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  1. 23,919 Posts.
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    tas47t

    I assume today's sell down was due to my posts, that got read by an overwhelming 400 people, that then managed to drop the stock 25%.

    The local church flyer gets read by more people.

    Or perhaps it is overall market sentiment and the fact that the AFR with thousands of readers did an article bashing the stock ?

    Never in any of my posts have I said GCN is a 'sell', nor have I rubbished their WIFI business model. I questioned the amount of information we were given as holders to be able to make informed decisions, rather than being left in the dark and guessing till next quarterly. I have always said the WIFI business model is proven overseas, however, given GCN's CR restrictions and their quarterly costs, do they have sufficient capital to breathe easy whilst they get WIFI to a point where it can sustain the company. How many quarters do you think this will take ? I said I can't see it happening in the next 2 - i.e them ramping it up to $500k per quarter within 6 months, perhaps another year whilst they add more locations.

    This is the same for P1. Never did I rubbish the P1 business model. I challenged the $1Bn - $2Bn valuation for a startup and the fact that some posters are claiming it will 'list' this month. 30c per share and listing early next year I see at a chance.

    It is the people claiming $2 P1 listing this month and the rollout of 40 shopping centers before the end of the year type of talk that does the stock no good

 
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