John Linton ....by the usual suspects....the Labor federal government...the skankier companies in the telecommunications market.......the media generally.
The two resignations from the senior 'management' of the 'NBN2' demonstrated that Stupid Stephen, Ms Faustus and Krudd have been engaged in massive deception of the electorate which should not surprise anyone except the truly stupid:
http://news.smh.com.au/breaking-news-national/nbn-co-silence-undermining-confidence-20110408-1d77i.html
You don't have to be Einstein to work out if the head of contracting and the head of costing both resign after 'NBN2' announces it can't find a tenderer to build its proposed network at the price it has publicly announced (which was based on saving Krudd from being exposed to the consequences of his election lies and was completed in a few hours on the back of an airline sick bag) and the two people within the 'NBN2' most closely associated with delivering on those lies then resign that those public lies are about to become exposed to the general public.
So, once more for the dummies, the 'NBN2' has not been planned at all and all estimates as to time frames and cost were wild guesses aimed at getting federal Labor a second term in government which, thanks to the stupider sections of the electorate and turn venal hayseeds was sort of accomplished. Now, after 4 years of 'politician based lying, some real indications of what this Krudd ego trip may cost are becoming to be exposed to reality - and, lo and behold, they are not a pretty sight. Stupid Stephen in his inimitable stupid style makes a statement that "there will be no increase to the "budgeted expenditure to build the 'NBN2'. I wonder if that will finally see the end of him? I mean, even for a Labor union thug - just how many outright lies can you tell before you have to go?
The other piece of total fiction came from those master practitioners of obfuscation and straight out delusion Eftel who crowned a career of insane statements about the 'health' of their penny dreadful company with this masterpiece of agglomerated just plain untrue or totally misleading statements:
http://asx.com.au/asxpdf/20110408/pdf/41xxz9f8snphj8.pdf
Virtually every single sentence in this, mercifully, short "announcement" just isn't true or is phrased to mislead. For some years EFTel has claimed to be "a top ten ISP". If EFTel are a "top ten ISP" (even after the relatively recent take overs of Westnet, Netspace, OzEmail, Soul, PeopleTelecom) I wonder where Telstra, Optus, TPG, iinet, iPrimus, Internode, Dodo, AAPT, Adam, M2 and even Exetel rank? And they are just the companies that immediately come to mind. Other statements relating to number of customers and revenues are simply fiction and if a combined company revenue of $A50 million per annum (and in the case of Eftel years of operating at a loss) actually supports 300 employees then it is a true financial miracle.This is nothing more than the fire sale of the distressed assets of a small, very badly managed group of failed ISPs masquerading as some sort of entity.
For just one example of the lies in the "announcement" look at this piece of careless 'media' reporting of the answers given to some follow up questions:
http://www.itnews.com.au/News/253883,clubtelco-initiates-reverse-takeover-bid-for-eftel.aspx
Reading John Lane's comment:
"My view is we'll probably need significantly more than [the 120,000 of
the combined entities] for [an NBN business] to be sensible, so we've
got a bit to do"
Just how many ADSL customers is he implying that this new combination of money losing companies actually has? It seems to imply 120,000 (which would obviously contradict the weasel words of the ASX announcement) but the real number is less than 40,000 - a lot less.
So much for the level of truth in this industry and in the careless media that offers comment on it.
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