Not sure at this stage??? Qualified for a reasonable sized parcel as at 5pm 29/12/2016.
Company now predicting Toomai payment 500k arrive mid January, 2017. That payment firmly placed in Company's coffers say by 12 Jan - then yes would take up offer.
Matters of concern are - cash payment to legal (Steinepreis P) $436K payment to ECP $450K incl costs of offer. Free share issues to ECP 75 million, 43million, 57million and 130 million.
Now perhaps some would say that ECP accepting these shares as payment for services should give us confidence in TV2U. This would be the case where the value of services provided were far greater than the current value of shares. How do we gauge if this is actually the case?
Also of concern is the Company's reluctance to provide a financial forecast-section 8.9 of Prospectus. Plus known risk factors including that none of their current negotiations could turn into a signed Contract. Now if a contract would be executed before 12 Jan- then yes would take up offer
Only 10 channel capability from their KL hub - What does that mean?
TV2 Price at posting:
1.0¢ Sentiment: None Disclosure: Held
