Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
When we "fail", do we always need an excuse?? Otherwise, I agree with you, SeeYa. R3
This is my personal take, not SP's. I believe that Philly and the Host/Marriott deal caused Tivu to go all in believing that if we could get this rolling and impress H/M, it would take us to the top, i.e. "Game over!" H/M then did what they do best: played hardball. They wanted to risk nothing and made Tivus foot the whole bill. It went well until we lost our Ip provider and IBM switch installations. Fixed the IP provider, and then IBM decided to save a little money by changing switches that were NOT the ones to be provided. Hotel goes down and no one can figure out why. This is what is supposedly being fixed right now. But, this has put Tivus nearly into bankruptcy. So, what will H/M do? If all is fixed and functions will they finally convert this to a real, $ paying contract? Or will H/M just continue to be jerks and suck Tivus dry?
One thing I am sure of; SP has done everything humanly possible to make this work. He is probably broke, taking the bus where he can to save money, and still has dreams. He is NOT a crook. Business is business, and people not wanting to risk disappointment are just not being realistic. GLTA. R3
Thanks, Vulcan. We only look to build positive solutions.
Again, peace be to you. R3
I am on central time at the moment and should be there for some time. I was pacific yesterday, but that represents the marvels of our modern world. Email away. I will be traveling beginning tomorrow and won't return or available until the first of next week. Don't want anyone thinking I let them down. Thanks, again. R3
Reaching out to blahdude, Vulcan, and pacinvest. Jwez and I already chat from time to time, and I would like to move forward with more helpful discussions on Tivus. Again, if you would like to move forward, private message me and if you leave your emails, I will respond. Sorry I do not have extended board privleges. GLTA. R3
Vulcan and pacinvest, I don't have extended board privleges, but if you have interest in chatting with me personally, send me a private message and I will hold it confidential. I will then send you my email and we can talk about Tivus. I am merely an investor, but I am more interested in being positive about Tivus than just getting into arguments on the board. Thanks. R3
I briefly talked to SP about patent filings. 1. It exposes your technology to competitors and with a few changes they can consume your technology in another patent filing. 2. Even if you try to defend your filing in court, you better have a lot of money to persue the defense. 3. Internationally, you are not covered and that requires more filings. None of this is possible when you don't have substantial resources, and IMHO, that is not now. Makes sense to me not to file and spend resources that are precious for other things. Ultimately without heavy resources to defend your filing you have nothing. BTW, he told me he is pumping every personal resource into the company and that includes his "salary". GLTA and especially to SP. R3
Like I said earlier, I am an investor to make money. I don't represent SP or Tivus, just my opinions. On your word, investors took loses today. I will hold because you are looking for the worst and you have found it. No big surprise. But good luck to you and your future investments. I am still riding this horse. R3
The good news is that Romney will help Tivus succeed! You can trust his positions!!
SeeYa, please site your sources or refer to private conversations. Thanks! R3
Pac, there are a number of sh's who would like to help in different ways to get Tivus up and making money. The only person who can outline ways to help is SP. I am with you and Vulcan. Positive steps are better than complaining. R3
Vulcan, first my condolences on whatever tragedy befell your family. You have been and will be in my thoughts and prayers. Life is precious and does not need to be wasted, not one minute.
Everything Tivus (and for that matter, every other company) does will cost something. SP shared with me that even posting a pr costs over $400. IMHO, the reason the last "financial" was such a disappointment (and yes, SP should have reviewed this report. That was crazy not to do so and he recognizes this)was trying to do things while saving money. A BAD POLICY. If he sells more shares to give us pr's, we scream dilution and looting the company. If it's not the "right pr", he is not being forthcoming and trying to trick us. 6 months later we refer to the pr and if he doesn't word something correct, it is refered to as just another misleading statement. Hire a pr firm and that costs money. Hire a financial firm, that costs money. There is no money at present coming in from the Marriott deal, IMHO.
