re: Ann: Freshtel enables low cost calls glob... It's core strength as you put it appears to have put it in a ditch. No gold star from me on this one. Losses are about $30M from memory with declining revenue.
I have said all along that there is a MASSIVE untapped retail and business VOIP market out there and in Australia alone anf they should have been chasing that. What a massive lost opportunity and their lack of proper retail presence has stunted the growth of VOIP in Australia. For shame Freshtel.
If I was Carew (Freshtel Founder and a fine gentleman) back in the day and Tesco rocked up to the party with a brewery truck I definately would have started drinking too. At some point though the drinking would have to have stopped but it did not. They simply sent the beer truck away and ordered one to be filled with champagne and hence you have FRE current position. Totally distracted with Tesco and spending like there is no tomorrow.
Man I would have loved to have been a FRE director with the $250,000 PA fees. Imagine it, once a week meetings, approving more expenditure, travel to the UK, getting your mates in as directors too, what a gift!
FRE is not over by a long shot, whilst brokers still draw breath they will find enough patsies to stump up whatever is required to raise some more drinking money.
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