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Here is what I was saying the other day; If the price keeps heading south, there is no other way out with these convertibles but to have the company do a stock buy back or RS or increase the A/S. Steve obviously doesn't think any of this is realistic, but that's his job and I won't argue with him. But here is a good question for next week for Steve: If the share price continues to fall, what is the corporate policy to protect the integrity of Tivus from convertible dumping of stock on the market and maintain shareholder value?
There is one other caveat: Release information that reports revenue and/or extended early contracts with Hosts to equip more of their rooms with Tivus or sale of the company to a competitor. These would be preferable, but a long shot IMHO.
I would think that stock offerings to BOD members would suffice. We have 3,500,000 to QS. Besides, with the Marriott family involved in some relationship with Tivus, I would also think that there are a number of business people who would value having some relationship with them and this technology. JMHO.
Question for Steve:
Why hasn't Tivus established a formal BOD (Board of Directors) with audit committee and real oversight of company development? When can we look forward to this event? Thank you.
I do appreciate the work done here. The $2-3 million figure that Steve referred to came from their 2010 annual report. (I think it was $2.2 million) That was the money to complete the work in 2011 for the Hosts installations. Perhaps I misinterpreted the report.
Kudo's A-1. This has been a real bonus and our thanks to S. Haag. Classy, classy, classy.
I have been gone today. Wouldn't you know it. Put me down for 167500.
Perhaps this has been posted, but A1 could move into "pro investor" status and that could mess up what for him is a wonderful life of not being a professional investment advisor. I would love for him to get shares, but I think it would mess up his life.
My thanks to all for your efforts to help us clarify our questions and concerns. You guys (gals) are class acts.
Brian, I think what they have done last year is certainly admirable from a business perspective, and I think that is why this company got some really good support from investors, old and new. But like any other business, you can run too far, too fast. Case in point. If you sign agreements with really good companies and cannot fulfill the business end of things because you have no money, that is not a smart business move. If I had known that they were not going to have any revenue until 5,000 hotel rooms were online, I would not have invested so fast. I would have waited and maybe not invested at all. Why? The only way for this group to get the money is through equity financing or a buyout and no one is buying out this company with unproven technology. Actually, I view the AS shares reduction from 2 billion to 300,000,000 to be somewhat deceptive. Every discussion we had after this move was positive about how this company was going to have revenue and were in league with the "big boys", thus the reduction in AS shares. In reality, I believe if that number holds, we are facing a reverse split at some point because there is no way we have enough shares to fund $2 to $3 million in investment capital at .0125 through this year. It appears as though we are paying for everything and the bank account is pretty empty. Please, someone argue with me and prove me wrong. I do want to be wrong.
Questions A1:
Who is paying for the installation of equipment at the Downtown Philadelphia Marriott Hotel? Marriott or Tivus?
Tivus announced a $1.2 million contract with the Doubletree in Omaha, NE. Under what terms does any of this contractual capital flow to Tivus?
Thank you.
I will ask questions later, A1, because you have a boat load already. I am appreciative of your efforts and the questions of fellow board members. This may be the most effective board I have seen in trying to communicate what is happening in a company.
I vote for public posting on the board for all investors to see. It avoids anyone complaining about a "closed club". It's all about transparency, and thank you also, A1.
None of the information we are asking here is insider information. It is basic operational material that the company should reveal to any investor. Besides, they have already publicly stated information that seemingly contradicts what has been published
"The Doubletree's system will be full-blown ready very shortly thereafter, guaranteed." This statement indicates the implementation of all services upon complete installation. But not now? Again, those of you with pull, get S.H. to clear up this mess that has every indication of pumping the product without being completely transparent. Besides, without revenue in 2011, this company will not be "Huge" this year.
Now that we know that S.Haag does answer some emails, those of you that have his ear PLEASE get him to answer these very pertinent questions. At the present, none of this is making much sense and by the way, ask him why DT would sign a $1.2 million contract without revenue coming online based upon other hotels bellying up 4,500 other rooms? I don't mean to be negative, but without questions being answered how can we be positive?
Look, go to their revenue scale that is all over the internet. Why in the world would a company start with room numbers that are significantly lower than 5000 and post those numbers? I only find that misleading. Economy of scale? What does that mean and why shouldn't I feel like I am being led down the primrose path with bits and drabs of substantive information being withheld and then given out only when Tivus is pressed to release some relevant and absolutely essential information? Is there anyone on this entire board that that knew about this before this pertinent question finally got answered? Who in the world would loan anyone $2.2 million to do this work based on no revenue until 5,000 hotel rooms are in place? That is ridiculous. Are they saying $2 million of revenue is of no consequence and we have to wait until we get a lot more income from more rooms? This does not make sense and is not adding up. If there is a reason to wait to turn on the system, we need more than "economy of scale" reasoning as a justification for this to happen, and those of you that have S. Haag's ear, please ask for substance and reasons. That cannot be a closely guarded company secret, and shareholders have a right to know this.
