Since Feb this year....X 8 Trading halts, X 3 Suspensions - amounted to ??
75m options plus another 43m options granted to - well, undisclosed....
Revenue = currently $10k approx a month, expenses as per last qtrly approx $400k a month - ridiculous.
A number of questionable deals announced, with no cash or confirmed / contracted agreements.
Toomai all of a sudden quiet, Divan 6 months behind, no extended revenue disclosed from k2u in the last qtrly, Indo $3.5m payment subject to the attainment of customers, a health company deal without disclosed revenue and now a secretary that has performed a primary school error. The ASX was very quick to slap a suspension on the company after the company reply to the ASX aware notice. I would just hazard a guess that they may not also be happy with the consistent flood of sudden new deals overshadowing the option placement IMO. Seem to be a closely watched entity.
Looks a little messy and a little time / dollar consuming to get this out of suspension quickly - trade again by end of next week would surprise in my opinion. I appreciate the optimism of the many holders and posters here - the company NOW really needs to look after you guys.....before it is too late.
Can the next two "material" contracts awaiting announcement feature genuine $$$ attached ? History is against it, but really anything is possible here.
TV2 Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held