TV2 0.00% 0.8¢ tv2u international limited

If the $1 million deposit from Toomai does not drop and no new...

  1. 310 Posts.
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    If the $1 million deposit from Toomai does not drop and no new contracts emerge then TV2U from Quarter 4 2016 will need to look at wages and expenses with a view to reducing salaries, travelling economy and not business class, and look at how many contractors Lahore needs, have any bonuses been paid, and what purpose do the various consultants employed by TV2U actually perform that can be justified IMO. Salaries are not at startup levels for the CEO.

    Shareholders will need to look to table questions at the AGM to understand the cost culture and lifestyle the salary takers have, as there appears to be little insight into costs and their justification, and by example little output for their marketing and PR team, and how do we justify Jump.If we do not ask the hard questions then we are victims to whatever happens next.

    We need to know on what basis are the key BDM's and the peripheral consultants employed for as the company has been going since early 2014 in one entity or another, which is more significant than the fact that we have been listed 9 months, and has not kicked a goal yet, just a few points IMO.

    What IBC showed is that there are now numerous OTT offerings in the market. Many competitors are offering advanced analytics in one form or another so the TV2U message is now being chanted by others so its getting harder not easier to cut through and demonstrate the point of difference.

    A cap raise at this stage is not supported IMO by the share price so what happens between now and XMAS is critical.
 
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Currently unlisted public company.

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