I would like to put my slant on GCN as I see it at the moment:-
We have heard a lot of noise about vic railway etc and you can understand the delay there,but taking it as a whole the wi-fi will no doubt be spread in other areas and high density populations.We must not forget the 50% of income from priority one.
We could be looking at 2million debit cards. Just say they get half that at 1m thats 50m income for gcn a year. Now lets look at the advertisements. The income here every time someone clicks on an advertisement is huge. So no doubt the knockers will say well there is no income at the moment.I would suggest income and plenty of it is very close and when compared to other shares,we are holding up well.There has been suggestions of the company running out of money etc.They have only a small staff and the intelectual properties built up over 14 years is tremendous.Major shareholders in this company are not going to dump out of this with so much upside coming.We all need a little patience in a difficult market and great rewards are just around the corner.
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