re: Ann: Launch of GoConnect Jam Factory Free...
NB. Last quarter they spent $355,000 in the first 3 months of this calendar year. GCN had $315,000 left in the kitty at the end of March. This is now the end of July - 4 months have passed with no increase in revenue. They must have drawn on their debt facility already IMO of which $962,000 is already drawn: No or little cash, in debt, negative cashflow and now an ASIC determination questioning their asset base which has resulting in GCN not being able to place monies to investors without a prospectus.
Correct me if I'm wrong.
GCN Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held