Ann: Response to ASX Appendix 4C Query, page-139

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birdchirp

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06/05/17

11:57

Post #: 24515529
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Originally posted by kevscranes ↑

Hi Figjam2708 I happy for you to have gotten a out with a profit mate and you are correct about the mismanagement of Tv2 .
Thats reason for the near death of what should have been an exciting new enterprise.
Part of that mismanagement was Tom he should never have announced Tomai it was something that was being looked at by the company no funds were put towards it and the market took it as a soon to be done deal now we never hear the end of it Mr Young had 130 mil shares to dump for a quick profit his right to do so, but to dump such a large amount on market and destroy the sp of a company he appeared to be passionate about being successful, well Gordon Gekko would be proud and the current situation Sp is the legacy of this along with all the other crap that has happened in the past disgruntled ex employees incompetent administration court case .
We now have new capable management who share Nicks vision but inherited the stench left by those before that they are busy cleaning up.
I believe after this near death experience Tv2 with some funding to keep them going until revenue starts to come in around July , which we should know about one way or the other next week. Sol telecom already signed up Pgascom close now Smartfren to follow now the Indonesian holidays have ended also with Alan Boyd on side with his vast connections I would expect a decent sort of rerate in the coming months .
If you ask me why I for one think rerate it has nothing to do with blind ignorance it has to do with research and politely asking questions of the right people.
Glta and Dyor.

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ECP (Young and Co) dumped nearly double that amount over the last 12 months (refer to the year end accounts June 2016 ) and netted a fortune.
Good summation @kevscranes

TV2 Price at posting: 0.7¢ Sentiment: None Disclosure: Held
7 Upvote

0 Great analysis

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