I just read through the 'TV2U Goes Live In Brazil' announcement again and I'm more optimistic than ever. I think this is substantially derisked now and on it's way to moving out of speculative territory. No, it won't go up in a straight line, but I'm confident that the only way is up.
The channel offering is great, we're about to replicate this in Indo, plus this comment from Nick, "...not only a strong presence in Brazil, but also a bridgehead whereby we can expand our operations into the rest of LATAM when the time is right."
In my opinion, a buy at these levels is a solid investment, despite the inevitable daily fluctuations. I believe the real liftoff will happen once revenue starts being reported early next year.
GLTAH.
TV2 Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held