The People's Smooth Operator

[Poetlister]

How many people do you suppose read their blog? Thirty? Forty?

[thekohser]

A nice chart that clearly shows what went wrong with The People's Operator:



Though it's tied to a very poorly-researched article by Ben Rossbaum.

[Kingsindian]

The legend says profit is supposed to be shown in green, but it looks like profit was never positive, so it's red all the way through.

I don't know how they are calculating the "estimated" part. What are the assumptions which go into the estimation? Who are the "analysts" that are estimating?

Price is just the tip of the iceberg. Dig deeper into what truly matters – the fundamentals – before you make a decision on People’s Operator.

It's not clear that the author bothered to follow their own advice here.

[Poetlister]

A nice chart that clearly shows what went wrong with The People's Operator:

It takes great ingenuity to make a sustained loss that for years on end has been several times greater than the revenue! One wonders why the creditors haven't pulled the plug.

[Randy from Boise]

Oh, Greg, you're such a pessimist.... Look what THE ANALYSTS forecast for company performance in 2018 and beyond!!!!

RfB

[Poetlister]

And any time now that is what the Wikipedia article will say.

[thekohser]

Remember the TPO Foundation -- that organization that was set up to handle how The People's Operator would donate to charity 25% of the profits that don't exist and have never existed?

Looks like Sir Christopher Kelly has decided he's had enough of leading just an empty skeleton of a pointless organization.

Weird how Wikipedia's biography of Kelly never mentioned his association with The People's Operator, even though it was announced across media like Engadget, Huffington Post, TechWorld, and others.

[Randy from Boise]

Remember the TPO Foundation -- that organization that was set up to handle how The People's Operator would donate to charity 25% of the profits that don't exist and have never existed?

Looks like Sir Christopher Kelly has decided he's had enough of leading just an empty skeleton of a pointless organization.

Weird how Wikipedia's biography of Kelly never mentioned his association with The People's Operator, even though it was announced across media like Engadget, Huffington Post, TechWorld, and others.

So you are arguing that WP failed in promoting TPO to the fullest extent possible? Or do you feel that now that it's a failing enterprise every relationship to the company should be retroactively documented?

RfB

[thekohser]

So you are arguing that WP failed in promoting TPO to the fullest extent possible? Or do you feel that now that it's a failing enterprise every relationship to the company should be retroactively documented?

RfB

[Poetlister]

Weird how Wikipedia's biography of Kelly never mentioned his association with The People's Operator, even though it was announced across media like Engadget, Huffington Post, TechWorld, and others.

Sir Christopher is no fool. No doubt he only took on the job on condition that it would never get into his article.

[thekohser]

I hadn't noticed (better things to do on a late Friday afternoon, I guess), but around the end of the trading day on September 15th, there were apparently nearly 1.2 million shares of TPOP sold at the low price of 1.75 pence. The board shows two trades of 598,342, so it's possible that one is just a mistaken duplicate of the other. Either way, that's a lot more selling than we've seen in some time.

[Zoloft]

I hadn't noticed (better things to do on a late Friday afternoon, I guess), but around the end of the trading day on September 15th, there were apparently nearly 1.2 million shares of TPOP sold at the low price of 1.75 pence. The board shows two trades of 598,342, so it's possible that one is just a mistaken duplicate of the other. Either way, that's a lot more selling than we've seen in some time.

I'm rooting for that magic sub-penny price.

[Poetlister]

I'm rooting for that magic sub-penny price.

Patience! It may take a couple of weeks.

[thekohser]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

[Randy from Boise]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Is there a magic number for delisting a stock in the UK?

RfB

[Graaf Statler]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Is there a magic number for delisting a stock in the UK?

RfB

I don't think so. If there is still any trade, they don't delist it.

[thekohser]

Good news, TPO shareholders and customers! The company is finally profitable!

But here's the bad news...

* The profit (£127,895) wouldn't be enough to pay even three executives at the original 2015 rates.

