pissed off but remaining hopeful
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Well JWEZ, I guess I will be here with you...I have already committed myself to riding this thing to .50 or the very bottom. Which ever may come first, I will be here demanding accountability for every action, and explanations for every inaction. SP has two ways to shut me up, Declare BK or take us to the top. He can whine and complain all he wants about what i say about him, but he can't make me sell a single share.
No DMO,
These are not "Very good points!"
They are very bad points. very bad.
One is one
a couple is two
but "a few" is at least three? Which 3 or more hotels did we install in in 2011? Half way done with 2012, where are we at this year?
"Preparing to uplist" ???
Preparing is the act of preparation.
Preparation is doing the acts necessary to achieve a result.
Talking about it requires no other action. It is not preparation.
Someone can tell you that he wants to be a US NAVY SEAL, A Millionaire, A CEO, A U.S. President, An UPLIST. But that is not action, it is a dream (and not a very good one)
Preparing means that you are putting into action a series of steps, and actively carrying them out to achieve that which you are preparing for.
We are missing an Annual report for 2011, Quarter 1 Financials are way past the point of being late, and Quarter 2 is coming to an end in 8 days. What the hell are we preparing for again?
A PLAN, ACTION and RESULTS is the only thing that is going to get us there. Throwing $2 million worth of equipment and thousands of hours into one hotel and walking away blaming everyone but yourself that although it works half-assed and looks good, it can't do the job 100% like you promised, ain't going to get us there.
We need results from SP, and he has, to date, proven himself not capable of providing them.
Correction "TIVUdilution" is here!!!
The New Website may look great, but let's take a closer look
In 2011, TiVUS had the privilege of installing the latest in hospitality television technology into a few select hotels with positive feedback from the hotel guests and hotel managers. The hotels experienced TiVUS' e-SmarTVs. They are a unique differentiator in the industry as now hotel guests can enjoy the same features that they expect in their homes such as Facebook®, YouTube®, access to first-run movies, as well as the use of Netflix.
Today, TiVUS is preparing to uplist to the OTCQB/Bulletin Board and is looking forward to many exciting opportunities ahead.
"I look forward to working together with Steve [Truckenmiller] in taking strategic steps to grow market share, establish solid channel partners, and identify potentially suitable acquisitions," Prakash concluded.
Investor Newsletter
This page is still under construction
Contact Us - General Enquiries
We welcome your comments and requests for information. To help us respond more efficiently, please include a phone number in your message.
tivusinc From CEO : Finalized executive team with industries best talent. Tivus is ready now.
23 days ago · reply · retweet · favorite
tivusinc From CEO: 2011 Annual report filed.
16 days ago · reply · retweet · favorite
tivusinc From CEO: Apologies for errors in 2011 annual report. Refilling shortly. Appreciated all the support. Thx. Shiva
15 days ago · reply · retweet · favorite
My one piece of advice on owning rental property:
Build into your property analysis the cost of property management. Usually 10% of monthly rent....owning rental property is great, but managing it can quickly become a full time job, and thus taking away from time for more acquisitions.
Good luck in whatever you do, and stay in touch brother.
JPR
PM your email address to me, and i will send you pictures of me supervising my direct reports as they stock the shelves at Wal-Mart. I know that isnt a very glamorous job, but the insurance is cheaper than my last profession as a rodeo clown.
I am drinking at other happy hours by then(or studying for class), so if you wanna share my email with R3 by all means, feel free. I really don't expect to here from him. Just like SP won't contact me, although prolly for different reasons. I don't think one feels the need to be held accountable, and the other is smart enough to know that my input is mostly useless anyways. I hope you all know which is which in this context. I will gladly spell it out, but hoping i don't have to.
Yes, and we have come such a long way since then. And I thought only Obama, Crack Addicts and The US Military could piss away money that fast. SP sure does stand tall among the honorable mentions above.
INSURANCE COVERAGE!!!
