GCN 0.00% 0.7¢ goconnect limited

The Supreme Court Case with the GCN associated Sino Investment...

  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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