TV2 (ASX) Chart

Originally posted by goldenx ↑

Technically it has had an exhausted and extended sell down, it has found a bottom at 0.007/0.008 and has stablised at slightly higher levels.
Fundamentally the company has had severe sentiment issues, whereby past mgmt was almost negligent in its behaviour and the sell down has occurred as the future of the company remained very much uncertain.
However, since January, a new team have been appointed and have been working tirelessly to turn this ship around and have done so. Short term pre-revenue funding has been secured, corporate diligence has been cleared up, which has been a timely affair but as of today I think all of this necessary requirements can now be put behind the company to get on with the actual job at hand.
The Company has secured a commercial contract with Sol Telecom for a minimum five years. Sol, have just upgraded their guidance of minimum subscribers for the whole five years of the contract. The company gathers revenue via monthly mgmt fees from each subscriber, for the SOL contract each subscriber is worth between $USD2-3 per month. Please see last fridays announcement.
The Company is on the verge of another commercial contract with PGASCOM which is a subsidiary of PGN, A state owned Indonesian Company. This deal is huge by means of validity to the market and also immediate revenues with huge and speedy growth potential as more and more distribution deals are done with PGAS/TV2 technology. The first distributor will be Smartfren.
The company also has DIVAN tv coming which will use TV2Us OTT format to provide hollywood content to its subscribers in the Ukraine and Russia. Due to Launch in July revenue is unknown but will be on the same monthly mgmt fee basis.

Thats three revenue streams coming on board in the coming weeks.

On top of that we have other commercial contracts to come on board via GTV (LATAM) probably after SOL is up and running plus China Smart Cities with Alan Boyd? the mention of Airlines with Nick Fitzgerald? and more distribution deals in Indonesia I am sure will come with PGAS.

SP is way below what it should be and this is because of sentiment(priced to fail), and imo should be trading between 3-5 cps. If PGAS comes on board it could really get close to that in very short term imo.

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