Hi
@fatusmaximus, I would prefer not to quote David without getting his permission, however my query was regarding the wording of the latest announcement, particularly in regards to management's confidence in reaching the previous targets mentioned.
It had previously been stated that minimum subscribers would total 125,000 by end of year one, with conservative estimates from a subsequent announcement giving figures of 500,000+ subscribers, based on 100+ ISPs with an average 5,000 subscribers per ISP. I was interested whether there had been a change in guaranteed minimum number of ISPs and subscriber numbers for Brazil after year one; And if so, if targets had been revised and scaled back from the previous estimates.
To sum, David understood my concerns regarding the wording. 'Hundreds of thousands' would have been a better choice. He stated that nothing had changed regarding subscriber numbers, with our minimum being more than guaranteed. He also reflected management's confidence going forward. I was pleased with the response and didn't hesitate to pick up a few more options yesterday when I had the chance.
@xraydead, I received a response within a few hours. I don't often email the company - this is probably my third email in 12 months - however, I felt the need to obtain clarification regarding the wording of the most recent announcement.
I believe Nick is attempting to give shareholders what they have previously asked for; that is, more open and frequent communication. It's interesting how people will complain either way though. I do agree with
@Paxti, that communication should be more considered and strategic. However in my opinion, the market will respond once subscriber numbers and revenue is reported, not earlier. The company is creating something of value, but the market will ultimately decide how it is valued. Therefore the company needs to be focused on the job at hand, not appeasing a few shareholders who feel that company communication is what is holding the share price back.
Currently I am satisfied the progress being made and the steps taken to create long-term value for shareholders.
GLTAH.
