GCN goconnect limited
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Current assets = ~$300KCurrent liabilities = ~$3.3mAnyone who...

  1. Clarky1000
    36 Posts.
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    29/02/12
    14:14
    Post #: 9770387
    Current assets = ~$300K
    Current liabilities = ~$3.3m

    Anyone who even understands basic accounting will tell you that equals alarm bells.

    One of 3 things will happen from here:

    a) Revenues kick up from $57K to $3.057K and all is good.
    b) Capital raising to fund the shortfall.
    c) Company goes under.

    Its not rocket science. The stock is a buy or sell based on what you believe will happen.
    GCN Price at posting: 2.8¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 18  Upvote
    lightbulb Created with Sketch.  Great analysis
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