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You missed my point. It's not troubling me about the company but it's not the way a normal, successful company operates. It doesn't bother me as I'm not long or ;short and don't intend to be. The only thing that bothers me are the non-stop silly posts here about shorts and the analysis of the minutae of individual share purchases. Plain silly and misleading.
Besides, there is no reliable company information that an investor can look to to provide guidance. Without audited financials who knows what's really going on. Even if the revenue and earnings numbers are correct, there is no information on expenses. How much they are and what they are for.
Why should a company choose to hide that? One reason is that they really don't care about attracting new shareholders and thus dampen demand. And they've succeeded, as only a few hundred shares have traded all year and the bid/ask spread is enormous scaring away any potential shareholders.
Good thing very few are interested in the company otherwise their phone would be ringing off the hook. Most companies put out information of this type just so people wouldn't need to call and could simply check the company's site or EDGAR.
That's pretty funny when a number of posters are constantly posting unsubstantiated information about the company and supposed short positions.
Nice. To learn about a company you need to buy shares first to get a look at un-audited financials.
Unfortunately you won't find any recent financials on the company as it went dark a year ago after a 1 for 200 reverse split. As well, only about 600 shares traded this year.
Didn't you know that there is a grand conspiracy by the FBI, the SEC, the NSA and nefarious investment houses to take dwon poor Telvue. You'd think that a billionaire shareholder would be able to take care of the problem.
What makes you think anyone is "betting against" Telvue. Many are arguing against the silly osts posts here but I doubt if anyone is betting against the conmpany if by betting you mean selling short. It would be pointless for such a illiquid company.
Please clarify what margin calls and what pressure you're talking about. The bid/ask show no change in the last days/weeks. Where is the evidence of pressure?
I can suggest several,
1. There was no attack
And if threr was,
1. The competition
2. Hackers who happened to choose Telvue
3. Disgruntled former employees
All far more likely than non-existent shorts.
Yes, the mythical SHORTS did it.
There are sellers, just no one wants to pay their ask price.
Nobody HAS TO buy shares. It's more likely that some may need to sell shares, if anything.
What's a company worth? Assume a P/E of 20, which is greater than the S&P average.
With around 800,000 shares each 1 million in earnings results in a share price of:
1 million earned x 20 $/share / 800000 shares = $25/share
So each million in annual earnings adds $25 to the share price.
Last quarter they earnbed around $250,000. If they maintain that for the next three quarters the company will be worth $20 million or $25 per share.
If they earn $2 million, then $50 a share. $4 million, $100 a share.
There is this fantasy that's keeping this board going that the shorts will have to cover and drive the price up.
A tax writeoff is a tax writeoff.
Ammo, at least in Canada you can declare the value of IPKL to be zero and get the tax writeoff.
Just ask a broker.
What happened to the dividend announcement that was coming this week?
They'd end with half a ton?
You don't know what anyone may want or need to do.
Something may even happen to you and your family needs the funds for some reason?
You say no one needs to sell 5,000 shares? And I say certainly no one needs to buy 5,000 shares.
The main point is that new investors will not buy into such an illiquid company. I know you don't care, but others might. This company is not about you and the four or five other posters on this site.
Who cares who bought or sold 200 shares. That's $4000. That's peanuts for most investors.
As for your question on what it would cost to buy 5000 shares. I asked what you'd get if you tried to sell 5000 shares. Both buyers and sellers would do really badly.
That's the whole problem with this stock. With so few shares trading it's not possible to buy or sell any nuber of shares. Which makes the stock unattractive to objective investors. It would also make it unattractive for potential shorters who'd be sure to keep their distance.
Or just possibly a normal sale.
Manipulating Libor rates means winnings of bilions a month. Why would guys making billons bother to even look at a penny stock where ANNUAL trade value totals say 150 shares x $50/share x 12 months which equals $90,000 a YEAR. Even at ten times the value it's less than a million. And you think they've been doing this for ten years waiting for the big payoff? Silly
It's jutst not worth the effort.
Called the company. They told me they had three technical people.
I asked about the number of technical people. You didn't answer. Do you know how many tech people they have on staff including software and hardware?
You don't have to know everything. It's OK to admit that.
How many technical staff are left at TEVE? What's the total employee count?
It's not about the dozen current shareholders who are either stuck or bure believers. it's about potential new investors who have not and will not pay $60 for a stock when there is a bid for only 100 shares at $20. The buyer doesn't know if he can ever sell at a profit. TEVE's history of losses till the last quarter is not too encouraging either. Maybe after a year of profits and a normal level of trading new investors will start to consider TEVE.
There are so many good companies out there. Just because most here seem to hold and be interested in just one doesn't meant the world feels the same way.
Whether you want to sell or not, here is a defition of ILLIQUID STOCKS or a perfect description of TEVE right now. The average monthly volume is less than 200 and the ratioi of bid to ask prices is 3 to 1. Now that's illiquid.
Definition of 'Illiquid'
The state of a security or other asset that cannot easily be sold or exchanged for cash without a substantial loss in value. Illiquid assets also cannot be sold quickly because of a lack of ready and willing investors or speculators to purchase the asset. The lack of ready buyers also leads to larger discrepancies between the asking price (from the seller) and the bidding price (from a buyer) than would be found in an orderly market with daily trading activity.
Investopedia Says
Investopedia explains 'Illiquid'
Some examples of inherently illiquid assets include houses, cars, antiques, private company interests and some types of debt instruments. On the other end of the spectrum, most listed securities traded at major exchanges, such as stocks, funds, bonds and commodities are very liquid, and can be sold instantaneously during regular market hours at fair market price.
