Surely, these have to be in the list too? They are based on...

Surely, these have to be in the list too? They are based on increasing revenue. I have removed the MOU & 2009 announcements as they are unlikely to add to 2Q FY09 revenue, fair enough.

My point is that over the years Freshtel announce lots of interesting sounding things and whilst some of them go on to supply a bit of revenue, most do not live up to the expectation and hype.

Director appointments if accompanied by a glowing reference as to the directors abilities should be taken into account as announcements that elude to an increase of revenue due to the director appointment.

15.09.2008
Freshtel appoints new Director
Mr Nikolakopoulos brings extensive experience in the telecommunications industry to Freshtel, including an outstanding track record in sales and marketing.

02.07.2008
Freshtel appoints new director
Freshtel Holdings Limited (ASX:FRE) is pleased
to advise it has appointed Tesco Telecoms Director of Commerce and Finance, Sean Wilkins to its Board.

Mr Wilkins is an Oxford University graduate with a depth of global executive experience in the telecommunications and finance fields. He has formerly held senior positions with O2, British Telecoms and accounting firm Coopers and Lybrand.

Why do they need all these directors and what are they paying them to do? This is not even a case of "too many chiefs and not enough *indians", have you counted the indians? I think from memory that there are about 11 directors/execs and about 70 employees. In my book that is too many chiefs AND too many indians!

Just look at the last 4C to see the liability incurred by having too many directors, the last one to leave the ship was handed *$250,000 as an early termination fee!!! Does the term "rorting" mean anything to anyone here? How can a company that loses $8M every year afford to pay a $250,000 early termination fee???? Easy, they have got your money in the bank and man are they spending it!

* This is just a North American saying and not a racist remark, ok?

** http://www.freshtelholdings.com/asset/reference/FreshtelQCF4th2008