Telvue Corp. (fka TEVE)

[agribusiness72]

This has nothing to do with philanthropy, it has everything to do with Business. On what do you base your revenue numbers? Mr Lenfest has STOPPED supporting the company, I'm sure he has plenty of other causes to give his money to.
Why would you continue to throw money away....., all he was doing was paying the salaries of management, the best he could hope for was to get something for his generosity, since TEVE management stated they could not pay the interest much less the principal so he converted to shares, and even that was disastrous. He gave one last 5 million for preferred shares which once again, TEVE cannot pay the interest.
TEVE does need capital, they specifically stated in their last financial report, and they did not obtain it, instead they went dark. And I'd rather see Mr Trump in charge as he knows when to cut his losses and move on, seems Mr Lenfest is learning to do the same thing. Both his companies are money losers, especially for the investors. TEVE and ETCC.
Have you seen what other companies charge for monthly cloud services? TEVE would have to gain tens of thousands of customers in order to make the amount of money you say. They don't have many, check out their website, no longer a laundry list but a handful of clients. And at 20-75 dollars a month? Not much more they can do before they fold.