"this acquisition is expected to strengthen TV2U’s position in Brazil as the first independent OTT broadcaster."
I'm not one to defend this latest announcement, and I think everyone had high expectations which was fair enough after TH and suspension. When you expect a great announcement and have been waiting so long for revenue, and don't get it, the market punishes the share price.
Like others, I'm disappointed, but being a long term holder, it just means I have to hold for longer for my returns. However, I am still happy to hold (perhaps even accumulate more if the price drops and I have available funds).
Months from now, the share price will be back over 2c, and a year from now more than 5c.. a very nice return on the current price... all IMO of course, so DYOR.
TV2 Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held