XTV 0.00% $1.60 xtv networks ltd

Exactly Redman, this move happened about three weeks after Joe's...

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  1. 1,816 Posts.
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    Exactly Redman, this move happened about three weeks after Joe's departure.

    You can't help bad luck but in this case I do feel Joe does have some explaining to do.

    In the space of two months, how was it possible for XTV to:

    Go from this: 20/4/16   "$93.5m letter of intent" triggering massive share turnover

    http://www.asx.com.au/asxpdf/20160420/pdf/436mqntfb9bpsx.pdf

    Followed in five weeks time by:  31/5/16  "US$10m funding facility secured" to support the orders announced in the previous report.  So all going well to here....

    http://www.asx.com.au/asxpdf/20160531/pdf/437m0lcr6pmjjh.pdf

    Then right out of left field just 14 days later GAME OVER!   14/6/16 Trading halt due to restructure and departure of Joe.

    http://www.asx.com.au/asxpdf/20160614/pdf/437vsr79lnkr10.pdf

    A good lesson for all not to commit more than you can afford to lose to these types of companies.
 
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