Please post the email address online for questions to be asked. My mistake was going through the company website and assuming "Contacts" really meant they would reply. I will not flood Steve with questions, but this new 5,000 room before revenue coming in is significant. Don't they think that would have been helpful for all to know this figure? As an investor, this should have been the kind of information made public and trumpeted so we could make adequate investment decisions. OK, so being long means more than a year out before we know if this company has a chance of surviving with no revenue and only low sp. This has gone from a long shot to a las vegas gamble, and share dilution has only just begun.
My thanks to all. It is reassuring that some communication is happening and thanks for the information. I know that no income will be forthcoming until around August. Wow, don't they think that is important to get that out?? I now know. Again, thanks so much.
Once again I emailed Steve Haag today at the company to ask a simple question: When does revenue from these projects start rolling? I didn't want a date, just what has to happen before revenue can come in. No answer, no response. I believe that Haag no longer represents the company. Can anyone verify if QS, Haag, or anyone besides Shriva Prakash runs this company? This is nothing more than an attempt to gain some information.
I think we all agree that the only thing holding back Tivus is Tivus. If they get their act together (audited financials, BOD of some consequence, transparency, etc.) this stock should climb nicely.
So many of these questions can't be answered for six months. The entire complexion of this company could change on a dime with one substantive announcement: revenue. As far as share price, I am looking at companies that are penny stocks that have multiple penny amounts that have no contracts and absolutely no sales, and as a matter of fact, no proven technology. Tivus has it's problems, but I would say that the risk to reward ratio at this price would indicate a .05-.10 range. So yes, while I am a critic of the running of Tivus, this stock is very much under priced BASED on existing contracts with first rate corporations. I don't think that either DT or Host would have signed on without some cursory review of the tech by capable people and their strong business belief that this would benefit them and give them an edge in the world of business. These folks just don't gamble their name and reputation on "what ifs".
I appreciate the fact that everyone here is posting their views and concerns. I know we can see this as negative or positive, but all of this information or speculation, gives us a reason to buy, sell, or hold. I am long for the next six months because if their revenue projections start to come in, 1. the value of the stock will certainly head north, and 2. the company will have a much easier time finding financial support. According to their own figures, a 1400+ room hotel will give them enough revenue to move forward on other projects. The Marriotts will signal if the money is coming in. They will either sign other deals or buy the company and convert the tech. for their own use and profit. In all honesty, why would Marriotts leave this little company alone when there is a killing to made in their hospitality industry? For now, if we believe the tech has a future, it is the time to buy, buy, buy. IF this company pulls this off, now is the time to get the edge on share price. IMHO, this is the time to invest for success.
Yes Aitrus, this is what happens when the company gets slack in their obligations to shareholders. I don't mind the failure to release information on the progress of the company as much as just not responding at all to inquiries. That is not speculation, that is just bad business. Still hoping for better business days ahead.
According to Tivus own projections, the completion of the Downtown Philadelphia Marriott should bring in revenue on an annual basis that will more than cover their projected money needs in 2011. If those numbers are close and they can begin to report results, they should have no trouble landing any financial package. The key is to publish those results. Who knows, the best thing that could happen is that they blow those numbers off the charts. That's what we are all hoping for.
I just wanted to say that this is the pain and great fun of penny stocks. It can be intoxicating trying to sort through the puzzle small cap companies present to try and land the golden egg. May this company be a golden egg.
I do not intend to bash, so tell me Irish what facts have I quoted that have a negative spin? I do want to ask pertinent questions, but realize that "positive/negative" is in the eye of the beholder. I do own substantial shares, but don't want to look at this company through rose colored glasses. If you feel my "spin" is negative please take my facts and build a positive case. I sincerely would appreciate it and will be more than happy to take the criticism.
As long as Shiva isn't a crook, I can ride this stock for six to eight months. I do NOT like this big payout he and his pal arranged for him when they state "We need money to pull off our business!" Then you don't deserve $176,000 bonus!!!! That doesn't look honest to me. He needs to redeem himself asap.
JD, Marriott does not sit on our BOD. There are only two people. Marriott is removed from corporate problems, except his family may end up hating him if this goes South!
