If you have a look at this...

If you have a look at this website:
http://www.sino.com.au/index.shtml
(where the professional 7c investors were sourced via)

Then have a look at the link below which shows a flow chart with an arm to GCN.
http://www.sino.com.au/corporate.shtml

On the right arm you see CEH (China Entertainment Holdings) & if you click into this next link

http://www.sino.com.au/presentations.shtml

you can see a Melbourne company BDO Corporate did a valuation back in Feb 2008 on CEH that had to be based solely on forward revenue projections as there was no present industry to base it on. On Page 12 I see they have a potential equity value of AUD$904M (not far off $1 billion) Maybe they are the ones doing same on PN1 now?

Anyway...instead of some of you posting inane comments, use the time & be constructive instead! Maybe this is not useful but keeps you busy (if no more funds left to trade with) looking for info to help all in the meantime!

Have a scroll through this website & see if any of this information helps unfold why sophisticated investors, who usually have done due diligence, were happy to invest at 7c - were they bright or were they stupid we ask?

If would be nice if all orders could be purged after a TH then quick suspension (for a rerate like FMS etc) but that won't happen as it will just be an announcement that the valuation report is ready to read on their website or whereever & not a takeover as such - expect only a gap up!