The canned thread has the subject line "GCN to go cash-flow positive."
That claim is not in today's announcement. What is there is the vaguer suggestion:
"With lower overheads from recent restructuring and new revenue to be generated in the near term, GoConnect is now in the best position to become cash flow positive and profitable in the coming months."
The problem as I see it is that the previous six monthly shows revenue of $269,040 and a loss of $1,518,120.
I don't know how many months are meant by "the coming months", but to me the phrase implies no later than the end of this year.
To turn a loss of $1,518,120 into a profit by the end of this year would be a massive effort.
Does anybody think they can make a profit within that time?
Or is my interpretation of 'the coming months' unreasonable?
GCN Price at posting:
2.9¢ Sentiment: None Disclosure: Held