* Revenue is actually lower in 1H 2017 versus 1H 2016, so the current profitability is likely coming thanks to hefty cuts in costs (probably payroll more than anything else).

* Assuming a total subscriber base of about 75,000, the profit per subscriber per month is about 38 cents. And remember, the early days of The People's Operator promised 25% of that will go to charity, so the TPO shareholders will count less than 29 cents per customer.

* There was a 77% increase in US customer acquisition costs.

* We can estimate a post-charitable-giving profit margin of approximately 1.7%.

* Were it not for new equity infusions of cash in the first quarter, TPO would have only £260,000 left in the bank (with a £1,000,000 loan from Barclay's still to repay).

In other words, even if results look twice as favorable in the next six months, the profit is not going to be enough to keep this company from running on a razor-thin line between going broke and meeting next week's payroll. Any significant setback problem won't have enough cash on hand to address it.

[Graaf Statler]

Don't tell me anything about stock markets. It's a gambling share, and something is terribly wrong. You see high volumes, and falling prices. That means only gamblers are buying this shares, and the market makers and investors clear there position for any price. What is wrong, I don't know, but there is always a lot more information on the trading floor that outside! Stay away from this share, even if it is 5 cents! It's now a casino!

[Randy from Boise]

Don't tell me anything about stock markets. It's a gambling share, and something is terribly wrong. You see high volumes, and falling prices. That means only gamblers are buying this shares, and the market makers and investors clear there position for any price. What is wrong, I don't know, but there is always a lot more information on the trading floor that outside! Stay away from this share, even if it is 5 cents! It's now a casino!

There is a witticism packaged as a "law" in the world of numismatics called The Greater Fool Theory, to the effect: "Any fool can make money buying a coin at any price as long as they can find a greater fool to pay more."

Gamble on, gamblers — especially if doing so will help get this dog of a company past the Jan. 1, 2018, mark for another gambler...

RfB

[Graaf Statler]

Don't tell me anything about stock markets. It's a gambling share, and something is terribly wrong. You see high volumes, and falling prices. That means only gamblers are buying this shares, and the market makers and investors clear there position for any price. What is wrong, I don't know, but there is always a lot more information on the trading floor that outside! Stay away from this share, even if it is 5 cents! It's now a casino!

There is a witticism packaged as a "law" in the world of numismatics called The Greater Fool Theory, to the effect: "Any fool can make money buying a coin at any price as long as they can find a greater fool to pay more."

Gamble on, gamblers — especially if doing so will help get this dog of a company past the Jan. 1, 2018, mark for another gambler...

RfB

What I am wonder, if I see the numbers given by Gregory, why is this company listed on the stock market? This seems to me numbers for a plumbing company with a few employers. My clients have such sales figures. They have a fine house and a Mercedes, but stock markets and options, no. I mean, £260,000 left in the bank , £1,000,000 loan, yes that are normal numbers for them. But notification on the stock market? They even don't know what a put or a call option is!

[thekohser]

...why is this company listed on the stock market?

How else were they to raise £20 million of unsuspecting investors' money, from which to hire a telephone equipment servicing company to do most of the work, while the executives pulled down plump salaries of £200,000 a year? The IPO was all part of the scam!

[Poetlister]

I don't think it was originally intended as a scam. It was started with good intentions.

[Randy from Boise]

I don't think it was originally intended as a scam. It was started with good intentions.

I agree with this. Their BUSINESS MODEL called for an IPO which allowed for healthy executive salaries.

RfB

[Graaf Statler]

...why is this company listed on the stock market?

How else were they to raise £20 million of unsuspecting investors' money, from which to hire a telephone equipment servicing company to do most of the work, while the executives pulled down plump salaries of £200,000 a year? The IPO was all part of the scam!

Wait a minute. I am not familiar with this case, but let's see if I got it right. A summery. They started in 2014 with £20 million investors' money, collected on the stock market. They used a hired network, Tmobile. In 2017 there is left £260,000 - £1.000,000 = -740,000. Right? So, they had a loss of more than £20 million in three years. That's about £7 million a year, and there stock price is about 1.60 pence. And some people got £200,000 salary a year for this unique performance? Right?

