Ann: Annual Report to shareholders, page-50

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AzInAsia

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08/10/20

19:44

Post #: 47955804
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Originally posted by Dakoda: ↑

Hi @gaza08, yes it was a disappointing report, but not unexpected as it covers known events up to 30 June. Going forward, it’s obvious we need to relist and I’m expecting we will when the company is ready / ASX is satisfied.

I’m only going to make a couple of comments on the report:

1. The report states the Group anticipates a need to raise additional capital over the next 12 months - obviously I’m hoping if we have to, it can be raised at a reasonable price. Ideally, if we can earn decent revenue from our projects this year this would minimise any capital we need to raise.

2. Standard & Poor have given us an A credit rating.

“An obligation rated 'A' is somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories. However, the obligor's capacity to meet its financial commitment on the obligation is still strong.”

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3. I believe the reason the Tv2u companies have been set up as overseas entities for effective corporate tax management.

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LOL - Thanks for the laugh this morning @Dakoda - I nearly fell off the loo I was laughing so hard - you do realise that most sovereign central banks don’t have a S&P rating of A or A+?
The only central bank I could think of that would be in the same Junk rating as $TV2 would be Venezuela!

TV2 Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
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