"
I think people will write anything to push their views without actually understanding what they are even saying!"
Jeez Thermo - these guys have failed repeatedly, for whatever reason, to deliver on so many things. Revenue is always just around the corner. How is that Indonesian thing going?
For Heaven's sakes they have just about "signed" an 'exclusive' deal on every continent on the planet. Still, the SP languishes at less than a cent. I am waiting for a deal to be signed for the "exclusive delivery" of some OTT services to Antarctica! The scientists down there might appreciate some obscure sports channel. No business class travel available though.
And now you want others to dig through and find the numerous failures? They are right before your eyes.
The Jayplus deal is just another in a growing line of "deals". Now, I agree that they may all exist - trouble is that whatever occurs it hasn't put too much into building the value of the company for shareholders.
I think that the suspension may have been placed because someone has doubts about whether Jayplus will actually pay up. Mate ... Jayplus do not even have the funds to complete their side of the deal ... yet!
So, are we to think that '
due diligence' is represented by signing a deal where there's no cash available to execute that deal?
1. "
Subject to JAYPLUS raising the necessary funds from third party investors" (ann 28 November 2019)
2. "
This binding SPA relates to the delivery of sports media content acquired by JAYPLUS"
Well ... it is only binding if Jayplus stump up the cash. In reality, it is only as binding as far as the '
subject to' clause provides. In my view, that is a rather significant '
subject to' clause.
Nothing really confusing about that though - at this stage they do not have the cash so holders should cross their fingers and rest their hopes on the unknown 'third party' coming up with the cash for Jayplus. Stroke of pure commercial genius that Jayplus deal ... exquisite commercial genius!
Staggering that is even titled as a, "Strategic Partnership Agreement" - are you kidding me? Why hasn't / didn't Jayplus organise the funds from these hitherto unknown, 'third party investors prior to signing the 'SPA'?
And for your information I would have thought that 'due diligence', would include ascertaining the identity of the 'third party' and providing some level of confidence about whether the funds are illusory or, likely
I think I might go out today to sign a deal to buy another house. In the eyes of some - apparently I can do that without the requisite funds being available.
This 'deal' is just so TV2U in my view - always, it is always a '
cart before the horse' scenario. Deal signed ... cash ... well that's to follow ... soon. I am not sure why all holders do not rise up together and shout in the faces of the TV2U Directors, "...
we've waited long enough - where's the revenue / cash?"
My question is; of the remaining funds in the TV2U bank account, where are or, will they go and to whose benefit will those funds be expended?
I sincerely hope it does trade again for all of you.
"
Talico is a technology incubator owned and managed by Nick Fitzgerald, also the CEO and Founder of the Company."
(this drivel appears at the bottom of the announcement referred to above)
Incubator? Didn't TV2U purchase the IP off Talico - if so - what the hell do they "incubate"? Frankly, I am thinking TV2U is something more akin to a
composter of shareholder wealth!
What about 'incubating' some wealth for your long suffering holders ... yes, yes ... I know ... that is probably subject to funds being received from some unknown third party and revenue being received in the next quarter or, the quarter after that?
