GCN 0.00% 0.7¢ goconnect limited

s/p should be 7c+ before tranche 2 placement, page-10

  1. 143 Posts.
    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.
 
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