conclusion soon

Will it be a feather duster or a feather in R Li GCN hat.

We await ASX to give us reasons for suspension and what actions are required to resolve differences, the major talking point is the accounting treatment of the benefit given to GCN holders by P1 distributing shares to qualified holders, It would appear that there is more than one view....but who is right/wrong....and does it really matter.

IMHO If GCN accounts remain the same as already reported, then Li.s method holds up ,then all issues are resolved..then both ASX and ASIC accepted and one may ask why the fuss!!

The P1 deal is different and has set some new boundaries and I will give the regulators the benefit of doubt to err on the safety side for shareholders.

Accounting standards can be difficult to fathom at times.

Hopefully I am right here in calling a large win for all.