Replies to post #10273 on Telvue Corp. (fka TEVE)

[gabeh]

Here is their last financial statement from Edgar.
Read it here or below:

http://www.sec.gov/cgi-bin/viewer?action=view&cik=839443&accession_number=0001161697-12-000836&xbrl_type=v#

As of Sept 30, they had $1.4 million cash or cash equivalent

In the last three months eding Sept. 29 they lost 1.4 million.

That says to me that as of the end of the quarter they would have been out of cash unless revenues increased from the previous quarter or the cut their expenditures significantly.

Those are the numbers as far as I can see.

What numbers are you looking at?




Condensed Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012

Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (3,338,994) $ (2,429,388)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation 188,030 201,226
Accrued interest - majority stockholder 251,859 737,403
Stock-based compensation 12,436
Provision for losses on accounts receivable 33,506 5,345
Changes in assets and liabilities:
Accounts receivable - trade (173,910) (267,232)
Accounts receivable - other (35,532)
Inventory (89,907) 38,907
Prepaid expenses (62,766) (7,747)
Other assets 8,749
Accounts payable - trade (371,221) 103,093
Accrued expenses (70,828) 42,973
Deferred service revenue 126,952 105,083
Other liabilities 167 (540)
NET CASH USED IN OPERATING ACTIVITIES (3,494,676) (1,497,660)
CASH FLOWS USED IN INVESTING ACTIVITIES
Purchases of property and equipment (261,225) (106,697)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
Proceeds from line of credit - majority stockholder 5,000,000 1,500,000
Issuance of common stock 17,827 4,500
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,017,827 1,504,500
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,261,926 (99,857)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 151,134 185,954
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 1,413,060 $ 86,097

[agribusiness72]

That was six months ago, and they also said they were looking for 250K by 31 December and looking to get capital financing, they failed at both, then they went dark. I'm not worried, but if I had shares I would be, good luck.