build infrastructure and sell it off use the money raised to build new infrastructure the new infrastructure makes the old infrastructure worthless Meanwhile investors who put money in good faith and expecting a return lose everything they must feel ripped off!!!! this is not just a little rip off folks. it affects everyone tls is worth $40bn at today's prices every australian would own shares in the company via super $40bn/ 20m people = $2000
every australian probably owns about $2000 worth of tls indirectly and directly I'd say.
what is also amazing is that they own 16% of it or some $6.5bn worth at todays prices.
so in effect they are killing their own investment in the company as well.
already Telstra Mark II(the new nbn) is said to be worthless with people not being prepared to pay the monthly fee. ($200)
I am sure investors will get sucked into buying it as well.
TLS Price at posting:
$3.26 Sentiment: None Disclosure: Held
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