Hi StevenID,
The reason I wrote what might be a theoretical possibility of a company liquidation was based partly on the fact that I had been contacted previously by Mr Brian Stevenson, who alleged he was involved in both Digital Rapids and the first attempt at TV2U with the Nemont POC phase 1 project.
I had heard of this person from TV2U staff directly and so gave him an audience. He showed me that he once owned the domain name for tv2u which in the last year he sold to Huawei. so a person would not own such a domain name unless they had some interest in a project concept called TV2U.
I heard a story about what happened in the early days of TV2U that if true concerned me. I based my observation in part on the fact that subsequently was contacted by Mr Awee from BV Sports in Indonesia who also had a disturbing story of poor conduct by TV2U towards his company, and he followed up with a letter that I still possess with a demand for damages and recompense for $1 million due to the failed BV Sports POC and venture. I have no idea what is the veracity of his claims and left the letter dormant.
The original TV2U Prospectus contains the BV Sports project as a pipeline activity and I found internet search returns linking the said Awee to BV Sports. I also based it in part on the fact that I was then recently contacted by another third party asking me to investigate the british equivalent of company registration websites as this person had formed a view that TV2U was potentially in trouble and were concerned about where matters might head.
if you do a company look up at http://www.companieshousedata.co.uk/postcode/52058
You will come to a website which lists the companies at
UNIT 4 NAGS CORNER WISTON ROAD NAYLAND COLCHESTER ENGLAND CO6 4LT
This region and this address has previously figured in correspondence around TV2U British addresses.
Each company in the search return has a link which defines who is the director and corporate officers.
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Company Name
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UK COMPANY NO
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| 4 |
GEOSYNTHETIC TECHNOLOGY Limited
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2522950
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| 6 |
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| 7 |
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| 8 |
TARA IP Limited
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9391252
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| 10 |
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| 11 |
TARA TV LIMITED
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9531913
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Venue2U LIMITED
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9789229
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| 15 |
Karoke2U LIMITED
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10060230
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| 17 |
INNOVATION2U Limited
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| 18 |
10164266
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| 19 |
Connected Cloud Solutions
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| 20 |
10280787
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Connected Energy Solutions
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| 22 |
10290487
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| 23 |
Connected Security Solutions
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10291995
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| 25 |
I2U LIMITED
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10293660
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I guess one can wonder why you would register business entities and names in the UK for artefacts like the K2 app which are registered in Singapore for the benefit of shareholders due to better taxation arrangements?
The connected Cloud based entities imply an Internet Of Things flavour(IOT) which was trotted out at the Netherlands Trade Show in Q3 2016 as being a new TV2U line of business. Tara is also supposed to be a TV2U Shareholder entity registered in Singapore and then there is a registration to hold the IP for aspects of TV2U in Britain.
I also was partly influenced by the fact that Tv2u staff had previously told me directly that listing the company on the ASX was a reluctant step but required to source the capital to finalise the commercialisation and potential of the concept. Taking these 4 threads of information together It made me think and so I put out there in the debate where things might potentially end up IMO if the company went into liquadation for any reason.
Remember that a company may not be run aground onto to the rocks as a wilful act to fail so to speak, it may just fail due to unforeseen events such as not commercialising its opportunities or getting litigated. For example we even saw several years ago a plane crash in Africa killed the entire Management and Directorship of a mining company on the ASX and that act of god affected its future and ability to continue.
You seem concerned that I might be implying that the company would be deliberately trashed and that no one would put their reputation on the line for such a scenario, and that no one would invest in anyone in the future if that happened. I am not implying that and the probability is low of company failure but IMO increasing if dynamics do not change in this quarter.
Even with 500K in the bank that StevenID mentions, what about the impact of legal expenses for barristers and legals, plus the risk of being fined as unplanned bottom line expenses this quarter. The POC spend will probably be higher than normal quarters IMO.
I agree partially to your argued position. However I have seen investors keep piling into private and public companies under the control and oversight of corporate rogues like Yosse Goldberg, Alan Bond, and many more since the heady days of W.A. Inc, and the ASX itself is overwhelmed at the backlog of investigations into corporate malfeasance and skulduggery that it has before it in ASX companies to investigate. People invest in any venture they think they can make a buck out of.
It does concerns me that the name of the founder never appears on any company documentation or announcements which in itself means linking him to past ventures will be not as obvious in future searches online via google etc. There may be legitimate reasons why one would not put one’s name to key company announcements but what signals does that send to shareholders when that occurs?
If it was my company I would lead from the front and show pride by penning all the key announcements in my name. its common practice in the other companies I have invested in over 30 years.
There maybe other companies linked to the company directors and founders which are just other unrelated business ventures to TV2U and that is fine as many entrepreneurs have fingers in numerous pies. I am only interested in any that give appearance to being TV2U linked.
Also you can enter these links and find other apparently linked entities:
https://www.gbrbusiness.com/company/Innovation2u-Limited
https://www.sgpbusiness.com/company/Innovation2u-Pte-Ltd
DYOR and this post IMO.
