I touched on why I think this is significant on another thread..
Here it is FYI
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I would say the opposite only because with this news we now have a clearer picture of how the business is going to operate without the Hub that we hoped was going to be financed through the CR.
That didn't happen so even though we have penned two significant deals/partnerships that they said will bring immediate revenue, the question mark was how are we going to do it without the Hub??
Answer to the question, Amazon Alliance!!
Picture is much much clearer, this thing is a reality now.
Divan deal has Samsung on board.
Fingers are in the Billion dollar karaoke pie.
Using Amazon that some other billion dollar companies in our industry use.
Management are making some smart plays and mixing in the right circles and we haven't even been trading more than a few weeks!
Then there is the Loi with Akamai and Partnership with Humax to implement Tara in there product line that we are waiting on updates on, management are busy and haven't let us down yet so who knows what's next????
TV2 Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held