what is gcn worth, page-39

While I hold a small parcel of GCN and hope all goes well I must say that the history of companies that I have come across trying to list subsidiaries that are worth more than, or at least a large slice of, the parent company is not good.

KOR offered "free" shares in two gold mining companies to its share holders in July 2010; still waiting for the companies to list. BPH offered "free" shares in biotech subsidiaries in Nov 2009 and previously in Oct 2007 (you could have got your "free" 20 cent shares by buying BPH for less than 20 cents), neither have listed. NRT tried to list its subsidiary Marshall Edwards in 2001 valued at more than the entire NRT - ASIC forced them to withdraw the prospectus; eventually they floated on the UK AIM at a lower valuation. There are others that I dimly recall where the outcome was not as planned.

I hope that GCN bucks the trend but it is clear from the share price that traders are by no means certain that it will.
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My advice is free and worth every cent.