Here we have an email from the clown who proposed the 200 to 1 split in the first place. Can you say ID 10 T. He has no clue. Thank God we were ready for some dummy and refused to sell. He is surprised. You bet he is. He is dumber than dirt. We need to get buyers and that will happen but the most important thing anyone can do is hold what you have. If someone wants your children or your shares you need to trust me when I say you won't miss the kids all that much and you can buy them back. I can not send a copy of what I answered him with because of mixed company.
Joseph - I cannot trade one way or the other in the stock, and I cannot put my friends into the stock at any price - the reason relates that to the non-public information that I have about the company. This was the advice that TelVue's outside counsel provided relatively recently. My sense is that some market maker needs to step up and do what they are supposed to do - which is take a little risk - and get paid for in - and put out bids and offers that reflect a more reasonable spread.
I am surprised that if there are no buyers at $100, a lower ask has not been put out. I am equally surprised that if there are no sellers at $6.00 at higher offer has not been put out. The only reason for this is that the existing holders are not willing to sell at a price at lower than $100.00
I am also surprised that some shareholders who generally like the stock and have bought in shares at a lower price, have not entered some offers to sell at prices that would represent a profit, but not a liquidation of their positions. The reason that I am surprised is that there was usually a willingness to sell from some holders at the pre-split $0.50 share price.
Will have to check on how far the exchange of old shares has progressed to new shares, and what can be done to accelerate that if it is lagging.
Emmett
Telvue Corp (TEVE) Stock Research Links
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.
