GCN 0.00% 0.7¢ goconnect limited

gcn & sis, page-41

  1. 8,510 Posts.
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    attheopen

    You ask about the implications for GCN.

    I am not going to comment on the merits of the case, but some of the implications have been canvassed before.

    As I understand things, the best scenario for GCN would be if SIS was found not to owe any payments for salaries and entitlements.

    The second best scenario would be if SIS did have to make these payments, but had sufficient money left over to continue its line of credit that keeps GCN alive - until the dollars flow in from GCN's incredible Chinese ventures.

    Last time I looked, SIS's life-saving line of credit was worth some $900,000 to GCN.
 
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