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No doubt the 40 shopping centers is positive news to GCN.

What will be interesting is the way in which they choose to announce this deal to the market and what level of disclosure is offered. Investors are quickly growing tired of reading "will bring significant revenue".

Will GCN learn their lesson this time ?

Anyone with simple maths could calculate $20,000 for 1 month at Flinders, $60k for the quarter. For simplicity, assume the 40 shopping centers bring the same amount of traffic and therefore equal revenue:-

40 * $60K = $2.4m per quarter approximately

So investors could assume that 'once' all 40 shopping centers were up and running, it has the potential to earn $2.4M per quarter based on Flinders' figures.

That alone isn't sufficient to assume it meets or exceeds the current $500k per quarter costs. Remember, GCN has maximum around 3 quarters of capital remaining, unless the restrictions on CR are removed or an alternative funding solution is sourced.

So the following also has to be considered:-

- At what cost does each additional location bring to staff and overheads

- What is the revenue split with the center management

- What is the scheduled rollout time frame

- Are there any precursors or minimum $ targets for continued rollout

The 40 shopping centers is a positive for GCN, but reading some posts here, people seem to think that 40 additional WIFI locations will be turned on overnight.

The real crunch comes down to three things IMO:-

A) how long it takes GCN to rollout the 40 shopping centers

B) how long it then takes the 40 shopping centers revenue to exceed current quarterly costs + any increased costs associated with additional locations

C) primarily whether GCN's cash facilities can keep it afloat until B is achieved

A, B & C is really anyone's guess but the more information is disclosed the easier it is to make an informed judgement call on these