this is a response from MONTY on the other site - this throws up...

this is a response from MONTY on the other site - this throws up more questions than it answers.
The guy with the direct link to GCN and a board member

P1 share goodwill write off ?
What potential audit issue ?

What focus did Jermaine have in GCN ?

What revenue in cash terms has China created. ?
http://gojljentertainment.com/about.html

And how is the music competition coming along  ?
http://www.jj5tv.com/

here is the link and text

http://www.noadvertising.com.au/sto...?action=show_thread&threadid=1172071#p1172071

lets get thing in context.

In reference to various ASX releases in past two days.


1.The goodwill write off and earning of the 16.67 million Priority One shares in license fees will help in cleaning up the GoConnect Ltd balance sheet while avoiding any potential audit issue from here on.
The two transactions will be booked into the December 31 2014 half year accounts.

2. Resignation of Jeremaine Jackson from the GCN board allows him to focus on the businesses of Go JLJ and Jermajesty Holdings which are expanding rapidly but at the same time eliminates any potential related party transaction issues in dealings between GoConnect Ltd and Go JLJ or Jermajesty Holdings. There is now only one common director instead of two on the boards of GoConnect Ltd, Jermajesty Holdings, and Go JLJ.

3.Stephen Law is a much welcome addition to our China team and you will find him invaluable to our company. His CV is impressive. He is an active operator in China.

Guesswork is is not helpful.