Hi Steven,
IMO I think the best result for TV2U at this stage would be for Divan to buy 30-40% of TV2U, or even completely take them over if only to secure their mooted contracts and customers. Takeovers and Mergers and Acquisitions are better than organic growth and Divan's capitalisation appears to be such that it is now able to execute M&A's for growth.
The only obstacle might be what robust due diligence might discover that impedes the incentive to do a takeover, as alluded to by company announcements. Shareholders can potentially benefit from such events and some punters may risk buying low hoping for a takeover event but they should do their own research before assuming that would take place.
Communication or its lack is at the heart of many shareholder relations issues here at TV2U. IMO the leadership sets the tone as I have met them numerous times and personally I have found their communication skills deficient.
I am in the top 5 shareholders for shares and top 6 for options, am a sophisticated investor, have recently quit large PLS and other lithium shares and so are very liquid. In the almost 12 months since listing as a top TV2U shareholder I have never received a single investor call or investor email from TV2U or ECP so go figure that!!.
My experience of PLS and other Lithium companies was that investor relations people sent myself emails and were proactive with sophisticated investors.
I have not been contacted in this latest TV2U raising, and I doubt I will receive an offer for unallocated options as the offer is not just for sophisticated investors but "loyal sophisticated" investors, and I challenge and question too much IMO to be regarded as loyal.
I was also recently in Dublin Ireland and went to Blanchardstown where Xunity are based. Based on what I was told there IMO the STB and content deal previously announced by TV2U appears long dead. The manager told me the boxes they had out of China had unauthorised content(I assume he mean't pirated), and could not be sold into the USA, and they have since changed business direction.
Xunity appear now to be a major electronics retailer and appear to be trading OK in the Irish market.
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