Another great announcement today guys & for me, perhaps the most interesting, unexpected & certainly out of left field!!
We have had an interesting ride with TV2, however I personally think in the last week we have seen massive progress & I think things will start to ramp fairly quickly from here. Is it likely we will see the perfect storm?
- If we can pull off this deal with Body Works we will have provided a specialised solution in a niche market, worldwide & it really adds to our portfolio whilst showcasing our expertise.
- We are still waiting to hear on the announcement regarding the full launch of K2U, however we know the platform is not yet fully ready (IOS), but Karaoke2U online has all of the features of the app included on the site, so it is ready for launch, just waiting on IOS approval & there was a new video released a couple of days ago.
http://karaoke2u.com
- We are now awaiting the progress of 4 Tara deals. As I have eluded to in previous posts, I do not believe the trigger would be pulled until we had a few lined up & ready to go, of which we have now lined up the Indonesian government. I suggest the last investor presentation TV2 presented (around analytics & IOT) was used to line up this contract & that line of thinking shows how governments can be enticed. I suggest this contract will go through an initial tendering process before the first partner on their end is announced, but this will be huge for that company.
http://hotcopper.com.au/threads/current-state-of-tv2.2837733/page-276?post_id=19393268
- The board changes announced last week, will offer speed to market IMO; the changes add active OTT participants with the time & knowledge required to focus on the business (remember Nick has mentioned we can launch a product in 3 months) so this was required IMO.
Options
Then there are the elusive 130mil outstanding options which need to be allocated to someone & will be discussed at the AGM; remember they are to be issued at the discretion of the board & we have a new board now. Will these be used as part of a deal or used to reward long term holders??
Capital Raise
I suggest there will be a raise, however with the deals lining up it could strengthen the ability for TV2 to win further business, push harder into the market & get all of these deals signed off & generating revenue.
Nick
Don't forget Nick holds 30% of the company, but has massive incentive to drive revenue. His performance shares (over 500mil) are all based on revenue within given timeframes, so if he can create as many different revenue streams as he can & launch them at the same time, he gives himself a huge shot at those targets, whilst keeping expenses under control.
In summary, I feel like there is a lot coming up heading into Christmas & if the team can pull it off; then TV2 will IMO will see a nice re-rate & to add to that, you can now buy into TV2 for close to the initial listing price, but with some massive deals close to commercialisation.
Good luck to all, hope this helps
