Originally posted by Jasox
One has to wonder what the point is in posting on a forum when there is supposedly no interest in purchasing a stake in the company.
Unless of course people are infact wanting to purchase but at a cheaper price. It would make sense to voice negative views in the company in the hope that weak hands will let go of shares in fear of the price falling further.
It would also make sense to do such a thing with an expected stream of positive news in the short term. Refer ann KEY PROJECTS BUSINESS UPDATE 14/12.
IMO this year will be good for us holders.
Oh for heavens sakes. The old "
don't know why contrarians post" nonsense. Respectfully, you could easily address the facts and don't be overly concerned with the motives of others.
On the other hand - you could spend time wondering about why others post and ignore the facts that are plainly before you.
TV2 has very little cash available - the CEO is on 350k per year - accumulated losses in the vicinity of $28,000,000 since 2016 and a revolving door of Directors".
Read this - it is rather enlightening in my view.
2018 Annual Report (p. 31)
"During the year, the consolidated entity incurred a net loss after income tax for the year ended 30 June2018 of $4,529,310 (2017: $9,811,066), incurred net cash outflows in operating activities of $4,526,096(2017: outflow of $3,692,518), and had a net current liabilities of -$338,759 at 30 June 2018 (2017: net current liabilities of -$1,047,650).
The ability of the consolidated entity to continue as a going concern is dependent on securing additional funding through capital raising to continue to meet its working capital requirements in the next 12 months."
And then there is the Quarterly Report issued on 1 November 2018 - which you have read in its entirety no doubt? That in itself ought to raise some alarm bells - in my view.
"During the quarter, the Company agreed to issue 3,518,909 ordinary shares to a former director ofthe Company in lieu of accrued consultancy fees. In addition, the Company issued 26,134,249ordinary shares to MEF I L.P. on the conversion of 153,650 convertible notes."
And you worry about others posting facts? Seriously?
