as you can see GCN has a strong foothold in China, a population and economy that makes Australia look like a small country town
just 2 of these merchants mentioned have a huge amount of stores and existing customers.
one has a market cap of $1.5 bill and the other is listing at $4 bill
so if GCN is a farce and this is not real why would these companies be doing business with them.
obviously this is the tip of the iceberg.
with an internet population of 500 mill users and growing, already 25 times the entire Australian population, you can see why P1 wanted GCN to partner with,
the thing to remember is while some of our leading and biggest business' here do business only in Australia, GCN has the world to deal with seeing they have this worldwide foothold in the IPTV business.
we talk about the insurance part, Insured group, I have no doubt this will become a large international insurance group and China will be in the mix, with online insurance sales, you see it is not the business they were after, and insured group at present is a basket case, which is why they want it, cause it is cheap
but some don't get this. look at what they just done with jewelery and cosmetics and translate that to insurance and every other industry you think of.
what sort of numbers with a jewelery chain with 1000 stores and it appears they are not your average store http://www.chowtaifook.com/index.asp#hk,en,news,press_release
GCN Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
