Home > Boards > US OTC > Delisted > Telvue Corp. (fka TEVE)
Followed By 103
Posts 8879
Boards Moderated 1
Alias Born 01/28/2008

Tuesday, January 23, 2018 10:43:00 PM

Re: jobynimble post# 20615

Post# of 20680
Like I said it helps to be an actual shareholder and actually email the company.


Thank you for your inquiry. Per the Stockholder Notice, your shares of common stock in TelVue Corporation have been converted into an equivalent percentage of Class B Membership Interest in TVC, LLC. TVC, LLC is a limited liability company that was formed as a wholly-owned subsidiary of TelVue Corporation, and to which TelVue Corporation contributed its assets & liabilities prior to the dissolution of the now legacy TelVue Corporation. TVC, LLC subsequently sold substantially all of its assets and liabilities for a $1.5MM Note and Contingent three-year Earn Out. TVC, LLC no longer operates the historic business, and exists solely to receive payments on the Note and contingent Earn Out from the acquiring company. TVC, LLC will make distribution payments to members (you are a member) based first on the priority between classes. As stated in the Stockholder Notice, any possible distributions to Class B Members will only begin after all of the payments received by TVC, LLC less expenses has exceeded the unpaid Capital Contribution and Preferred Return due to the Class A Member. The Capital Contribution and Preferred Return due to the Class A Member currently is approximately $6MM. After the aggregate preference owed to the Class A Member is fully satisfied, any additional distributions made by TVC, LLC would be made on a pro rata basis based on percentage interest of all of the Class A and Class B Members, taken together.

This Class A Member preference is effectively a carry-over from the Series A preferred stock liquidation preference plus aggregate accrued dividends of TelVue Corporation, which was senior to and came before any payments in liquidation that could be made to the holders of the common stock of TelVue Corporation based on TelVue’s debt conversion transaction that was finalized in 2012. That transaction was described in TelVue Corporation’s proxy materials distributed to all stockholders in 2012.



RENAVOTIO, INC. (RIII) Provides Shareholder updates RIII May 13, 2022 3:38 PM

Demand Brands and Truleaf discussing the future of DB's retail footprint DMAN May 13, 2022 3:11 PM

OMID Posts First-Quarter 2022 Financial Statements OMID May 13, 2022 10:00 AM

"VAPR" E-Cite Motors Profiled as AMAZING EV Auto Investment in EV Auto Insider - Above GOOD Tesla, and Those Making its' TERRIBLE Investment List VAPR May 13, 2022 9:49 AM

American Green, Inc. ™ (OTC:ERBB) Board Votes to Exercise its Option to Buy 40,000 square foot "Cypress Chill" Cannabis Building for $3,750,000 ERBB May 13, 2022 8:30 AM

Progressive Care to Report First Quarter Financial Results on May 17, 2022 RXMD May 13, 2022 8:06 AM

Alliance Creative Group (ACGX) Reports Revenue of $2,865,404 for First Quarter of 2022 ACGX May 13, 2022 8:00 AM

Commerce Resources Produces Additional Mixed REC Sample with 22.4% NdPr from the Ashram Deposit, Quebec CCE May 13, 2022 7:30 AM

Demand Brands CEO Letter to Shareholders and The Year Ahead DMAN May 12, 2022 11:32 AM

Branded Legacy, Inc. Adds Multiple New Accounts BLEG May 12, 2022 11:06 AM

Mawson Infrastructure Group Inc. Announces April 2022 Bitcoin Self-Mining, Hosting Co-location and Operational Update MIGI May 12, 2022 9:12 AM

Aris Gold Announces Q1 2022 Financial And Operating Results ALLXF May 12, 2022 8:52 AM

B2 Digital's B2FS 161 to be Shot this Weekend Exclusively on iPhone 13 Pro Max with Full Production Release BTDG May 12, 2022 7:30 AM

Demand Brands Receives $390 Million Valuation from Stanton Park Advisors, LLC DMAN May 12, 2022 5:30 AM

IQST - iQSTEL On Track To $90M In 2022 Revenue And Up-Listing To Nasdaq IQST May 11, 2022 2:28 PM