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Well someone is trying to sell at 14 it's just that no one is buyiing. You have it backwards by imagining that a short seller is trying to sell even more shares. I don't have to imagine anything - I can see waht's happening.
Just answer my original question. Why why would anyone short and fearing a price rise try to sell even more at a higher price?
If I were short I'd try to lower the price by selling at the offer to further lower the price.
You did not explain. Not in the least.
I didn't think you coulod explain.
Please explain why a someon short, fearing a price rise would try to sell more????
He would maybe buy at the bid to lower prices, but not sell more at a higher price.
Makes no sense whatsoever.
I don't know what would happen. Depends on the profit and whether it came out of audited financials. As for dividends - highly unlikely. But if they happened the sp would definitely soar.
Tell me what would happen if they came out with a losing year?
First no one NEEDS to buy any shares.
Second, you say thay are going like hotcakes. You mean you think they WILL go like hotcakes. Big difference.
Third, you say the company doesn't care about the share price. That's true unless they need to raise funds to grow.
All these assertiions are simply your opinoin and not related to anything real about this company.
Saying you've ben in it (stuck) for years is not a great recommendation of your stock picking acuman.
You see then going like hotcakes? Very few shares sold at $14 in the last month or two. No buying and no ability for the seller to get money out.
Just because ne NEEDS $40 a shares doesn't mean he's going to get it. Nobody can tell if TEVE is going to be a great success or go under. Just not enough information or suficient history. Only time will tell.
I doubt very much that TEVE is a scam. It's a small company wtih no money battling giants with unlimited resources. That's not easy. Staying dark does not instill confidence in the company however.
It's not about you Joe. It costs nothing to post the financials on their website.
Actually it's $24 with commission. Not worth it.
What about the desperate selller trying to get rid of 5,000 shares at $14 for weeks and can't?
That makes no sense at all. If he wanted to take the price down he'd be selling at the lower bid price. Trying to sell at a higher price than the bid is not doing anythiong to the price.
I've been trying to get an answer but you don't seem to have one. If I am the one trying to sell but no on is willing to buy then I'm not happy. That's not good for the shareholder who may have bought years ago and now can't get out.
Pretty obvious.
What's great about a shareholder not being able to sell the shares he bought if he wants to sell his shares?
It may be great for you but not for the one trying to sell.
No I don't think someone is trying to sell short. I think someone has those shares and is trying to sell them.
I don't think you know how many shares everyone holds. As agri pointed out a while back some new execs may have been issued shares or they may have issued shares for debt. I expect those are real shares owned by real shareholders.
I didn't say TEVE doesn't need money - you did. I have no idea what their financial situation is as they haven't posted AUDITED financials. And you don't know either.
Once again, the point is that unless a company is selling shares (as you said) the sale of shares by a sharholder does not provide money to a company. So there are three possibilities for the sale of these 5000 pllus shares.
1. The company is trying to sell
2. A shareholder is trying to sell
3. Someone is trying to sell short.
In any of those cases, no one is interested in buying.
And the seller doens't care if TEVE cares or needs money or not. The seller needs the money and can't get it.
Most likely a shares who wants out but is stuck.
What does the sale of shares have to do with Telvue needing or not needing money.?
When shares sell the money goes to the seller and not the company. The point is that no one is willling to risk 7 cents pre-split for TEVE shares. Someone trying to sell can't be happy that he's stuck.
Would you mind explaining what you mean by this?
5488 shares put for sale at $14.00 by someone who has dug a hole he can not get out.
Oh sure, but what does the NAB know? Nobody sells TEVE shares.
Oh yeah, and TEVE's Chair is a billionaire. Don't foget that.
It's not the money, it's the overwhelming tech capability. Apple killed Blackberry and Google killed all the other search engines. The smartest guys around. They can afford to give their technologoy away for free if they want to get rid of a competitor. I wonder it they even have Telvue on the radar.
Let me see. Google vs Telvue in cloud and streaming technology. I think I know who I'd put my money on. I don't think the $35 makes a difference when people pay $500 every two eyars for an iPdocut.
Will Google's Chromecast kill TEVE?
To give North Amercians a chance to participate without having to be inolved in foreign exchange charges? And it's cheaper than the big eschanges for no added benefit.
Good question.
I checked on BMW and Linde and their principal listing is in Germany on the DAX.
Yes, the non-existent shorts are quaking in their phantom boots. lol
So why put it up for sale if you're not happy with the price. Just pull it.
You once again failed to answer a simple question. Clearly you don't know who owns how many shares and are merely speculating and continuing with your fantasy that no one sells Telvue shares and the shorts are in trouble. You haven't been able to demonstrate that there are any shorts either.
Please explain how you could possibly know that no other shareholder could possibly have had the 5500 or so shares to sell last month. Unless you had access to the list of shareholders and their holdings which is normally only known to the transfer agent.
The value of those shares is less than $80,000, not an exorbitant amount.
It's true that 5,000 is about 1% of 600,000, but Joe and others are saying that there are only 55,000 shares available for trade (and TEVE shareholders don't sell)..
So 5,000 is 1% of those 55,000 shares.
Many have already proven that there are no shorts, you just refuse to accept it.
Just because Lenfest is a philanthropist doesn't mean he's going to give his company to shareholders which is what many here are hoping for or that he's going to donate his dividends, should there be any to them. He's more likely to donate them or his shares to a charity. That would at least give him a tax writeoff.
Where do you get the idea that the 5000 shares are shorted. Now you prove that one.
I don't think anyone is betting against TEVE as there are no shorts.
Hoewever they are pointing out that:
1. The company has gone dark for over a year which discourages investors
2. There is no short position in spite of continuous claims by some posters claiming there is large short position that needs to cover
3. The stock is hiighly illiquid so anyone buying will not be able to sell until that changes
4. Having a small float is not an advantage, what matters is market cap
5. Having one holder with 92% of all shares is also not an advanage as that holder can do whatever he wishes that can affect the share price which may or may not be in the best interest of shareholders.
It's true that if TEVE can demonstrate through audited financials that they are growing and profibable that can result in share appreciation. But they are in a highly competitive field.
I don't have time to check all your posts. Clearly you state that there are shorts and don't dispute it when your buddies do so, so you support the story for sure.
TEVE Short Position.
Zero.
See:
http://www.otcmarkets.com/stock/TEVE/short-sales
Enter TEVE and click on short position on left.
I checked a number of stocks including Apple and all showed something. TEVE is 0.
Microcap.
7 cents pre-consolidation as Jow likes to point out is a penny stock.
Whether penny stock or not the market cap is under $10 million. It's a microcap.
OK, I'll tell yuo. Someone with 5300 shares decided to sell. Period. Obviiously your assumption that no one has that many share is wrong as are your claims that there are only 55,000 shares and that there are loads of shorted shares.
So where do those 5300 shares of offer come from if not a seller?
You keep repeating your mantra in the face of contrary evidence. Here is someone trying to sell $70,000 worth and can't find buyers. So , yes, some shareholder for some strange reason wants to sell
You keep talking as if you knew every single shareholder and their thinking. I really doubt if that's the case. I thnk it's more like wishful thinking.
This also disproves the "shorty" myth. If there were any shorts this would be a great time to terminate their short position at a profit. Since there is no buying that puts an end to that story.
So two myths put to bed on the same day.
1. TEVE shareholders never sell
2. There is a huge short position.
Please let's not hear about that any more. SIMPLY NOT TRUE.