Hell just have those goofballs email me, and I give them my VA File number. They can carry their butts to the closest VA Hospital and get treated for their hemorrhoids for free.
it is illegal under US law to claim ownership of patent when one does not exist. However, the fine is really rather insignificant, usually only around $500.00. You would be better off seeking criminal charges under “Fraud”. But remember burden of proof lies on the plaintiff, not the defendant. It would be hard to prove that SP willingly and knowingly attempted to mislead you and other investors by claiming that he held patents that did not exist. It is not illogical for one to suggest that before you invest in a company that you at least check the U.S. Patent office to research if the claimed patent exist. Furthermore, establishing jurisdiction for such a trial would presumably prove to be very costly. Without a significant outlay of cash, it is highly unlikely that you will ever re-coup any of your losses through legal litigation. If you are interested, you can find more information on filing a complaint with the SEC here:
http://www.sec.gov/complaint/tipscomplaint.shtml
Looks like SP has a brother named John H. Rivera, selling BIO FUELS
Not really his brother, but John’s actions sure sound very familiar.
You can read the story here:
http://www.sec.gov/litigation/complaints/2008/comp20648.pdf
Applying the patent pending phrase to an item when no patent application has been made can result in a fine. You can only use the term patent pending if you have applied for a patent (provisonal or non-provisional).You cannot use the term patent pending if it is not true.
Combined Audience Distributed Engineered Technology
(“CADET”) Patent Pending Number 61028696
If you have something different, I am all ears.
So??? When did SP tell you that there is no patent? Did you talk to him today?
Well there you have it folks, Marriott can just string this along and two million worth of technology is theirs free and clear, to do with as they wish. I guarantee this will be in every Marriott Hotel "in the near future" without the Tivus Name brand of course. AWESOME, and to think, that wasn't news worthy? Does anyone have the number for the Truck Driving School that was being advertised last week, I think it is time for a career change here.
Then again, Marriott can string SP along until he is completely out of money and declares BK. Shiva moves out of his free hotel room then Marriott can reverse engineer our product and then install in all their hotels. They don't really have to fear a patent infringement law suit, because they won't be selling the technology. they can just use it forever, because it was just left in the hotel. when the patent protection runs out, they sell it to Hilton, and make a mint.
Communications are coming..........
One phone call at a time. could take up to 2 months though, 230 shareholders at 2 hours per person. that's 4 a day. 57 and a half days. be patient your turn for the SUNSHINE Enema will come soon enough.
Yeah great find, unfortunately it appears that we got this information a little too late. I would of thought that someone who has been living in a free hotel room in a Philly Marriott for nearly the last year, and dealing closely with Marriott management, would have caught wind that they were looking to expand to Mexico and Brazil, NOT PUERTO RICO!!! But who knows? Maybe that one years advanced salary bought quite the nice recreational retreat Bungalow in Puerto Rico.
THV,
first off, let me say how very sorry I am for the Real Life issues surrounding your family right now, I certainly know firsthand how Life can turn on you quickly. I don't know the details nor do I need to. Just know that my heartfelt condolences are with you.
As for the post, I am not sure that anyone here has those answers? They are great questions? I would very much like to know the answer to them.
Here's a suggestion for SP. TIVUS begins a direct buy stock program. List the expenses that are necessary to conduct business,
like a church does when it wants to:
build a new building. They need $150K they presently have $35K
Send Missionaries to Africa. They need $20K they presently $7.98
let the stockholders choose which project they want to contribute funds to and issue shares based on PPS that day.
Tivus Annual Filing, Need 10K have 0.00
Tivus Q1 Filing, Need 7.5K have 20.00
Tivus Q2 Filing Need 7.5K have 200.00
TIVUS PR, need 1.5K have .50
so on and so forth, when project funded, BOOM we get the product.
I know it seems a bit elementary for most real businesses, but even an idiot can run a business this way. Jimmy Swaggart, and Jim Baker did it for years. People love giving money to needy causes.
We shareholders are currently paying our CEO the average salary of a company with a NET worth of $2.5 Million. At the current PPS, that amounts to 675,000,000 shares each year that had to be sold just to pay this guy to make a few 2 hour phone calls, spend a year surveying Puerto Rico Hotels at our expense, Handing out free TV's to Ohmaha Double Tree and to pay another $2 Million of our investment dollars to have a helicopter put a dish on top of Philly Marriott so he could install our system in their hotel free of charge. on Jan 18, 2012 he announced "Today it is satisfying to report, however meager initially, our ad-revenues have begun at our inaugural Philadelphia installation. Moreover, at the current pace of ad-sales, I expect this installation to be fully-booked with advertisers and generating expected revenue, which we have always believed was attainable, by early in the second fiscal quarter."
