pissed off but remaining hopeful
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Risk, Great points, but quite honestly, my impression is that SP has no intentions of telling me anything more than what he makes available to the general public. His only response to me when i questioned him about what was going on with the JV in India was that the trash talkers on IHUB have no clue as to what is really going on there, (for the record, I would agree, since we really have no clue because he hasn't disclosed anything). I told him as much, telling him he could clear that up real fast if he would elaborate on details, he replied with something along the lines of "There are too many Steve Haags out there trying to steal our technology and recreate their own version of TIVUS". I have chosen to forego pressing for information that SP is unwilling at this time to disclose. Most of our conversation is focused at a possible business opportunity to Grow TiVUS tremendously. It is just an Idea right now, but potential is really BIG. I am working to get a foot in the door with a point of contact, then SP can sick his sales dogs on it and see what we can come up with. If it works out, I will share.
I have orders in for 100 million of those trip 1's but rational thought leads me to believe they will never be filled. The only 1's being sold are by Tivus. I just wish that Tivus had a direct buy program. I would buy every one they are willing to sell for .0001. sucks that we have to pay the middleman.
DMO...Help me out here, before you suggested it, I never would have imagined a PR that discloses compensation details for the BOD. I am admittedly very much a novice to penny-stocks, but is that normal to see such disclosure in a PR? Wouldn't that info be more likely to come out via some type of shareholder meeting? I very much agree with your point, that it is shareholder business, since we ultimately are the one that are paying them, but wouldn't we more necessarily see these in the financial statements instead of just a public announcement that announces the new BOD? I hope that doesn't come off as challenging, those are questions of understanding, not a challenge of your intelligence. on another note, What is DOL Insurance? When I google, it comes up with Department of Labor, but when I read it doesn't seem to fit what SP was referring to in the CC.
Nice post...very well said....I hope that Mr Prakash understands your point. This BOD pr is the game changer. If he fumbles, there are no do overs. Folks here are not as loyal as you Steeler fans. These names need to be as big as he suggest. "Names affiliated with Billion Dollar Companies". DOL insurance goes into effect on Saturday, do we see the names on Tuesday?
You will have to forgive my ignorance on that. I honestly dont know enough to know the difference. And quite honestly that took up such a small portion of our discussion, it is of only small concern to me. SP and I are talking about a way bigger idea than ten measly hotels in a country far far away. I will not go any more into detail. Right now it is only an idea, but I am doing some homework to see if we can make it pan out. I am not a person big on secrets decoder rings, as soon as it looks to be more realistic, I will be more clear. Right now it is simply my own project, if we can marry it with Tivus then I would love to get it done.
Actually I dont know, all I know is as he explained it is very complex...and that the indian company is very much an extention of us based tivus....only necessary to do business in india much easier than a us corporation trying to do business internationally. The bulk of our conversation was on another subject that I (NOT SP) am choosing to not talk about on ihub. If you would like we can discuss confidentially througj emails or phone tommorow if you like.
unfortunately, there are as many ways to run a business as there are people that run them. No matter how he chooses to run it, he is never going to satisfy everyone. There are certainly things i wish he would do better. until today, I have never had a chance to express those things to him. SP and I have exchanged several emails back and forth today. I would stake my life on the fact that what was released about Puerto Rico was factual. however if you are referring to it vagueness, well i would tend to agree with you there. but he has to run with what he has, and given the past history with content providers and the different changing elements of a complex multi hotel agreement, i think his discretion in limiting the amount of information is actually the smartest move. Granted it doesn't make SeeYA and JPR jump for joy with excitement, but then again, short of every little detail, I am never gonna be truely satisfied. and that really isn't realistic either.
Not sure that you can classify SP's PRs as CRAP. Most of the time they are admittedly vague, and almost always forward looking, but hardly CRAP. and always factual. I don't believe that there is a single PR that has even been proven as false.
That being said, There is no shortage of CRAP arising out of this board on IHUB. daily, I tread through mounds of crap just to get to relevant information that some board members post.
