Comparing SFR and GCN is like comparing Apples to Oranges.I also...

Comparing SFR and GCN is like comparing Apples to Oranges.

I also remember that period during 2009 - A significant rise, perhaps only succeeded by EXT? SFR only had about 20m shares on issue with over $4m in the bank just before they discovered the massive mother load. If I recall their cash backing was also above the MC.

Miranda, you say, "I don't know what money GCN will make from this venture, but the obvious question remains, why would they get involved if they weren't making something out of it" and in response I would say:

The obvious question from me is, how do you know they're involved? I assume the simple answer here is that you read announcements, but in here is where we find the divide.

Imo, reading announcements or calling a company is not research - a gambler may consider otherwise

GCN made 72 announcements in 2011 and although off the top of my head I can't be certain if this number exceeded 2010 however one might not be mistaken for believing the story has never really changed...

History appears to show that this company is always on the threshold of "significant revenues"

2004
"The first application developed and commercialized is Direct Assist, a user self-help telephone directory search tool that, once installed on the mobile phone, enables the user to have a global access to third party web based phone directories. Another mobile utility application under development will cater to the interests of the lotto, horse racing, and gaming industries. This will be launched in 2005 and is anticipated to be a significant contributor of revenue to the company along with Direct Assist."

2005
"In close cooperation with the SSI team in Shanghai, GoConnect’s R&D team is now seeking to deliver online and mobile gaming platforms to the Chinese market. We expect these platforms to be available and operational by the end of the March quarter 2006. With the Chinese domestic Internet user base of over 100 million and growing, and the mobile phone user base of close to 400 million, it is hard not to be optimistic on the potential financial reward from the delivery of gaming on these platforms."

2006 - Ezybonds #1
"Global payment solution provider Ezybonds partners with GoConnect Australia to provide payment-processing solution exclusively to China’s gaming industry Global payment solution provider Ezybonds Inc has entered into a Payment Solution Partnership Agreement with GoConnect Australia Pty Ltd, a wholly owned subsidiary of ASX listed GoConnect Ltd, to establish an equal partnership for the provision of payment processing services to the gaming industry of China exclusively."

"Ezybonds has already successfully established its entry into the payment processing market in China. Its payment processing solution is already employed by China Post, which has deployed over 900 payment terminals in its branches and kiosks in Beijing, with a continuing national rollout program in the pipeline."

"With so much on our plate in the coming weeks, you can see that GoConnect is poised for further growth in revenue and shareholder value in 2006-07 and beyond."

2007
Dynasty Signs LOI with SSI and GCN for Access To Gaming Market in Shanghai and Other Centres

"Richard Li, Chief Operating Officer of SSI and Chairman of GCN commented, “Chinese gaming opportunities represent a primary focus of our company. Over the last 18 months, our activities have centred on the establishment and staffing with our own personnel of retail gaming sales agencies in Shanghai. Our retail gaming network, providing Keno and Lotto games through POS terminals, is the largest in China. We are excited about being able to add Dynasty’s Mahjong game, the most popular multi-player game played in China, and potentially other Asian games to a range of products which will be offered to our expanded network."

"The next 12 months ahead will see GoConnect coming of age in respect of revenue and profitability and with our success in video sharing, our China focus and the launch of our wireless gaming application, we believe you will see a significant increase in GoConnect’s enterprise value."

2008
"The company is on track to launch the Soundcheck Music competition by early 2009, in partnership with a major media company. While we expect local interest in this product will result in a highly profitable operation, we intend to further capitalize on the burgeoning number of Chinese internet users by incorporating Soundcheck with the Chinese music competition www.whymusic123.com that was first launched in early 2008. Both GoConnect and the media partner believe that Soundcheck is a unique online product that can generate substantial advertising and sponsorship revenue."

