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Let me clarify. I like SP, just not as ceo. We need a business person to run this company and take it out of the ditch.
I am not a crystal ball gazer, but let me make a little prediction: there will not be a bounce in this stock price until revenue enters the picture. These converts are going to keep dumping stock and making money and we will eat this until something of great importance (REVENUE!!!) occurs. Talk of vultures running out of dead meat to feast upon isn't realistic. Just expect further dilution and down stock price with manipulation, just like yesterday, IMHO. Sorry, because I like this product, just not SP. We need a new CEO, someone with heft.
Tennis, I am sorry. I did not mean to seem so attacking of your position. You do a great job and you are right, we all have to speak our minds. Best of luck to you.
A-1: February 26, 2011 Steve Haag quote: Steve mentioned that 2011 is slated to be "a huge year for Tivus."
Question: From the June 1 perspective, does Mr. Haag still hold to his prediction. If not, why not?
Rainman, tell us more of your impressions, please.
There is nothing anyone of us shareholder's can do to stop this. Are you going to pay more for shares? This is stinky pinky market manipulation brought to us by SP. The only reversal is NOT uplisting, but REVENUE!!!! This will just continue to fall until Tivus says we've got MONEY. Then, and only then, will it reverse. No more MOU's, no more promises of things to come, only contracts with CASH!! When everybody wants to hold their stock then it will go up. Not until. If you think it is a scam, dump your stock and get away from this and stop commenting on the board! Please, unless you have proof, don't become a savior of all us other poor dumb people holding Tivus. "Just the facts, Mam, just the facts!" IMHO.
FYI, on the news (and no, I don't know the channel, if it was local or national) last night two hotels in Vegas were approved for internet gambling; Ceasar's Palace and Wynn. This means customers can stay in their rooms and gamble. This fits nicely into the Tivus model. Has anyone heard of any discussions with Ceasar's Palace about the Tivus system? We do know that they have talked with Wynn.
Yes A-1, I had heard a rumor about Tivus and Host expanding and adjusting their relationship based on Host's satifaction with the current product in downtown Philly. I just don't see how any relationship will work without Host adding some revenue component (i.e. paying for initial installations in order to get to the revenue sharing model up and running) to bolster Tivus' business capabilities. And I don't see that happening without the current ceo moving aside and bringing in another ceo with business background and trust from Host. Personally, break my heart and move SP to product development and bring on a new ceo to run the business. That is a model I could live with, especially if the Marriott's have a hand in the new ceo. But please, NOT Habib!
I am still struggling to get the 12-14 million shares out of this filing. Can someone help me with this. I guess I see 5 million to Mr. Habib, but I don't get the other. Ignorance of the system on my part, so I apologize in advance.
A-1, can we get someone to update the Investorhub page on Tivus? "This one is going to be massive" may more accurately refer to the share dilution rather than the company's sp! Anyway, can that be done and also get the latest news up because Feb. of 2011 looks terrible. Better nothing than information that was posted thoroughly up until Feb. 2011 and then STOPS. My thanks for your oversight on the board. It is a thankless task.
No problem, Rainman. It appears to be sold to his buddy, but I am not sure I see 12-14 million shares. By the way, I always have a heck of a time reading these dates: is the "4" April or the day? In other words, is it April 5 or May 4?
I can tell you that an uplisting to the BB won't stop any stock selling at these levels. By the way, are these convertibles, other options, what? Lots of details missing.
Rainman, was it 12 or 14 million? We are talking what, $120,000 to $140,000 at the most.
Give us a link so we can all view this share explosion. No offense, but seeing rather than hearing it gives us a foundation upon which to ask questions.
Anything is possible, but if revenue isn't forthcoming (and this 5,000 room requirement was a real blow) we will face a RS at some point, or continued dilution UNLESS convertibles have been largely used up. I think the company can make it, but I do have worries that we have tech. people and not business people guiding this company. Time will tell.
The real issues for us are two fold: 1. Does Tivus have the money to finish their initial build outs and get to revenue? 2. Can the company get audits done, and begin uplisting to other tiers on the OTC? While sp is never irrelevant, I think we all know that if contracts are announced, revenue begins as projected, and business done, everything changes. I would suggest that SP get someone in who is a better business person. Perhaps his advisory board members are helping him with advice and he realizes that what happened on the convertibles was a mistake. I trust part of their advice wasn't issuing these convertibles.
Here is a question for Steve: Are financing instruments used in the past (issuing convertible shares) being considered for future financing? We should be able to get a yes or no to that, thank you.
For all who have served and especially those who did the ultimate in patriotic acts, have a blessed Memorial Weekend.
A-1 or DMO, is there anyway to know how many more shares of convertible stock are left on the board? I must confess, doesn't this have to be reported somewhere? Is it all hush, hush, or does someone have to be accountable? Thank you.
I cannot speak about the motivation of the owners of converts, but if I had to guess I would say that they are in it for the quick kill and on to other prey. I suppose that if they really thought this company would do something they would care, but I don't see this being their business model. These folks are the Gordon Gecko's of stinky pinkies. It's all about wreaking havoc and moving on. With all this, I still think the company has a chance to survive and build off this mistake. BUT, it has been a serious, serious error in judgement. SP needs to realize that whoever provided his business advice sold him out or got suckered too.
I am just going to hold on and hope that Tivus does a better job of selling their product than they do finding financing.
