Please note that this is ASF not HC, and there is no reason to really talk about what other members are doing/saying on other forums.
This looks like a typical pump and dump to me, where posters are saying that they are signifcant holders etc etc and then somehow always miracuously get out near the high and are never seen from again.
Buyer beware i say
Also the WIFI deal they potentially have going is HUGE to say the least...
Instead of just saying how potentially huge this stock is, why dont members here provide some details of their potential projects so other ASF members can comment on it?
ASF is all about analysis, and the more you provide, the more other people will comment on it and give you different opinions
1) WIFI network in melbourne announcement coming up, believe this is a public use city wide wifi network
2) priority 1 valuation, P1 is a 50/50 deal with Go connect so therefore the share price that it lists at is expected to be the price that gcn goes to. It is expected that this price is above 30c.
Good point.
As far as i know they have a couple of things going on, there may be more, but these are the main ones.
1) WIFI network in melbourne announcement coming up, believe this is a public use city wide wifi network
2) priority 1 valuation, P1 is a 50/50 deal with Go connect so therefore the share price that it lists at is expected to be the price that gcn goes to. It is expected that this price is above 30c.
2. Can you link me to the company annoucement giving this 30c valuation?
The company has no made this announcement yet. If it had, GCN would not be at 6.5c right now. It is the expected the announcement will be made within this week.
So where does this supposed 30c valuation come from? It seems to me as though this number is plucked from the sky which is not how ASF works. What happens if they decide to list at 5c a share? Or 2c? Or what happens if it is all pure speculation and there is no alternative listing?
If anyone is going to provide a price target, it needs to be backed up by analysis showing how you arrived at that figure. I suggest members posting int his thread read the posting guidelines, as any further posts conatining unsubstantiated price targets will be deleted.
P1 has a 50/50 joint venture with GCN for their entire business, now P1 are at present getting a valuation done on their proposed business, this is part of the listing process, ie. they are not doing an IPO so to satisfy ASX listing rules they must have at least 500 shareholder each with $2k worth of P1 stock.
So P1 gave free stock to GCN holders, and had a formula that meant they need the P1 shares to be valued at 30 cents in order to satisfy the $2k holding for each shareholder.
So that is why the valuation.
Good enough for you?
I'm a little confused to be honest. Can you give a link to the company announcement showing this formula so i can look at it in detail?
500 shareholders at $2k each only equates to $1m, it doesnt matter what price they issued those shares at. Or did they give the shares to more than 500 shareholders?
The Wifi deal I believe is to put wireless hubs on public transport as well as the terminals. They want to replicate what is already up and running in any European counties.
Now I don't know what type of speeds they are going to be offering, and if its anything like what is offered at free hotspot areas like McDonald's or nominated cafes. Then its not going to work as after a few people log on the system gets clogged.
I believe the system is going to be similar to what is available at international airports.
With current mobile phone plans offering 2-3gig of internet access, I don't really see a need for the average user to log on and painfully watch ads before they can browse.
I think its going to be aimed at people that are using their ipads and laptops on trains and buses etc...
How does GCN and its partners intend to monetise their offerings if this is their target market? Through advertising? It's a head-scratcher for me, although I confess I have no more than a passing familiarity with the company through David Haselhursts posts on the Eureka Report over the last few months on GCN.
Please note that this is ASF not HC, and there is no reason to really talk about what other members are doing/saying on other forums.
This looks like a typical pump and dump to me, where posters are saying that they are signifcant holders etc etc and then somehow always miracuously get out near the high and are never seen from again.
Buyer beware i say
This looks like a typical pump and dump to me'
I, therefore, claim that:
You need never read anything on the financial page of your newspaper
except the table of stock prices and volumes.
You need pay no attention to the news, earnings, dividend rates or
statements of corporations.
You need never study the financial or the business situation.
You need not understand railroad or industrial statistics, the money
market, the crop situation, the bank statements, foreign trade or the political
situation.
You can absolutely ignore all the thousands of tips, rumors, reports and
especially the so-called inside information that flood Wall Street.
You can discard all of these completely and finally.
UNLESS YOU DO THIS YOU WILL BE UNABLE TO GET THE BEST RESULTS
FROM YOUR MARKET OPERATIONS. RDW
AGM is today/tonight so I guess we will have to wait for that. Fingers crossed that good questions get asked and they answer them correctly. Otherwise, tomorrow could be a blood bath!
The stock has risen on hype and and cold water that is thrown onto this fire will put it out completely I believe.
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