Ann: Media Commentary on Potential Class Action, page-16

the major problem for TGA is that the Rent/Try, Buy and own it for $1 scheme was advertised as such and sold to unsuspecting battlers -200,000 of them.

no battler could be expected to read the fine print, so the company thought this was easy pickings if it just kept the salesman on the front line quiet.

look, they were charging 50% PA for their fridges/washers ,etc anyway . then in the fine print, you find out you can't buy the appliance for the advertised $1 at lease end, but rather you have to negotiate a price to buy a similar appliance.

Radio Rentals thought they could flout the law because it is defined as a lease agreement.

my gut feel is that TGA is doomed. the class action will more than likely be successful and the hit to bottom line initially could be 50 million.

but the carnage does not stop there- the bad name the company gets from this will be devastating.

you also have the issue of possible insider trading as a perception of some shareholders, as evidenced by the wild fluctuations in SP recently.

even Pioupiou will be gobsmacked by this calamity and no spin on financial rhetoric will suffice.

cheers crazypunter