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Ann: TVN Letter to Ineligible Foreign Shareholders -Bonus Options, page-10

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    If you're saying that guy, who is obviously pretty well skint is well served by going all-in on TVN to support a life in a third world country, then you're either a liar or a fool. So which is it?

    You can say it as much as you like but rebranding the company name doesn't make it a new company - it's the same hugely expensive unproven tech, in the same small cap. Though I guess abandoning one low grade unfeasible project for another makes for something new to put in the PR.
 
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