there is no leak,
the expected upcoming news has been mentioned and it just has to come out
some are getting set for what they expect is a significant run.
long term chars are useless this is more news specific buying.
so to sum up,
expected news is
Valuation on P1, seeing they will have the same number of shares on issue as GCN when listed and GCN will get a 50% revenue share of their business the valuation has a direct comparison to GCN
If the valuation is 30 cents or above then GCN should move toward this,
a significant difference to 3 cents, in fact 10 times.
a cornerstone investor was mentioned who is going to buy stock in P1, if they buy around 30 cents this will back up the valuation with real money.
P1 shares should soon be sent to us from computershare
Memorandum with valuation included will be sent to P1 shareholders,
application and then listing dates for P1, this will then allow P1 to commence business.
WiFi will soon be announced by GCN,
this is expected to be at major railway stations in Melb, I have heard advertising agencies are very excited about this concept, this is expected to be duplicated in other cities in Aust and maybe overseas, maybe China.
cancer trials have been extremely successful in China and are expected to start trials in Melb in the current quarter.
Pharmsafe is expected to list at some point next year.
GCN holds a 40% stake.
I am expecting a significant rise when the valuation price is known,
I would say consolidation is taking place now after a fair rise yesterday,
maybe a bit of profit taking.
I am holding tight and would be buying more today if I had the coin.
I expect probably 6-8 cents if the valuation comes in at 30 cents or more.
and a steady rise after that.
I see 10 cents plus after cornerstone investor buys stock, and higher when WiFi is announced.
I can see 20 cents plus when P1 list and commence business.
there most likely will be announcements that I do not expect.
I have heard something about a payment gateway in China,
If I am guessing right this could possibly send this value north of 50 cents.
don't shrug that statement off, some have in the past to their own detriment
you have seen in the past few days significant interest, and even today with a drop I consider this a good day, consolidation after yesterday.
we could again see a strong close, there could be a TH at any time, and this is due to the update they gave on 14/11
Add to My Watchlist
What is My Watchlist?