I am speechless. Poor investors. They thought they invested in charity, and lose this amount of money? Shameless. Yes, I understand Gregory used the term scam.

[thekohser]

I don't think it was originally intended as a scam. It was started with good intentions.

I agree with this. Their BUSINESS MODEL called for an IPO which allowed for healthy executive salaries.

RfB

Let me understand...

The company announced in October 2014 that it was going public with a leadership team of seven (7) directors. How many of them had any management experience in the wireless telephony vertical? Rosenfeld had none. Wales had none. Lea had none. Hughes had none. Cassoni had none. Gallardo had none. So that leaves us with Mark Epstein. He had some limited, company-unnamed experience in wireless (according to his biography), but there is no mention in any independent business media of this experience. Why don't we count that as one-half person on the director team as having any previous experience with a wireless company? Or, we could say that only 7% of the board of directors knew what they were doing in launching a wireless company.

Now, to the company's credit, they did hire Jon Fawcett, who had experience at Orange, Cable and Wireless, and Lebara Mobile -- but 90% of his wireless experience was in marketing communications, not actual operations. If you're not really trying to run a wireless company, but rather trying to promote the idea of one, would you hire someone with wireless operations experience, or marketing communications experience?

Next, let's look at Rosenfeld's possible intentions with the company. Prior to TPOP, he was most famous for financing (in potentially shady ways) the Labour Party. After TPOP, who were two of the first "10 percent donation" partners of the new wireless carrier? The Labour Party and Unite. If one of Britain's richest men really wanted to create a wireless company, and that was his primary intention, why was he so quick to align it with the very same political body that had earned him so much previous public-relations trouble and bad press? Maybe creating a broad-based wireless company was not his true intention.

The final piece of evidence that I'll submit before resting my case is how AIM broker finnCap was paid to evaluate what it thought the future prospects for TPOP share price looked like. TPOP paid finnCap in the form of tens of thousands of shares of TPOP stock. And then finnCap turned around to publicly state that the future price target was 250 pence, goading investors to buy, buy, BUY! The price is now sub-2 pence.

These don't sound like the actions of well-intentioned wireless company operators. So, I'm standing by my personal assessment of it being an investment "scam" from the get-go. You're free to have your own opinions that it was merely a hare-brained, recklessly-managed attempt to build a lovely wireless company that would return glorious profits to shareholders. We'll just agree to disagree.

[thekohser]

...why is this company listed on the stock market?

How else were they to raise £20 million of unsuspecting investors' money, from which to hire a telephone equipment servicing company to do most of the work, while the executives pulled down plump salaries of £200,000 a year? The IPO was all part of the scam!

Wait a minute. I am not familiar with this case, but let's see if I got it right. A summery. They started in 2014 with £20 million investors' money, collected on the stock market. They used a hired network, Tmobile. In 2017 there is left £260,000 - £1.000,000 = -740,000. Right? So, they had a loss of more than £20 million in three years. That's about £7 million a year, and there stock price is about 1.60 pence. And some people got £200,000 salary a year for this unique performance? Right?

I am speechless. Poor investors. They thought they invested in charity, and lose this amount of money? Shameless. Yes, I understand Gregory used the term scam.

Just responding to your point in red above. No, I was not talking about T-Mobile... I'm actually talking about Ivox Solutions in Florida. When TPO Mobile expanded operations to the United States, they didn't hire many new employees to run the US operation of phone device and SIM card fulfillment. Instead, they entirely outsourced the US customer support and fulfillment operation to Ivox. Run a Google search on the former President of Ivox, and you might learn about someone named Henry D. Caldarazzo. Look into what he was doing in Baltimore back around 2001 and 2002. You'll discover something -- that how Jimmy Wales financed Bomis was not too different from how Caldarazzo went about business earlier in his career. Birds of a feather, they say.

