If the P1 deal turns out to be a fizzer then I don't have much faith in GCN earning revenue from IPTV.
There have too many launches that withered on the vine in the past.
The P1 venture looked like new buds that would bear fruit, unlike past failures.
http://www.goconnect.com.au/corporate/pdf/Pokergame8888.pdf
What happened here?
http://www.goconnect.com.au/corporate/pdf/research.pdf
"For the financial year 2004/5 we are projecting revenues to be $7.003m with net profit of $1.131m and EPS of
$0.003. For the following financial year ending 30 June 2006 we are expecting revenues to approach $35.5m
with net profit increasing to $19.6m."
What happened to this advice offered by First Berlin?
We need something new - and we need it badly.
I had hoped that P1 offered this, but the market obviously thinks otherwise. Sellers of GCN still outnumber buyers by two to one, on a declining price.
Perhaps I should be off to the doctor for Valium and the drink shop for a cheap Scotch.
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