I voted against Resolution 7 and 8. Is it possible for the shareholders to review the information provided to confirm how this 30 cents a share figure came about in terms of valuing P1. We were told in 2011 that we were getting shares in P1 as a result of having 50 odd thousand shares in GCN at a 30 cent face value and were then told an independent broker did a valuation of 30.5 cents a share.
They then want to do a 5:2 consolidation and review whether we should of even got the shares in the first place. They were suppose to list to hold up their end of the deal as no matter how many IPTV channels GCN did / didn't create we haven't seen any debit cards as yet. Will we ever?????
Anyway as has been pointed out already they don't make the profit required, I doubt anyone would put money into this company that has assets of under $17000 and cash at bank of $215. I have more than that and I am far from rich.
GCN Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
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