5 years. $35m+ gone. That’s an average of $7m a year. Dec 2020 there was $180k (circa) left in funds and not a financial report since. It is now July…. 6 months later. How is the business effecting solvency at present ? Perhaps explains the reluctance to release financial reports ?
Let’s look further into the thought process behind this - were those directors that resigned being paid? Nicks Salary alone for 6 months is $175k…So that alone dissolves all the cash. But wait, the call will be revenue has sustained the business. You can bet your bottom that Tv2 would have gloated and announced financials if they were in a positive position to do so due to strong revenue. Well - They ain’t because there ain’t any.
TV2 Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