I am sure that someone will be quick to point out that I also have done my share of posting CRAP. unfortunately I can't take back all my post, but I would if I could. All I can do is be positive from here forward
JSTEEL.. thats fine, just wanted to offer...but I do understand. You and I come from two different worlds and it is often hard to find common ground between two individuals with such unparalleled lives. but at the end of the day, we are still human, and some days are better than others. I don't like to see others struggle through hard times even if they aren't "friends". I sincerely wish you the best of luck in getting through your troubles, and if I might offer some advice, don't be afraid to lean on your friends and family to help you through your struggles.
Sincerely,
JPR
What would make you happy? Quit focusing on what is making you unhappy and instead focus on the things that are going to bring value to your existence. I was in that boat about a month ago with TIVUS, I was holding on too tight, and it was consuming most of who i was, and all of what i was becoming. For me, I had to let go of a bunch of shares to get back control of my life and who I want to be. I bare the burden of being wishy washy for my decision, but that is ok, it brought me some solace. Admittedly after i sold, I literally BARFed, but then I immediately felt a huge burden lifted off of my shoulders. The reality is now if I wanted, I could buy back everyone of those shares I sold today at less than half of the price i sold them for. I have bought back a few more, but I don't think i want to come back to the level i once held. TiVUS like most pennies, is a lottery ticket, rules hardly apply down in this world, and very little ever makes much sense. If you need to step back, if you want to talk about it off line, reply to the email I sent you last week.
LOL JSTEEL what about the 366th day? it is leap year you know.
http://www.tivus.com/download/ConferenceRecording-12020919-853047.mp3
try that link. if it doesn't work let me know, I will figure something else out. If you or any other person out there that has not been able to access it for any other reason wants to find a way to get me your address, I will be happy to send you a hard copy of the MP3 on a CD-ROM at my expense.
I do admiit that your assessment of my wishy washy nature IRT to Tivus is spot on. I have in fact bought and sold 100's of millions of shares in the past. and I am back in Accumulation mode.
I am not real sure what questions I can really answer at this point, I just choose to give SP the benefit of the doubt at this point, That may change, if the anticipation of Sept's events don't pan out. But for now, I am back in whole-heartedly.
I am presently in dialog with SP, seeking clarification from him, on all the negative insinuations that are flying around about India and the nature and relationship of the "indian" version of TiVUS. Hopefully he will respond "Soon" LOL.
regards
JPR
link up top not working try this
https://docs.google.com/open?id=0B0ik3BEckutoUmgyemtCQ0g2cGc
under "NO PREVIEW AVAILABLE" click on the "DOWNLOAD" button
That caught my eye to, but when you bother to read it a little closer it shows (dd/mm/yyyy) unlike what we here in the USA use (mm/dd/yyyy)
It appears that this has been in the works at least since January of this year. probably longer.
A's & 8's, In response to your last paragraph:
What do we own? Where is the money going? Is he selling shares to fix the problem that supposedly exists in Philly? Does he even care anymore about Iowa and Philly? These questions remain unanswered.....new Shareholders keep coming but for how long? How many noteholders are there left? What exactly is the equity financing? Is there revenue coming in? These are questions that can be answered that will help the pps and then make selling by Shiva meaniangful. This crap of pump and dump on BS is/has killed/killing this once great idea.
Hang on to your socks, today is the day. I can already feel the g-forces accumulating. We are looking at a double on the opening bell. NEWS is certainly making its way around the internet. If the buying stays strong all day, we are definitely looking at a green close.
Yes and at one point I owed 149 million shares, but I made a big boy decision to sell most of them, to keep my mind and a good deal of my grannies capital intact, at a share price well above this one. I shared my reasons for selling with most on this board. but at the end of the day it isn't anyone's business but mine. If you want to try to drive this into the ground, by all mean try away, but seriously in my opinion the only way you could kill this company is put up a lot more capital take over the majority and drive it there yourself. Not sure why you figure you are the savior of the world from tivus mistakes? But hey everyone needs to seek out their own purpose. just glad that isn't my purpose in life. Don't waste a post replying to this, because this conversation is over. Have a nice life sir. until you can bring value to Tivus, your post are on ignore.
