As always with Tivus, this is a puzzle with few answers. The only transparency is on the interface in Philly not yet working and waiting on IBM. OK, even that is not transparent! It's done, but it isn't done because of IBM?? Really? Jwez goes to Philly and sees it, Blah goes to Philly and doesn't! Can anyone say slight of hand.
People seem to think that Truckenmiller is loaded with cash. I don't see that. Millionaires come and go today, and his wealth doesn't appear that strong. Besides, I doubt if he would risk it in giving SP money. Would you???
SP hides too much of what is happening. It is the same way with gagging the TA, putting jwez and waggs on a gag agreement, failing to get the financials posted, failing even to get the lawyer letter delaying the financials, and only announcing pr's that are not important. Notice, no $'s announced realtive to ad insertion, and if the Host contract is not announced in the next two weeks, I say that some reason will pop up in 90 days why Tivus can't announce the Host contract! It kind of fits; contract, but no contract, earnings, but no earnings. And who are we kidding; if the ad insertion was a smashing success it would be trumpeted across America.
Now, I am not saying SP is a crook, but I am saying he went after Truckenmiller with a ton of shares (notice that the TA is gagged) to save Tivus, or at least to lend credibility on the short run. I think he still believes he has a Host contract (I am doubtful at this point)but is doing the only thing he can: use Truckenmiller to try to get new customers. We will know for sure if the financials or even the attorney letter is not posted in the next week. No letter, No audit, and Tivus is weaker than we surmised. It's done with the Marriott's and on to Truckenmiller to see if there are any customers available.
I don't like painting an austere picture, but SP doesn't seem to realize that all this bobbing and weaving he does is dropping sp and creating a lack of confidence. He is not a good ceo and I hope he turns this all over to Truckenmiller to run. Hope I am substantively wrong, but. . . . GLTA. R3
AI
