Many here have been around the penny market for years. They , much like myself, have lost money here . Did they bet on a company that did not exist ? Did they put their money on a company that never had a product and never sold a thing and never made a profit or did they bet on a small company with a great idea that had no money and had to be financed by shareholders only to be bad mouthed and bashed by paid creeps who's sole reason for being was to get you to sell so those short shares could take the price down and buy your shares for nothing and ruin the company and move on to the next target.
Been going on for years. Everyone knows it. That’s not the case with TelVue.
TelVue is owned 96% by Gerry Lenfest a gentleman who loves to give his money to those who he feels deserve it.
There are 55,000 shares available in the float as of two weeks ago. Now there are 56,000 because 5488 shares have been offered at a price of $14.00 . 1000 of those shares have been gobbled up and stashed. The reason is simple. This shorter is short a zillion shares and has to do something.
He can not just wait for the company to destroy him. I mean they will anyhow but he is in the water and has no life jacket.
SLEEP TIGHT SHORTY. TELVUE LONGS ARE COMING FOR YOUR ASS.
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.