If GCN was broke there would be many waiting with their hand...

If GCN was broke there would be many waiting with their hand out; ato, workcover,landlord, phone company and any debt holders such as sis; ouch!

If this were to occur, there would be an investigation to see when the coy was insolvent ? And did the coy trade during the said period.

ramifications of this are huge for directors.

looking on the balance sheet assets are goodwill, small amount of equipment and some mou's.

the only real value is the publicly listed vehicle and accumulated losses which may or may not be used to off set

could p1 reverse takeover GCN?