[Bezdomni]

wow. call centers and drug money... fascinating thread! Someone should mention the Wire.

[thekohser]

Further, any serious wireless company that lost £20,000,000 of various investors' money would probably learn its lesson and close up shop.

However, TPO Mobile is a company without shame, so they will attempt yet again to raise more cash not from running a profitable wireless company, but by bilking new investors out of their own money.

[Graaf Statler]

Further, any serious wireless company that lost £20,000,000 of various investors' money would probably learn its lesson and close up shop.

However, TPO Mobile is a company without shame, so they will attempt yet again to raise more cash not from running a profitable wireless company, but by bilking new investors out of their own money.

The only question what remains is, who is going to invest in a company what lost £20,000,000 in a few years.....

[thekohser]

Just noticed this blurb in the half-year report:

Outlook

The Board is committed to reinforcing the ethos of the Company as a means of supporting good causes rather than simply a low-cost MVNO. To this end, the Board has reviewed the previous marketing strategy and is delighted to announce the appointment of 360i as our marketing and communications partner. 360i is an award-winning agency which harnesses digital media and technology to communicate effectively with potential customers.

360i has been tasked with the relaunch of the core message of the TPO brand, which is the ability to do good within the framework of an everyday medium. 360i will advise on the use of digital marketing and modern communication techniques to facilitate the acquisition of profitable long-term customers who share a passion for the causes of their choice. Both parties have agreed that the Agency will be rewarded on a results basis.

James Townsend, the CEO of 360i, comments: "We are delighted to be partnering with TPO. We believe in the proposition and in helping TPO realise its potential as a business and a brand. Our partnership incentivises us to focus on sustainably growing a high value customer base, an area we have strong pedigree in delivering for brands like TSB, Converse and Norwegian Airlines. In addition we want to bring to life the beauty of the business model via the brand story: a vibrant customer-centric business that does good in this world."

Let's take a look at 360i (T-H-L) on Wikipedia, shall we? It was already independently called out in 2013 as "dubious".

While the article was created by what appears to be a run-of-the-mill Wikipedia addict, it wasn't long before we saw corporate, single-purpose, and paid editors arrive on the scene, including:

Innovationeditor (T-C-L)

EGroup (T-C-L) (blocked for abusive sockpuppetry)

Agency360i (T-C-L)

Frw2529 (T-C-L)

CorporateM (T-C-L) (Wikipedia's most prolific -- and paid -- author of ranked content about extant organizations)

Digital 360i (T-C-L)

Esotericmynd (T-C-L) (Edited about Doremus in 2008 and 360i in 2016, and there is a current VP of Engineering at 360i who would fit that description.)

We can only hope that Jimbo is still involved enough with The People's Operator (and with Wikipedia) that he will have a little chat with the folks at 360i, about how to ethically engage with online crowdsourced reference sites, yes?

[Poetlister]

Further, any serious wireless company that lost £20,000,000 of various investors' money would probably learn its lesson and close up shop.

However, TPO Mobile is a company without shame, so they will attempt yet again to raise more cash not from running a profitable wireless company, but by bilking new investors out of their own money.

The company reported a pretax loss of GBP2.9 million for the half year to the end of June, narrowed from a loss of GBP3.9 million the prior year, on revenue of GBP1.7 million, slightly shy of the GBP1.8 million reported a year prior.

Yes, a loss of £2.9 milion on income of £1.7 million is quite a recovery from a loss of £3.9 milion on income of £1.8 million.
You'd have to be jolly naive to invest in a company with that track record unless you can somehow use it to money launder.

[Randy from Boise]

Further, any serious wireless company that lost £20,000,000 of various investors' money would probably learn its lesson and close up shop.

However, TPO Mobile is a company without shame, so they will attempt yet again to raise more cash not from running a profitable wireless company, but by bilking new investors out of their own money.

