So maybe you missed these 2012 activities:
1) 1 for 200 reverse split, subsequently bringing the pps down 90 percent.
2) Grand dilution when debt for shares executed adding hundreds of thousands of presplit shares to the outstanding shares.
3) Last five million turned into preferred shares that pay interest, last report over 100,000 interest due mr lenfest.
4) Mr Lenfest stopped funding the company, his support was the only thing keeping this company going.
5) Publicly released info that TEVE was seeking 250K by 31 December, unable to obtain.
6) Publicly released info that TEVE was seeking capital investor, unable to obtain.
7) Personnel layoffs
8) Inability to pay SEC reporting fees and going dark.
9) Not to mention previous financial reports showed one aspect of business declining rapidly, cost of increase of PEG revenue increased more than the revenue itself. Continuing to burn through cash.
10) Extremely low float which equals a serious liquidity issue. A low float is NOT a good thing.
11) On the pink sheets for ever (see level 2's previously posted)
12) What ever happened to Donna Liu, Director of new media services, in the greater NY area (as per linkedin) the much touted marketing expert that was going to turn TEVE around??
Spin it as you like but there has been no positives. An award in 2011?? If that's all you have, it doesn't pay the bills, the investors, or anything else. CFO, in my opinion, was brought in to do exactly what is being done, privatization or sale. There is no other explanation to the above.
AI