Another question: Is it in the interest of the convertible folks to kill the company by driving the price down, down, down? Do they intend to kill the company? Sorry for all the dumb questions, but these aren't obvious to me.
So here is a question for the board: Is it possible to stop the selling and driving the share price lower? If we are doomed to just be manipulated by these folks without recourse, why ask questions at all of the company? Does it really matter?
Here is an advantage; we know why the price is dropping. For now, we still have a good product that is desired. So, I am going with it. Have a good evening to all!!
A couple of days ago everyone was willing to be positive. Now it is like any other board. If this gets ugly, I am out, not on the stock, but on the negative nellies here. Nothing is built on this and you can't change it to positive by going negative. It will not help and I don't want to read the uninformed accusations. It is just that, so I plea for some perspective and wait for more information. JMHO.
I think we are venting for a good reason, but let's keep it as real as possible. Perhaps conspiracy belongs here, but I gave up on the grassy knole in Dallas a long time ago. I will follow DMO's lead and still believe this can be pulled out of the hat. Call me foolish, but negative conspiracy theories just suck the life out of people and I believe we still got an edge and a reason to believe. Bad management, probably; conspiracy just doesn't do me or anyone else any good. No one going to jail, besides. This is a pinky, folks. Always a long shot or the price would already be at $20's.
I have no confidence to buy more of this stock. I have shot my last wad until this company steps up and produces a reason to believe they have not just totally undercut the average shareholder. It is unfortunate that with this product, they just got bad, bad financial advice and worse yet, they took it. Perhaps they will recover, but it won't on a lot of blow and sunshine.
Great question, Irish! If this is the case, we are in for a lot bumpier ride and certainly should be explained. A1, this needs to go to Steve asap.
For the total, I am at 209,500 and holding from here on out. There are just too many questions unanswered at this point for me to go further.
Thank you, DMO. What you say makes sense, especially with the Double Tree delay. It also makes sense that the Wynn is in some form of discussions with Tivus. With 4,000 rooms in Vegas, they would kick us over the 5,000 rooms requirement if we include the Marriott Philadelphia project. Now, where does Tivus get the money for Wynn, if the deal gets signed? This I know: Steve Wynn is no idiot and if he gets Tivus, Las Vegas will probably fall like a house of cards to Tivus. LNET will be in big trouble, and what is a tough stock time right now, will make us all look like geniuses.
DMO, how important is it that Tivus report income? Could this reverse the slide in sp? In this, I am not sure I get the excuse in waiting for 5,000 rooms up before any attempt to gain revenue, "economy of scale". In normal times, perhaps, but not with the company sp and AS at 300,000,000 leaking like an old bucket.
Sorry to hog the board, but no one else is posting right now. One other thought. If people just stop buying this stock, can anyone give me the results of this strategy? I would assume that the price would have to head up because of lack of demand at low price levels. We all want good prices, but perhaps WE are the reason the price is dead. If we keep buying these converts as they are dumped, it seems to me (and I may very well be wrong, as usual!!) the price would have to head north to attract buyers. Anyone chime in, please!
Is "our lab" an independent research laboratory? If so, it would really not be "our lab", but our independent contractual laboratory services located in ..... Does anyone get the subtle, but truthful difference IF this is not our lab? If it is our lab, who is doing the research for us because I don't think we have any real employees? Just trying to get clarification and hopefully guide the company in being as disclosing as possible.
How many convertibles are left out there and how much more dilution are we facing?
Irish, it is questionable and on this will turn the future of this company. Income is the only cure for market manipulation of price. Income is king.
I have seen this before. These folks have no intention of letting the price go north. There is no "economy of scale" for them but to get all they can now, and screw the company and small sh's.
This is the type of posting that can drive you crazy.
"Tremendous interest has been shown in the Tivus solution, and the company is currently working with major hospitality brands, such as Marriott, Hilton, Hyatt, Wynn Resorts, and others, to become their preferred vendor for IPTV solutions."
It aims at something, but really says nothing. "...is currently working with....Wynn Resorts,...to become their preferred vendor for IPTV solutions." What that means is someone at Tivus had a meeting with Wynn and therefore they are "working with" them. I wouldn't read too much into this. They will announce contracts or binding agreements.
FYI, look at the s/price of Wynn resorts and the Sands properties over the last two years. Could have made some real nice coin if you invested in either of those.
Well, Wynn Resorts have around 4,000 suites in Vegas alone, and Steve Wynn is one of the smartest business people in Vegas. They are also in Macau, I believe. IF, IF they got Wynn to work with Tivus, it would be a real coup. While not the largest in Vegas, they are competitive in all areas, work very hard, and would probably cause the MGM properties to have to at least look at Tivus in order to compete. MGM is the monster on the strip in Vegas and dwarf all others. They have been having terrible management problems and have recently changed their upper management in some of their properties in an effort to be more competitive. They have a large uphill battle, however. I would choose Wynn over MGM just because of Steve Wynn.
I never got any response on our page on investorhub. Is this our responsibility to update this information or the company or who?
I was wondering why the information at the top of the introductory page is so badly dated and seems to end in February? Is this ours to monitor? If I was a new investor I would assume that nothing else has occurred with the company and go to some other stock. Whoever that is, we do need to update.
Information is always good to get, and at least this guy sounds like he knows what the company is doing. That is reassuring.