Looking into it today, I'd say it is very wild jeffries @ $50m odd. SSI sold 178m GCN shares @ half a cent not so long ago. SSI, via Go-trek sells Bollywood TV @ $119.40 for 12 months that has hyperlinks to GCN. Both are Richard Li entities that promise entry to the massive market of China.
http://www.gotrek.com.au/gotrek/pricing.shtml
I'm not going to be able to view yesterday's announcement in **full** as I am not a P1 subscriber but many observed the fleeting 2nd pre-open. It fitted the ASIC guideline perhaps. I wonder who the independent party was that gave the NPV?
I'd recommend shareholders and others sift through the SSI announcements for more.
Trade wisely. It's a d/t short term throw about only IMO. The market may react to another Chinese alliance but it maybe old news IMO. Check how SSI operated in their ASX releases. An enormous 130m shares are sitting at the 5.9 VWAP or above given yesterday's trading.
I've joined the dots. GL.
GCN Price at posting:
5.3¢ Sentiment: LT Sell Disclosure: Not Held
