Telvue Corp. (fka TEVE)

[agribusiness72]

How can you say the shares were not diluted? As you can see from the latest 10Q, excerpt below, more stock was added to the float. You have to count the total number of common stock as part of the float, including those shares that Mr Lenfest owns. Don't see where you get only 55,000 in the float. The float are all those shares that can be publicly traded, regardless of who owns them. Since the amount of common stock was increased dramatically that is dilution, period.

Now, is the decrease in price the evil market makers or is someone taking your advice and submitting low bids hoping to get the order filled?? The conspiracy theory holds no weight. You will see the stock continue to drop especially after 15 August. Too bad for the individual who took your advice and bought at 40plus cents, now at presplit price of .0425 and going lower.

The Company consummated the Conversion Transactions on March 16, 2012. $20,941,000 of the principal amount of the Notes and Science Note, plus $4,921,082 of accrued but unpaid interest thereon through March 16, 2012, was converted into 369,458 shares of the Company’s Common Stock (as adjusted for the reverse stock split disclosed in Note 6), at a conversion price of $70.00 per share. The remaining $5,000,000 of the principal amount of the Notes was converted into 14,285.714 shares of the Company’s Series A Convertible Preferred Stock.


In order to complete the Conversion Transactions, the Company increased the authorized number of shares of common stock to 600,000,000.

They have always needed money to continue and for the most part it has come from Gerry and was paid back without diluting the shares