Just playing devils advocate for a minute, so put yourself in the clients shoes.
Shown a tech, that fits our needs?
Are we ready to spend the money today? final investment decision?
Do we consider a competitor for review?
Do we have confidence that an unknown startup can use our money and not eventually go into administration?
So fair question - if one of the POC proceeded, and TV2 again ran out of cash before delivering the clients platform, where does the client stand? That might be in their minds presently?
Its catch 22, but could argue the positive, that tv2 could raise more money of the asx at higher prices even, if confidence has turned up. So it needs the POC chicken to commercialise , before the asx pays for the eggs.
TV2 Price at posting:
0.5¢ Sentiment: None Disclosure: Held
