I have for many years tried to explain to folks that TelVue would be a great stock for someone to buy for the long haul and a long haul it has been. I have been accumulating for 15 years and retaining what I own and in the meantime the company has gone from zero revenue to more and more profit each quarter. There are some things that have remained the same for awhile.
There are 55,000 shares available for anyone who wishes to buy shares and the same number has been there for years. That is until this Friday when 5000 shares seem to have grown thru the floor boards.
There is a 39 million dollar write off for the tax reporting so that it will be awhile before we pay those heavy tax burdens..
We have a back log of work that would stager an elephant. Two contracts from Charter for millions and many PEG channels across the nation that need the hardware of TelVue to the tune of $15,000.00 per share or higher and add a 15 % fee for support.
First about the 5488 shares that appeared for sale on Friday. There is not one single person who owns that many and Gerry is not selling and neither am I. With this latest show of sheer desperation I will be adding. I will be here as long as necessary. I will continue to add. I would expect people who know what’s up here to tighten the screws by adding but that is not necessary. What is important to every investor who has waited so long is we are here and you just need to hold what you have.
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.