Ann: Convertible Note issue, page-33

For me it is like TV2U raised $3 million at 1.8cents per share which is a premium to current sp.

TV2U is now cashed up to carry out its busy schedules of works regarding OTT service set up with Sol Telecom, PGAS Indonesia, FibraRede (South Brazil),
Smart Home expansion business in China, 4G STB rollout with Xunison and Visiontec. There are so much going on and TV2U needs money to carry out all of these works.

This convertible note is a good method of fund raising compared to typical "sophisticated investor placement" where they usually gang-rape a start-up company for 10%-15% discount, plus f*ing crazy amount of options, plus fees paid to a broker who arranges the deal, plus options paid to the broker...So, for me this CN is quick, easy, and effective with minimum potential share dilution.

So, we are back on our feet with $3mil cash to blaze ahead. Typically I have seen so many companies raising funds and then a few days later bring out a hugely positive news. I always suspect the money usually come from "related parties". Anyway, looking forward to that "hugely positive news" in days ahead.