I know there will be people who are going to post "it's another LOI" and "we need to see money in the bank", etc... yes, I don't disagree, but this is still a good announcement. It's another future stream of revenue.
Not all agreements go through for different reasons, but companies don't waste time signing in the first place without the intent to proceed. It's a good sign of faith. Even if the TV2 converts only 50% of all LOIs into money into the accounts, the company will still be in a great position.
I like and trust what management are doing.. have the faith and patience people!
TV2 Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held