the p1 effect, page-8

Miranda1

If I have been misled then it is by GCN's own announcements.

On 8th February, GCN states that its IPTV links with LG "will gain a significant audience reach in 2011 via LG in Australia . . . For the advertising industry, on-demand programming on IPTV means uctv.fm will deliver an active and more engaging audience as well as totally accountable viewship data."

On 1st August, GCN believes that "LG Smart TVs will ensure that GCN's target of 1 million audience reach by end of 2011 will be achievable."

Hot on the heels of that announcement, on 3rd August we are told that "viewer traffic growth to uctv.fm has already demonstrated strong popularity amongst the LG Smart TV households internationally." It is described as a "surge in view traffic."

On 9th September, developments with LG are expected to further increase "Go Connect's IPTV audience reach" and expand "the Company's advertising network population beyond the one million people achieved to-date."

What is GCN doing all this for, if not for advertising revenue? And if revenue doesn't show up in the previous quarter then I suggest something has gone seriously wrong with the business plan and I will have been misled.

You say you would be AMAZED if revenues will be coming in from GCN's IPTV deals. Quite frankly I think you should be amazed if the quarterly shows that revenues have NOT come in from their IPTV deals.