I agree Tboner. I invested in a large Convertible Note on the back of the announced original China deal in 2015. Now some 2 years later its groundhog day but this time we have a real connected insider to make the announcement plausible so its a good result for long term and short term holders.
I sold down a large part of my investment for profit when the ramping started but still hold a nice free carried parcel. I also know this industry quite well as I am working full time in a parallel world of digital gaming which includes real time streaming of gaming video content.
I was a critic of the TomYoung led kool-aid brigade and their alleged rampings in the early days headed by Schumaker and the like but now at least one can feel the business development arm of the company has a tangible feel to it. The Chinese deal has great potential and will need a Boyd to navigate the paranoid nature of the Chinese who do not trust sharing intra-country data outside its great Firewall of China or with foreign companies.
I am still taking a longer term perspective on the income stream likely to flow from all these announcements as early income is dedicated to the COGS of establishing services. Some new technical staff will probably need to be employed to run these projects so the company which let go staff like Susy and Samy will need to build it up again. At least the future looks positive and there are professionals involved in the executive team to realise the commercialisation.
IOT smart home bundling of video and other services is a concept that was touted by some providers at Broadcast Asia 2017 so TV2U will have a unique implementation approach via IVAN for this but there are other companies attempting similar business models so I do not agree there are not other companies out there with the same idea or a solution of some kind, but its an early adopter position TV2U is in and thats where larger profit margins are typically made.
For instance Cheik from Vector International has a smart building solution that involves entertainment and he is operating in China and Malaysia. They were the original company that TV2U attempted to partner with to get into China via Stereoscope Clouds in 2015.
The patents issued raised by birdchirp in terms of the Talico relationship with TV2U is something I can see most shareholders do not care about as the focus is on share price rises at present. The shelf companies were setup in the UK as noted on here previously.
The EGM will wave through all the motions IMO. Once commercial pricing of subscriptions and the profit margins are determined then we can start to properly understand the profits after COGS that will drive share prices in the longer term.
Just hold on and let time take its course as rewards come with patience.
TV2 Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