so your questions about financial needs are well put. I think, Vulcan, if you called SP he would discuss financial needs. Jwez may be one who can guide you in this. GLTY. R3
It's the Jelly's at Tim Horton's that got into me!! Hey J, do you know who the McKenzie brother's were/are???? (Hint: Strange Brew) Great role models for a successful business model that Tivus should follow. LOL my man. More money from somewhere is the only answer. GLTY. R3
Ghost, here is a thought. We can drive SP into personal bankruptcy so he can't live, and that will really fix Tivus and make it a success??????? He is using his personal funds to travel and do what he can so I suggest this strategy is probably not the best IF we want Tivus to continue. GLTY. R3
I have emailed ST and have not heard anything from him. I do know that I finally got the right email address so it is in his inbox. SP said that ST is working on trying to get the best deal on BOD and officers insurance so they can get the BOD's posted and officers listed. I appreciate the question and will respond IF ST responds.
I am not going to answer every question that comes to the board from investors. I have given my take on the company's position after talking with SP and in my opinion it is, at this time, a money problem. I see further dilution if other investors aren't found, and personally, I would support a RS IF it facilitates capital strength and moves us to uplisting and accomplishing our goals. If Marriott converts from trial to active contract, I assume many of our problems in the short run are solved, but that is still months away. If grousing makes people feel better, gripe away. But it won't solve a thing. GLTA. R3
Kaiser, are you kidding? Not one great business move in technology was done without struggle and rejection at all levels. Your premise is just wrong and historically incorrect.
This maybe a POS, but it's MY POS, and I assume your POS (And I think this term is crude and insulting, and unworthy of a smart person like yourself). I know we are all concerned about a path forward, but Happy Vulcan is wanting to help and I like his response. The "fault" in Tivus is trying to move forward with limited resources, and I hope we all try to get our heads around helping this succeed. It benefits no one to celebrate Tivus' failure. GLTY. R3
I am an investor like everyone else. My purpose is to make money, and if possible, lots of money. It takes money to make money and blahdude has hit the nail on the head: Money.
Here is the question: I believe that if SP had adequate money on hand, we would get financials audited and up to date, officer and director insurance, BOD, uplisting, shareholder's meetings, and pr's posted. IMHO, he is pinching every penny until Lincoln sites the Gettysburg address.
I repeat what I said yesterday. Anyone who says they wouldn't have taken the Marriott deal is being disengenuous. Hind site is 20/20. Everyone at the time was shouting the praises of SP so let's not act like, "We knew this wouldn't work!" Please!
So where do we go from here? The share price and structure is a problem, IMHO. Short of getting other investors with deep pockets, the shares will have to be sold. Anyone who thinks that if this is such a great tech, there isn't any problem getting money is kidding themselves. Business people don't risk on start ups or the Zuckerburgs and Jobs would have easy times getting to market. We are still in the Philly trial, but that is months away from completion. Soooooo, get out your crystal balls. If anyone has an extra $100,000 laying around, and you believe in this tech, call SP. GLTA. R3
J, I could so easily be a Canadian!!!! It is such a lovely country with gracious people who are way ahead of us in immigration, health care, business, and on and on it goes. I know that doesn't sound very American of me, but I think you can love your home and still admire a great country that is sound as a Canadian $. For you American doubters, I have taken the oath twice to support and defend the Constitution, so don't get all nervous. In August, I am coming back to my "close second" home country. I am excited about returning to the "Great White North!" Notify the McKenzie brothers, and get me a "jelly donut" ready at Tim Hortons! R3
