Research, page-3818

Looks like we’re back to the bottom drawer for another 6-12 months.

As others have stated, clearly revenue is an ongoing issue and when/if this company will become a going concern. I don’t expect to see any revenues of any substance until at least the 1st quarterly (as a minimum) this FY. I also expect a further CR an imo there is likely deliberate downward pressure to make this CR as appealing as possible. However, imo the lack of timely updates and amateur announcements is the greatest issue with TV2 atm. It’s generating frustration, concern and likely contributing to the already existent downward pressure.

What l do expect is a business update on PGAS and Brazil. Below are the most salient updates related to our key rojects, if we ignore the useless business update on 8/3/18

Brazil Announcement 9/2/18

“ It is expected that the Due Diligence will include confirmation of access to premium content in Brazil and should be completed within 3 months.”

It’s now 5 months, any danger of an update of substance? There are some who purport to be updated by the company but I’m only interested in material market updates.

PGAS Announcement 9/5/18

“As of the beginning of May the antenna systems necessary for downlinking linear channels have been erected at PGASCOM’s primary data centre in Jakarta, ready for TV2U to incorporate this into the head-end installation week commencing 14th May. Delivery has also been taken for digital decoders and related equipment necessary to ingest live channels into the OTT platform. Final installation and commissioning is expected to take a further week from that point.”

It’s now 8 weeks, what’s happening?

IndoSat

“Under the terms of the contract, the streaming deal will run for an initial 36-month period through a subscription-based revenue share arrangement with Indosat”

What does this mean for recurrent revenue and is there any project plan or timeline for this to be rolled out?

Genuine and informative updates will influence investor confidence and resultant SP. Until this happens it’s moth balls in the bottom drawer.

And lastly with the dilution of this company over the years it is more appropriate to benchmark MC not SP when referencing historical data.

GLTA and all imo, signing out til the next announcement.