"All cabling work in connection with the Metro Netbay free WiFi service has been completed and tested successfully since 3 August 2012. This service will be made available to the public this week which will then trigger off the immediate generation of revenue from the Free WiFi business."
This week. I.e. not on yet.
I was interested reading about the china connection.. Goconnect is hiring an advertising agent in china without even having the money to start any Wifi's in china? Interesting..
Tread with caution IMO, the company is "aiming" for cashflow positive but it doesn't state that these 2 initial wifi's will bring it anywhere close and is relying on getting further wifi's started up.
No mention of P1 or FM in response to revenue either, these are getting shelved by the looks as "other existing businesses"
Interesting to see their premier partners becoming a minor feature behind Wifi.. but good to see they have their eye on one venture starting to earn money rather than starting a new venture every week.
GCN Price at posting:
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