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I hear what you are saying but I have no proof of anything either way.
There is no doubt a long string of promises that do not appear to be completed. It is for that reason that I stopped buying any more shares at any price.
That being said there is no proof of any injustice being done here. Mismanagement, incompetence or poor communication do not equate to injustice.
Time may show that we were lied to about all this. It may also show that we were the victims of unforseen events. It may even show us to be wise investors with patience.
I don't know but I know this namecalling has not materially improved my life or the direction of this company.
I am frustrated as anyone but I do not understand why anyone would continue to waste so much time finding nonrelevant news items and posting angry rants.
This company is not competing to provide internet services. We are supposed to be working with Host. The hotel we are waiting on just happens to be a Marriot.
The negativity is just as foolish as the rosey optimism that has flourished at times here as well.
Since we have a no bid stock and our money is either already lost or waiting on real news I suggest we also have a no post board until we have something to say that is actually an improvement over silence.
Abraham Lincoln said it is better to remain silent and be thought foolish than to speak and remove all doubt.
I agree wholeheartedly.
Why are we wasting all this time hand wringing?
Read all the PR's and financials. That will give you the whole picture. There is always an excuse for the repeated failings of this venture.
We lost our content provider. That delayed the contract with Marriot. Doubletree supposedly had financial problems and did not move forward with the contract.
Steven Haag and others could not be trusted. They were stealing our technology.
We can't close deals without a Board of Directors. Now several candidates have been interviewed but only two have been announced.
Are there more coming? Who knows.
Mystery installations in India and Puerto Rico. Two years of claims of other intallations in major metropolitan areas in the financials with no proof or verification.
I don't know if any of this is true but I do know this.
If we are being led by a crook no amount of analysis and letter writing will make a difference.
If we still have a viable company then all we can do is wait for results.
The constant negativity resolves nothing unless your goal is to vent publicly.
A rational person would stop the bleeding by not investing one more penny here. There is more than enough reason to doubt anything that is claimed by Shiva until we see real results and revenue.
It is irrational however, on a daily basis, to announce to the entire world how stupid we all were to put ourselves in this position.
Either we have lost everything or good news is coming. All we can do is watch and wait.
This constant complaining and name calling has grown old.
Thanks.
Shiva represented that Tivus has obtained the rights from content providers to place advertisements over their advertising. I assume he must pay for this right. Has anyone seen anything in the financials that would confirm any sort of relationship like this?
I know this may seem minor but I was looking for anything that might give even slight proof of at least one of Shiva's claims.
I think I found a new advertiser for Shiva.
Good News! We were promised that installation in the lucrative Asian market would begin within 30 days. That was August 28th. So where is the update? Oh wait. Its coming soon.
If this is what Mr. Bickel brings to the table we could have some good days ahead. From Aetodyne website:
Aetodyne is made up of a team of highly experienced professionals with senior management experience in technology, hyper-growth, M&A, energy, legal, financial, agriculture, startup and several Fortune 500 companies.
Our expertise in technology evaluation and market opportunities provides an edge in our ability to quickly evaluate industry opportunities for high growth potential.
Our team also has very successful backgrounds in consulting in the areas of strategy, sales, marketing, mergers and acquisitions, management and leadership development, accounting, contracts and business process re-engineering.
John Bickel, President/CEO
A senior executive with significant experience at division and corporate headquarters of both Fortune 500 and start-up companies. Broad areas of expertise encompass virtually all facets of managing an organization, including considerable top & bottom line responsibility (>$300 mil & $35 mil respectively). Industry knowledge and experience include manufacturing (U.S. & Europe), high technology (Telecomm), and consumer products nationally and internationally. Extensive M&A integration experience and a turn-around specialist. Holds a TS/SCI security clearance. Retired US Army Lieutenant Colonel. Airborne, Ranger, Special Forces. Vietnam vet. Assistant Professor, Electrical Engineering, West Point. Has served on numerous boards in both public and private sectors. Also has served on non-profits as part of commitment to the community. MBA in Management, C.W. Post, Long Island University, Greenvale, NY; MSEE, Georgia Institute of Technology, Atlanta, GA; BS in Engineering, United States Military Academy, West Point, NY; Registered Professional Engineer in Electrical Engineering.
If this looks familiar it is because it is the bio of John Bickel both straight off the Aetodyne webpage, of which Mr. Bickel is the CEO, and word for word copied in the latest PR.
Aetodyne appears to be a privately held green energy company that has recently partnered with a Canadian company in this field.
I will be interested to see what develops. Mr Bickel appears to be based out of Texas and appears to have his own startup company to manage at the same time.
What does all this mean? I do not know. I would not want to unfairly characterize any business venture but green energy seems to be a field rife with Tivus style promises of great potential with limited results.
