GCN goconnect limited
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The following is my very simplistic understanding of what is...

  1. grantjo
    7,291 Posts.
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    03/12/11
    04:26
    Post #: 9385466
    The following is my very simplistic understanding of what is happening..

    P1 wish to list on the ASX.

    If they list it must be at a minimum valuation (??? 20 cents)

    The valuation report has been received

    If the valuation meets the minimum requirements then GCN holders are happy

    If the valuation is below, P1 does not list, GCN holders are stuffed, and the P1 shares received by the 877 GCN holders who qualified are worthless.

    Isn't that it in a nutshell??????

    GCN Price at posting: 4.2¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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