Ann: Family Zone to launch in India with Vodafone and Micromax, page-32

India market is a quick way to rack up subscribers to reach that 100,000 mark by the end of year so more free shares can be given out to management/employees. I believe 3 overseas subscriptions are the equivalent of 1 Aus/NZ subscription but none the less India/overseas subscriptions are clearly what they are targeting under the free shares plan. Pity that those subscribers will bring in a pitiful ARPU relative to the amount of shares given away ie next to no revenue.

Dilution of shares in favour of management and staff is palatable but only when it links back to genuine revenue increases not 10c a month subscriptions in India.

I continue to keep an eye on FZO but each time I come back and look at it I continue to see a company set up to reward management/staff at the expense of other shareholders.

In light of this recent announcement doesn't everyone think that the 100,000 subscriber target will be too easy to achieve once cheap Indian subscriptions are thrown into that?