I believed in their technology and still do. I also believed in...

I believed in their technology and still do. I also believed in their stories but no longer. I exited the game a couple of months ago with massive loss after about 3 years in the mud. The decision was not about technology but management and timing of the technology to market.

Over 3 years Nick has not demonstrated his ability to lead the company through jungle. What I see is stories were made again and again without sincerity until no one believe. That such a good announcement as latest one, which could possibly rocket other shares to sky, only brought SP down is a prove. Every time CR or CN, different lenders were used. Even though they speculate instead of invest, IMO, once they knew more about TV2, they knew their money in higher risk than thought. So no one wanted to risk their money for the second time.

More importantly it is market. Last train of OTT has left platform. The recent deals Indosat, Solgo and Africa can probably bring some revenue. But we must know time of OTT booming has passed. Situation has formed. The strong becomes stronger and less and less chance for newbie to break ice. Revenue perspective, it would take much longer than a few years ago to break even. Whether it could survive until then is a big question.

Although I did not post a lot, this would be my last one on TV2 to mark the ending with this game. Good luck to you all.