The Loan Notes are convertible into equyity .... this is from the RNS at the time of the investment ...."The Loan Notes will accrue simple interest at the rate of twelve (12%) per cent annually until December 31, 2014 unless an IPO is concluded prior to this date, increasing at 1% for each six month period thereafter until the final maturity date on 31 December 2015. The Loan and accrued interest convert to equity at various prices depending on when Stream TV conducts a Qualified IPO (as defined). There are early repayment provisions in the case of certain strategic investments."
StreamTV - really interesting interview with COO telling us so much more than we knew before [link]
Just came across this on AppleWorldToday website .... If Apple’s seeking companies to buy, it should look at Stream TV Networks [link]
From myinforms.com website on the best of CES today .... One that truly stood out among the pack though was a 65-inch UHD set from StreamTV Networks that allows you watch 3D content without 3D glasses. More impressive is the tech behind this. The company pulls it off by using light fields and defractive indexes, which the company's CEO said are similar to "early stages of hologram technologies."
Glasses-free 3D TV finally gets real LAS VEGAS — Consumers never really took to 3D TV. Perhaps it was the need for glasses (passive and active), the lack of quality content or the overall cost. Whatever the case, rarely has anyone been heard saying, "Why don't you come over to my house to watch some 3D football." At least one of those hurdles, though, is about to fade away as StreamTV Networks finally starts to deliver practical, consumer- and retail-grade glasses-free 3D displays called Ultra-D. The company announced on Tuesday at CES that it has finally begun production and shipping of a wide array of glasses-free 3D displays for home, business and mobile. StreamTV Networks CEO Mathu Rajan is confident the new technology will be a game changer. “This will be the breakout year for glasses-free,†he said. The company is not the first to attempt glasses-free 3D. A few years ago, Toshiba showed off a glasses-free HDTV, but the technology, which needed to track viewers to present a 3D image, was clunky and inconsistent. More recently, Amazon's ill-fated Fire Phone's Dynamic Display used eye-tracking to create fairly convincing glasses-free 3D. Raja told Mashable that, in the case of Toshiba, they used head tracking technology to create its 3D imagery, which meant it was difficult for multiple people in different spots to see quality 3D. StreamTV Networks, by contrast, uses light fields and defractive indexes, something Rajan described to us as "like early stages of hologram technologies." As a result, there is no tracking and there are no viewing angles or zones. The company showed off a par of Ultra-D displays at their CES press conference: a 4K PC monitor and a 65-inch UHD TV. When looking at the TV, I was able to move around in front of it without losing the 3D effect. It's not as immersive as, say, what you'll see at the movies while wearing a pair of polarized glasses, but it was still pretty impressive. Even if the effect is somewhat more subtle than the immersive content we see on the big screen, Rajan is convinced that this is the only path for success not only for 3D but for virtual reality and holograms as well. What about the content? Early 3D HDTVs were hobbled by a dearth of content. Rajan said his technology won't suffer the same fate. "Existing content can be transformed by our algorithms," he said. This year, StreamTV Networks will also add support for a number of 3D imagery technologies including OpenGL and DirectX 12. Since Ultra-D doesn't need glasses, it's applicable to virtually any screen type, including more commercial uses like digital signage. "The minute that panel was turned on and the content started to play, I was in love," recalled Inception Visual President Eric Sherman, who was on hand to announce plans to bring retail and wrestling content to these Ultra-D displays. StreamTV Networks partner Pegatron is actually building the panels and is already delivering HDTVs in 55-inches and 65-inches and PC monitors in 27-inches and 32-inches. Ultra-D sets should arrive in retail outlets soon. Rajan wouldn't share pricing, but did say that it would be competitive.
Shares suspended but if investors are excited about this RTO then remember Vela Technologies owns just under 4% of 3Legs
KUL now 9.5 middle .... up 8-% since announcing their Blockchain investment
from Vela Technologies board .....News from 3Legs today ... here are the sums as I see it .... raised £800k at the beginning of the year, let's say there is £600k left. Raised £500k recently from Jim Mellon ... so total cash£1.1m. Market cap last night was £1.3m So there is a nominal value attributable to the listing NOR to Jim Mellon who has put more has put money into the investment made today by 3Legs on the same terms. In total it looks like Jim Mellon has invested now over £600k in 3Legs and SalvaRx in addition to owning 50% of it prior to this transaction With all the noise around Jim Mellon, justified or not, you might think he might be worth a million or two on the value of 3Legs? .... and I guess it's conceivable that 3Legs ultimately buy SalvaRx in time? Who knows