At what point do the ASX intervene and ask for a please explain? Based on the only publicly available information at this time, a reasonable person can only conclude TV2 is currently insolvent. The available cash on hand vs the expected outflows at the end of last quater would indicate the bank account is empty.
Regardless of advanced negotiations as stated in the activities report, without an official announcement to the contrary, one can only assume TV2 has no money remaining. In my opinion the company should feel compelled to update the market immediately to adhere with continuous disclosure requirements.
