Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I got out 2 years ago. Took my losses on this one and moved on. I check the PRs from time to time for shits and giggles I guess. I'm just trying to be helpful. I'm not bashing and I do not have an interest in this stock. I'm just warning that I've already seen this movie. Battis talking crap about orders without disclosing dollar values (ever)...this stock is a joke.
I used to own this POS over 2 years ago and I see nothing has changed. The CEO is a crook and keeps announcing fluff contracts. Initial order to Japan, but oddly enough no dollar value attached to his claim. Anyone care to comment?
No question Vringo's case is legit. I think the AOL settlement confirms that. The only reason this is not trading at $10 already is because we do not know the settlement dollar amount with AOL. If it is substantial (a couple hundred million dollars), then the market cap should be at least $300mm, wouldn't you agree? That's basically about $9 a share. I think this stock can and will make a push well over $10 as we get closer to October 16. Many things can happen before that date (i.e. settlement with Google and others, buy-out by Google or Microsoft...)
Here's my only concern: Settlements are made and no details are disclosed. Will we see that money in the balance sheet in the next couple of quarters, or will this money be paid out to management as "bonuses" and the shareholders will get stiffed?
I love reading your ignorance. He's not forthcoming with news, because there is absolutely nothing going on, not because he knows if he is talking to someone positive or not. And as far as your tweet comment, why isn't he tweeting if it's free? I'de like to believe even you can figure that one out.
I love that last trade of 1 million shares at 0.0002. MMs trying to dump last few million shares at 0.0001, LMFAO!
yes, tweets will save us. I was counting on dumbarse Shiva's tweets to save this company. Well done Shiva! You will be remembered as the most useless CEO ever.
does that mean no more vacations for SP on the company buck?
Spoke to him (SP) a few days ago, but nothing coming out of his mouth has clear. Just a bunch of blah blah...waiting for Marriott...not worried about it..Tivus will prevail BS.
SeeYa, can you fill me in on what is going on all of a sudden?
And for my last words for the week... Wallstreet is not the poor man's casino. We (the small fish) probably have better odds in sports betting than in a casino made for high rollers.
Thank God football season is starting soon. At least when you are betting on a game you have a 50% chance of doubling your investment in a matter of hours. You also get to enjoy the game a lot more. And you don't have crooks stealing your money. You occasionally blame a loss on a fixed game, but you are still a 50% chance winner if you have picked the right side.
A Blast from the past for Mr Spock. This was 6 months ago. Sound familiar?
Wednesday, February 15, 2012 9:25:56 AM
Re: Irish62 post# 33827 Post # of 48062
Irish,
The way the whole thing started with Shiva was me emailing him in November telling him that he was misleading everyone by missing deadlines (i.e. the Audit) and not being clear on whether or not they had a signed contract. I also mentioned to him that shareholders were already mentioning the word ''lawsuit''. He called me literally 3 minutes after he received my email and assured me that the Audit was coming in the next few days. As for the host contract, he was not being clear about the reason why there was no contract, but he was implying that host was waiting for proof of add revenues before they signed the contract. My question is why would Host delay the contract if they pretty much have very little to lose and alot more to gain. It's Tivus that does the running around signing add partners. Host just sits back and enjoys a piece of the add revenues (at least that's how I understand the deal). This whole thing stinks. The red flags are there and we just continue to ignore them (myself as well) and keep buying this garbage stock with the hope of averaging down enough to break-even on any slight temporary shareprice increase.
If this technology was so great, don't you all think that they would be able to go fetch real financing? All they are doing is selling 50% discounted shares to their friends, who in turn are selling the shares the next day at the current price, making a 100% return on their investment at the detriment of us suckers! These are just my thoughts. Make your on judgement calls.
no more chirping on the Tivu board? Spoke to SP recently. I should have followed my gut last year when I first spoke to him and my first reaction as soon as I hung up was I can't believe this clown is a CEO of a pubicly traded company. He's not fooling anyone else these days.
Au contraire mon frere! Go back and read my posts and see if you find one positive comment.
The 60 to 90 day period expired in early July. Don't you think our idiot CEO should have given us a PR on yet another missed deadline and maybe a little "don't worry, good things will come shortly" speach? At least maybe a tweet! LMFAO!!! The guy is either useless or a crook. Either way, it's not good.
If they actually manage to turn a profit, the share price should double at a bare minimum.
Spock, I remember when you joined the dance, many tried warning you, but you ignored. Most of us that have been here way longer than you pretty much got conned over and over again. There is about a 5% chance that Philly inks the deal and we move up, but the sad reality is we probably run out of oxygen before that happens. Shiva puts this POS under bankruptcy protection, stiffs the creditors including us poor saps, and starts a new company. If you do some DD, you will see that Tivus is not Shiva's first dance.
I don't know, but usually PPS slowly goes up in anticipation/speculation of the outcome. In this case the opposite is happening (30% down in a week). Is it possible the big fish know something we don't, or simply 1 big fish decided to get out?
down 30% in a week. Is this panic selling or has something leaked?
As far as I'm concerned, the only thing that matters is the Q2 results. If they remain on the same path of spending $2 to sell $1, then we will not go very far. Dillution will continue to be able to support the continuous losses. If they actually show an operating profit (I'm not even talking about a net profit), this will go up.
