Ann: Trading Halt-XTV.AX, page-595

If you want to make money off hot air you may not want to bait this sour grapes ex holder too much. If you are any good you would have sold above 3c. But judging by your post you are in the process of getting caught in your own hype. You are forgiven as all newbies do that.

Some points you may wish to consider, I can't be bothered going over all previous announcements to quote it all:

*Loyalty oppies - a lot of holders got pissed off about the bungle.

*Tony Velleca to be appointed to the board - retracted

*2 x $1.8 mil 5 years contract with UST and Innovativ Health. Innovativ Health pulled out soon after. You may wish to enquire whether UST is still in the contract as the revenue seems too low. $1.8mil for 5 years = US$90,000 per quarter!! So what is the revenue for last quarter?? That's right AUD$41,000. Big red flag there. Also check out ust.tv - it's left there to rot. Why would they pay $360k a year to do that?

* $3 million was raised for expansion into Asia - zit result

* Significant distribution deal with major USA Telco Carrier - unnamed but Joe told us off the record it was AT&T. 300 sales staff, video support centres already established. First sales already received. We made it clear that the contract sizes are to be $100k+/month etc etc. Nothing.

* MOU with Pacific Magazine - too small can't be bothered lol!

* Agreement with Headcase VR for the Michigan VR App - dead in the water

* Pumps and pipes conference - "our premier of a live broadcast event" Nope still operated under Hendriks.

* Acquisition of Hendriks has moved them into the $3 trillion dollar market lol. No customers other than ones acquired from Hendrik.

So all the announcements were met with nothing but disappointments. And today obviously is no different.

Wake up and smell the roses! AT&T obviously do not want to be associated with a shonky tiddler.

Look at the quarterly, they are burning nearly $2 mil per quarter trying to salvage a failed tech. virtually no revenue and dwindling very fast. I'd be questioning those monthly customer figures too in light of the latest fluff as it does not align with cash received.

So the XTV business has failed to take off. Their only choice now is to acquire something else to salvage the business. First it was Hendrik, now it is this dud din0saur 3DTV that someone else is only happy to unload to XTV. Joe has got a couple of months of life line left to get this deal through so that XTV might get another couple of years of life as the cash burn is horrendous and he has already sold the crown jewel to the debtor. He might have stuff it all up in the current bungle with that ambiguous AT&T LOI. There's always another fluffy ambiguous announcement to try and salvage the situation IMO.

The situation is much more dire than people would like to believe so take off your rose coloured glasses and see it for what it is.