GCN 0.00% 0.7¢ goconnect limited

Ann: SSI loan agreement update, page-5

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  1. 262 Posts.
    Interesting turn of events - how and what needs to be sold to raise the cash component.

    Also what is the information behind the shares - do they have to be sold at a set price, 900,000 shares at $1 is OK - 900,000 shares at 1 cent is probable and essentially worthless - what happens if / when the liquidators want payment.

    What value were the shares given to the liquidators, this will give a better valuation that what they are being touted for - how much is the cash component and over what time period.
 
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