Gotta love spies, Spies revel yourself
I agree that we all are looking for results. I agree that we all have varying degrees of dissatisfaction with various avenues of the Tivus Operation. I have no problem with post of dissatisfaction based on real and tangible evidence that is presented, but when we start interpreting evidence and even twisting it to make our arguments or discredits others, then we have bigger issues. jumping to conclusions without facts has a snowball effect. for example, a PR of a contract without numbers, does not necessarily mean that the Management intentionally left them off to deceive shareholders into believing there is more to it than there actually is, or that they are trying to hide something. I could mean that, it might mean that, but it could also mean a good number of other things as well. when we take those theories and grow them into rants and raves. we are acting like a bunch of teen aged school girls that are picking on the ugly duckling. if you don't like something, say it and say why. no real need to hold your tongues in here as long as it is factual, and you are willing to own your statements and not hide behind anonymity. There is no place for personal attacks on anyone, and I think that as adults we can find ways in mature manners to express our dissatisfaction without bullying anyone. Honestly, I think that Tivus has enough startup problems without myself or anyone else creating more problems out of thin air. Sorry I went a penny over, so there is my 3 cents worth.
I certainly understand your not wanting to sign an NDA. I see no reason to believe that one would be necessary to discuss concerns of leadership. NDA's cover secrets, LOL, I don't think there is any secret about how you feel.
Dump Diver, SP gave shareholders the opportunity to discuss these things at the CC, and you were quiet on that day. He has also expressed that he would be willing to discuss any of these things with you if you would like to contact him directly. Please be so kind as to direct any of your disappointment directly to Mr. Prakash. Quite possibly he will have more input and feedback for you on your expressed concerns for his leadership and ability to run this company. You are certainly more likely to get answers from him than you are just venting frustrations in here.
Pac, I don't buy that for a minute. you can bet that when the Canbay properties went in with tivus to discuss the contract, I would stake my life on the fact that there were revenue projections and $$$$'s tied to it. You can bet that Cambay did not sign a contract without evidence of market and site surveys showing figures that made smart business sense for them. sure they are guesstimates, since no one does what tivus does, but there is definately data available. I don't let a magazine salesman put a mag or book in my business unless he can provide hard numbers on how it is going to build my business. Cambay aint going to allow a IPTV SYSTEM INSTALL WITHOUT IT. Maybe, SP doesn't want his data to be public knowledge, and i get that, but to say that the data doesn't exist is just "Hogwash"
Ok so now we are up to 2400 rooms total "under contract"...will be really interesting to see where the other 297,600 rooms come from that SP mentioned. at CC he stated 300,000 rooms. I am ready to see them, I am pumped up. BTW, it seems the old revenue models have been gone for sometime now, does anyone know if there are new ones, and what they are. I am sure they can't be much different, because Philly still happened despite the content provider change. A condition of them signing the contract is that the system is meeting the stated revenue. at CC, SP stated that revenue was proving itself. What is the Revenue model now. Is it the same for India, or is it drastically different? Is the revenue model different than it was last December? ????
770,000 rooms available. How many of these rooms does Tivus get with the 10 hotel contract? This doesn't say much??? There really isn't any news in telling us how many there are if you don't tell us how many we got. Just sayin'
I am second guessing myself now, maybe it is 1 million shares of Preferred Stock with 100,000 issued. but even then that is only 10 million votes. 10 million votes is only .3%
You might be right, but I certainly don't think that is the case. the way I understand it, preferred shares hold a value X10 to common shares. There are only 10,000 shares of preferred shares issued. and that is amongst two shareholders. that accounts for 1 million votes. there are a couple of people here that hold over 1 million shares. and additionally, the article I cited, it specifically states that in order to increase authorized shares, a vote is required in each of the classes.
Some smart person please help me out here?
SP officially announced in the CC that management had made the decision to increase authorized shares to 6 Billion. We already knew this because some rather savvy individual actually made a phone call, and got that info within a few days of it occurring. SP stated that this was necessary for the company to move forward and meet the financial obligations in order to meet specific milestones for positioning TiVUS for the future. While I do believe that that might have been the best option available to TiVUS at the time, I was fairly certain that it requires a vote by the shareholders for that to happen. TiVUS certainly has a list of SHAREHOLDERS Names and number of shares held.
http://www.startupcompanylawyer.com/2007/08/07/what-stockholder-approval-is-necessary-to-complete-a-venture-financing/
What stockholder approval is necessary to complete a venture financing? August 7, 2007
Most venture financings require the creation and issuance of a new series of preferred stock. This typically requires an amendment of a company’s Certificate of Incorporation in Delaware (or Articles of Incorporation in California). The stockholder vote requirements for these actions are governed by state law and the Company’s charter (COI or AOI) and bylaws. The stockholder vote requirements under Delaware law and California law are outlined below.