Illiquid securities carry higher risks than liquid ones; this becomes especially true during times of market turmoil when the ratio of buyers to sellers may be thrown out of balance. During these times, holders of illiquid securities may find themselves unable to unload them at all, or unable to do so without losing a lot of money.
Dividends soon?
Extremely unlikely.
Why are you sorry. I hope you're right.
Another Telvue PR from August.
Actually, Barron's Online reprinted a Telvue PR.
http://www.telvue.com/2013/08/06/charter-media-selects-telvue-for-eastern-division-network-expansion/
Is there any conceivable reason to hang on to these shares rather than do a "ddeded gift" and then use the writeoff?
Exactly. What I" saying is that TEVE can't compete with IBM on cloud computing which is what posters here keep talkiing about lately - cloud computing that is, which is not their strength.
TEVE is not up WITH but up AGAINST the likes of IBM on THEIR territory. TEVE may be expert in their vidoe business but not with Cloud matters.
Yes Cloud computing has a tremendous future. Unfortunately Telvue is not among the signficant player in the field that includes IBM, Oracle, SAP and other big boys. It's not among the top 30 companies in the field nor has it received funding from any of these companies as they have no technical advantage in this field.
http://www.bvp.com/blog/bvp-cloud-computing-index-crosses-100-billion-market-milestone
I never called the company a POS. Please show me one post where I did. I said in that past that they lost money for years, and that's fact. And now they've made 35,000. Better than a loss certainly but without potential investores knowing how that was achieved it's a questionable number until the company publishes audited financials. Asking investors to invest before they can see the financials is like asking people to buy a care before they can test drive it or get performance figures, or even have a look at it. What's the point?
What I said was that constantly pushing the notion of a large short position was mistaken as there is no evidence for that and there is evidence that there is no short position. Secondly that having only 55,000 shares in the float in no boon.
It's a disincentive for new investors as well as for investors who want to sell as there is no market. And that's clear when the bid/ask spread is 20 to 60 or something similar. What matters is the total number of shares the company has issued as that determines market cap and the size of any dividend, should there be one.
I've also said that claiming that the compay is going to grow significantly and pay dividends in the near future is pure quesswork, if not pumping the stock. So it's not the company but claims about the company posted here that's the problem.
TEVE may do very well in the future and I've always said that. We just don't know. It's in there fighting very big fish with deep pockets.
No, on the contrary I was compaing it to other stocks trading in the $20 to $100 range none of which trade less than 200 shares a week for months on end. Please show me one.
TEVE may well turn out to be a great company if they can manage to increase earnigs to a few million a year. Can't really project that after one postive quarter of $35,000 earinings after several losing years. It would help to see the financials to see how they achieved these numbers. Was it increased revenues or cutting costs? Makes a big difference especially when the financials were niether audited nor made public. Unless people posting here have insider information on the current quarter there is no way to tell what's coming. Perhaps the next quarter will tell.
Until then and until there is at least thousands of shares a day start trading no serious invesor will want or can get involved. As can be seen from the last rade someone had to take $20 a share, or 10 cents a share preflop as there is no demand and few shares for sale. That, at least for that seller, is not a good thing.
I know some think that's good and it makes no difference for those already in who have no need to sell and are prepared to wait for months or possibly years. However, no new investor wants to pay $68 for a stock than he can only sell for $20.
This may all change in the next few quarters if the company grows earnings and becomes open wth its financials.
All the best to TEVE.
Yes it's good to be able to analyze every sale that may take place and identify the seller an d the buyer. Luckily there are not that many sales to have to go through such a forensic audit. Most companies don't allow this because of sheer numbers.
I agree supply and demand sets the share price. But demand depends on a company's performance and the market cap and not on the number of shares or the share price. Whether they have 700,000 shares at $30 or 7 milliion at $3 makes no difference or should make little difference to investors, although it's easier to buy board lots of a $3 stock than one trading at $30.
All I'm saying is that investor interest comes mainly company performance and secondarily basedon the share structure which is mostly what's talked about on this board.
I have no idea how TEVE will do in the future. If they can grow earnings they'll do fine. If not, not so well.
The success of the company definitely has nothing to do with the number of shares or the supposed short position.
Whether they have 55 thousand or 55 million shares available to trade, success comes down to making money. In this ever-changing sector there will be winners and losers. None of us know enough of every competitor to be able to make a prediction even though they pretent to..
Who would have guessed that market leaders such as Nokia and Blackberry just five years ago would be faciing extinction? In other fields players such as Kodak, Pal and others have given up the ghost.
I have nothing against' TEVE. It's the incessant mindless flogging of the company on this board that's the problem. Constant talk of short positions and the 55,000 current shares not controlled by insiders has nothing to do with the chances of success.
To be relevant you need to talk about the company and its competitors (with facts if you have them) and not the irrelevant share structure.
I'm not concerned since I have no shares and am not short eitehr. No one is, except perhaps the 44 FTD shares that by now have no doubt been sorted out.
You keep harping on the 55,000 supposed free trading shares as being a plus. Just pointing out that it's exactly the opposite.
As for the next response about trading low float penny stocks, I remind you that a stock that has an ask of $68 is not a penny stock. People often get into penny stockis to trade them. With a bid/ask gap of $20 to $68 and one that trades an average of some 40 shares a day (when it trades) is not a stock to trade. YOU CAN'T if you want to make money.
So if anything this is a highly speculative value play. So far several years stuck at around the same price.
Good luck.