Well SP? We are 11 days from the End of the second fiscal quarter, way past any definition of "early in the second fiscal quarter". where are we with generating that expected revenue? either we hit it or we didn't, but either way, you owe us shareholders an answer to that. We are past the 60-90 day window for the Philly contract. What are our results? PR's cost too much? admittedly not the same thing, but tweets are free, but we don't even get but a few of those a month, none of which have any clarity. Too Busy, don't have the time? Then why spend two hours on phone with one shareholder, yet continue to ignore repeated phone calls and emails to you from others? I can go on for days and not finish with this list, but you know what they are.
This isn't Rocket Science, you are operating a Corporation owed by shareholders, yet you go about your business as if this your own Garage private venture. I am really tired of hearing about the same sales pitch you give to everyone of your shareholders that you feel inclined to call. It really doesn't matter to me how much of your own savings you have invested in this CORPORATION. I could care less whether you have your kids college money tied up here. There is absolutely no relevance. My only concern is making money, which includes demanding that you earn what we are paying you, by doing the things that are required of you. To date you have provided very little evidence to suggest that you are worthy of the Salary we have paid you, much less the salary that we have advanced you. I think you will find me to be a fairly tolerant guy, I don't expect perfection, just give me the facts and an opportunity to make rational decisions. I don't think that is too much to ask of someone we are paying to do just that. All this other stuff you feel inclined to do outside of your responsibilities as CEO of our company, well that's all fine and good, but that in no way alleviates your primary responsibilities of running the operations of TiVUS...If you can't handle that, say the word.
A little research suggest that for $249.00 per month, TIVUS gets the following:
-Use a Regus Virtual Office to project the best possible first impression to your clients. A great corporate image at a fraction of the cost of running your own office.
-Professional business address to use as your own
-A dedicated local phone number and receptionist to answer in your company name
-Mail collection and handling
-Two days of private office access each month in your home center
-Free businessworld gold card giving discounts on Regus products and services, plus unlimited access to 1200 business lounges and cafés worldwide. Perfect for when you need to touchdown or have informal meetings
Just my opinion, but I think this is thrifty. For about the cost of what you would have to pay someone to answer the phones for a 40 hour week, you get everything above. And we don't have to pay insurance, taxes, and benefits to anyone. And the entire cost is Tax deductible. This does not provide proof that SP is still a client there, but It does instill confidence that SP is taking at least some opportunities to be thrifty with our money.
That aside, it still does not address why he can't take a couple hours and set up a conference call with shareholders. I get that PR's are expensive, but come on lets get real, we are paying SP $64.90 an hour($135,000 / 52 weeks / 40 hours per week), and when he is directing personal calls to individuals at over $129 an instance, (2 hours to R3 yesterday) how long before the cost of this measure really outweighs the benefit? I don't know about you all, but I am not crazy about the idea of paying anyone $65.00 an hour to talk on the phone unless it is going to generate at least 10 times that amount in revenue. I will go out on a limb here, and speculate that R3 did not turn around and set $1290.00 aside to invest in TIVUS stock as a result of that phone call. Please stop wasting our money. I know we can find better ways to get every ounce of worth out of our dollars.
Some of you old timers, can anyone tell me how the CEO's Salary was arrived at? I am having a hard time in my mind justifying why we are paying this kind of a salary, with the results we are getting. Everything I read suggest that CEO salary for start up company should be based on 5% of net value of the company.
Honestly, I have no problem paying a guy like this if he is producing something and increasing value. If that is the case, show me the evidence. but spending $120 of our money on a phone call without proven results is not what I need to see.
An answer addressing this post may have been posted, but quite honestly I haven't gotten through all of them yet so I will just post in case no one has.
