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Since the link >>>PROvided gives no >>>CONtact information for a legal department it would prove to be an impossibility.
A liar? This former director of Telvue doesn't claim trades that don't happen, make ridiculous claims of shorts or the existence of crack legal teams. He hasn't even threatened anyone. His comments are most certainly in line with the performance of Telvue.
Ahhh, so you can provide me with the contact information for this claimed legal department?
Retired?? A gift?? Let's look at the facts:
The facts cannot be disputed.
On January 11, 2012, TelVue executed a Debt Conversion Agreement with Mr. Lenfest. At a Special Meeting of Stockholders on March 12, 2012, the stockholders of the Company authorized and approved the Debt Conversion Agreement and the transactions contemplated thereby (“the Conversion Transactions”). The Company consummated the Conversion Transactions on March 16, 2012. $20,941,000 of the principal amount of the Notes and Science Note, plus $4,921,082 of accrued but unpaid interest thereon through March 16, 2012, was converted into 369,458 shares of the Company’s Common Stock (as adjusted for the reverse stock split disclosed in Note 6), at an adjusted conversion price of $70.00 per share. The remaining $5,000,000 of the principal amount of the Notes was converted into 14,285.714 shares of the Company’s Series A Convertible Preferred Stock.
6. REDEEMABLE CONVERTIBLE PREFERRED STOCK AND COMMON STOCK
The Conversion Transactions disclosed in Note 5 included the authorization of 22,500 shares of a new series of preferred stock of TelVue designated as Series A Convertible Preferred Stock (“Preferred Stock”). The Preferred Stock has a par value of $0.001 and is convertible into shares of common stock at a price of $70.00 per share at the option of the holder or upon certain contingent triggering events. The Preferred Stock is redeemable at the option of the Company or upon certain deemed liquidation events. Because the issued and outstanding Preferred Stock is held by the majority stockholder who has control over redemption through representation on the Company’s Board of Directors, it is classified as temporary equity in the condensed balance sheet. From the date of issuance, dividends at the rate per annum of $14.00 per share shall accrue on the Preferred Stock, whether or not declared, and shall be cumulative. Accruing dividends shall be payable only when, as and if declared by the Board of Directors, and the Company shall be under no obligation to pay such accruing dividends, except upon liquidation, dissolution, winding up or other deemed liquidation event to the extent there are assets available for distribution, or redemption of the Preferred Stock by the Company. The accruing dividends shall be payable in either cash or shares of Preferred Stock as determined by the Company, and in preference to any cash dividends to common stockholders. As of September 30, 2012, aggregate cumulative dividends in arrears on the outstanding Preferred Stock amounted to $108,494, or $7.59 per outstanding share, and are included with the Preferred Stock in the condensed balance sheet. The liquidation preference of the Preferred Stock at September 30, 2012 is $5,108,494.
IS TRADING TELVUE ILLEGAL?
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
An INSIGHTFUL and INSIDE look at Telvue from a former director.
http://www.glassdoor.com/Reviews/TelVue-Reviews-E21870.htm
Thank you Jack. I know who the CEO is and I already have his contact information. Again, I need the contact information for their legal team. I have already spoken with Telvue directly and was told that no such legal department exists so if you can give me a direct phone number and name, it will be appreciated greatly.
I wonder which will be produced first in relation to Telvue?
- The mysterious vanishing 2 share buy?
- Proof of a short?
Or
- Contact information for Telvue's legal team?
I think the easiest way to put this is just to say that this is a horrible investment opportunity and there are much better ways to dispose of your money. It's easy enough to go back 5-6 years to see that nothing ever changes with Telvue except for the value which decreases year after pitiful year. Same ridiculous claims of shorting, same stories, same excuses.
Yet over 5 years later, here we are.
>>>135 Shares of >>>>Telvue sold this month
*gee* thx for the info re teve lol jmo imho
It reminds me of tape painting and possible insider trading. It also is proof positive that it was the only trade of the day.
>>>CONgratulations to the seller!
Nope. Reminds me of the tale of Telvue's crack legal team. This is so transparent but also humorous enough to keep me entertained.
The desperation seems to know no limits.
Matters very little. I feel confident that most Telvue investors will in fact take the freely given advice and speak with their counsel concerning the legality of trading this security as it pertains to their own particular circumstances.
Sounds very doubtful lol. The statute of limitations on insider trading as it pertains to Telvue is 6 years by the way.
IS TRADING TELVUE ILLEGAL?
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
An INSIGHTFUL and INSIDE look at Telvue from a former director.
http://www.glassdoor.com/Reviews/TelVue-Reviews-E21870.htm
I've made no statement regarding the claimed profitability or float of Telvue, therefore there exists nothing for me to prove or disprove. That being said, I'm confident if any of these wild and unsubstantiated claims had any basis in fact, they would undoubtedly be posted.
