Ann: Notice of Annual General Meeting-TV2.AX, page-20

First 20 Last

Share
Profile

Follow
Aussie Eagle

2,134 Posts.

592

31/10/16

10:30

Post #: 20243327
Share

Originally posted by stocktraderman ↑

Of those 37 pages, page 20 reads pretty dire. I noticed that nobody has commented on it, but it needs to be highlighted.

They clearly state they have $1.1 million cash in the bank but the last report stated back in July showed $2.6 million so they have spent on admin, general working capital, etc etc $1.5 million in 3 months!!

They forecasted back in July that would be $700,000 and I recall a post that I said it would be a $1,000,000 guess I was wrong!

So this ridiculous cash burn rate demands either an immediate and very substantial revenue announcement, like as of today or a CR is inevitable. And based on previous CR's it will be at a 35% discount rate to current share price. So look for 1.1 cents

I notice many are suddenly talking about the need for a CR but how can you give them more money when they only have $33k in revenue?

Today's/tomorrow's announcement will be very interesting to say the say the least.

BTW Kev and others you guys have to bring this up at the AGM

Expand

STM .. why would you say this ..time was 3hrs Before the TH

"Today's/tomorrow's announcement will be very interesting to say the say the least."

Were you referring to the 'announcement' as being the quarterly update ?
Or is there some other info behind the reason of your posting ?

Edit...I retract that, the 3hrs confusion is the WA v EST time diff lol..
I hate Mondays

Last edited by Aussie Eagle: 31/10/16

TV2 Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

OPL

Opyl forms JV with UK and US consortium to bring products to the world