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Looks like someone is TRYING to sell their holding but with little success. As I said earlier, anyone trying to sell is going to have problems or will force a big drop in the sp because of the lack of volume.
So Joe your claim that "no one sells TEVE" is correct after all. You can't sell if no one is buying.
lol Why?
If a short position can not be proved than why keep claiming it as if it were a fact?
You keep posting that there is a large short position. What is that claim based on?
So are the other two.
Alan, please provide any evidence you have of any short postiion on TEVE.
I understand YOUR expectations. However they may have nothing to do with reality.
Anyone who keeps repeating that there are 55,000 shares of TEVE and there is a large short situation has no credibility, at least not with me.
We know Joe. You only repeat it two or three times a day.
Who cares how many shares are held by others. The only thing that matters is the total number of shares. It's used in P/E calculations, dividends/share calculations and market cap calculations. And that number is 640,000 or something.
Having very few shares trading is a detriment as no serious investor is going to get into a position that he can't get out of. Just as current shareholders can't sell any significant number of shars without driving the price into the ground.
I know you will say that no one ever sells TEVE shares. I expect that no one knows what each and every sharehoder needs to do in the foreseeable future. They may face the need to save their home, educate their children or pay for medical expenses. If they did, TEVE would do them little good.
The basic question is why would Mr. Lenfest want to give up his ownership of the company after ten years of difficulties. He's much more likely to give his dontate his shares ot one of his favourite chariteis. As I said before, shareholders are not a charity and he has no reason to reward them. They didn't do anything to help the company. All monies were advanced by Mr. L and not shareholders as it's normally done.
It's more wishful thinking just like the belief in large short positions.
1. I've never heard of Bill Gatres refuse to accept a dividend and he is richer than Gerry Lenfest and gives more to charity than Gerry Lenfest. So there is absolutely no reason to think GL might do so.
2. When the number of Microsoft shares is given, the shares owned by Bill Gabes is not subtracted from the total. The same is the case for Telvue. If you check ihub's detailed quote for TEVe you get the following:
Market Cap Outstanding Float Dividend / Yield Ex-Div Date
9.55M 616,436 N/A N/A N/A
Which shows 616,436 shares and a market cap of 9.55 millioin which is based on the same 616,000 shares.
So people need to stop misleading others by constantly saying that TEVE has 55,000 shares. That's just not true. Ask the company.
3. The constant refernce to shorts is also based on absolutely no facts. Without facts why claim that?
Do you think Mr.Lenfest considers his shareholders a charity? Why would he not take the dividends (if there are dividends) he is owed? You are really dreaming now. Even if he did that, investors would calculate EPS div/shares on the basis of 700,000 shares, And the share price would be based on that. Unless of course he cancelled his shares but that would mean giving up ownership of the company. Highly unlikely.
Kanno's current venture/scam
http://promotionstocksecrets.com/sanwire-corp-ntmg-dirty-debt-note/
Good luck TEVE longs. Hope you hit $1000 bucks a share in 2014.
Once again, what does your post have to do with retained earnings as it pertains to TEVE?
Please define retained earnings so Joe and I understand the term as it relates to TEVE.
Who cares and what difference does any of this make?
No that explains nothing. You say it has hurt you and you claim that the company spent time and energy dealing with it. I don't see any evidence of that. But clearly you're new to the scene so you wouldn't know.
By the way, as the shares are not trading at 7.5 cents pre0-split and they hadn't traded that low in a long time I also don't see how you are in the plus column at the moment.
You have not said how they may have hurt the company as TEVE never had to raise funds in the public market. Short sellers hurt companies by driving down the price forcing greater dilution when they need to raise funds. Exactly because TEVE was funded by its owner, this dilution issue was not a factor especially as dollar volumes were always quite low.
So again I ask, how do you think TEVE was hurt?
Please explain how TEVE has been hurt by these supposed short sellers.
Please show one example of naked shorting of TEVE shares. in other words prove it.
Are you sure they don't round up? The minimum bid and ask size is never less than 100. So an offer to sell 5 shares shows up as 100. If 110 shares are on offer, 200 would show and if 20 were sold, 100 would show.
Just a thoought as I had been wondering why I keep seeing 100 shares on the bid and ask side.
I'd say it's somewhere between 0 and 1. It was a story to keep up the morale of shareholders on this board for the past few years.
I know, it's great!
Thanks for the reassurance. I feel so much better. lol
What's $5 pre-consolidation? Oh yeah, 2.5 cents. Getting close to all time lows.
Yes holding your shares is important as any selling will drive the sp into the dirt. The bid is now $5 and any selling will move that further down. DON'T TRY SELLING OR ELSE.
$24 is .12 pre-consolidation, not 12 1/2
Alan, I was asking Joe, not you, on his share price prediction for the next three, six and twelve months as he said he predicted the current price.
I was asking Joe for his share price prediction as he said he had predicted the fall we've seen.
I 'll take your word Joe that your predicted that the sp would fall. I don't recall that.
What's your prediction for the next three, six and twelve months?
No indication of the value of any contracts.
Yes true, they would do anything, but not for a few hundred measely dollars. This company and its few non-trading shares is just not worth the effort.
I remember well the dot-com bubble and its collapse.
Nothing wrong with these jobpostings. My former students would be happy to apply.
Only trying to help you get your wish of $100 plus share price. You seem to think it's important.
What matters is market cap, not shapre price. And that is unaffected by the share price. If you think investors would be attracgted to TEVE if the share price exceeded $100 then than answer is simple. Another ten to one rollback and bingo, TEVE is now $200. You think that would enduce Gerry's friends to jump into the company?
Now you can give up the notion that he's going to leave his shares to shareholders.
I'm talking about the market made up of millions of investors. I'm sure some of them have the money to buy 100 shares at $30, however, no one has chosen to do so. Which is what I was saying. The market is not interested in TEVE.
Well you can say whatever you like. Whether there are 100 miilion shares or 10 thousand, no one has picked up the 100 shares at $30 for two days. What does that show? A total lack on interest outside the few posters on this board. And not even those on the board chose to take this great opportunity to pick up some so-called cheap shares at a 15 cent pre consolidation price.
Gee, maybe people don't buy Teve period. What's the volume for the year? Wasn't it 680 shares or something?