CTV 0.00% 0.8¢ colortv limited

Failing to bounce back?, page-2

  1. 2,009 Posts.
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    IMO the whole purchase of Net Zero was to be able to reestablish a working relationship with publishers who may have previously blackened EN1.

    As EN1 had historically accumulated significant debts from non payment to publishers, the whole intention of Net Zero could have been to reopen doors to publishers which the company was no longer able to do business with by offering upfront payments.

    Following on from Net Zero launch, EN1 released the "Legacy Debt Sprint" announcement to reduce legacy debt prior to Christmas 2019. Which debtors were chosen to have their arrears accounts paid and which weren't ?

    The financing costs of Net Zero has been significantly high as holders are well aware of, ROI would be zero if the numbers were scrutinized taking into account interest Alto received on conversion of share based payments.

    One does have ask, what was the purpose of Net Zero ?

    For mine it was because some companies would only deal with EN1 on a C.O.D basis after being previously given the run around for payment of services provided.
 
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