2 years $1420000 spent on admin no project

In light on the recent diversionary tactics, it might be better if we focus on THE FACTS.

Because YOU, the shareholders, are not interested in me, or any other posters on HC. What you are interested in, quite rightly, IS YOUR MONEY. And how YOUR MONEY is being used (or in the case of BTV), not used. Spent.


Here is an extract from BTV's DECEMBER 2007 Quarterly report:

"During the December quarter the company has continued with its strategy of securing an interest in a project or business that in the opinion of the Directors would increase the already impressive asset base on the company, adding value to the shareholders."

Try the SEPTEMBER QUARTERLY, 2007...:

"During the September quarter the Company has endeavoured to
secure an interest in a project or business that in the opinion of the Directors would increase the already impressive asset base of the Company and add value to the shareholders. Projects have been targeted and assessed and this strategy will continue."

THIS IS FROM 2007!

They have not had TWELVE months to find a project. THEY HAVE BEEN LOOKING FOR 2 YEARS!

The company has been through a complete bull and bear cycle, without being able to find a project.

TWO YEARS. No project.

During this time, have a guess how much their admin expenses were?

$1,420,000.

That's right. Without even factoring costs associated with project evaluation, JUST THE ADMIN was $1.42m OF YOUR MONEY.

DO YOU THINK THIS WAS MONEY WELL SPENT?

Because without exception, ALL the people who have responded do not think so. Like you, they are very unhappy and are taking action.

Join the action, rescue and return your money. Email PortfolioPlus privately, and in confidence, at:

[email protected]

BTV - share price 8 cents. Cash 11.5cps, NTA over 21.5cps. PROJECTS - NIL.