IMO its a big jump for a drone company to build a vertically integrated business by having their drones potentially able to stream content into consumer video feeds like a Facebook by association with an OTT platform related company. I believe the due diligence simply made it too technically risky and the tech skills around it via staff are too expensive and hard to source.
If you turn that proposition on its head then TV2U could easily adopt a drone technology as a vertically integrated piece of a broadcasting operation but I am not advocating that either, just pointing out that would be a more achievable way of integrating the two.
I think in this case the snake tried to take on a too large pig and vomited it back out and ran away.
It is not uncommon for companies due due diligence based on MOU's to see if a merger and acquisition might suit both parties. It is sometimes a smart way to build a company.
TV2 Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
