Originally posted by shodd
@Nath0705 mate there is always a point to selling out - to put your money elsewhere. There's plenty of company's that have management that can hit a timeline that have been sold down due to the macro environment at present. Good buying to be had really.
Unfortunately with TV2 the tech is great, but they started too underfunded to secure content and are now beholden to their partners to obtain the content that will drive subs. If iStream had gained some traction my story would be different. It hasn't, and with it went the last of my confidence in the company to deliver.
"Deals" -
PGASCOM - 12+ months, still no service in production
SOL - 12+ months, still no service in production, yet another "it's launching next month scenario"
Africa - Production launch will be 3 months late if it happens this month, worry for mine is the language in the activities report going from "users will be migrated" to "users are expected to be migrated". What if they don't?
The cash burn has always been a concern of mine as well, but up until today it wasn't front of mind as I believed that sub revenue could reasonably easily cover these costs. But with zero in the way of revenue rolling in, 18+ months after we could have expected to see the trickle start to still have nothing despite services actually being live damning.
I could go on and on, but at the end of the day I'm comfortable with my thoughts and analysis. Everyone just needs to be honest with themselves and the situation and then be comfortable with their stance.
DYOR & GLTAH
Yeh that's a fair call mate.. I will be sticking it out for at least 1 more quarter to see if revenue starts to come in & then if it still hasn't then I will be exiting.
