Paying the outstanding ASIC fees simply kicks the winding up can down the road further, and also defers/delays other actions which would likely result from that process.
Tv2 had some value as a back door listing vehicle (for a business that has substance) while it was suspended, but that opportunity ship has now sailed.
All it is now is a company with no money, no operations, no staff etc. It’s an empty shell with a bunch of shareholders left with nothing to show (apart from a capital loss if they decide to sell their shares to the service offered by delisted.com)
If the original proponents of Tv2 had any new ideas, they would simply incorporate a new $2 company and commence running it in that entity, and back door list that via one of the many shells that are currently suspended on the ASX. Why give a free kick to the existing shareholders? It makes no sense, especially given the previous track record.
The only way shareholders have any chance of profiting off any new related ventures will be to put their hands in their pockets and subscribe for shares in the new vehicle (sorry, lol, that sentence was difficult to type - don’t want to appear as though I’m giving holders and false hope. Any who put more money in chasing this loss deserves where they end up)
TV2 Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
