Ann: Quarterly Activities Report-XTV.AX, page-48

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02/05/16

15:05

Post #: 17653595
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Originally posted by angusrimmer ↑

My feeling is that perhaps this deal is still on the table. My belief is that they have as said "that the contract is being terminated for convenience"

Think that perhaps AT&T weren't wanting this out there yet for whatever reason so they made XTV retract the public ann on the contact as such and have now indicated that the original contract was "being terminated". This doesn't mean to say that they couldn't be in the process of putting in place a new contract from scratch on the T&C's of AT&T.

It seems that for some reason that AT&T didn't want this out there yet or weren't ready. Being the bigger player perhaps they wanted control over the release of the situation.

Again the reason for the termination given is that "AT&T didn't approve the announcement". Quite clearly they want to be in control of this. I really hope this may be a wake up call to XTV management and that they (AT&T) intend on the renegotiation of a new contract, or perhaps it sit still pending in some form.

The fact that they have included the "pending" and "anticipated" 2500 order in the quarterly may also substantiate this view.

It just seems very strange AT&T would just bail entirely over an announcement.

I think they have pulled the contract of the table and they will renegotiate on AT&T terms. (Lets hope)

THIS IS PURELY AN ASSUMPTION based on reading the wording of the quarterly and announcement and is IMO - DYOR

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I tend to agree the Contract was for initial delivery in July for $1.8 million.
It is apparent that ATT is not the end customer
So will be interesting which Telecommunication company gets to eat ATT's lunch.
The fact PCM is training its sales force means this will have traction and add to the attractiveness to ATT's competition.

XTV Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Quarterly Activities Report-XTV.AX, page-48

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Ann: Quarterly Activities Report-XTV.AX, page-48

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