2009
"As a result of this enhancement to the advertising serving platform, the dramatically increased quantity of advertising impressions now available for sale will appeal to advertisers and agents, providing the quantum of impressions that they require for any given campaign. At the current CPM (cost per thousand impressions) advertising rates that GoConnect is charging, this increase in advertising inventory will result in a much improved financial outcome for www.soundcheck.com.au."

"It is expected that Australia will only be the first country to receive uctv.fm with the rest of the world to follow within the next 12 months. GoConnect is now able to consolidate technology, intellectual properties including artists’ right, and substantial copyright, sales, marketing, promotions and existing entertainment industry relationships within the three operations and maximize its
collective strengths to expand its audience and revenues through uctv.fm."

2010 -
* uctv.fm will be free and on-demand and be advertising funded.
* Valuation will ultimately be comparable to valuation of FTA television networks.

"GoConnect has developed its own technology to position the company as the leading provider of compelling music video content to all brands of smartphones. By being ahead of the curve, GoConnect will be able to increase its IPTV market share early to capitalize on revenue opportunities from the advertising industry and telecommunications companies."

"Accordingly, we are also negotiating directly with a number of major telecommunications companies in Australia and in the MENA (Middle East North Africa) region with our MENA partner to license uctv.fm for inclusion in their IPTV services."

2011
"Priority One-GoConnect targeting online sports gaming in China Pursuant to the announcement released by Two Way Ltd on 19 December 2011 to the ASX, GoConnect Ltd is pleased to advise that the company is actively working on delivering an online sports gaming channel to the Priority One-GoConnect partnership, with a strong focus on the China gaming market. Sports and Welfare lotteries are the only forms of legalised gaming in China, although inclusive of illegal gaming, gaming expenditure of all forms in China is estimated to exceed US$100 billion per annum, ranking China amongst the biggest gaming markets in the world. It is only logical that, with already established relationships in the largest gaming market in the world, that Priority One-GoConnect should consider introducing their sports gaming IPTV channel firstly into China."
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Back in 2007 the company claimed it was already operating the largest retail gaming network in China? If this was indeed a fact then where is the revenue? I'd imagine the largest retail gaming network in China would indeed be attracting some significant revenue?

Ezybonds #2
"GoConnect Limited (ASX: GCN) and Priority One Network Group Limited joint venture collaborate with Ezybonds (UK) PLC and Ezybonds Inc payment platform to offer consumers a 0.50% fee exclusively for online transactions along with free currency conversion"

We know that Exybonds refuted the claims made in this ASX announcement the following day through the London stock Exchange which also places an extra question mark against the first "exclusive Ezybonds deal" which the company claimed to have already made back in 2006?
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New Listings and S/holder entitlements

#1. 2004/2005 - CGH - Still no listing?
"CGH has already a working relationship with ASX listed SSI subsidiary, GoConnect Ltd in developing mobile gaming in China, making use of GCN’s mobile gaming application, Mobile8888. An Initial Public Offering will be made with exclusive entitlements to invest in CGH on a one for one basis going to shareholders of SSI and GCN. Shareholders of SSI and GCN will need to have a minimum number of shares in either company in order to qualify for the exclusive entitlement offer. Further details of the entitlement offer and that of the IPO will be provided at a later stage."

#2. 2010 - Pharmasafe Still no listing?
Agreement to merge Pharmasafe with NGPDT Asia Pacific and listing of expanded Pharmasafe on ASX with entitlement to GoConnect shareholders

To qualify, each subscribing PHS investor must hold GCN shares of a minimum market value of $5,000 by the books closing date to determine eligibility for subscription. The capital raising will precede an application to the ASX for the listing of PHS on the ASX.

The restructuring of GCN’s PHS interest by way of the merger between PHS and NGPDT APAC and the listing of PHS on the ASX will deliver substantial value to GCN shareholders both as a result of the significant improvement expected to the GCN investment value in PHS after the ASX listing, as well as the shareholders’ priority entitlement to participate directly in an investment in PHS before the listing"

#3. 2011 - Priority One - Still no listing?