Telvue Corp. (fka TEVE)

[qtipjoe]

Just a few things about 20 million bucks. That sounds like a very large sum of money and to most folks it is. The only people who look at 20 million and yawn are the government and Gerry Lenfest. For one thing the stock price goes to 55 cents and the 37 million shares Gerry owns as majority shareholder are worth over 20 million. Stock price went to 90 cents on a purchase of 200 shares.
Wonder how that happened. 200 shares drove it to 90 cents.
Gerry has been trying to give away his billions for a few years now. The one thing he is not worried about is money. Why was 20 million spent in the first place ?? To build a network of PEG stations all across America . Last time I looked it was over 500 TV stations for Public, Education, and Government channels that I’m sure many of you see each day. Money spent to bring on demand to their customers like Comcast. Money spent to put on demand lectures into our collages and university's.

Money to buy Princeton Server Group and put Jesse Lerman on the path of creating digital storage boxes that all their customers use. Money to move their programming base to a secure building in Philadelphia where unlimited bandwidth is available. This was done before most people heard of bandwidth. If not for Gerry Lenfest and his money there is no way this company could have gotten past first base. It would not have survived a start up if the money they needed was to come from this market.
There in is the tragedy of small business in America. That’s another story for another time.

The reason is simple. Each day there is a conscience effort to take the stock down. What ever it takes. The marching orders of the poor market makers who are blamed for so much are take it down. Get it so low so the price will become fodder for flippers. Flipping is a method of buying and selling for small personal gain and works well in the hands of the mm. Look across the market and show me the ones you know well and ask yourself what is happening here.

Could the sales department of Telvue do better ? You bet it could. In this environment there are many really great salesman out of work. Wonder if any would like to go on commission. Could management have done better over the years and can they do better now ?? I’ll say they could. Will Telvue be around tomorrow and next year ?? Yes they will. Why ?? Because of Gerry Lenfest and his money. When Princeton Server Group was taken over by Telvue a 10 million dollar debt was forgiven. Shareholders will come and shareholders will go but Telvue will be there and it will continue to grow and prosper. And yes it will make money and lots of it.