Hi all.Again im on this ride. Im pushing GDA closer to 6c so i...

Hi all.

Again im on this ride. Im pushing GDA closer to 6c so i can start to make some money.

A couple of quick notes i found in the report from the other night.

1. $260,000 in employee expenses (this is not salary)
2. $511,000 in Admin Expenses (10 grand a week, please?)

And with the above expenses we are told that Current Liabilities exceed Current Assets by $38k. Well i know where i could make $38k savings, just use some internal adjustments.

3. On a positive. In '06' GDA had $148k in Cash at Bank, in '07' there is $497k. So thats a good thing.

4. My concern, ever since Beckwith joined GDA he invested in a company called Global Net Asia, currently losing $308,000 on this investment and also repaying $156,000 to this company for reimbursement of expenses.

Oh guess who is director of Global Net Asia. Yes, Beckwith.

You work this one out.

Im trying to find out about Global Net Asia, ASX code assigned GNE, but not on ASX yet.

Please dont milk GDA to setup a new Company.

GDA has potential but without Capital you have nothing.