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Ann: Replacement Prospectus-TV2.AX, page-23

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jiska

2,863 Posts.

216

02/06/16

13:40

Post #: 17934293
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Originally posted by supermajor ↑

I read through the threads after the announcement come out yesterday on the correction to the initial document and am confused at what so many were so upset about. Seems like a bunch of shareholders are clueless, or maybe I'm clueless. My understanding is that nothing has changed in the final analysis except that the upfront cost to secure the options has gone up to the minimum of what is allowed by the asx which I understand to be .001 cent per option.

Is the following correct?

"PRIOR TO THE AMENDMENT" - a typical investor of TV2 owns 400000 units of stock as the record date. He is therefore entitled to 100000 options exercisable at 4 cents each in 2019 or before at his discretion. To secure those options he must pay $10 upfront and $3990 ON OR BEFORE 2019 to convert. Total cost $4000.00

"AFTER THE AMENDMENT" -a typical investor of TV2 owns 400000 units of stock as at the record date.
He is therefore entitled to $100000 options exercisable at 4 cents each in 2019 or before at his discretion. To secure these options he must pay $100 upfront and $3900 ON OR BEFORE 2019 to convert.
Total cost $4000.00.

Note - exactly the same cost.

Can someone confirm this is correct. If it is correct why on earth would you whingers sell to these hungry accumulators who are spending hundreds of thousands of dollars in line wipes, buying your stock, some of it at a higher price than the previous close and all the rest just under that close to the tune of over 146 million shares transacted in under 2 hours. Even I bought over $120000 dollars worth. Hope some of the bailers answer. Not having a go at you. I just don't understand your problem.

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The price is not the issue, and I never suggested selling. The issue is the incompetence of management.

TV2 Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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