The odd performance on the Youtube video in conjunction with the cut and paste press release leave me a little apprehensive. I continue to hope for followthrough and results.
Mr. Bickel certainly seems to have a good resume although there are no specific references anywhere to a known Fortune 500 company or company turnaround story by name anywhere that I could find.
http://aetodyne.com/Aetodyne.html
In 2011, TiVUS had the privilege of installing the latest in hospitality television technology into a few select hotels with positive feedback from the hotel guests and hotel managers.
This is off the Tivus website. It is either the boldest lie I have read to date about this company or there are hotels that have not been disclosed or generating revenues thus far. I suspect this is Omaha (BUST) and Philly (Who Knows)and another example of lack of attention to the public face of this poorly run enterprise.
I have been as frustrated as anyone with this company. When I first bought in to the concept over a year and a half ago OS was 27 million.
I watched massive dillution and tracked the failed follow through with promises of signed contracts and uplisting.
I was disappointed by the consistent failure to file timely and accurate finacial reports.
I do not know if I can truly believe the explanations for the disappointments and delays but at this point my doubts are of little value either way for the future of this company.
I can only look at what was promised on the last CC and we have unverifiable reports of forward movement on almost everything we were told to look for in the coming weeks.
Time and hard work on the part of Tivus will show us what we are holding in our hands.
Will this new BOD move us into significant revenue generation or be Marriot Bros. round two?
Will any of these ventures overseas pan out?
Will we actually see steps four and five of the alluded to business plan?
I feel like we have answers soon, one way or the other.
We have the promise of new investors and perhaps a slowdown in dillution. We have the potential of revenues that will hopefully be reported in the promised timely released financials.
I have been disappointed by the past performance of this company but not knowledgeable of actual facts that would allow me to make accusations about motivations of company leadership.
If this is a scam we are already done. If there is a real company here I am choosing to exercise the virtue of patience to see what develops.
I will not invest anymore nor will I encourage anyone else to do so at this point.
I hope we can all take a little breather from to unending ranting and accept the consequences, good or bad, of the decision we made to put our money in this company.
Tata motors is Indians largest automobile manufacturer.
With news of potential business and presumably advertising by Tivus in India it is funny to me that while we once pinned our hopes on a contract with Marriot because we could eliminate porn from their system we now hope to make it big by selling tatas.
If you listen to the cc you will hear there were three conditions needed to be met in order to move forward with an executed Marriot contract:
1. The technology has to be installed and must perform well. That was represented by Shiva to be accomplished.
2. The revenueclaims need to be proven. That was also represented by Shiva in the cc to be accomplished.
3. Tivus has to demonstrate there is enough of a company to support their product and taken seriously. The creation of the BOD which is supposed to be made public soon is supposed to be a step towards this.
Name calling will not resolve any questions. Concrete actions on the part of Tivus in the next 60(?) days will reveal what we are holding on to good or bad.
I looked up Neesa Leisure Ltd. that was mentioned in the post. Their website says the following:
Currently, we have eight (8) operational properties spread across India with an aggregate room inventory of about 800 rooms. Out of the above six (6) properties are Upscale properties providing five star facilities and two (2) properties are Mid-Market properties providing three to four star facilities.
Their website also says they have three additional properties proposed and one partially completed.
As we cannot control anything that happens right now I suggest further patience. All will be revealed, good or bad, in future financials that have been promised to be filed on time.
As a side note, when I look at world economies India is not a bad place to be right now.
If you are not comfortable the door is one click away. My decision is easy as I have nowhere to go right now. Frustration may be understandable but right now it is completely unproductive.
At least the stop sign is down. Perhaps we can get attorney letter posted and get current and quit missing these deadlines. While I am making a wish list I would also like to have Philly up and running and get on with the other major metropolitan installs reported in the financials.
Grand Hyatt New York is not a host hotel. I don't know if that is good or bad. There is a December 2011 Press release that states the just completed a $130 million dollar renovation. It does not mention any technology improvements.
Not sure that tweet is anything.Maybe in the next 20 years we can all talk one at a time with our CEO.
When you talked to Shiva did he mention anything specifically about what his comments about survey work in Puerto Rico meant?
I brought my money to the table. That's my part in capitalism. I hope you understood that before you started buying stocks.
If our CEO can make offers to let people shadow him through members of this board and have them post that offer on this board then it is perfectly legitimate to express my concerns as a shareholder here as well.
If our CEO through members of this board can express frustration over things written on this board then obviously he is monitoring what is being written.
I have been publicly promised several accomplishments through releases, a conference call and previous financial reports.
One released stated the Omaha Doubletree would be the technological showplace for Tivus. Now it is not even listed on the website.
