a lot at stake

  1. 5,469 Posts.
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    GCN has a lot at stake with Piroty One, I suspect all parties have returned from Xmas/N.Year break. I suspect that there has been talks with ASIC (the regulator) regarding the halted prospectus NOT abandoned, IMHO when parties get together it will be worked out and a amended/supplementry prospectus will emerge.

    The first sign of this happenning/concluding will be chancy buyers taking out sellers,watch out for a one or two million grab of the sellers.

    If toono has gone (and I suspect he has) then a advance will should be sustained.

    My timeline for announcements is 7-10 days (if a amended is needed),then a few days for ASIC to stamp/approve. Then marketing can start pre ASX listing. As ASIC is now the regulatory body I suspect that ASX review will not impede listing.

    By late Feburary we should be well away.

    It has had a tourched pathway,we wait and see with baited breath.
 
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