XTV 0.00% $1.60 xtv networks ltd

I wouldn't think much of a chance Mitz....that Bergen got...

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  1. R08
    2,702 Posts.
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    I wouldn't think much of a chance Mitz....that Bergen got out-sharked. I remember the company ann stating the xTV patents were initially insured for $15m as part of the $3m-$5m, E W Bank, Silicon Valley loan taken out by xTV.

    This is a big IF - but once this closes out in disaster for all holders here....it could well be that Bergen jets off into the sunset with a potential $15m patented asset which cost them $2m. Even if the insurance figure is over inflated and the patents are actually worth half of the stated value; Bergen are still well in front. Pretty good business model, seeing opportunity where others do not for Bergen. Joe was desperate and got into bed with the business world devil.....they don't throw money away. But, Joe has thrown away all investors money through his decisions.

    IMO
    Last edited by R08: 19/09/16
 
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