s/p should be 7c+ before tranche 2 placement, page-14

erichmj,

"this shows that you've not done any research on this stock, there's no doubt that GCN can get some profits because GCN will get 50% (reed announcement)."

sorry, your previous data is for quarterly, not monthly.

As for the 50/50 JV, mate, it's just MOU in Aug. In Sep GCN updated the deal: "P1 paid its 15% shares for GCN SHs"

Current GCN should be just a SHELL, that's why so many major SHs quit after the deal with P1.

Although GCN didnot announce clearly the remaining interest it can get from P1, you still imagine P1 pay GCN 50% of its profits after already give GCN its 1/6?

Remember 50/50 is just MOU, mate. you should understand 15% of 1 company already= 30% of 2 company. it's quite possible that GCN reduced the 50/50 to just get 15% of P1.= 30% of 2.

If so, whoever paid 5c 6c for GCN may get nil from P1 profits(if it can have some) unless P1 paid twice for GCN.