Telvue Corp. (fka TEVE)

[xxxxcslewis]

By my calculation Gerry Lenfest has the equivalent of just under 631,000 shares upon the conversion of his preferred shares. So the value of his shares is just under $19 million.

If his foundation was to buy just 100 shares of TEVE every day the market was open for the next three months that it would amount to an investment of a couple hundred thousand dollars based on the closing price today.

But I am thinking the share price might actually go up quite a bit, so it might end up costing him a half a million dollars, but then the market value of the 637,000 equivalent shares of TEVE would be around $50 million. So a half a million dollar investment would cause an market value increase of $30 million or so in the foundation.

Maybe he should just continue to buy until the end of the year. After all, he is a billionaire so a half a million is not such a big deal for him. Besides, the market value of his shares might then approach a hundred million dollars.

Just pondering a bit. I know there is a plan afoot. I just don't know what it is since I wasn't able to get to the meeting.

I should probably mention that he will have to do the above without my shares. My shares are not available. I am just happy to be on board with Mr. Lenfest.