Ann: US$93.5M Letter of Intent from AT&T to purchase 3DCloudTV-XTV.AX, page-1001

I am getting sick of people saying that the letter of intent by AT&T isn't worth anything. The letter of intent is subject to the successful completion of the deal for xTV to acquire Telepresence technology (TPT). TPT developed and patented the 3D imaging technology that is used to produce 3dcloudtv...

How on earth are you meant to have a signed binding agreement to purchase 2500 units of 3dcloudtv if the acquisition of TPT hasn't even completed yet? You can't, it's impossible... So that's why the letter of intent is there, simple as that... It has nothing to do with AT&T not being sure of what's to come, it's just an intent to purchase $93.5m worth of 3dcloudtv because the deal with TPT hasn't been finalised yet...

Do you really think AT&T would go to the effort to do all the roadshows if they weren't committed to this partnership with xTV? xTV and TPT deal will go through, it's a certainty, there is US$93.5m initial prize after the completion of the merger... Note the word initial... Yes this is the word AT&T used in the purchase announcement, which means in laymans terms that there is more purchases to come!

The Letter of Intent sets out a proposed order for initial bookings with a value of US$93.5M for 2,500 3DCloudTV units

This is only the start of the re-rate, getting rid of stale holders and the ones that made a profit yesterday... Next week and for the next 6 weeks of roadshows will be interesting and don't be surprised if there are more unit orders soon....