p1 prospectus, page-25

tas74t

I think you missed my point.

It may have been explained several times on the threads here, but where is it explained the prospectus ? A prospectus shouldn't raise more questions than it answers. I couldn't identify GCN's particular cut anywhere in the prospectus - unless of course I misread something ? Wouldn't the potential investors in P1 also raise this issue ? Are they supposed to be pointed to a HC thread ?

Seems you misunderstand a few of my posts. I have never stated WIFI outgoings would be north of $500K per quarter nor had my sentiment as sell - it is neutral. I sold GCN at 1.3c because I didn't think quarterly revenue would be impressive, and it wasn't. On release of the quarterly, the stock quickly dropped to 0.009, so the market agreed. I am yet to re-enter, despite your accusation I was trying to pick them up at 1c - which there was plenty of opportunity to.

I have maintained all alone that I expect GCN to be very profitable 'one day' based on their current 42 WIFI locations. That being said, my concern was the cash on hand not being sufficient to cover expenses 'whilst' revenue ramped up to a level of around $500k per quarter. Remember, on current cash, they have to do this within around 2 quarters. I can't see them going from $24k to $500k that quickly.

This all stems from the issue relating to CR's. If they could raise cash tomorrow, then I would re-enter based on this latest shopping center deal. I think you'll find though a lot of people are sitting on the sidelines until next quarterly, as this will be the first real sign of how WIFI is performing.