He stopped providing cash support. Since the company could not even pay the interest back to him he agreed to the debt to shares. That is nothing more than a tax break for him now as his conversion rate was 70 dollars a share, now at the price of 8.50 he'll soon sell, take the loss and you can continue to say it's the shorts.
Joe, and this is from someone who says the debt to shares conversion had no diluted affect. But the only reason that the employees were paid was because of the 25 million dollars that Mr Lenfest Provided, that is coming to an end, so where is the money coming from? Go ahead and answer Joe. The revenue they receive costs them more than the revenue itself. Therefore once cash dries up what happens, employees are let go. Just wait and see. 16 days!!!
Cash dividends from where???? Companies only pay dividend when they have an abundance of cash, after R&D, acquisitions etc. This company has no cash to pay its employees much less a dividend. Mr Lenfest has stopped providing financial assistance to this company, and his conversion to shares diluted your shares exponentially. Dividends???? Now that's funny.
Of course, along with depreciation and many other accounting methods, bottom line is if you expect the profitability to be as such to raise the PPS there will be plenty of taxes to pay. Only making enough to continue to write off any profit does not add to the value of the company or the shareholder. In such case the value continues to fall, dilution extreme, and company flounders in mediocrity. 16 days. And since there is no profit, no reason to discuss this now.
Yet you still provide no proof there is any shorts out there. No information that supports your "no dilution" statement. No information that supports your "revenue producing" products every few weeks. No information to support your "profit No taxes" statement. People live in a dream world and though statements may make sense to them reality is something else. 15 years no profit, no cash, revenue costs out weigh revenue by the millions. Overhead consistently increases. 16 days and you will see once again who is right.
And yet we come around again to another refusal to clarify statements that have no basis. Would you like to explain the No Tax comment?? Or the No dilution comment?? Or why you feel it's best that this stock has dropped 90 plus percent since the reverse split and it's OK. Anyone making an obviously blatantly wrong comment does no one any good. 16 days until reality hits once again. The financials cannot be argued.
First it was "wait till Wed for the spit to hit the fan" No reply when nothing happened, then a statement of no dilution from the share conversion - totally wrong and no explanation; now its low pps is good; profits but no taxes - wrong again, and new revenue every few weeks - wrong again. Wondering how many comments can be totally wrong and yet the very few that read these posts put up with them. TEVE - Wait until the 15 August 10Q comes out. Anything said is meaningless until you truly see what they are reporting. Expect another couple of million loss, which will virtually eliminate existing cash. Expect PPS to be Below 5 dollars by end of August once financials are revealed. Since the quarter ended June 30th, any remaining cash listed is probably on its way out the door. Expect secondary offering, buyout, or bankruptcy protection.
Every few weeks?? Please provide each, and do you know if they are making a profit on each one of these?? I don't see but a few pr's over the last 6 months. And what is this about no taxes to pay?? Please explain. Profits finally coming in, that in itself is a stretch, but no corporate taxes on the profit? Credibility is at stake.
Every few weeks company comes up with new line of revenue and once the profits start no taxes to pay
Guess I wasn't the only one thinking that, makes sense though as it is counterintuitive to want a stock to keep going lower, for the last year its the same thing, if it goes lower........ Maybe that's why he isn't upset over "losing" almost 700,000 dollars. It's actually the other way around, LOL
A Value of $18,200 now down to $2,975 How's that feel? Now knowing that the "someone" made the right choice by selling then instead of holding into the abyss.
This means nothing without profit. May be good for the customers who actually know what this all means but for the investor, not much. TELVUE should have a FAQ page for it's investors or publicly state on their FAQ pages such as: How much does this cost? Do I buy the equipment or Rent? What is my monthly service fee? What are the bandwidth costs? What costs of Telvues are passed on to me?? What service is provided as part of the monthly plan?? What are the different types of plans, customer support, technical support and the costs?? And for the investors, what is the profit margin per contract? That would be nice to see in the quarterly report, an actual financial statement that explains their current situation.
Oh and what happened to the Friday "take it down" conspiracy. August 15th will be interesting to see just how much cash they have left and how much they burned through again....
How can you say the shares were not diluted? As you can see from the latest 10Q, excerpt below, more stock was added to the float. You have to count the total number of common stock as part of the float, including those shares that Mr Lenfest owns. Don't see where you get only 55,000 in the float. The float are all those shares that can be publicly traded, regardless of who owns them. Since the amount of common stock was increased dramatically that is dilution, period.
Now, is the decrease in price the evil market makers or is someone taking your advice and submitting low bids hoping to get the order filled?? The conspiracy theory holds no weight. You will see the stock continue to drop especially after 15 August. Too bad for the individual who took your advice and bought at 40plus cents, now at presplit price of .0425 and going lower.
The Company consummated the Conversion Transactions on March 16, 2012. $20,941,000 of the principal amount of the Notes and Science Note, plus $4,921,082 of accrued but unpaid interest thereon through March 16, 2012, was converted into 369,458 shares of the Company’s Common Stock (as adjusted for the reverse stock split disclosed in Note 6), at a conversion price of $70.00 per share. The remaining $5,000,000 of the principal amount of the Notes was converted into 14,285.714 shares of the Company’s Series A Convertible Preferred Stock.
In order to complete the Conversion Transactions, the Company increased the authorized number of shares of common stock to 600,000,000.
They have always needed money to continue and for the most part it has come from Gerry and was paid back without diluting the shares
What is your basis for 1) shorts exist, 2) that this is their final chapter and the reason, and 3 that there are blue skys ahead for this company?
When in doubt read the financials.
Actually the last price is the price someone was willing to purchase the stock for. The Bid is the real value even if overpriced. A value someone is willing to gamble on that they will make money selling higher from this point. As no one knows if all shares are taken or not, whether or not there is still some left at the brokers and therefore there aren't any "sellers" just brokers getting rid of what they were given at the outset. Doesn't matter, you couldn't sell now for a profit if you wanted to. No fundamentals of this company give an indication of anywhere near this valuation. Of course when you are using a negative number to find valuation it is just that NEGATIVE.
So you have 7500 shares, a pre split value (1.5 million shares X .49pps) was 735,000 dollars and yet you did not sell???? Now your value is 75000 dollars a loss of 90 plus percent?? No wonder the words are buy buy buy because of the loss loss loss. A lesson others need to see when this stock continues to decline. Just wondering how much money was actually lost buying those shares. Sad! Buyer beware!! I'd be worried if someone accepts a loss of 50 percent (10 dollars to 5 dollars) and say it's ok. mmmmmmmmm