Angry you wrote: "Richard Li has been at GCN for 12 years, if he was a crook he would have been in some sort of trouble in that space of time." I haven't seen anyone impugn Richard's veracity, just question his competence to produce results, based on the 10+ years of past performance.
Re CNC, you wrote: "CNC has no business with GCN or P1". While you may be technically correct about the "business" aspect, there is certainly a connection between CNC and P1. In 09/2010, CNC agreed with Centurion Securities & Investment Services Pty Ltd ('CSI) to establish a joint venture arragement whereby CSI would allow CNC to utilise wholly owned CSI entity, PRIORITY ONE REWARDS LTD. ... etc, etc. (http://www.delisted.com.au/Company/12338 , http://tinyurl.com/3bectqg) and on 28/07/2011 PRIORITY ONE REWARDS LTD. changed it's name to PRIORITY ONE NETWORK GROUP LIMITED (http://tinyurl.com/3l2lern), which is the entity involved with GCN. Another connection is that Stafford and Di Giacomo were/are directors of CNC and are directors of PRIORITY ONE NETWORK GROUP LIMITED (http://www.thebusinessshow.tv/companies/12-Priority-One-Network-Group-Limited).
And you wrote: "cnc I believe is into apparel." Actually CNC is into liquidation (see asx.com.au), with the most recent accounts I can find showing accumulated losses of $22.5m while "liquidators say there will be no return to creditors or shareholders"
GCN Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
