Bit disappointed with today's announcement; not much to go off besides what we already know, but was such a huge drop in SP justified? There was nothing new announced and so this 'correction' that we saw today would mean that people were probably expecting decent revenue figures and/or deals to be announced (or at least their progress) and since nothing unexpectedly good came up they sold off quickly and thus triggered a few stop-loss orders (and some panicked).
I was a bit taken away by the admin costs they seemed a bit high for my liking but when I compared them to the other stock I hold they seem to be around the same level (my other holding is about the same size).
But really the main thing that annoys me with this stock is the lack of clarity that the company has with shareholders, again with my other holding management are constantly updating us on the progress of sales or purchases not via ASX announcements by via twitter and Facebook (as clearly these announcements are just updates and so its not breaking any regulations) I wish that TV2U would do the same rather than elevating themselves in such a way that we the shareholders need to constantly email them to find out simple things i.e. the update for Divian.tv that we received a few weeks back.
All in all I'm happy to continue to hold, my average is 3c, but I know many others probably have a higher average, best of luck to everyone and DYOR.
TV2 Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