Delaware
General. Delaware corporate law provides that an amendment to the Certificate of Incorporation requires the approval of a majority of the outstanding stock entitled to vote and at least a majority of the outstanding stock of each class entitled to vote as a class. (For example, common stock is a class, and preferred stock is a class.) The shares and classes entitled to vote are determined by the Certificate of Incorporation.
Class Vote Requirements. Delaware corporate law provides that a “class vote” is required if the amendment to the Certificate of Incorporation does any of the following:
• Increases or decreases the par value of the shares of the affected class(es) (subject to certain limited exceptions);
• Increases or decreases the aggregate number of authorized shares of the affected class(es); or
• Adversely affects the powers, preferences, or special rights of the shares of such class.
For the purposes of the class vote, different series of the same class are not treated as a separate class unless the amendment to the Certificate of Incorporation adversely affects the powers, preferences or special rights of such series. The position of a class or series of shares relative to other classes or series is not a power, preference, or special right of the shares, so that the provisions granting a class vote where the powers, preferences, or special rights are affected adversely do not apply to an amendment that creates a class or series with rights, powers and preferences prior to those of one or more existing classes or series of stock.
Though not expressly required under Delaware law, the holders of common stock often have a vote when new senior preferred stock is issued. This is because the corporation typically needs to increase the authorized number of common shares to allow for the future conversion of the newly issued preferred stock into common stock. If the corporation already has sufficient authorized common stock to allow for the conversion of the new preferred stock, a new class of preferred stock could be created without common stockholder approval. In addition, the number of authorized shares of common stock may be increased by a vote of the majority of the outstanding stock of the corporation if the Certificate of Incorporation allows. Most typical Certificates of Incorporation for venture-backed companies provide for this flexibility to avoid a separate common stockholder vote in a future venture financing.
Practical answer.
Generally, the necessary stockholder approval for a venture financing for a Delaware corporation (assuming properly drafted articles avoiding a separate common vote) will be (i) a majority of all shares on an as converted to common basis (due to the general stockholder approval requirement to amend the Certificate of Incorporation under Delaware law), (ii) a majority of all preferred stock on an as converted to common basis (due to the need to authorize additional preferred stock triggering a class vote), and (iii) any other approval required by the protective provisions in the Certificate of Incorporation, such as a separate series approval or super-majority approval.
Where is the official count for that vote? Why was I not allowed to vote? Does management even hold enough of the previous 3 Billion shares to make that vote on its own. Even if We don't have enough votes to stop it, as shareholders, We have the right to voice our opposition, and be heard on the matter. I wonder how many shares as IHUB posters we own collectively?
Any one with more knowledge on this subject want to weigh in here, Please?
I don't recall that PR ever being released? Was the LNET meetings some super secret disclosure he made to you when you guys were all buddy buddy? According to Bloomberg, LNET's market share is 1.6 million rooms, a few more than the 300K that SP hinted to at the CC. I am not calling anyone out, just trying to wrap my hand around the big picture without too much speculation. unsubstantiated speculation seems to be the biggest proponent to people getting discouraged here, and I am quite fond of the renewed hope that has been established in the last week. I really don't want to start jumping to conclusions only to be dissapointed when it doesn't pan out the way i imagined. The only facts that remain at the end of the day are what SP tells us himself.
I have E-Mailed this idea to SH and SP in the past, but have never gotten any type of reply from anyone at TiVUS. SP announced at the last Conference Call, that they are exploring more ways to go with TiVUS. and they are always open to new ideas.
My suggestions was to utilized the TiVUS service in the US Military Housing developments. These areas, both family and single service member units have recently received large sums of money to upgrade in increasing the quality of life of our service members and their families. These housing areas represent communities ranging from 350 studio style apartments to entire villages with over 1000 single family homes. Some of the larger bases have in excess of 50,000 separate housing units of varying categories for the service members. And they are located around the world. All occupants are military or family members, and therefore represent a unique demographic that can be marketed to with Tivus type advertising ventures.
