The issue is not about the past, its not even about the present,...

The issue is not about the past, its not even about the present, it is about the future and the various scenarios that may play out commercially. TV2U originally only raised its minimum requirement to trade and so from day 1 operated on a scarce capital model.

Since then the subsequent cap raises have been modest again an operating model that runs as a percentage to retained funds at a figure that is above norms. This dictates a strategy be put in place so in the potential eventuality that income is less than expected, delayed, or not forthcoming, a plan exists to guarantee the solvency provisions of the ASIC/ASX regimes is observed.

The fourth quarter 2016 will tell the story and if nothing material eventuates income wise then the Board must consider the cost/expense side of the business or its not doing its job IMO.

Salaries are just one lever they have to play with in this eventuality but it a potential issue that should be discussed by us as we move forward as we are stakeholders in the success of this venture.