J, context always provides more understanding and a clearer image of the mountains to climb. Philly cost us a bundle of money as a company. I don't think I realized how much until listening to Shiva and the great struggle to install this system and make it operational. Let's face it, our number one problem has been dilution, but for cause. This was the first installation of our system anywhere, and to not expect problems is totally unrealistic. Everyone has these and if SP made mistakes, he probably was not revealing of these considerable problems. Remember, Marriott wanted us to use their hardware system and providers. SP had to use this equipment and try to make this patchwork quilt all fit together without ever doing this before. I am impressed he got this done, and SP stated that Richard Marriott, according to SP, was impressed. He just didn't think Tivus could pull it off. They did. So, I am more understand, J. and wish I had known this sooner. Honestly, as I consider some of my comments, I am a little ashamed. He really wants to make us all successful, J. Remember, we don't make it we lose our investment. He fails, he loses everything he has. So, I think I am more inclined to cut him slack and believe his honest intentions are pointed in the right direction. Hope this helps your question, J. R3
J, you mean like Marriott? Can be misleading, huh? I would not be putting my name up without insurance. Got to get that, imho. R3
J, I don't think many would serve if the insurance wasn't in place. You don't want to announce until people are in place and covered. JMO. R3
I am totally empathetic to SP and to the sh's. If you were to ask me what does SP get out of a dying company, I would say he probably gets bankruptcy. NO ONE IS MAKING A KILLING BY SEEING THIS COMPANY GO UNDER. (And by the way, Shiva's college money is SP's savings. He wants his son to go to college like most of us do.) So, IMHO, no one has looted the company, but has spent the money trying to put forward Tivus' technology. Marriott probably has not been unreasonable giving Tivus this chance, but out of a $70 million redo in Philly, they didn't want to spend a dime helping Tivus get this job done. IMHO, if we had a normal contract with Marriott, our share structure would resemble 2-300,000,000 OS and the share price would be in the pennies. Marriott has pushed this fledgling company to the edge and SP believed it was our best shot. Which one's of us would have made a different decision???? Not me.
So, worn out shareholder's I understand. If it makes you feel better to attack, go to it but keep it polite. Just realize that after doing a tad more listening, I have come to the conclusion that SP is doing his best with few resources. The next 6 months will be important. If Marriott comes through, we can join Gene Wilder in declaring, "It lives!" R3
Pac, months ago Marriott requested information/pricing about converting 70 other units if Philly Marriott pans out. This is already in the mix. R3
Let me follow through with another thing about ST. SP shared that part of ST's job is to arrange for directs, officer, BOD members insurance. No body of any worth will join a board or company without this VERY expensive insurance. So, just another piece of the whole picture. GLTA. R3
Let me share this. SP is getting tired of being called names. Some of the posters have been less than charitable, and some remarks have been racist. I for one, will have nothing to do with those kind of comments.
Secondly, everytime SP posts PR's they cost money. Hence, the tweets. He did share that he has cut costs by taking bus's. He is pinching every penny, raiding his children's college funds, and still believing this can happen. If sticking your neck way out to believe in your invention is a prerequisite for success, SP will succeed. R3
SP spent about two hours with me on the phone this a.m. He was very approachable and responsive. IMHO, this is a man who has thrown everything he has at this company. Literally, every dollar he and his family have.
Why are we at this level of shareprice? IMHO Shiva needed everything it took to install Tivus in the Philly Marriott. Because this was a first install, there were installation glitches including a major loss of service provider that we all know about and a major replacement of IBM switches that were not switches tested in the lab testing. Everyone can scream about how this represents cause for action, but talk about a fly killing a giant in legal terms: we all have to get real. We paid for everything in Philly and the final software updates will require another big effort in the next couple of weeks. Everything goes well with the ad insertion and there will be more challenges ahead with bigger potential. We all know that they have requested 70 other build out estimates.
