You are not buying Gerry Lenfest's shares. They ar
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You are not buying Gerry Lenfest's shares. They are not for sale. Gerry Lenfest owns 91 % of Telvue (TEVE). He does not want your money and he does not need your money. Gerry has been giving his money away for years to all sorts of charities.
To start with there are 55,000 shares available. Your not getting my 7200. There are many others who are holding shares they will not sell. If you think 10 shares will make no difference in your life you would be wrong about that.
Hold what you have. If you can see your way clear to pick up more then do so. They will become very nearly impossible to come by in the very near future. At the close of business yesterday there were 100 shares showing for the asking price of $15.00. I have no way of knowing if these shares are from someone trying to sell or if they are 100 shares of air offered by the market maker in an attempt to make a market here. It does not matter which they are. They are there for now and can be picked up 10 or 20 at a time. We will know if they have been shorted soon enough.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.