I think you make some very good points.
(a) "... payment firmly placed in Company's coffers say by 12 Jan"
Agreed.
(b) "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."
Agreed. And that is a rather large legal bill. I expect that it is related to the recent applications to the Federal Court. Although I think that is a tad large. The legislation for relief is there - the precedent is there - not sure why it would have been so costly.
(c) "How do we gauge if this is actually the case?"
Very good question.
(d) "... reluctance to provide a financial forecast-section 8.9 of Prospectus"
I would say that it is too difficult to provide a forecast. I think 'reluctance' implies an intent to avoid the question of financial forecasting.
TV2 Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held