Originally posted by Basileus
"
TV2U International Limited (ASX: TV2) (TV2U or Company) is pleased to announce that it has enteredinto a new funding agreement with Lind Asset Management XIII, LLC (Lind) to provide:
(a) a secured A$500,000 convertible note (Convertible Note); and
(b) up to A$7,200,000 by placement of ordinary shares (Share Purchase Agreement),"
Oh good heavens - well, well, well, look at that
a CN and a share giveaway. And as for those conditions attaching to the funding ... hmm ... are they in the interests of holders ... do you think?
More dilution anyone?
I believe I predicted precisely this occurrence not so long ago and copped all sorts of criticism for even daring to mention it. In fact, I provided some lengthy commentary on what see as the deleterious effects of CN's.
And the subscriber news for Indosat is ... ?
And people have a go at me while putting up with this?
And it looks like my auditor comment today was also very timely.
Just on this, you are not ''putting up with this'' as you are not a holder.
We (holders) are putting up with this.
