When it comes to revenue, all ott company's revenue is hindered by high content cost, and as for tv2u it's not just high content cost but also the the high cost of management as a startup team, nick has earned 650k in last two year even he has stepped down as CEO 6 months ago, and salary was deferred imo because of low working capital last quarter so we shall see cost ramping up this quarter. Deals are delayed without proper explaination or rationale.
They clearly mention they need captial to cover for cost base.
Technology is another question with recent shift to OTT cloud signaling they don't have enough resource themselves to cope with demand. Their current technology can only support up to 20 channel, and we all know cloud costing more for the company as they need to engage third party for hosting and data management.
ASX in another bloodbath today.
GLTAH
TV2 Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
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