New TV2ers, don't worry - I bought the original GAL. One holding is free carried thanks to a couple of swings at PRA, but the other was underwater for about 6 months, including a 2 for 1 consol as StevenJD said. The fundamentals are sound with many different cash streams in the pipeline. Two have started already. If just those 2 bring in the cash they conservatively forecast, the SP should be about 35c.
This is a low capex, rapidly scalable business, so the med. and long term SP outlook depends on the likelihood of TV2's partners achieving their subscription figures. A small part of this revenue stream is from Karaoke.
Expect news flow in the near term which will move the SP, but use the time to do more research.
Scorp
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