I say very simply, prove it
Telvue makes money and has no bills.
There are 55,000 shares in the float.
It seems that all Telvue has is this ridiculous and utterly false short >>>CONspiracy which no one but a select few believe. The rest of the story such as the claims of profitability, revenues, and low float are likely false as well, just as the simple false claims of the existence of some crack legal team to the equally desperate PRO's who continue to spew this nss garbage. Telvue is arguably the absolute worst security to ever disgrace the pink sheets and investors are scrambling to find their way out of this tangled web of deceit.
In my professional opinion, as a member in good standing of the Florida State Bar for over 30 years, I would STRONGLY ADVISE consulting with competent counsel prior to trading this security period.
Jack stated on 9/02 that Telvue does have one and he requested that I contact them.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105871417
I have replied numerous times requesting their contact information so I could do just that. So far, no response. I've been anxiously waiting. I got so tired of waiting that I called Telvue and requested to be transferred to their legal department but unfortunately I was informed they did not have one.
lol *gee* but still waiting on the PRO's to show us a single shorted share re... this otc stox re teve.... looks like the only >>>CONspiracy re teve is that of the PRO's and the constant urging to paint the tape imo imho jmo jmho >>>>>>
All the wishful thinking in the world will not change the fact that there exists no short interest in Telvue and it is going downhill and fast. Investors desperately want out and will do whatever it takes to get out even if it means suffering significant losses now in order to avoid complete losses later. Investors are not even able to trade it without running the risk of being charged with trading. This has got to be one of the worst investments in the history of the pink sheets.
Perhaps you missed this,
An INSIGHTFUL and INSIDE look at Telvue from a former director.
http://www.glassdoor.com/Reviews/TelVue-Reviews-E21870.htm
Hey Jack. Good to see you. I'd really appreciate that contact information for Telvue's legal department. I am unable to satisfy your request in contacting them without it. I've called Telvue and requested their legal department and was told that they did not have one, so if you'd enlighten us and clarify this, we'd all be delighted.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105871417
I am also curious to hear more about your opinion that the insider trading issue is as you say is "moot". In my 30 years practicing law, I thought I've heard it all but I'd love to hear an argument on why trading while in possession of non public material information would be considered "moot". The law as it is written and rewritten is very clear and it would be difficult or impossible to mount any successful affirmative defense here in my opinion but I'd love to get your layman's take on it.
I patiently await your reply.
Interesting. 15 years of claiming a "massive short position" but the inability to show a single verifiable short. Got ya.
The begging and pleading to buy only a few shares of Telvue appear to have fallen on deaf ears. Perhaps it is the realization that the company is on an irreversible downward spiral, perhaps it is that no one wants the possibility of an insider trading charge, perhaps it is the review posted by a former director, perhaps it may even so simple as investors were lied to about some ridiculous short conspiracy or the existence of some crack legal team? All we know for sure is that
INVESTORS ARE DESPERATE FOR AN OUT
An INSIGHTFUL and INSIDE look at Telvue from a former director.
http://www.glassdoor.com/Reviews/TelVue-Reviews-E21870.htm
IS TRADING TELVUE ILLEGAL?
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
The desperation of some unfortunate enough to own Telvue is staggering. Investors are so desperate to get out that some have taken to begging others to buy a few shares just so they can sell 5 of 10 more before the fire sale begins.
Of course it was. You do realize that there is no human interaction anymore in matching buyers and sellers? It's all computerized. No >>>CONspiracy there.
Helloooooo Jack!
I was really hoping that you would get back to me regarding the contact information for Telvue's legal team as you requested that I contact them. I'm really excited to speak with them. Please get this to me at your earliest convenience.
No to your first question. It's just that pesky little thing known as an all or none order.
No to the painting the tape question. Arguably a complete and utter waste of $1400 though. I'm sure the seller was however ecstatic.
I can certainly agree with you on this. The desperation of those unfortunate enough to own Telvue stock is reaching new highs. Investors want out and if that means selling 10 shares at a time and recovering even a small percentage of their principal, they will do it. No one wants to be here when that 10k block at 01 starts filling.
IS TRADING TELVUE ILLEGAL?
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
100 shares sold so far this month. Got it.
*gee* >>>>thx for sharing......lol jmo imo jmho tia
The short >>>CONspiracy as it relates to Telvue and most otc stocks is a farce. It was fabricated by the PRO's for the sole purpose of fooling gullible investors in to buying into pink sheet scams or otherwise bad investments while they themselves sell shares. Don't believe me? Just look at the other positions that these *entities* have shared their awareness on. It's so obvious that you can use these *entities* to know what not to invest in, LOL.