Anybody remember the conversation below from Jan 6th 2012? Well we are now inside of that 4 to 6 month window, and still no financials that indicate revenue. Is there any coincidence that financials are being called for "SOON". Curious to see where we are with accounts payable when they finally come to that "SOON" date. I know it seems like a long way off, but I will all but guarantee that nobody here will be wondering about financials and contracts by Aug 1st.
post from Jan 6th:
"Wow!!! somebody help me out here, I am no expert, but in reading the entire 30 sept 11 financial, It would seem to me that TIVUS benefits tremendously by keeping the PPS very low. otherwise some of those outstanding convertable notes can be converted to stock and then tivus would be forced to buy them back at an even higher premium. They need the PPS to stay low to let the 12 month window run out or repay the notes before they are converted.
I would only be starting a bad rumor if I tried to say that it is, but that makes sense to me, why else do you hold off releasing quarterly statements as long as possible without having the SEC comedown on you. You want to keep the PPS low as long as you can, while you generate extra cash in your coffers to pay off the higher interest notes as cheaply as possible. If they released news of revenue and the details of 3 contracts, this babies PPS goes thru the roof, and any of those existing notes could be cashed in for stock and converted back at 150%. In that case the stockholders gain, the note holder gains, but TIVUS takes it in the shorts. Not good in the long run for the company. Kinda like when a person is getting ready to declare Bankruptcy, They quit paying all their bills and socking away cash before they file, and then when the finance companies issue a judgement, they declare bankruptcy, and everyone gets paid at a discount. THIS of course is just my speculation, and is worth far less than the time it took to read or write it.
How do you secure debt financing when you are already in default on 18 out of 40 loans? Simple answer is you don't. You either pay it off or declare the BIG B.
LOL, 6 months, that's my point exactly, supposedly Philly is complete, and Omaha is near or already done. which means revenues are coming in, the Q3 financials somewhat show that, albeit small. but now they can sock money away for 6 months (give or take) and pay off the notes at close to face value without having to pay the 150% premium on a PPS that is going out of control. someone did the math the other day on the Philly contract alone, and 6 months worth of that would make a huge dent in that debt.
Color me Stupid, but I am betting my dollars worth of Donuts that this baby stays rock bottom down here for 4 to 6 months, until TIVUS can no longer hide the fact that they are making money. Then she is off to the races like Secratariat"
