Small outfit in N. J. with the worst business plan
Post# of 5282
Small outfit in N. J. with the worst business plan in America. Selling special event numbers to TV subscribers that the cable company could handle themselves. What a loser. So why did I bet on them. Had to go up from that start.
Got into PEG channels. Hyper local TV stations from coast to coast using Telvue technology. The band leader at that time was my friend (give it away) Joe Murphy who never saw a cut price he did not like. It's easier to give it away than it is to sell it. Ask any salesman. In the big picture it worked quite well. Small towns who had limited funds could have their own TV channel for the community and it grew all across the nation. One problem. Not much money in it. Again in the big picture it worked out well.
Next Gerry Lenfest spent way too much money for a losing outfit called Princeton Server Group. Motto "Many and Many new and exciting things". All of which cost money. I kept buying and it still fit in the big picture.
Bad economy. Can't sell servers. Great Idea. Sell the servers to ourselves put them in a building in Philadelphia and call it the cloud. I wanted to shoot myself but never got around to it. Again it worked out so what do I know. I kept buying.
Jesse Lerman next and Princeton Servers. Jess knows squat about the penny market he believes everything he reads about short stock sales written by bashers but he is the best there is at electronic engineering. When it comes to not knowing about the penny market Emmitt Hume is a match for Jesse. At least he got them to do what I asked them to do three years ago and focus on the bottom line. They are doing that now and in the big picture will work out well.
Telvue Corp (TEVE) Stock Research Links
There is no limit to the loss of someone has been caught in a short squeeze.