If anyone has the ear of SP, run this idea by him, and let me know what he thinks?
At this point, a guess is all it would be, SP did not talk about size and when pressed for a time period he did not commit to a time. I would assume that the first of these should start seeing completion in just a matter of a few months. but I am not banking on this. I have no idea if they are working on all ten, a few or just one at a time.
I hope that SP starts sharing this kind of information with us as these details start getting firmed up. It is my opinion that these are the kinds of things that should be released to the public. Actual news of the goings on of the company. The forward looking statements are nice fillers at the end of PR's to announce future direction, but PR's that actually explain what TIVUS is doing today is what we really need.
I certainly think that releasing a PR that says something along the lines of:
"TiVUS has begun installation at the #$%^&& Hilton in PraKash Province, India. This installation will add 623 rooms to the TiVus inventory with an expected annual revenue $900,000.00 to be shared between TiVUS and the Hotel. Project is on schedule and expected to be complete Mid-January 2013. TiVUS is surveying sites in Seychelles, and currently working with 3 top airlines on delivering content to its loyal customers."
Would definitely be better for the company than what we have has thus far.
of course that was a suggestion on how I would love to see future PR's, it was not intended to mislead anyone into thinking this news was actually released, It is definitely not factual, and is intended to serve as an example of the types of PR's I would like to see.
Whatever, thank whoever you like, just don't thank me, All I did was post a link.....apparently I am a big douche bag anyways...some how It is my fault that somebody else can't download the CC...really people? plenty of people can download it just fine. I find it funny that the same people that can't download an MP3 are the same ones that can't figure out how to log into tivus, get a phone number and a digit code to enter at the prompt. And some of these are the very people talking about how big of an idiot SP is? Really???? who is the idiot here? WHO ARE YOU KIDDING?
Guys if you are trying to open with internet explorer this might be your problem. Try using another browser. I use google chrome and it works perfect. several others are able to access just fine. It has been getting a lot of hits so server may not be able to handle all the traffic. I cant do anything about that either. Someone who was able to get it to download may not have 25 m limit on their email, maybe they can send it out
No thanks necessary, Only passing on this information for those having issues with obtaining it. The Thanks should be directed to Mr. Prakash who released this recording. I am guessing by the volume of activity at the site, there is alot of listening going on right now. That might explain the silence here on the IHUB board. Hope you all have a great weekend.
Let me know if that works for you or not, I will figure out a way to make it work for you if it doesn't.
a link to the Conference call can be found here. It appears that some of the blank spots have been edited out at the beginning and end of the audio, but everything else appears to be unchanged.
https://docs.google.com/open?id=0B0ik3BEckutoUmgyemtCQ0g2cGc
hope this helps some of you, that are having problems.
jpr1969
Chris, as soon as i figure out how to compress the 28 meg MP3 of the Conference call I will send it to you.
Chris,
the link is in your email. I finally found the ones you sent Sorry about that bro.
jpr
p.s. if it doesn't work, let me know, I will send you the mp3 via email.
Sorry for all the edits, that was my first time doing that. I guess it is amateur hour....LOL
Link is posted here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78878987
You can skip the first 15 minutes or so, recording started at 4:00pm but meeting didn't start until after 4:15, just alot of people dialing in.
not sure how to sticky it?
WOW!!! just listened to that CC link that was posted. Sounds like a lot of those "What If's?" that were posted yesterday were actually brought up in that CC. I am really surprised that nobody (that was in attendance at the CC) spoke up. Sounds like a lot has been happening behind the scenes, and Philly is just a SMALL piece of some bigger action that has been occurring. I am 100% sure that we will see some more dilution over the course of the next few weeks. Bills and other commitments must be met to move this thing forward. My opinion, but I think an uplist and real financing are a coming reality as soon as the "milestones" are accomplished.
Who knows? They could happen....they are just as much speculation as the "Crook" or "Scam artist" speculations. I just prefer to remain a little more positive in my speculation from here on out. no reason at all other than I got up on a different side of the bed today, and i like the way that it has made me feel. Guess I should do that everyday from here on out. Who knows maybe i will move to India and invent a nice curry wine to go with my Tivus.