Tivus uses that suite 100 address as part of their business, but it is actually office space maintained by a group called REGUS business solutions. I hear their advertisement daily on XM radio. They allow people with small businesses that operate say from home offices or not necessarily a place where you would want to entertain customers. It allows them on a very small budget to have an office space and meeting facilities should the need arise.
you can read more details here:
http://www.regus.com/
my opinion, but I think this is actually a rather clever way on SP's part to keep cost as low as possible while building the business.
I hope this clarifies any worries, I don't think that office space at the same location for rent is necessarily any cause for concern. You should be able to call the phone service there, and ask if it will make you feel better, certainly.
For the record, I am not opposed to your complaints, and you certainly have the right to post them. I would not even begin to try and curtail them even if I could.
I think if you go back and read some of mine, you will find that we have very similar issues with Mr. Prakash and his handling of this company. but like I said, I have come to the realization that JUST complaining about it, is isn't going to fix anything. There is legitimate action that needs to happen on our part, I am just too ignorant as to what that might be. and quite frankly I am too exhausted and repulsed right now to bother digging into it.
unfortunately you have taken my post the wrong way, entirely my fault for the poor writing skills. I am not saying that you don't have legitimate complaints. I am just saying that you are wasting your time and energy voicing them here. we agree, we are there with you. I have a couple dollars invested here, and would love to see it run.
What I mean by "so what" is all the complaining aside, what now, what are you, what am I, what is everyone, going to do about it? It is apparent to me and many others that complaining isn't going to fix it. Tell me what you are going to do about it, somebody tell me what they are going to do about it? anyone? There must be something?
oh well best of luck to you, and everyone else invested here.
So what??? Are you suggesting that you bring something to the table, other than complaints? I see unanswered demands for action, obvious declarations of fiscal irresponsibility, and a statements that eludes to the fact that you will not accept anymore excuses. But again, So What? What are you going to do about it? What is anyone going to do about it? What is everyone going to do about it?
Admittedly I have done my fair share of complaining in the past, but hind sight being 20/20, So What? what good has any of the complaining from me, you, and everyone else accomplished? Ten months of complaints has yielded NOTHING in the way of getting TiVUS to do anything or act differently. They fall on deaf ears here. If you are looking for someone to agree with your complaints, you have come to the right place. Not many here will disagree with your frustration, but again i ask "So What?"
There is absolutely nothing that is going to be accomplished by your (mine or anyone else's) complaints here.
Reportedly, SH has been gone since February 2012, I believe that the PR's were just left in their original form. No real reason to modify them unless they are inaccurate. And since TiVUS PR's don't have any real substance to them anyways, what is the point? If they just omitted the entire PR section of the website, I really don't think anyone would miss anything. You can get more pertinent information by reading the directions for the FAX machine in your companies Copy Room.
Thanks for taking care of that JWEZ, If he really reads the board, as you suggest, I am fairly certain that he is wise enough to get his "ducks in order" before he invites me to join him. I won't be going to be "sold a bill of goods". I am going with the discernment and scrutiny of a second year law student. He can save his sunshine to blow up some believer's backside.
"He expressed his frustration with the number of individuals on here who talk with so much negative sentiment toward Tivus."
After considering this for almost 24 hours, I think I am fairly confident in my opinion that not only is Mr. Prakash derelict in his duties and responsibilities of CEO, He is completely incapable of discerning honest and rationally written thoughts. It is apparent to me that he has completely confused negative sentiment towards him, as negative sentiment towards Tivus. I assume that in his mind they are one and the same. I assure you Mr. Prakash, they are not. I encourage you to divorce yourself from the idea that you are Tivus, and Tivus is You. Tivus is owed by the shareholders, that means all of us. You might argue that TiVUS is your idea, and certainly I acknowledge as much. Let me remind you kind sir, that many a "great Idea", did not a Millionare make, simply because that idea could not be brought to market. When Tivus was incorporated, it provided the funds to market your great invention. Your shareholders have allowed the increase in Authorized Shares to afford you the opportunity to create even more dollars to better your chances. Your shareholders have advanced you your annual salary, presumably so that you could get your personal finances in order to allow you to dedicate even more time to TiVUS Business. To date Sir, you have missed deadline after deadline, you have failed to deliver on any claims and promises, we are dealt one fiasco after another. When something is delivered, after months of waiting, we are given something that looks and appears that it was prepared by a run of the mill fourth grader, without any parental over-site, and then signed off as Gospel by you. Mr. Prakash, you don't return calls, you don't return emails, yet you cowardly, send out "open invitations" for "Spend a week with the CEO" through an NDA gagged shareholder. In 175 days you have released 4 Press Releases, and a radio interview, all of them claiming one thing or another was coming "Soon" yet ZERO has materialized (actually less than Zero since zero actually hold a place and therefore has some value). With all the claims of greatness and potential, we have heard nothing official from you in almost 45 days. Your salary broken down over 365 days equals roughly $375 a day. Can you sir, please tell us shareholders what you have done for this company since January 1st, and what you have done to earn the $61,875 we have paid you thus far as a salary? You released on Jan 18th that this company had begun generating revenue, we are no longer a developmental stage company. Have you generated $61,875 in value?
