TV2 0.00% 0.8¢ tv2u international limited

Ann: Convertible Note Issue for $1.0 million, page-8

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,352 Posts.
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    taow back on the "positive brigade" now I see.

    Cash was always coming, one just needed patience.

    This is a great announcement, but it's not an unexpected announcement.

    Most people here (except a few posters) were expecting a finance deal of this sort very soon anyway.

    Also, the company that's providing the cash would've done it's due diligence and felt confident that TV2 is worth the investment.

    The important thing is that it will provide us with much needed cash until revenue comes in.

    "The Convertible Note Agreement entered with the Investor provides a clear pathway for TV2U to fund its final investment in stage one of the roll out of the service to Sol Telecom and to be in a position to provide these services to other customers. It is expected that these services will commence in July 2017 and as a result the Company will quickly become cash flow positive."
    Last edited by tutes: 16/05/17
 
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