R3, you know that I as well as many others here have shared the same optimism as you regarding Tivus. I believe in the technology and have held my core shares for that reason alone.
However, I have to disagree that despite the bad economic times and rotten financing options, Tivus missed the mark in anticipating and planning their financial needs. This has contributed substantially to the current dillemma they face and will continue to face.
Simply put, with over $600k in convertible notes outstanding at a current s/p of .0012 and a 50% discount/.0006 as terms of those notes, this financing alone stands to add 1 billion new shares to the O/S at today's s/p. If they convert at a lower s/p then the added share count will be over 1 bil. This means major dumpage will occur between .0006 and .0012.
In addition, the warrants attached to these notes will allow exercise at .0009 or 150% of the conversion price of .0006. This will add another ~667 million shares if those warrants ever find themselves in the money. Meaning there will be very strong resistance somewhere in the .0012-.002 range as they dump those shares.
This will be a continuing trend into trip 0's as I see it. The only savior is major contract or refinancing announcements.
Announcing plans for an uplist at this point as well as the audit is almost silly and fruitless.
Tivus is in a tailspin and the farther they let this fall, the harder it will be to restore faith and get back on track.
Another share restructure beyond the recent 1 bil revised AS looks highly probable according to my math.
Shareholders here should be dissappointed, should speak up and should demand answers. Those who suggest that the dissapointed sell and liquidate may get their wish and another downturn in s/p. I agree dumping here is crazy and this is all a gamble. A gamble which I took upon myself and blame no one for. The upside is diminishing with the s/p and Tivus needs to pull an Orca out of their hat cuz a rabbit just won't do it at this time.
For those playing the charts, the dilutive supply of shares override prevailing chart plays. There is just to much supply and too little demand for Tivus shares right now.
As always, do your own DD and don't listen to me. Its all just my opinions. GLTA
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