GCN 0.00% 0.7¢ goconnect limited

some clarification, page-9

  1. 5,330 Posts.
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    "the likes of LG.Sony, Microsoft, IPSHK, Mastercard think GCN will continue for some time longer"

    How could you possibly know that LG, Sony, Microsoft and Mastercard have provided any such statement angry?

    This is my issue - and it's not with you angry because I personally do believe this information is simply being passed on by you from the company.

    The problem is that posters like myself must attempt to construct every single post in a certain order with evidence just to share one tiny fraction of the mountain of research I have in front of me with a 50/50 chance of still being moderated whilst those in support may state that LG, Sony, Microsoft and Mastercard all think that GCN will continue for some time longer??

    In no way am I faulting the work of our moderators. The HC guidelines are set out quite clear and I understand and respect hotcoppers position.

    It's many times easier for one to talk a company up than talk it down

    Here's one example of what I'm saying. If I was to state my opinion based on the overwhelming amount of material I have on P1 alone I would expect my post to be moderated immediately unless I could spare the 20+ hours collating it all together in order accompanied by the links to every source.

    The following is relating to the owner of the P1 asset Vs The Supreme Court of Australia - if I was to only post a question of who to believe between the Supreme Court and directors of CNC my post would rightfully be moderated for not discussing this stock so as I said in order for me to share only one fraction of the mountain of material I would be expected to provide the following everytime:

    The Priority One story has been around for sometime as the following facts will show.

    Before anyone suggests that CNC have nothing to do with GCN I would encourage you to click here and here and here

    And some additional history for "Priority One"
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    NZX:INS - April 2011

    Joint Venture Agreement
    The Board advises the Company has signed a Term Sheet with Priority One Rewards Limited (ACN 149 674 484) (“Priority One”) to form a Joint Venture company providing Priority One members insurance products globally.

    Priority One
    Priority One is a newly formed public company which has aggregated established major reward schemes globally operating as a loyalty, rewards and incentive marketing business delivering solutions to companies, associations, member groups and consumers. It currently has agreements with a database of members and associations conservatively estimated at 10 million in Australasia.

    Insured Group/Priority One JV - April 2011
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    ASX:CNC/Priority One

    21 September 2010
    Consolidated Capital Investments Limited (CNC.ASX) has agreed with Centurion Securities & Investment Services Pty Ltd (‘CSI’) to establish a joint venture arragement whereby CSI will allow CNC to utilise wholly owned CSI entity, Priority One Rewards Pty Ltd. Post discussions, both directors of CNC and CSI determined that the most appropriate way of utilising the Priority One Rewards asset was to form a collaboration whereby 51% of the business would be owned by CNC and the remaining 49% to be retained by CSI. Both parties agree that the cross utilisation of each others assets will enable Priority One Rewards to realise its inherent value providing significant returns for both parties.

    ASX:CNC - 25 November 2010
    Pursuant to an announcement posted on the ASIC website the Company can confirm, post advice from its lawyers, that the 'wind up' notice has been withdrawn and duly satisfied. It is the determination that the global fashion industry provides significant avenues for the Global Designer Brands Holdings business and the Priority One Rewards Business to utilize their respective assets to advance the future revenue and profit outcomes for Consolidated Capital Investments. A prospectus is currently being prepared, the information of which outlines the Company's prospective acquisitions all of which are subject to shareholders approval at the Company’s forthcoming Annual General Meeting and will be available within the coming weeks.

    CNC - 25 November 2011

    Please note these words announced to the ASX on 25 November 2011... "Pursuant to an announcement posted on the ASIC website the Company can confirm, post advice from its lawyers, that the 'wind up' notice has been withdrawn and duly satisfied."
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    Can anyone show me on the following Supreme Court document originally processed on 17 November 2010 where it states, "the 'wind up' notice has been withdrawn and duly satisfied"?

    Look at the original date of filing which was extended to 17 December for winding the company up. It was not "withdrawn" or "satisfied" as the company claimed.

    CNC - 03 February 2011

    Does this not provide at least some evidence that a company may announce whatever they wish to the ASX regardless of what has been processed through the Supreme Court - This is your Priority One - the same Priority One which recently provided a valuation to GCN and announced to the ASX.
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    GCN supporters will be happy to hear that this is the last I plan to post on the GCN thread.

    Good luck with your all your investments and seasons greetings to all.
 
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