Ann: Notice of Annual General Meeting-TV2.AX, page-20

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Aussie Eagle

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31/10/16

10:30

Post #: 20243327
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Originally posted by stocktraderman ↑

Of those 37 pages, page 20 reads pretty dire. I noticed that nobody has commented on it, but it needs to be highlighted.

They clearly state they have $1.1 million cash in the bank but the last report stated back in July showed $2.6 million so they have spent on admin, general working capital, etc etc $1.5 million in 3 months!!

They forecasted back in July that would be $700,000 and I recall a post that I said it would be a $1,000,000 guess I was wrong!

So this ridiculous cash burn rate demands either an immediate and very substantial revenue announcement, like as of today or a CR is inevitable. And based on previous CR's it will be at a 35% discount rate to current share price. So look for 1.1 cents

I notice many are suddenly talking about the need for a CR but how can you give them more money when they only have $33k in revenue?

Today's/tomorrow's announcement will be very interesting to say the say the least.

BTW Kev and others you guys have to bring this up at the AGM

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STM .. why would you say this ..time was 3hrs Before the TH

"Today's/tomorrow's announcement will be very interesting to say the say the least."

Were you referring to the 'announcement' as being the quarterly update ?
Or is there some other info behind the reason of your posting ?

Edit...I retract that, the 3hrs confusion is the WA v EST time diff lol..
I hate Mondays

Last edited by Aussie Eagle: 31/10/16

TV2 Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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