the running of the bulls on the asx, page-66

P1 buys a 51% in NZ:INS. NZ:INS is a company that is making 4 million loss a year, audited financials deemed the company will not continue of a going concern.

P1 is obligated to pay $200k in cash before the deal with NZ:INS starts.

***** P1 wants acess to the licence not the ongoing business

P1 has bought a large shareholding in Ezybonds UK. A company that has also just realeased financials - making a loss, delays in receiving commissions from some mastercard deal.

***** P1/GCN JV includes China and the rest of the world, UK entity does not. China gateway very significant

GCN fails to meet agreed timeline of listing P1. Additionally still nothing on bollywood info, Joy 94.9fm partnership, WIFI??? IPTV??

****** GCN is captive to P1 , I expect P1 directors to be very through...the waiting may well be worth it..."Rome was not built in a day"

GCN gets 50% of all revenue from P1. My guess from the above that even if P1 does list at 30c its not going to benefit GCN. So P1 has no effect on GCN.

***** hypothetically YES...but odds of never listing is LOW