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GCN - GoConnect Limited

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motorway said:
AGM has already been and gone !

And the stock has in fact risen on massive buying !

111,902,839 shares just today

Motorway
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Sorry I was thinking of PEN haha and just so you know their AGM wasn't very good ha
 
motorway said:
I hold .. So DYOR
I agree nearly everything about this looks HIGH RISK
note I said Nearly .. The one thing that doesn't imo is the CHART.

At least as at close today

Motorway
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The chart never lies... and it's great to see traders like yourself capitalising on a strong momentum play.

It is just sad to see some others who get sucked in thinking this is a share for their kids, or are completely confused in their "valuation".
 
Well, well. Here we have a cap raising (http://asx.com.au/asxpdf/20111130/pdf/422y9rlg9qcmbz.pdf) at I would say an average of 3.78c. Sold out at 6.2 today after digesting the news, support looks pretty good I would say at the low 5's at the moment.

Friend has called up Richard who said that this capital raising was done last Friday when the SP was much lower. CEO to be trusted?
 

So forgive my ignorance and inexperience but what are the implications of this? If the capital raising has already taken place, there should be no effect on shareprice? I guess there is a negative sentiment with everyone expecting a different announcement AND the fact that they are still raising money?

Share price seems to have dropped at first, but now seems to be recovering slightly.

EDIT: now back to open..
 

3.78c is about right ... Again "everything about this looks HIGH RISK
note I said Nearly .. The one thing that doesn't imo is the CHART." At least as at NOW.

It is not one of the flagged announcements. QUITE THE OPPOSITE .. With all the "good news" to come. You could have expected any capital raising to be delayed .

Friend has called up Richard who said that this capital raising was done last Friday when the SP was much lower. CEO to be trusted?
Click to expand...

The two prices suggests it was done last Friday ..

CEO to be trusted?
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That quote from RDW has a DOUBLE MEANING.. if not mutiple meaning

How do you know such things as you and SKC ask

You either KNOW ( eg you really done the research ) or You Let the chart inform you.

The Composite MAN ... Who is made up of the informed and uniformed , leader and laggards . The open today provides a ''TEST"
CEO to be trusted?
Click to expand...
We soon see in the response ==> back to .066 as I finish this post

Motorway
 
alexc2005 said:
So forgive my ignorance and inexperience but what are the implications of this?

Share price seems to have dropped at first, but now seems to be recovering slightly.
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Depending on who you trust there are vastly different views. The CEO has stated in a phonecall only (so don't go bullying me for a link to an announcement or anything) that the capital raising was done on Friday. I would say the share price would've been at around the 2c level when this was done if he is being honest and so the capital raising would indicate confidence in GCN.

However, if the capital raising was done today, that would mean that the company is valued much less than the supposed P1 (at 30c), and therefore, also GCN. Based on current market sentiment I would like to think the former is true, price seems to have rallied back to the open already so someone knows something (people have called up Richard?).
 
Well, if they know the company is worth 30c per share they would have waited with the capital raising thing until a higher share price, so I reckon they're very risky. Just my opinion.
 
marioland said:
Well, if they know the company is worth 30c per share they would have waited with the capital raising thing until a higher share price, so I reckon they're very risky. Just my opinion.
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Isn't it's already a higher share price. 2c --> 7c?
 
marioland said:
Well, if they know the company is worth 30c per share they would have waited with the capital raising thing until a higher share price, so I reckon they're very risky. Just my opinion.
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You only need to look at the cash statements to know that they have very little working capital .

But that was true when the share price was .006 and it still true today even after the placement imo .

But that is not what matters ... If P1 is really worth .30 .. GCN shares will soon resume making higher prices and at the very least the share price will find support .

I am not surprised they needed to raise working capital for the purposes in the announcement. You need working capital to work !

Motorway
 
Well not sure if this adds anything to the discussion but I'm back in at 6.3. Lesson learnt to read and digest announcements better LOL

I believe nothing has changed since yesterday and hope for an announcement soon...
 
snsdmonkey said:
Well not sure if this adds anything to the discussion but I'm back in at 6.3. Lesson learnt to read and digest announcements better LOL

I believe nothing has changed since yesterday and hope for an announcement soon...
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Good move.

A lot can be made trading this share on the highs or lows. I wish i had the time.

if you look at the massive gap between the highs and lows of the day, some have been making a buck.

This doesn't really change anything as it's already occured. Still waiting on announcements here.
 
snsdmonkey said:
Well not sure if this adds anything to the discussion but I'm back in at 6.3. Lesson learnt to read and digest announcements better LOL

I believe nothing has changed since yesterday and hope for an announcement soon...
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You read the announcement correctly. The market is wrong

No nothing has changed since yesterday. It's still hot air galore.

But hey, Bitcoins can go up to $32 a pop so what do I know about market irrationality?!

https://www.aussiestockforums.com/forums/showthread.php?t=22781&highlight=bitcoins
 

Exactly. This is about 10 years too late. If you're doing work then it's unlikely your employer will allow you to sign in over a public a WiFi network (I guess with a VPN it wouldn't be such a big issue). As you point out public WiFi tends to be painfully slow, even when it's a fee for use service.
 

People either have to read the announcements and understand them.
Or read the charts and understand them.
Or both

The other way imo does not work
Not reading the announcements and not reading the charts


GCN has a number of J/Vs

Eg with Wifi.. GCN are not spending any money building any of the networks ..


I expect today's close will be revealing .. Given esp the volume today.

Right Now ... the action looks positive ..


Motorway
 
Netbay’s free WiFi service is expected to be rolled out in the December quarter of this
year to a number of high traffic locations in Melbourne estimated initially to have about
500,000 users per day.
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That sounds extremely optimistic, almost laughably so.

AT&T runs 29,000 WiFi hotspots (it's free for some existing customers* and for others either a single use charge or monthly charge) across the US and only recieves 3.2m connections/day. I find it very difficult to believe that a free WiFi network (with all the slowness and advertising that comes with it) centred around the CBD of a city of ~3.5m people will get 500k connections/day.

*All AT&T iPhone customers are eligible for free WiFi. Last year AT&T sold 15m iPhones on contract. All smart phone customers spending more than $30/month on their contract are eligible for free WiFi. In total AT&T Mobility have 100m subscibers. Broadband subscribers were around ~16m, and they are also entitled to use the free WiFi (obviously there would be some overlap with Mobility customers).
 
Advertising in banner and video commercials will be targeted to the users based on age, gender and location of the users so that users will be receiving advertisement that will be relevant to them.
Click to expand...

Seriously!

 
Last edited by a moderator:
Ok how about we analyse the stock technically then? Would you have a different view on it apart from the potential business?
 
I got excited by this stock over the last few days and picked it as my December tip.

My self imposed trading rules stop me buying a stock whose shareprice has risen parabolically. The chart today suggests my trading rule saved me from a bad trade.

Maybe another round of hype will come into this stock. Having David Haselhurst (The Speculator) recommending this stock (however at far lower levels and pre an entitlement to shares in Priory One) makes me think there is some value here.

Thanks to the more reasoned posts on this forum (versus the Gooooooooooconnect! and Whooshka posts on another forum). I really appreciate the reasoned information/analysis.
 
snsdmonkey said:
Ok how about we analyse the stock technically then? Would you have a different view on it apart from the potential business?
Click to expand...

yes sure ...Will say something later tonight..

In the meantime read this I will be using this methodology and terminology

https://www.aussiestockforums.com/forums/showthread.php?t=10020&p=263842&viewfull=1#post263842


note


change that to "It won't go up until after they sell"

Motorway
 
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