Posted On: 04/30/2014 5:50:31 AM
Post# of 5282
I have been buying shares of TelVue stock for 15 years. I do not think I have ever missed a shareholders meeting. At that time I have sat and talked with the owner (Gerry Lenfest) and in the beginning the first CEO I remember whose name was Frank. After Frank came the next CEO and his name was Joe Murphy. We sat and discussed what had gone on over the year and very little if anything about what was in store for the future. Telvue has always been closed lip. TelVue was heavy into PEG channels and not much else at the time.
When TelVue bought Princeton Server Group I felt they paid too much at the time and when I went to the shareholders meeting I said so to the new CEO (Jesse Lerman). Jesse Lerman is still today the CEO of TelVue and Gerry Lenfest major stock holder and is the 96% owner. Anytime I was at the shareholders meeting I have always had time to discuss my feelings and concerns with those present and the rest of the board of directors. TelVue was always a strictly quiet and conservative company and reported their every move on time to the SEC. They never made any money but they reported on time.
With the advent of Mr. Emmett Hume the company has gone dark. The fact that I have never communicated with the company , outside of the shareholders meeting remains the same with the one exception where we were asked to forward a request for a financial report if we wanted one and to sign an NDA. I suspect it’s much cheaper to send out 10 financial reports than 250.
Over the years I have never sensed any form of plan where the company did not have the full respect of it’s shareholders.
Telvue has changed over the last 4 years under the direction of Jesse Lerman and I now feel we did not pay too much for Princeton Server Group. This company is making money. More each quarter than the last. The year-end financials will be audited and they will be here when they get here. The shareholders meeting will go on just as it has for 15 years and it will be announced when it is announced.
HOLD EVERY SHARE OF TELVUE YOU CAN GET YOUR HANDS ON.
AS WE GO FORWARD SHARES WILL BE MORE AND MORE DIFFICULT TO GET.
PLEASE DO NOT SAY I NEVER TOLD YOU THAT.
When TelVue bought Princeton Server Group I felt they paid too much at the time and when I went to the shareholders meeting I said so to the new CEO (Jesse Lerman). Jesse Lerman is still today the CEO of TelVue and Gerry Lenfest major stock holder and is the 96% owner. Anytime I was at the shareholders meeting I have always had time to discuss my feelings and concerns with those present and the rest of the board of directors. TelVue was always a strictly quiet and conservative company and reported their every move on time to the SEC. They never made any money but they reported on time.
With the advent of Mr. Emmett Hume the company has gone dark. The fact that I have never communicated with the company , outside of the shareholders meeting remains the same with the one exception where we were asked to forward a request for a financial report if we wanted one and to sign an NDA. I suspect it’s much cheaper to send out 10 financial reports than 250.
Over the years I have never sensed any form of plan where the company did not have the full respect of it’s shareholders.
Telvue has changed over the last 4 years under the direction of Jesse Lerman and I now feel we did not pay too much for Princeton Server Group. This company is making money. More each quarter than the last. The year-end financials will be audited and they will be here when they get here. The shareholders meeting will go on just as it has for 15 years and it will be announced when it is announced.
HOLD EVERY SHARE OF TELVUE YOU CAN GET YOUR HANDS ON.
AS WE GO FORWARD SHARES WILL BE MORE AND MORE DIFFICULT TO GET.
PLEASE DO NOT SAY I NEVER TOLD YOU THAT.
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Holding TelVue shares has made it the billion dollar bomb shell it is.
There is no limit to the loss of someone has been caught in a short squeeze.
There is no limit to the loss of someone has been caught in a short squeeze.
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