Ann: TV2U Licences Technology to Sol Telecom for Latam Growth, page-199

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kevscranes

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27/09/18

02:40

Post #: 35867867
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Originally posted by Letting it Ride ↑

The following is all only imo, dyor

Whether or not this company is successful in the long term, the recent CR terms certainly seem to encourage downward pressure on the SP in the shorter term. Monthly repayments calculated at a VWAP of Lindt choosing each month is heavily weighted against Shareholders if this company doesn’t generate recurrent revenue to make cash repayments.

This is an opportunity for TV2 management to demonstrate that it is putting the best interests of the Shareholders first and not the funds provider. Progress some projects and provide your Shareholders with an update. If we remain in the dark on key projects e.g. PGAS, over the ensuing months our management alliances will be self evident.

Here are the key terms in my view which make SP manipulation appealing. This may require a strong stomach in the short term

“The First Convertible Security will have a face value of A$1,800,000 that will be repayable over 18 months, with an initial repayment holiday of 90 days. TV2U will make 15 monthly repayments of A$120,000 in either shares or cash (at TV2U’s option). The monthly repayment amount in shares will be determined using 90% of the average of three daily VWAPs per share as selected by Lind during the 20 trading days preceding the monthly payment. The 15th and final payment is scheduled to take place in March 2020.
In respect of the First Convertible Security, TV2U will pay Lind a Commitment Fee of A$45,000 and on execution of the Agreement will issue Lind with 30,000,000 fully paid ordinary shares that will be credited or returned by the end of the Agreement and 62,500,000 unlisted options to purchase ordinary shares in TV2U with an exercise price equal to 130% of the average daily VWAP during the 20 trading days prior to execution of the Agreement, with an expiry date of 36 months after the date of issue”

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Hi Robbie the biggest shareholder is Nick the dilution be smashing the sheit out of him , so one would hope he's on the shareholders side rather than the note holder.
It wouldn't be in Linds interest to be manipulate this too much and scare the punters away unless it's part of their plan to accumulate more . Just my thoughts.

TV2 Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: TV2U Licences Technology to Sol Telecom for Latam Growth, page-199

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