GCN 0.00% 0.7¢ goconnect limited

operating beyond their means, page-5

  1. 10,605 Posts.
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    re: operating beyond their means, maybe not ? The frightening thing here motorway is that SSI hadn't really been clear on what the size of the credit facility was. That they have increased it to 1 million and that nearly 70% has already gone (a month ago) is bad enough but based on these same figures GCN will have burnt the rest by New Years Eve.

    SSI are taking one hell of a gamble here and the available figures give no indication that it is going to pay off.

    All there are are yet more of GCN's bluesky announcements of which we have seen so many and no results.

    Good luck to you but this is one very high risk gamble you are taking as even SSI cannot afford to sustain this for very long without bringing themselves unstuck. It would be good to see them pull this off but they are on the edge of failure.

    If it fails GCN will simply close one night and not reopen. At least there is no arguement that people had no warning.
 
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