Nathaniel, the real problem is that ceo's can hide behind bankruptcy or resignation if they totally mismanage these kinds of things. He will never be held personally responsible for any corporate mess up. But, I am long and will hold despite the fact that my better judgement says get out now. I think he is a bad manager, but may be a tech. genius. Time will tell.
It is critical to remember that stock investment is future looking. BOD says you have confidence to have all your business decisions reviewed by competent people. Of course, maybe no one wants to serve on a BOD!!! Apparently Doug Marriott wants to keep a distance because he is serving in some "advisory role".
Posting of 1st quarter revenue would be helpful, if only for PR reasons. 900 rooms are online. What are they bringing in for revenue for Host and Tivus? You want share price to go up rapidly, ANNOUNCE THIS!! Auditing financials would be a confidence builder. Improving communications with the SH's would be a big step. The company (with one employee) doesn't respond to any emails because . . . THEY CAN'T!! I could have hired six people for Shriva's big fat bonus. So why have a place to contact the company online? I bet if I had $2.5 million Shriva P. would pull several muscles making contact with me. But right now, and without adequate communication, no one will talk business with TIVUS until they clean up their act and start acting like a legitimate enterprise. If the tech is good why are they handling this like it is a pump and dump?
I cannot see this stock rallying based on what is essentially an upgraded Sept. report that is again, unaudited. With no BOD of any consequence overseeing corporate decisions and Shriva giving himself an extra $176,000 above his compensation, this just doesn't look good. I am sorry, I want desperately to be positive on this company, but it seems to have gone from positive and building to stinky pinky within the last couple of weeks. No communications, no revenue reports (which would begin to resolve many questions relative to this technology working and share dilution), and hiring of QS to pump what is, at this point, unpumpable, all contribute to share instability. Nothing I say will move this stock up or down, but what this company does relative to revenue will do everything to move it forward and establish credibility. For goodness sake, get a real BOD asap, Shriva. And I don't mean some phantom board with Doug Marriott's name attached. Get people in there that can help guide and oversee this company for the SH's.
OK this is unaudited and most was published in the Sept. report, also unaudited. Not worth much. Also, Shiva walks away with a $178,000 gift above his compensation. I cannot be positive with this type of information. If they have said nothing because of this, it is because this, unfortunately, has all the marks of a company going bad. No BOD to oversee except a friend of Shiva and money going out with no money coming in. I would really like to be positive, but I can't with this. Host properties better start some cash flow or we are screwed. I am holding on purely because of the Marriott involvement. We should know by mid-year, but they better get something audited and quick. This is merely a Shiva Prakash report.
I hope we are alright in the long run, but the little experience I have with pinks tells me that when a company goes silent, it is almost always bad news. This is for sure; there are no other contracts to announce, no financials being released, no word on how the tech is working on their current projects, etc. There is just no news and OS keep going up and bad pr from QS. I don't think I can spin that positively. Wish I could. GLTA
No one selling, no one buying at this price. Everyone appears, with my limited knowledge, to be waiting on news release. Anyone have a different take? GLTA
Either way, we can only blame QS for failure to perform. Can't blame them for getting a great deal from tivus! If I was a ceo for Tivus, I would be consulting my attorney for discharging QS for failure to perform and getting those shares back.
Now, with no news at all one can only begin to speculate that there is trouble in the technical platform. I don't know this, but this is the type of thing that people begin to speculate about when there is no seeming direction in a company. This is where QS is really doing Tivus a disservice. Tivus, do you have a direction as a company or are you just hiding some critical problem? From feast to total famine in corporate direction!!!!
Well I Don't know about this company so I will refrain from making any educated comments. Just looking at what they have done to date and giving an ignorant assessment of their work I would say can anyone spell "R-I-P O-F-F"! I do not intend to be offensive, but there is no evidence of services rendered, JMHO.
To ID and Dimon, what are your takes on today's trading? There did not appear to be a ton of dumping and I guess that if I was heading into the weekend with the price holding still, is that good or bad? Outside of no financials being reported, I respect you two's comments as much as any.
Can someone tell me what role QS plays in this equation? I read their posts and they just keep saying the same thing over and over again. Surely Tivus isn't paying them anything, are they? GLTA
ID and dmo have certainly added great strength to the financial discussion. Kudos to both.
Thanks ID. I am trying to learn a lot about this company and deciding on how much more to buy, or just hold. I love the company profile, but have seen good profiles before only to have the tech not perform. That is why I am anxious about their performance. GLTU, too!
Have I broken a rule by asking questions, owning tivus and not posting on other sites? If I have I apologize.