If you dont feel the urgency to start generating revenue and sales I can't help you. This company won't even give us a quarterly snapshot of how close we are to success or failure.
I don't know what your situation is but I have almost two years and over 20K in this company.
I have never even had one email returned and a long list of failed promises.
I have learned a lot of lessons. I guess you just have money to burn.
I took my kids to Disneyland last weekend and we stayed at a Marriot hotel with Lodgenet. That system stinks. We appear to have a far superior system if this company would actually start selling the product.
I am tired of the excuses and frankly offended at last weeks offer to shadow the CEO for a week. Working hard does not equal getting results. Its time for results.
I even understand if we are laying groundwork for results but then communicate that publicly. We are already two quarters behind in financials.
No more excuses.
I have been here for about two years. Mostly quiet. I have no choice but to wait. As the website update is new I was just hoping everything on there was deliberate.
Like I said, until we get current financials we are left to speculate and hope. I have a long road ahead just to break even.
The reference to three hotels has been around as long as I remember. I hope it is real. Soon?
During the next twelve months, the Company plans to install IPTV systems in three major metropolitan hotels. As of September 30, 2011, the first major hotel installation is near completion.
This is the relevant section of the last financials with regard to this issue. We need those updated financials today to end all this speculation.
It seems to me like there is either more going on than we know or Tivus is really pushing the creative limits of the public disclosure laws with these vague public statements.
I keep thinking about this quote off the new webpage.
"In 2011, TiVUS had the privilege of installing the latest in hospitality television technology into a few select hotels with positive feedback from the hotel guests and hotel managers".
I know this is incredibly vague as a "few" could mean two or more hotels. We know about Philly and to a lesser extent some version of our product is in Omaha.
Previous financials mentioned three hotels. Could there already be another install that has not yet been disclosed by name?
Again "few" like "soon" may be meaningless, but this is a public website and information placed on it is subject to regulation and requirements for truthfulness.
Am I reading too much into this one sentance?
I hear everything you are saying and I appreciate the strain of being shorthanded and having to prioritize. I have started several ventures in which I was the only one who believed for the longest time.
I have never turned the corner on anything without jealously protecting my credibilty and reputation.
I learned never to confuse activity with accomplishment.
I would suggest the intangibles that flow from following through on commitments and good communication will be a foundation for success if only Shiva would recognize that fact.
Filing timely reports would be a minimal step in that direction. Not someday but on time, every time.
I have been here for over a year and a half and I still have hope.
I went through the promise of 2011 being the year for Tivus. The promise of audit and uplisting. I excused every late filing as being a shorthanded startup company. I watched the constant dilution and justified that as well as the necessary cost of getting started.
I am once again trying to read the tea leaves about site survey in Puerto Rico in conjunction with the advertising meetings last week.
Perhaps there are enough potential deals that there is a threshold about to be crossed with installations that we can finally generate significant revenues and expand the pool of potential advertisers.
I am even willing to believe there is intentional witholding of information so as not to crush embers of a deal with a wave of bad news. That is troubling to me, but believeable based on past experience.
Tivus must start announcing deals soon and make a commitment to end their consistent record of late reports and ungag the TA. I am tired of feeling like a battered spouse trying to convince myself I will never be hit again.
Is there somewhere in the filings that show how many shares are held my management?
I was wondering because the dilution has been so dramatic over this last year and a half that I would think unless they continued to purchase shares as they diluted that they would eventually dilute themselves into a minority ownership status and lose control of this company.
Here is what I believe they need to file. It looks like upon the approval of the Exchange they should be approved by the SEC within 30 days. See highlighted sections below.
It looks to me like this part is in the hands of TIVU to get this filed. This in conjuction with contracts and revenues could be our light at the end of the tunnel.
Section 12 -- Registration Requirements for Securities
--------------------------------------------------------------------------------
a.General requirement of registration
It shall be unlawful for any member, broker, or dealer to effect any transaction in any security (other than an exempted security) on a national securities exchange unless a registration is effective as to such security for such exchange in accordance with the provisions of this title and the rules and regulations thereunder. The provisions of this subsection shall not apply in respect of a security futures product traded on a national securities exchange.
