Ann: Chairman's Address to Shareholders, page-21

That investor presentation is a joke, surely no shareholders in attendance still believe his yarns?

"a pioneer in IPTV" - where are they now while Foxtel, Telstra, Google, Apple, iiNet, TPG all have IPTV up and running?

"GCN owns 100% of Undercover.fm - Australia's leading online music news and information portal" - how does he dream up this claim of "leading" in this field? With the most recent 'news' story on the front page being March 2014 and stories over a year old still on the front cover. The ABC's JJJ page is current (stories from yesterday) as is www.messandnoise.com (news stories published today) however undercover.fm (which my friend - a professional music journalist in Australia - has never even heard of) paves the way for all others.

Then we have the 100 million + who all apparently tune in to uctv.fm and JJ5 which is on the cusp of taking the world by storm all on the first page!

I wonder if even Richard still believes any of this anymore.