Tivus, Inc. (TIVU)

[benjo]

yikes. from what i read, the company is not only broke, but in debt. they issued common stock as payment on several occasions. i wouldn't be surprised to see lots of shares being dumped into the PPS rise over the next couple days.

what i didn't like in that report was the statement twice made that "we do not currently have the resources to achieve our goals and are seeking financing through additional debt or equity offerings"

also, i didn't like this:

"since our inception in july, 2008, our activities have consisted principally of payment of salary of our CEO, Shiva Prakash and travel to various metropolitan cities to introduce the concept of our IPTV technology"

i understand the need to pay for travel expenses, but really? paying the CEO??

shouldn't their principal financial activities consist of using that same money to fund the actual business and to "achieve [their] goals"????