Alternatively $1m may not be what they asked for but may be what they were offered. Hopefully cash burn will be very closely monitored to take Tv2 beyond the first revenue cheque/s. One major question still hanging overhead is how do they propose to cover the costs of content rights and delivery of OTT services as set out in the prospectus from the last CR.
TV2 Hotcopper Holders Calculations, page-646
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