TV2U management would have raised more if they were not confident of being able to secure deals this quarter.
"Funds from the placement and rights issue will be used to strengthen the Company's cash position moving into the final stages of service delivery for important contracts in Indonesia and Brazil."
This shows that the focus is currently on PGAS and SOL Telecom/GTV and they have noted the declining share price and intend to complete these deals to maximise shareholder value (IMO)
Just remember that the director's performance rights are on the basis of the company's earnings.
I would like to see director's buying on market to express confidence back into TV2, especially the two new directors.
