And really - it's more likely just a fluff piece to distract us from the SiS court case.
Has the solvency statement been given to opposing counsel - doubtful.
The case is on the 16th - will they try for an adjournment - probably.
That still doesn't make things go away.
Remember GCN owes SiS over a million dollars - when / if SiS is bankrupted - GCN will need to pay that million dollars plus back - with their limited cash I can't see it.
The liquidators won't wait.
Is the IPTV really going to create a million dollars in the next few weeks.
GCN Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held