Hi @JasoxYep - I was aware and it's basically I have been...

Hi @JasoxYep - I was aware and it's basically I have been arguing - whether it is set up, drawn down, or not. I think that this type of funding is desperation stakes and it probably the cause of the drip feed of shares into the market

"The First Convertible Security will have a face value of A$1,800,000 that will be repayable over 18months, with an initial repayment holiday of 90 days. TV2U will make 15 monthly repayments ofA$120,000 in either shares or cash (at TV2U’s option)."

It is the same as those 18 month no repayment systems you see at big box electrical stores. It is a funding source used by those who can not afford the goods otherwise. And the admin / establishment charges that ones sees on those calamitous 'free money' deals at the electrical stores is a mere $45,000 - it is simply labelled as a "Commitment Fee" Seriously?

And used for "working capital"? Undoubtedly, that mean NF salary?

Do you know how many dollars TV2 has used to, "... to support the ongoing roll-out of TV2U’s platform and to meet workingcapital requirements." They always seem to be paying out and never taking anything in for the dollars invested. Holders left with the sniff of an income (e.g. the 10,000 subscribers BS)

"The monthly repayment amount in shares willbe determined using 90% of the average of three daily VWAPs per share as selected by Lind duringthe 20 trading days preceding the monthly payment."

And what do you imagine will happen with this condition?

"Lind is extremely pleased to be supporting TV2U.They have exciting technology targeting the content streaming market, which we hope will delivergrowth and shareholder value for all TV2U shareholders”

And why wouldn't they be happy to support TV2 - well everyone but the holders - it seems!

"TV2U will pay Lind a Commitment Fee of A$45,000 andon execution of the Agreement will issue Lind with 30,000,000 fully paid ordinary shares that will becredited or returned by the end of the Agreement and 62,500,000 unlisted options to purchaseordinary shares in TV2U with an exercise price equal to 130% of the average daily VWAP during the20 trading days prior to execution of the Agreement, with an expiry date of 36 months after thedate of issue."

And who on here would characterise those as reasonable commercial terms that are designed to advance the interests of shareholders?

If they needed dollars that badly - why not just ask holders for some more? At least they would not suffer the dilution and being strapped to those rather onerous terms of the Lind "Convertible Security". This is exactly the type of crap that should be challenged - in my opinion.