Any other PRs are pretty irrelevant in my opinion.
for sure! But the expansion into China (to be announced "soon") is really going to generate some nice revenue. I mean think about it. There are 1.3 billion people living there. That's more than 4 times the U.S. population. Do you realize how many hotel installations we could do in China? Keep an eye out for that PR "soon".
SeeYa, spoke to him today and the conversation sounded just like the one you had a couple of months ago. He was very vague in everything I challenged him on. My interpretation was that everything rests on Philly. Marriott has not paid him because there are "glitches" and he claims that the glitches need to be fixed by the hotel and not by Tivus.
There is no dream team for now (also my interpretation) and they will come on board once Philly is a done deal.
My overall feeling is that everything is frozen until he gets paid by Marriott. I also spoke to Marriott Philly and they confirm that the system is up and running in most rooms, but there are "glitches". They did not want to elaborate more than that.
When challenged about finances, his defensive response was "we just released Q1" I wanted to congratulate him for the quality statements released but I held back.
He also said that PRs were coming "soon".
My conclusion is that this is not scam, but I see less than a 5% chance that there will be light at the end of the tunnel. He simply has nothing positive to report and that's why we are not seeing PRs of any substance with the exception of the Carribean expansion of course (which in my opinion is a desperate attempt to raise money), LMFAO!
So let me get this straight. He spent $2.5mm of our money installing Marriott and DoubleTree, has $0 revenues to show for, but does not want to spend a few hundred dollars addressing the people that made the installations possible?
Mr. Prakash, is this your position?
He is so busy, but instead of addressing all of us in a 1 hour conference call, he would rather address each one of us (approximately 250 shareholders) on a one on one basis and spend 250 hours doing it.
The man is brilliant!
Can we force this clown to hold a shareholder conference call? Is it his right to decline? Can shareholders vote to fire him? Am I completely clueless and naive or is it possible that this guy has carte blanche to keep scamming us and there is nothing we can do?
"as of March 31st 2012, the 1st major hotel is near completion".
Where are the expenses related to the $2mm Philly installation? I don't see it anywhere in the income statement...I wonder why?
JPR, that's the smartest thing I have heard on this board for a while. There is no Truckenmiller, just like there were no Marriots. How can this company pay guys like Truckenmiller? With shares? Would you go work for worthless shares?
The $463k has been billed to Double Tree (West Boy), but West Boy is not paying because the contract says that Tivus guarantees $11k of advertising revenues per month or else the contract is void. More dead money! So we installed both Omaha and Philly for free. Shiva, you are the world's most impressive business man.
JPR, $1.7 billion O/S makes sense on A/S of 3 billion. Keep in mind that was 4 months ago. There is also a note in the financials that says they added 704mm shares to the O/S for $105k (average share price of 0.00015).
The blatant error is in the accumulated deficit. March 2012 shows a smaller deficit than December 2011, which suggests the company made a profit, but the income statement clearly shows another loss.
West Boy LLC contract is surely dead. They have billed West Boy $463k, but the contract is nul in void if Tivus can't deliver $11k in monthly advertising revenues to West Boy.
Finally, Shiva has borrowed another $115k from the company and there is no susbsequent event note on Philly, which suggests that as of July 25th (date of the financials) there still wasn't any contract with Philly.
Fantastic!!! No income statement! Balance sheet suggests $0 revenues! another blatant lie from our CEO who claimed that revenues had begun on January 18, 2012. If they had begun, then where are the revenues at March 31st 2012?
I rest my case. Shiva is a crook and a liar!
Question: VRNG's market cap according to Yahoo Finance is $21mm as of today. Many analysts are speculating either an out of court settlement, a victory after a court hearing our a buyout from Goog, MSFT...Either one of these scenarios would bring the market cap to a minimum of $100mm, wouldn't you agree? The best case scenario of course would be a judgement in favour of VRNG for let's say $500mm + royalties on future Goog revenues. The way I see it is worst case scenario $100mm market cap ($18/share) and best case $1 billion ($150/share).
Is my train of thought way out of line? If the worst case scenario is $18/share, shouldn't the current shareprice be moving closer and closer to at least $10 as the court date approaches?
Shiva, you must install this fantastic IPTV product of yours in these 3rd world country deprived hotels. You must save them at once. Then we can all be rich.
Everything will be fine. Didn't we expand into the Carribean?
It says it all doesn't it. If you fail once, just keep trying. After all, Shiva isn't trying with his own money.
More like Apou from the Simpsons - "thank you, come again"
Why do you keep defending this crook? Did he or did he not lie to us over and over again? I didn't speculate on my own. I was told in a PR that Philly was a done deal. I bought based on that and based on speculation of more hotels to come.
FYI, I have moved on. I've sold most my shares and am currently holding only 2mm shares as a lottery ticket. The question is, why are you still around?
R3, I totally agree with you that we should take responsability in our own risks we take in life, but when a POS CEO comes out and says he has a 1,400 room contract and you buy shares on that basis, can you really blame your own self for buying on lies?
well said! No money = failure.
And p.s. I wasn't convinced that his product was better than his competitors' product (roomlinx and lodgenet both have similar products and they actual seem to be selling it unlike our clown CEO).
But even more importantly, was that NY meeting after he expanded the operations into the Carribean?
Shiva, you're a crook!
none that I know of.