Yes, reading same statement. $2 mil doesn't go very far. They don't have Delhi at all. Delhi is a huge city. They have simply negotiated a TRIAL in one station using one simply screen.
You mention " in their latest presentation they indicate there could be more deals". They have been saying this for a long time now. Empty promises. Why then is the Share price so low?
In regards to TDI deal.....it's a win, win situation for them. XTD supplies equipment and labour to put up the ONE screen. They can't lose. XTD....has $2 mil sitting in the bank and have decided to take a cut in profit by sending crew to India because they simply can't sell the product elsewhere, otherwise they would be utilising the funds to place screens elsewhere.
Their idea will be copied so fast in India......and competition will set up screens that are far more pixelated, with free wi-fi internet for viewers and other sort of additions.
All IMO of course.
XTD Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held