to be worth 7c/share, GCN should guarantee $7 million net profit after tax, or $10.5 million profit before tax, revenue at least $20-25million/year.
erichmj listed some revenue figure on monthly basis, this is incorrect, if you check the quarter report, $43k is for 3 month, not 1 month.
to increase revenue from $250k per year to $20 million per year by just signing a deal with P1 is a big HYPE, no need to mention whether GCN can get some profits from P1, because P1 already paid GCN free shares.
Currently ,GCN sill has $1 million cash left after the CR, debt $1.5 million, book value $0.00 /share. no surprise to see more CR coming very urgent.
to talk 7c is a joke, based on the financial performance,what SHs really concerned is how GCN survive in next 3 years, especially when the technology replaced so quickly.
GCN Price at posting:
4.2¢ Sentiment: LT Sell Disclosure: Not Held