GCN goconnect limited
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balance sheet

  1. Clarky1000
    36 Posts.
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    03/07/12
    16:50
    Post #: 10388703
    Post the compulsory write down of goodwill GCN have:

    Total Assets (current + non current)

    $400K

    Total Liabilities

    $4.1m

    The only thing saving them is the credit facility, if that gets pulled on them they're gone. Even if it doesnt they are dangerously close to insolvency, the balance sheet clearly shows it. ASIC clearly watching them.

    Why would you own shares in a company in this position?
    GCN Price at posting: 1.9¢ Sentiment: LT Sell Disclosure: Not Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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Currently unlisted public company.

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