Short Term Trading Weekend Lounge 20-22nd Nov, page-44

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syzygy

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21/11/15

10:42

Post #: 16447039
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Originally posted by itnqst ↑

STTCOMP TV2, FA Long

Galicia Energy Corporation (ASX: GAL), a Peter Wall shell, is estimated to complete its acquisition of TV2U International Limited on 30 November 2015 and is schedule for Re-quotation on ASX under the proposed ASX code of TV2 on 8 December 2015.

“TV2U’s main business model involves: (a) building content hubs that can offer next generation TV experiences on all screens including phones, tablets, laptops and TVs; and (b) providing a managed service to operators who acquire (either outright or in partnership with TV2U) the content hubs so that they can provide premium TV grade live and video on demand (VOD) services to end users.”

Prospectus 10/11/2015

From the Prospectus:

“For a public offer of 200,000,000 New Shares at an issue price of $0.02 per New Share to raise a minimum of $4,000,000, with the ability to accept oversubscriptions of up to a further 300,000,000 New Shares at an issue price of $0.02 per New Share to raise up to a maximum of $10,000,000 (the Public Offer).

This Prospectus also contains an offer of up to 130,000,000 New Shares and 50,000,000 Options (exercisable at $0.03 each on or before 31 December 2018) to the holders of Convertible Notes on conversion of the outstanding balance of their Convertible Notes (the Convertible Note Offer).

The Public Offer is scheduled to close at 5.00pm (WST) on 23 November 2015 unless extended or withdrawn. Applications must be received before that time to be valid.”

Prospectus 10/11/2015

As at the date of this Prospectus, the Company has 381,123,662 Shares and 3,941,181 Options on issue. My approximate estimate of the Market Capitalisation, based on a share price of $0.02 with minimum raise is 11.5 million; with a maximum raise is 17.5 million. Note the last close, which was prior to a 2:1 consolidation, had a share price of $0.012.

Reasons for tip:

I am tipping this so early because I thought some of you may wish to take advantage of the Public Offer that closes imminently.

TV2U looks like it has the potential to generate real excitement in the market. Upon re-quotation the issues that have held GAL’s share price back will have been resolved. Whilst there may be some early selling from those who buy the Public Offer I do expect it to close sufficiently above $0.02 to make it a worthwhile STT COMP prospect.

Of course all IMHO; DYOR - including reading the prospectus.

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itnqst,
is the public offering that is closing on Wednesday for exiting (Gal) holders or anyone?
Thanks
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Short Term Trading Weekend Lounge 20-22nd Nov, page-44

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