MR. SHIVA PRAKASH, DO NOT, AGAIN I SAY "DO NOT", INTERPRET THIS AS A FRUSTRATION, OR NEGATIVE SENTIMENT TOWARDS TIVUS. I AM NOT FRUSTRATED WITH TIVUS, I AM NOT NEGATIVE ABOUT TIVUS. THIS SIR, IS DIRECTED AT YOU. EITHER POOP OR GET OFF THE POT!!!
Where would the world be today if:
Henry Ford had felt it was necessary for him to build all the cars himself, load them all on trains himself, drive the trains down the tracks himself? and then travel the US trying to sell each and every one of cars himself?
I don't know either, but I assure you that FORD never would have made it in the auto industry.
That is one of the best post I have ever read, SPOT on!!! The only thing I would add is that he has no business drawing a CEO paycheck until he is performing the duties of a CEO, and not just going thru the motions of a few of the responsibilities that he chooses and carries out sub-par.
JWEZ...really not trying to sound condescending, but do you really think that he is wondering that? Let's get real here, you of all people, should have been able to regurgitate an answer to that if you really thought that is what he was wondering. Most of the longs here don't have a choice to sell or not, their losses are so large that they have no choice but to face each day hoping for the best but expecting the worse. Like a mom and dad that have a kid with cancer. The gloom is hard to handle, and the thought of letting your child just die is unthinkable, you don't get angry and vent at the child for not dying, you don't give up and just leave the child alone in the hospital to suffer alone, you focus your anger at the disease, the doctors, and/or anyone or anything else that you think is not doing enough for your child. Not to say Tivus is anything close to being as relevant to me as one of my children, but the analogy works.
That is my point all together, He shouldn't be PISSED about it, that is our job, He should be "SORRY", He should be willing to do the right thing to make it right, since it was HIS fault. but silence is deafening.
Sure thing, I got 3 weeks of vacation on the books, why not? give me a range of dates and a proposed agenda, i will put something together if it appears feasible/worthwhile.
In the mean time, how about you relay to SP that if he is "so busy", why not let some of that dream team (that WE know nothing about) do something for the assumed salary and/or benefits that they presumably are receiving.
I am no Einstein, but I presume that even an "off the street" hired 16 year old working for minimum wage could have cut and pasted that annual report a lot better than the idiot he paid to do it. SP probably is busy, I mean I hope that he is. I would hate to believe that we are paying this guy $130+K salary to sit idle, but is he busy doing the right stuff? Is he busy getting the business in order? filing the right paper work? reading, signing, and filing the right reports? Or is he busy adding to the clutter of the current fiscal mess we are already in?
If he is "frustrated with the number of individuals on here who talk with so much negative sentiment toward Tivus", how about he look in the mirror for a reason.
-"soon" has come and gone on just about everything he has ever said.
-The crap that is delivered is extremely late and even more lacking.
Everything is late, yet he is frustrated? yeah partner we know the feeling. We are frustrated with the PR Promises, and the lack of follow thru.
If I am expected to be a good little shareholder, and hold this company in high regard, well lets just say that I have some expectations of my own. SP might have expectations on how he wants his shareholders to act, but until he communicates them directly to all of us, instead of cowardly approaching the subject thru a confidant, they fall on deaf ears. My expectation of him are, on the other hand, no more than what is clearly defined ethical and reasonable by the Securities and Exchange Commission.