So, everything we want to happen (BOD's, uplisting, new contracts) rests on gaining revenue. Shiva has been busy talking to many other people about many other opportunities, some industry shattering and potentially much bigger than where we are currently, but I don't want to pump our stock. IMHO, while we talk about Marriott being big, the other stuff in the hopper is closer to Apple than Lodgenet. The next 6 months should tell us a lot about if Tivus can come up with the money to make this happen. We are still alive, investors, and SP will gladly extend his invitation for anyone who wants to travel along with him to step up and he will share some stuff that is certainly "Big Time". As you all know, I am not an investment professional, but I am hanging in and will support SP. As I remember things, I will post. R3
I have been out of town and not necessarily spending board time. SP is in California and I will talk with him on Monday or when I can make contact. I don't do NDA's, but I don't think it best to start grilling him with board questions, either. Briefly, SP did tell me last week that the Philly trial is still going and not yet complete. I will extrapolate no further. I have one major concern and I will privately express that to him. Beyond that, I make no promises. I will check back in with any info. GLTA. R3
Here is the thing about this Freedom thing: there is another side that Tivus and SP need to adhere. Along with the freedom to comment, build a company, or post our opinions, is the RESPONSIBILITY to fulfill what we say we are going to do and perform. The law and most regulations give people freedom to act, but always within perameters of behavior that fulfill the investing communities' expectations. Those expectations are created by the company and in this case, SP. Investors read these and expect that officers of a company will act within these limits. No freedom is absolute, and anyone who thinks so is an anarchist. The difference in creating a company in the U.S. where law and regulation exists, and attempting to do the same in
Somalia, where anarchy and unrestrained "freedom" reigns. . . well, you get it. It doesn't happen! So when SP says we have a contract with $'s attached to it, we have a right to ask as investors, "Show us the money!" There is nothing disloyal in the question. SP has the freedom to claim he has this contract, and we have the responsibility to tell him we want this contract and it's dollar amount exposed to investors. If SP has some contractual limitation why he can't expose that information, then tell us that. If not, show us the money. Again, nothing disloyal in expecting our money bought us truth and a response from the company we all partially own.
Glta. R3
I will share all information I get from SP, ST, or anyone else.
I find that when ceo's provide their shareholders with information in a timely way and with professionalism, shareholders tend to be positive.
Blaming sh's for your poor performance kills more companies, and quite honestly, that type of response (IF SP feels like this) gives little comfort. I trust he realizes this is a public company, and not his pet rock. GLTA. R3
Wes, first one on the way. Let's see how this goes, and thank you. R3
Wes, thanks. I will email you with questions for ST. I would like to offer others the chance to do so, but I will decide what questions to pass along, and there won't be that many out of respect for ST. I am assuming he is busy.
We need to ask questions he can answer, folks. R3.
Jwez, why not just let ST address the shareholders and answer questions? Why spend thousands of $'s when all we need is a little CC time with ST? This is getting crazy! R3
Are you saying that this "trip" guarantees time with ST without an NDA and without SP hanging around to stop or qualify answers to questions? Anyone going into this having to sign an NDA needs a lawyer with them. R3
Jwez, have you personally talked to ST? I want to hear from ST. R3
Come on Tivus, let's hear from ST, a trusted EVP! R3
Let's hear from Steven Truckenmiller!!!! R3
Are you kidding me? Everyone makes mistakes and CEO's get fired for this kind of screw up.
Here is the answer: SP let ST talk to the shareholders and stop the BS (being silly). How many on this board wouldn't feel better hearing from ST? Chime in on this!! Let's hear from everyone. I am for hearing from ST, ST, ST!!!!
R3
I would be willing to put some money into a pot to pay for a forensic attorney who represents our interests and has a background in hi tech to go meet with Shiva. Anyone else just to get viable answers?
SP, seeing as how you read the board, give us all a break and get ST to do as I asked. That should not be a big deal, a trusted officer speaking for the company!! That is a winner, Shiva. Give us at least this. GLTY. R3
Jwez, this is not a logical offer. Going with SP on a "SHOW AND TELL" week makes no sense. What does make sense is for SP to release contract news (as in "Show me the money!"), clean up the financials and get everything audited and up to date, like a ceo is supposed to do. SP obviously feels he can snow people on a one to one basis. Besides, and please consider this. You could almost buy the whole company on the money you would spend on one week of travel, meals, and lodging. No, this is silly. Here is what I suggest.
1.SP is so busy, let ST talk to us, and have ST issue a statement that he has complete confidence in SP's leadership. I would even take that!
2. ST issue a statement affirming the viability of the Tivus system and it's future.
3. ST talk about the way forward. To date, all of SP's statements lack credibility.
Jwez, please call Shiva and pass this along. This has meaning, a dog and pony show offers us nothing but a fun week of wasted money. GLTY. R3
Any moment now, you just wait and see! Tivus will charm us with the annual update correction, and the announcement about all the new talent SP has "hired" with little or no money coming in and with no paying contracts. SP, pull this one off and we will call you Houdini! R3