TV2 0.00% 0.8¢ tv2u international limited

Ann: Appendix 4D and Half-Year Financial Report to 31 Dec 2018, page-35

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  1. 183 Posts.
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    He will certainly be able to if the contract for Talico is agreed upon. The figures are below:
    Listed FPO - 2.08 billion shares
    Listed 4c March 2019 options - 351 million
    Unlisted 3c Dec 2018 options - 30 million
    Class B,C,D performance options given for 10 to 20 mil revenue within rolling 12 months - 428 million
    Unlisted 1.1c options - 62 million
    Unlisted 2c Dec 2021 options - 5.5 million
    Total is then 2,968,030,821 potential fully diluted FPO's traded under TV2U stock. 
    At 0.05c SP this gives $148 million MC. This is very achievable given the $20 million rolling EBITDA target if met.
    From here if TV2U along with its holders vote to absorb all of Talico's remaining IP once the company is established it will cost another 1 billion FPO onto the registry at the trading price which will be substantially higher as to realise a net profit of $10 million.

    However the big question is that there is no time period on this figure as shown on the third pages the 29th of January release,  is it in a 12 month period?
    This must be known to valuate the transfer cost to holders. 

    If so then revenues would be substantially higher depending on profit margin it could be in the tens or hundred million region either way the SP at this time should be north of 10 cents making the transfer in effect worth well over $100 million to Talico.

    This will create a holding in Talico of over 1.6 billion shares in total just over half the entire registry however it will also dilute holders at this point when they will have seen substantial SP appreciation in the lead-up. At this point while revenues are rising the holdings of all will be diluted in effect by upto 34%. This will then substantially slow the growth of the SP according to the new market cap and approx 3.9 billion shares held.  The question is, at this point, can Talico's IP allow TV2U to truly expand using the technology into new markets such as China, Middle East etc. For holder's sake TV2U will need to utilise this tech to value add to the existing revenue streams and broadening the business from purely OTT using the available developing profit /capital. If they can successfully do this then holders shouldn't have as much to worry about as the company will be highly successful, Nick like all founders of large companies will be rich and hold the majority, but holders will have done exceedingly well also.

    There is a long way to go to that point but the voting for the IP is not far away so does require some thought in regards to the above from holders and their expectations moving forward.

    GLTAH.
 
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