It's sad how shareholders are always taken for a ride. When investing in any company, shareholders should only consider facts and not pie in the sky forecasts.
FACTS
1. The net assets of the company is minus $216k - no value
2. Minimal revenue and huge losses ($4.6m lost last year) - no value
3. It cost $1.2m per quarter to run the company - no value
4. The recently raised $2.7m in convertible notes is not only dilutive to existing shareholders but will run out in just over 2 quarters - no value
5. Nick received $700k+ last year. In a private company directors would not get paid until the company is making money.
Based on the above facts, in my opinion I think even at current prices the company is way OVERVALUED.
Shareholders should look at facts and do their own research before investing in any company.
TV2 Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
