Replies to post #5940 on Telvue Corp. (fka TEVE)

[agribusiness72]

This is where I get that from:

"It is understood that an important factor in the TelVue Board’s consideration of the Conversion has been the likelihood that TelVue will not have sufficient internally generated resources to repay the Notes as they become due, and may not be able to refinance the Notes on acceptable terms in the current environment. "

That's from the Proxy statement. So what do you call a company that has the inability to pay its debt? Mr Lenfest is accepting shares because that's all this company has to pay it's debt. It's in black and white. Internally generated resources, ie not enough revenue to continue. I call that on the verge of a restructuring bankruptcy. What do you call it??? That is also where I form an opinion that Mr Lenfest is discontinuing his financial support for this company, otherwise he could continue doing what he has been doing give them more money, but that's not happening is it. So they will be looking elsewhere and as the proxy says, use "shares as currency". Continued dilution.

Now you can answer why you feel its inevitable that the investor wins with this deal. Did you read the same proxy I did?? Good Luck!!