I believe there was initial thoughts on merging etc, but with GCN shareprice too low and undervalued compared to P1 it was not possible without getting GCN sp up say 15 times or there would have been too much dilution.
what do you mean only 7 new divisions, P1 do not have any business without GCN's involvement
"My understanding is that the SH of GCN gets 15% of P1 to have the priviledge of incorporating their payment platform into exisitng GCN platform and GCN does not own any of P1."
that's right, each GCN share attracted 0.15 P1 share, GCN do not own any P1 but most shareholders do GCN have a 50/50 joint venture and get 50% of revenue, and I suppose expenses, although there are not many, unlike groupon who have an army of sales people.
GCN are involved with all of P1 business, but GCN then also have business that P1 have nothing to do with plus the new WiFi
on WiFi, you will be able to use the internet, you will probably be able to receive coupons/discounts, will be able to pay for items, will of course get ads, may also get content as in IPTV, but will be able to click on buy or order.
and with the speed of technology who knows where this will lead in 12 months time, GCN do have some very good technical people there.
anyway up to yourself.
GCN Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