If he would like to return my phone calls and e-mails then maybe we can discuss this like "big boys", but until then, what other choice do I have? Sell? That ain't happening. Mr. Prakash can perform the duties that we are paying him to do, or HE can step aside and we will find someone that will do what we expect him to do. He might think that he is in charge, but he sold away 2.1+/- Billion Shares of his right to be. I would say "Put up or Shut Up" but it certainly appears that he has already chosen the latter.
GLTY
JPR
Those are the financial attachments that went along with the old annual report. I am under the assumption that they won't be changing. The only thing shiva needed to do if proof read the annual report and make sure that the stuff that has nothing to do with TIVUS is taken out. He literally could accomplish that in 20 to 30 minutes. Not sure what is taking this clown so long? I can no longer assume he has no clue about what he is doing, I am 100 percent convinced of it now. THE only solace I can take here is, that I am sure glad that Mr. Prakash did not invent the wheel or we all would still be CLOPPING!!! around on square tires.
Something tells me they are going to be the only winners here
It looks to me like those other 8 million are buys at .0003 some body please pipe in on this and tell me WTF is going on? I don't see any 3's on the ask? who the heck is selling 3's, I am friggin lost?
Yeah because when i see this action, i am just so enticed by $10.30 worth of action, and $18.00 worth of brokerage fees. UM HUH!!! makes me just want to jump in there. and i can see that it has about the same effect on every on else too. Honestly, I would rather drop $20.00 buck on a good Steak Sandwich for lunch.
LOL, I guess that it is just a coincidence that Wagget and Steve Haag went on the down low roughly around the same time then huh? Just kidding, I have seen WAG stick his 2 cents in a few times since SH depart us.
Dang, now that I know how you feel maybe I will let this thing run to .004 today
For Real JWEZ, in fact i am blaming you for any money i loose in tivu.
I realize this is not the military, trust me I get it, but you will have to forgive me since I spent my entire childhood as Army Officer's kid, and the last Quarter Century wearing the Uniform myself. I posted yesterday, a few times, that we should give Mr. Prakash the opportunity to do the right thing, and I still believe that. That being said, correcting the financials does not, in my opinion, complete the task of doing the right thing. The lame brained idea of sending word through another board member that you are working on it, does not constitute doing the right thing. Sending a half blaming, half screw up message on twitter and trying to pass it off as some semblance of an apology, well lets just say that SUCKS WIND my friends.
People Screw up.
In my line of work, when they screwed up, it usually meant that some Mother had to pay the price with their son or daughters life. As a leader I had to make some very tough decisions that I had to answer to my superiors for. I have had to fire lieutenants (otherwise good men and women) that just could not take ownership of their screw ups. And I have held on to lieutenants that owned their mistakes, and made me believe that they had learned from them. I had to trust that they would not make that mistake again.
On one occasion, during a live fire training exercise, I had a young lieutenant that actually shot one of his own platoon members in the chest. Fortunately, due to the lieutenant's own actions after the fact, and the skills of the platoon medic, they were able to save the soldier's life, but the soldier's career was over. Regulations stipulate that even in an accident, that lieutenant's career should have also been over. But because that young lieutenant had the testicular fortitude to do the right things, and faced his mistakes with Honor, Courage, and Integrity, I went to bat for this young lieutenant. Long story short, that lieutenant has since served five combat tours, saved countless lives on the battle field and earned the silver star (second highest award for valor)twice, and numerous other awards, selected early for promotion and command several times, and is being considered three years ahead of his peers for battalion commander.
The window of opportunity is closing fast on doing the right thing. Mr. Prakash has suggested in the past that if we are not happy with his performance that we should just sell and move on. Well I rebut with this Mr. Prakash, You don't own this company, the shareholders do. If you can't do your job, the one we are paying you to do, then you Sir are the one that should move on.
Mr. Prakash accepted the responsibilities of the job, he needs to act responsible and accountable to those responsibilities and his shareholders. To date, He has failed to do so.
"Shortly", LOL try to figure out when that is?