Revenue from Indian advertising certainly wouldn't be miniscule compared to Melbourne or Brisbane given the fact there would be many more stations to roll out TVs at. I take it you don't know much about the Indian advertising market. Billboard ads at popular metro stations are still $10k+/month. It's not peanuts because you're dealing with a lot more people. TDI can charge a premium because they deal with large brands like Apple, Mastercard and Flipcart (A large Indian online marketplace).
You're simply repeating yourself. They won't need a CR due to the ability to get credit lines and the fact they'd be rolling out TVs over a period of time.
May I ask what your agenda is if you don't hold shares?
Ann: XTD Corporate Presentation-XTD.AX, page-33
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