Did you forget about the $2.7M in funding the company has access to via the latest CN? Or are you another who is too bitter to accept their loss and move on?Obviously CNs aren't ideal, but we're covered for cash until mid next year at the least in order to get the subs rolling in. That is the fact of the matter.
I'm not one of these types that cannot see the downside by the way - there's a substantial risk that the business will not generate enough in sub revenue to obviate the need to seek further funding next year. I believe that a lot of this risk is actually out of TV2s hands, if history is anything to go by.
Also if I'm honest then I believe the chances of success (despite progress having been made on the technical side) are the lowest they have ever been. BUT, in my long term holding methodology I don't just sell out of a position just because of an arbitrary price being reached. Had I done this over the years I would not have collected many bags in other investments. Sizing correctly and knowing when you should exit are key to being able to hold over the longer term in the spec end of the market. Orderflow or arbitrary based stop losses are for short term stuff. The most I'll lose on TV2 if it goes belly up is 1R (I suspect a lot here are many times larger R than they should be). I'm here to collect the 5-10R if it presents. The mathematics is pretty simple really.
