I can't remember if we were told how much the ATO is claiming...

I can't remember if we were told how much the ATO is claiming from GCN in the Supreme Court this coming Wednesday.

Dilligas - do you know?

Anyway, it is presumably not chicken feed. So the following questions come to mind.

1. Where is the $1.5 million from the issue of new shares? In particular, where is the investor who unconditionally promised to buy $1.0 m of new shares?

2. If the sophisticated investors have ratted on these deals, has SIS (as the underwriter) put the money into GCN's account?

3. Is the line of credit from SIS still available?

4. Will the incredible SIS report trigger an avalanche of cash?

If no cash is available on Wednesday to pay the ATO, might it be RIP for GCN?

We don't know, because GCN tells the ASX nothing.