No Trust, page-93

I might throw my 2 cents worth here. Suspect that the relationship build starts small and then builds up. Suspect karoeke was to be the first thing launched on Divan from the first meeting, yes that is what I believe, before the launch we are waiting for (i.e. the former to also test compatability of systems TV2 has with Divan). Nonetheless, was surprised that they are still negotiating the price for entry in terms of the August deal - it still isn't locked down but would have thought it would have been locked down in the last week or so - but really what is been said is that the profit in effect is a three way split, it just boils down to how much that Fortune 500 company wants for the Content Delivery Network, with the remainder split 50/50 between Divan and TV2.. At the end of the day a deal will be made as all parties are there to make money and don't want another party to cut the mustard from underneath them. If anything might point to a week to two delay here again.

In terms of experience, coming from a mining and energy background timelines are general indicative for start ups - TV2 is a start up tech company IMO - so not surprised. If it is certainty around timelines people are after spec stocks are not for you so invest in blue chips. All IMO IMO IMO

In addition, in terms of the first few deals you know TV2 may not make as much money as people think. But once it gets its foothold in the industry and grows its business its bargaining position improves and the deals after that is where the money comes from. In a way, the delays in 4 and 5 deals might be because of this factor IMO. Draw that pain on the current deals, get your market penetration through proving up your technology in your first couple of deals and then from September onwards be in a better position to fully exploit that technology on new deals (as now in the drivers seat as technology would be shown to work). Not any different to the how new companies coming into any industry start up.

If dreaming of rags to riches from just the current play of Kareoke and Divan, that remains a dream. The money comes from the subsequent deals and when the Divan deal comes on stream fully for TV2 IMO the improvement in bargaining position is what the market will price into TV2 going forward. Just a thought as to also why the Options are priced at 1.2c now as well, when compared to the heads price (noting it costs 4c to convert the oppies to ordinary shares).