"...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!!!!..."
Seems to be a error in your premise KG...it wasn't Rudd and the Labour Party who sold TLS off in the first place...it was Howard's Coalition who did that.
Now why would've anyone wanted to sell off a business that was bringing in billions of dollars in profit every year?
Perhaps the view by Howard & Co. even back then in '97 was that Telstra's days were numbered, so why not get a good price for it then...mind you, at the expense of the participants.
T1 sale - $3.30 T2 sale - $7.40 (wow!) T3 sale - $3.50
So when you voice your dissatifaction, perhaps it's not appropriate to suggest that K Rudd ripped you off...little Johnnie and friends did that quite nicely. Furthermore the problems between the regulators and TLS have been going on a lot longer than the Labour Party's current term in office.
TLS Price at posting:
$3.26 Sentiment: None Disclosure: Not Held
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