Thanks for that. Development costs vs consultant expenses... somebody had fun. Seems like that document was produced very early this year, and reads like they where fishing for a buyer. Presenting this to a buyer and they be thinking...
To use TTV I need to buy a tpod, download an app, be in an area with TV reception OR Download an app, be in an area with Wifi / mobile data reception
Everything is App these days, even apple said it with the new apple tv. Accessories such as the Tpod don't fit anymore.
Probably sensible not to post any of the figures from the document here.
The obvious question, if its prospects are that good, is why doesn't Granite keep it? Or if it needs to sell, why hasn't it already done so?
But its (lack of) success to date can't be properly judged on the tiny alleged marketing spend to date so it might appeal to someone with the money - and a reason - to invest in it. But it has no cash, no valuable staff and no physical assets so they would essentially be buying just an IP licence and some software. Do they even own the tooling for the hardware units?
Interesting document.... Looks like it was written by a 10 year old. Very poorly written. The Accounts they display are fantastic!! Reporting a loss of over $6,000,000. Projected revenue I think is far too loopy, after 3 years of marketing they only have 500 users.... And someone seems to think this technology and business is worth millions? Good luck! They are going to need it!
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