Well the only ones dining out on TV2U right now are the lawyers!!
Interestingly if you look mid photo you will see a white woman who is Shelly the admin person for TV2U.
Unless she happened to be on holiday at that time I wonder how a startup company with cash flow issues justifies taking this type of staff role half way across the world for a POC?
The deal needs to land as the cost of the POC will add to cash burn in quarter 4.
Any POC has risk and TV2U previously attempted a POC in Indonesia with BV Sports in 2013/14 that failed to commercialise after some effort.
IMO this PGASCOM deal was more substance about it but I would expect commercial decisions to take longer in Indonesian business circles to finalise than by end Q4 2016 based on business dealings I have had with them in these last 18 months. Things can drag on in my experience for little discernible reason which seems to be partly cultural.
My contacts in Jakarta rate this venture as having the corporate muscle behind it to proceed.
TV2 Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held