Ann: Appendix 3B - Conversion of 70,000 Con Notes, page-3

I have seen a lot of delays (unfortunately) in a lot of companies I've invested in.. most of them been explorers becoming producers in the mining industry.

When building something from scratch, you need a lot of patience. TV2 is no exception.

I understand the frustration, and hopefully these are the last of the CNs to be issued, but management have one last chance to make Brazil work, and then Indonesia.

If they can pull both of these off, which I believe they can, then more deals should be a lot smoother later on.

A few months from now, I believe (or is it hope?) that we will be having multiple revenue streams with all the hard work done.