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Telstra to pay $10 million for misleading premium billing charge...

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27/04/18

10:15

Post #: 32714518
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Originally posted by pods ↑

Had no idea? Not even an inkling? It was a long term problem for me from about the beginning of my holding. I looked at the apps and some looked good, but not for the price. I could never understand why people were paying 5 dollars a week for information they could get for free. It was obviously all a bit shonky. MBE never really had a game or app with decent content that people would actually like. However i continued to hold despite my beliefs at the time because i was giving them the benefit of the doubt. Who can argue with the revenues they were getting at the time. If only i had sold sooner.

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Telstra to pay $10 million for misleading premium billing charge representations

I suppose the question shareholders should ask is whether Telstra will claw back the revenue paid to the PDB content provider in light of the refunds. If so, how much would IMS's liability be?

How does the decision affect the other carriers? Were they all involved in PDB?

Also, has IMS filed a Notice of Discontinuance as yet? Waving a red rag at an angry bull is not good corporate strategy.

IMS Price at posting: 2.6¢ Sentiment: None Disclosure: Not Held
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