Replies to post #6907 on Telvue Corp. (fka TEVE)

[agribusiness72]

Thanks Jack, and if he says no then ask him why he is not just extending the current notes or renegotiating those notes, why is he diluting yours and others shares?

[xxxxcslewis]

I will look forward to your post Jack. TIA.

[xxxxcslewis]

Jack,

Since you are going to the meeting and I expect there will be sparse attendance, I believe you may have the opportunity to present a proposal. Would you consider making the following proposal?

Proposal

Upon completion of the reverse stock split, the company declares a stock dividend of one share for each 100 new shares owned. The dividend will be paid in cash for those owners of less than 100 new shares, or for any fractional shares.

Assuming there will be 1.5 million shares outstanding after the reverse split would mean a maximum of 15,000 shars would be issued to pay the dividend. 98% of the shares will be owned by Lenfest, et al,. Perhaps altogether 99.5% of the share will be held by shareholders with 100 shares or more, so the dividend will not be dilutive to them, or require little if any cash to be paid to those shareholders.

So of the 15,000 dividend shares, an amount of value repersenting approximately 75 new shares would have to be paid in cash. That would amount to less than $10,000.

TEVE is a very unique situation. The adoption of this simple proposal has little consequence on existing shareholders but might have very interesting consquences if the theoretical naked short "community", is a fact.

Check my math, I think it is correct.