Just heard Tivo is looking to settle or sell. They are running out of money and if no decision on their behalf they will have to declare Chap 11. It may be as soon as next week...Courts last day of session is next Tues.
"Just heard Tivo is looking to settle or sell. They are running out of money and if no decision on their behalf they will have to declare Chap 11. It may be as soon as next week."
the 4% 150 million is designed to provide a longer term hedge for some investors. The short crowd.
The fact that the loan is convertible into common stock at a higher price than at issue confirms the investors intentions and indicates assumption of positive suit results.
IMO TIVO was approached with this offer and wasn't seeking financing.
no one listens to paindoctor... he is very short the market for a long time...
yeah lets keep bumping this stupid post up to the top. Sure maybe google will buyout tivo--every stockholder keeps praying google will see the light and buy tivo---Not in this lifetime.Please Rogers sell this company to anybody soon before everything has no value