Not too long ago the Bid was 30 cents. It will be there again. I am not sure how much you paid for your small amount of shares but you will be able to get out soon if that is what you truly wish. The funny thing is that when the Bid was 30 cents there was no mass exodus of shareholders for the door.
Perhaps the better answer to all your questions casting doubt and suspicion on TelVue is itself a question.
If this company is such a "POS" when why is it even at 20 cents at all and not a penny or sub-penny like the vast majority of stocks being discussed here on I-Hub?
The answer is that there are some of us that have made buying and holding TelVue a true cause. Not only do we buy and hold TelVue but we ask our friends and family members to do so. Do you really think I would risk my reputation and my relationships with these people, some of whom I have known a long time, to get them to lose their their money in a scam?
This is not about the company RIGHT NOW. It will be eventually. If you think I came here expecting the company to become blue chip overnight then you will always look at me and some of the other posters here like we have 2 heads.
A long time ago people put their money into companies, got their stock certificates and put them in a safety deposit box hoping those companies would make money someday. In order to sell them they had to call up a broker and pay sometimes hundreds in commissions. I always wished my dad or grandad had given me some share certificates in some company but it never happened. Now we buy and sell stocks like we change our socks and it costs almost nothing. This is part of the problem with this system but I will say no more as we will quickly go off-topic.
And here you have the real reason why this stock is not at a penny or sub-penny. You have here some honest investors that have bought and held their shares. And you have some of us that keep buying and holding and keep telling their friends. And on the other side of the table you have the Big Bad Wolf. He's so Big and Bad that he has a playbook that was written by a 12 year old. He's no better than a schoolyard bully. Selling shares to some people at Ask and to some people at Bid and making it go up and down and shaking the trees. What happens when people don't sell - we'll you're looking at what happens. A 20 cent Ask will soon be 30 and so on but who knows when it will come.
I say WE, the investors, win. All that is necessary is to keep buying and holding shares, getting them as cheaply as possible. THOSE HOLDING THEIR SHARES IN THE END WIN.
If these things are not understood, then the person not understanding them will feel continually frustrated. When the lights come on and someone gets it they know this is the place to be. If NITE ever took your money in any other stock here's a chance to get it back. It's that simple but not everyone agrees or understands. That's okay, thank God it's still a free country.
If you're not getting this and you want to get out I will try to bring more buyers over here so you can sell and put all this horrible experience behind you.
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