Bit contradictory, first saying the only thing the company has going for it is the wireless internet isp business unit. And then back tracking and saying you like the gaming project. Clearly the company has been heavily over promoted on the gaming business, which is another 12 months away from news flow, if it even goes live and "exclusive". So no surprise smart money is fleeing the ship and retail will be left holding the bag at 10 cents.
if terrorgraff was real, how come no companies are using it aleeeady overseas? Looks like a bit of Disallowed....
Expanding nationally? But the companies slogan is "Nothing but internet for Perth". Hahaaha, what have you been smoking. The prospectus has no mention, and no use of funds applied for expanding nationally. Directors would be violating their directors duties if the company actually did anything outside of perth metropolitan. Uniti had fw in adelaide and melbourne, and didnt do too well. Sydney has too many trees and hills to do fixed wireless. Could the management team even pull off an interstate rollout? This is the same management team delaying by six months a pay-to-plug-and-play game system, zero credibility there.how does that churn rate equate?
there was 392 customers that left for the period. Thats a given -Even Euroz stated this number.
average customers over the quarter was 11,740.
so works out churn rate =3.34%.
hmm, is this 50% higher rate of churn than the industy average of 2%? Does this mean the company is 50% worse than the peer group?
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