GCN 0.00% 0.7¢ goconnect limited

Nine Lives

  1. 262 Posts.
    The Supreme Court Case with the GCN associated Sino Investment Services (SiS) earlier today was interesting.
    A new legal team and an in principle settlement.

    An in principle settlement was reached - and adjourned for two weeks - subject to payment.
    If the payment is received the case will be considered settled and dismissed.
    If the payment structure isn't adhered to - the insolvency case continues.

    This should be considered good news for GCN - the loan from SiS won't be called in by liquidators - unless the
    the settlement isn't completed.

    DYOR
 
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