GCN 0.00% 0.7¢ goconnect limited

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  1. 3,044 Posts.
    Jefferies2,

    Consider it this way perhaps...An entity seeks out investors for Capital. Numerous business manage to sway investors towards said entity as there may be some affiliation between those involved in said entity and the numerous business.

    In return, said entity agrees to include numerous business in their prospectus with the ambition to raise capital. Inevitably, a convoluted list of business then find themselves included an a prospectus said entity releases. The more businesses included, the more the amount of capital needed to be raised. Hence, the prospectus is rendered defunct.

    And so what's the driving force behind the whole notion to being with? To raise as much money as is possible. Which, some would clearly say is fair enough, right? But the legitimate reason as to why so much money is being sought to be raised is the REAL query investors should be pondering IMHO.

    I'm still curious if all those that invested the first time around during the CR early last year had actually got their money back...
 
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