I think there is someone out there that thinks they know...

I think there is someone out there that thinks they know something and has just voted with their feet. Their interpretation of the companies potential is clearly upbeat and I wish them the very best, no one wants to drop more money at this time.

I have been pretty tough on Freshtel as they have seemingly wasted a lot of good shareholder money on chasing international pipe dreams largely at the behest of Tesco (actually only a 14% shareholder, why is Freshtel cowing to them?) and more latterly positioning themselves as an international telco/voip switch for hire. Others have defended Freshtel management and their apparent change in direction as a positive step.

One must ask where are the forecast revenue increases from the QMC, Macquarie, Tesco and other announcments sprinkled throughout 2008? Now Pakistan Telecom is supposed to be online and capable of contributing revenue. Time will tell, surely one more qtr will be indicative of revenue direction.

My negativity on Freshtel management will remain until I can see an increase in the last 2 qtrs revenue of under $1M per qtr irrespective of recent positive announcements and todays 5.5M share purchase.

Good luck FRE holders, we all need it in our respective investments in this sector in this awful market.