When you look back over the last several price falls almost all of them have coincided with CRs. The company has the deals and the relationships that it needs, but it is going to take time for them to get things going.
I am not suggesting that retail investors should buy at this stage nor am I saying the price is likely to rise anytime soon. The price is going to be low for months until we either announce revenue or someone buys out all the lind shares which currently are throttling the share price.
Why would cancun be buying so many shares if they thought the company was not undervalued? Why would they bother buying a company that was never going to go above 1 cent - which we were at just a short time ago before the CR.
For me I am going to trade and build up some money outside of TV2 and buy in once it looks like we are getting closer to some revenue. At the moment though it is a bit of a dud.
TV2 Price at posting:
0.4¢ Sentiment: None Disclosure: Held