Ok so I was chatting with a buddy last night about Tivus just to get his thoughts on what Mr. Shiva Prakash is doing to build this company. I tried to be as neutral as possible in presenting all the DD I have.
I will digress enough to point out that this buddy is not your average run of the mill investor off the street. In fact he has very little stock investing experience by his own choosing. He is a self made man that has a philosophy that he needs to be more in control of his investments than just throwing money at it and hoping for the best, and that the leaders do the right things to make him successful.
While his experience is somewhat different than Mr. Prakash, He is an expert in developing service companies to deliver internet services and video on demand to his customers. In 1995 he began developing a company that did just that. To make a long story, short, between Aug of 2000 and Sept of 2001, he completed the rigorous process of getting the FCC and Congress to approve a buyout of his small company, OnePoint Communications, to Verizon for a small price tag of $250 Million Dollars. Since then, he has gone on to Create another small company OnePoint Patient Care. A nation wide communication network for Hospice providers, that delivers drugs and medication to Hospice providers and their patients in an urgent and timely manner.
Bottom line, his opinion, Shiva Prakash has developed a brilliant product, but he is clearly in over his head. This company does not have the kind of money it needs to take it's product to market. He needs real money or it is a bust. No amount of dilution or reverse splits is going change it. REAL MONEY is the only thing that gets this going. He added that most lenders with "non-volatile" terms won't even bat an eye at something like this because it doesn't have a Big Name or a Big Name Brand on it. He stated that he would be very surprised to find that Mr. Prakash had done any research into the kind of money it would take to bring this product to market. This is just another case of a brilliant inventor that failed to do the proper homework. "What a waste"
I asked if he thought it was over for Tivus. He replied like this, "Sometimes when you have a flowerbed that has been overcome by weeds, at some point you have to quit calling it a flowerbed. You either plant trees and call it a forest, or you plow it up and start over, but yeah it is over."
