What I don't understand is the significance of figures in the GCN annual report for 2014. To me they look ominous.
Total currentliabilities are given as $4,781,664, and total assets as $4,637,860.
That seems OK, on the face of it, if there was also revenue. But there has not been a cent of revenue for the last two quarters. And what does also not look good, from the point of solvency, is that $4,336,471 of these assets are described as 'intangible'.
I wonder why some intangible assets were not monetised to fend off the recent fiascos in court. Perhaps they are so intangible as to be invisible.
GCN Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
