Bottom reached Only my opinion of course but I reckon a bottom has been reached. With the improved facilities and orders looking hopeful I reckon this could take off from here
RNS PeerTV (PTV), a provider of technology solutions for the TV over the internet market, and printed circuit board production solutions has announced that its Digitek business has taken delivery of a major part of the new assembly line, first announced in September 2014.That part of the new line has already gone into operation and the remaining sectors are expected to become fully operational within the next few weeks.The new assembly line, which utilizes some of the most advanced Surface Mount Technologies, is expected to increase Digitek's manufacturing and assembly capacity by at least 50% and facilitate more competitive pricing and direct cost savings.The company stated that following the deployment, Digitek is now providing customers with advanced Automated Optical Inspection, which is a key technique which enables fast and accurate inspection of electronics assemblies and in particular PCBs to ensure that the quality of product leaving the production line is high and the items are built correctly and without manufacturing faults.
Re: Problem with PTV... ...is that they keep issuing new shares to pay off debt and suppliers and in so doing keep devaluing existing shareholders holdings. Not forgetting the recent consolidation.
Re: Problem with PTV... What's the news?
Problem with PTV... Really good news today, def progress being made!Main problem for PTV is that so many people are underwater with this one that any small rise instantly gets sold in to... people need to have a bit more faith GLA
Buying at the right price .... People are still buying ,, is this a good time ?Is there a current business model for these circumstances ?SAGE
Re: rather quiet on this board After paying £5000 to Charles Street sec my investment is now worth £124 so yes Ive given up
rather quiet on this board Everyone given up on Peer?
Boom123 - We have contract news last week and the SP went down lol Today good news and again it goes down
Excellent RNS OUT !
I said it earlier on, It will drop back and has.
Peertv looks to 2015 ...... 19 December 2014 | 07:48amStockMarketWire.com - PeerTV said it is working with its creditors to ensure the ongoing viability of the group and believes that there is an opportunity to turn the business around in 2015 with the continued support of Charles Street Securities and the Yorkville Standby Equity Distribution Agreement facility. During 2014, the group strengthened its balance sheet by the conversion of over $3m of current liabilities and other debt into equity. The board believes that this debt conversion will make it easier to raise further investment to grow both businesses in 2015. Sales in the 9 months to September 2014 were $1.22m with an operating loss of $2.38m. These results reflect the drop in Digitek sales and the delays experienced by PeerTV as discussed earlier. The net liabilities of the Group were $6.6m.PEERTVuring the year the Company continued to work closely with its legacy customer Kartina and acquired a new customer Polsky TV which addresses the Polish speaking population both in Europe and North America."Our Android set top boxes, supplied during 2013, were launched successfully with Kartina in January and all 7,500 units were sold. Unfortunately repeat orders were delayed by the customer's decision to deploy new infrastructure which would enable a more economic and higher quality service to their subscribers," PeerTV said. As announced on 17 September, the PeerTV development team was successful in completing the design and development of a new box conforming to these higher standards which resulted in an order worth approximately $1.2m which was conditional on final technical approval by Kartina to occur within two months of the date of the order. In December written confirmation was received from Kartina that the PeerTV product was found to be suitable for their needs. We are currently waiting for this order itself to be re-confirmed.An initial order was delivered to Polsky of 1,000 units was delivered in August. We anticipate further orders in 2015. Unfortunately, shortages of working capital prevented the Company from actively pursuing opportunities in the wider OTT market due to the level of customization required. This meant the Company was dependent upon these two customers. Negotiations with distributors for the US and Irish markets have been placed on hold for the time being whilst the Company reviews its marketing and financing plans. - See more at: [link]
Re: So, its late December ..... a bit concerned about the 6.2 million usd loss of the meter contract. Doesn't all now hinge on Kartina?
So, its late December ..... ...so what news are we waiting for now then ?Is it still confirmation of order ? .... or does the market sp movements tell us "dont expect this to happen" ?SAGE
what rns email confirmed??????