b.Procedure for registration; information
A security may be registered on a national securities exchange by the issuer filing an application with the exchange (and filing with the Commission such duplicate originals thereof as the Commission may require), which application shall contain--
1.Such information, in such detail, as to the issuer and any person directly or indirectly controlling or controlled by, or under direct or indirect common control with, the issuer, and any guarantor of the security as to principal or interest or both, as the Commission may by rules and regulations require, as necessary or appropriate in the public interest or for the protection of investors, in respect of the following:
i.the organization, financial structure, and nature of the business;
ii.the terms, position, rights, and privileges of the different classes of securities outstanding;
iii.the terms on which their securities are to be, and during the preceding three years have been, offered to the public or otherwise;
iv.the directors, officers, and underwriters, and each security holder of record holding more than 10 per centum of any class of any equity security of the issuer (other than an exempted security), their remuneration and their interests in the securities of, and their material contracts with, the issuer and any person directly or indirectly controlling or controlled by, or under direct or indirect common control with, the issuer;
v.remuneration to others than directors and officers exceeding $20,000 per annum;
vi.bonus and profit-sharing arrangements;
vii.management and service contracts;
viii.options existing or to be created in respect of their securities;
ix.material contracts, not made in the ordinary course of business, which are to be executed in whole or in part at or after the filing of the application or which were made not more than two years before such filing, and every material patent or contract for a material patent right shall be deemed a material contract;
x.balance sheets for not more than the three preceding fiscal years, certified if required by the rules and regulations of the Commission by a registered public accounting firm;
xi.balance sheets for not more than the three preceding fiscal years, certified if required by the rules and regulations of the Commission by a registered public accounting firm;
xii.profit and loss statements for not more than the three preceding fiscal years, certified if required by the rules and regulations of the Commission by a registered public accounting firm; and
xiii.any further financial statements which the Commission may deem necessary or appropriate for the protection of investors.
2.Such copies of articles of incorporation, bylaws, trust indentures, or corresponding documents by whatever name known, underwriting arrangements, and other similar documents of, and voting trust agreements with respect to, the issuer and any person directly or indirectly controlling or controlled by, or under direct or indirect common control with, the issuer as the Commission may require as necessary or appropriate for the proper protection of investors and to insure fair dealing in the security.
3.Such copies of material contracts, referred to in paragraph (1)(I) above, as the Commission may require as necessary or appropriate for the proper protection of investors and to insure fair dealing in the security.
c.Additional or alternative information
If in the judgment of the Commission any information required under subsection (b) of this section is inapplicable to any specified class or classes of issuers, the Commission shall require in lieu thereof the submission of such other information of comparable character as it may deem applicable to such class of issuers.
d.Effective date of registration; withdrawal of registration
If the exchange authorities certify to the Commission that the security has been approved by the exchange for listing and registration, the registration shall become effective thirty days after the receipt of such certification by the Commission or within such shorter period of time as the Commission may determine. A security registered with a national securities exchange may be withdrawn or stricken from listing and registration in accordance with the rules of the exchange and, upon such terms as the Commission may deem necessary to impose for the protection of investors, upon application by the issuer or the exchange to the Commission; whereupon the issuer shall be relieved from further compliance with the provisions of this section and section 13 and any rules or regulations under such sections as to the securities so withdrawn or stricken. An unissued security may be registered only in accordance with such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors.
I have been quiet but on this board for over a year now. For those in contact with SH, it may lower some levels of concern if there was an explaination of the needed filings, time tables and expense associated with the upgrade to the OTCBB. I tried to wade through the SEC and FIRNA website but it was well over my paygrade. This information should all be government regulation and should not be insider information.
Now that the audit is complete what are the timeframes, required filings and expenses associated with the upgrade? Are there financial or personel obstacles to completing these filings?
Did anyone notice we are back to current information status?
If you are still tracking I have been here awhile and currently have 426,000 shares.
Here is the answer I got from investor relations about the release of the audited financials for TIVU.
Thanks. Yes, I am pleased to report it’s almost over. However, the first step will be full PINKSHEETS compliance, you should see that and its associated filings shortly. Those new financials will then be handed off to the auditors right after.
First expect to see a PS on pink sheets followed by communication about the audit being conducted by our CPA firm.
Management has effectively accomplished this daunting task, and I am sure our shareholders will appreciate management’s attention to transparency.
I look forward to discussing this again with you in the very near future. 2011 is going to be a blockbuster, in my honest opinion.
Best regards,
--Steve Haag, M.Ed.
investor relations
I am at 3.75 Million shares for your list.
Quarterly Report coming!
This is the response I got from Frank re: QR
Hopefully the beginning of good news.
____________________________________________________________
I thank you for your interested in our company. To maintain our “PS” status on the OTCPink we must fill our quarterly report to the OTCPink on a quarterly basis.
As stated in my last press conference, we will commit to our shareholders that we will file our quarterly reports on time, if by any means we cannot meet the deadline due to any unforeseen issues, we will let our shareholders know of this delay immediately.
Regards,
Frank
Chinese Proverb:
Chinese: "????????"
Pinyin: " Bù rù huxué, yan dé huzi"
Translation: " You can't expect to catch a cub without venturing into a tigress's den."