The company reported a pretax loss of GBP2.9 million for the half year to the end of June, narrowed from a loss of GBP3.9 million the prior year, on revenue of GBP1.7 million, slightly shy of the GBP1.8 million reported a year prior.

Yes, a loss of £2.9 milion on income of £1.7 million is quite a recovery from a loss of £3.9 milion on income of £1.8 million.
You'd have to be jolly naive to invest in a company with that track record unless you can somehow use it to money launder.

Lowering that all important Loss-to-Income ratio!

RfB

[Randy from Boise]

Further, any serious wireless company that lost £20,000,000 of various investors' money would probably learn its lesson and close up shop.

However, TPO Mobile is a company without shame, so they will attempt yet again to raise more cash not from running a profitable wireless company, but by bilking new investors out of their own money.

Now now, casinos aren't accused of "bilking investors" when the big wheel comes up red instead of black...

You buy your ticket and you take your chances on hitting it big with TPO. Anybody that can read knowns their track record.

RfB

[thekohser]

Now now, casinos aren't accused of "bilking investors" when the big wheel comes up red instead of black...

Funny you should mention casinos, which are much more strictly regulated than the AIM market that TPOP trades on. Imagine if finnCap analyzed the roulette table at Harrah's, in exchange for a pile of casino chips and two tickets to the dinner buffet. Given how reckless they were with TPO, I'm sure finnCap would say, "We conclude that players at the Harrah's roulette table may expect, over time, a target goal of $250 for every $130 wagered." What do you think the state casino control commission would say about that?

[Graaf Statler]

Now now, casinos aren't accused of "bilking investors" when the big wheel comes up red instead of black...

Funny you should mention casinos, which are much more strictly regulated than the AIM market that TPOP trades on. Imagine if finnCap analyzed the roulette table at Harrah's, in exchange for a pile of casino chips and two tickets to the dinner buffet. Given how reckless they were with TPO, I'm sure finnCap would say, "We conclude that players at the Harrah's roulette table may expect, over time, a target goal of $250 for every $130 wagered." What do you think the state casino control commission would say about that?

Well, in general I am wondering it's all possible. I slept it over, and was thinking, how is it possible this man got a honorary degree of the Universiteit van Maastrich in 2015, for something what was not his idea? How is it possible his project got the very pretentious Erasmus price out of the hands of our king.? This telephone company, it's pure amateurism, there is no other word. Amateurism.

That Wikitribune, witch fool can even think a wiki-community is able to to check facts? They copy facts, but don't check them! Even if someone wants to change his one birthday, they don't allow it! Primary source, and if not, it's original research! It is so Beagle Boys style. It's so clear, what shall I say..........so clear it's all fake, just like it's clear the Beagle Boys are crooks.

I told the true, I am a handcrafts man, a subcontractor In the stand building, with hardly any education. And I see, this is Beagle Boys work. Why does't the rest of the world see what I see?
But I feel myself so Momo at the moment, complete lost in a world what is not mine....

[Randy from Boise]

Now now, casinos aren't accused of "bilking investors" when the big wheel comes up red instead of black...

Funny you should mention casinos, which are much more strictly regulated than the AIM market that TPOP trades on. Imagine if finnCap analyzed the roulette table at Harrah's, in exchange for a pile of casino chips and two tickets to the dinner buffet. Given how reckless they were with TPO, I'm sure finnCap would say, "We conclude that players at the Harrah's roulette table may expect, over time, a target goal of $250 for every $130 wagered." What do you think the state casino control commission would say about that?

Well, in general I am wondering it's all possible. I slept it over, and was thinking, how is it possible this man got a honorary degree of the Universiteit van Maastrich in 2015, for something what was not his idea? How is it possible his project got the very pretentious Erasmus price out of the hands of our king.? This telephone company, it's pure amateurism, there is no other word. Amateurism.

That Wikitribune, witch fool can even think a wiki-community is able to to check facts? They copy facts, but don't check them! Even if someone wants to change his one birthday, they don't allow it! Primary source, and if not, it's original research! It is so Beagle Boys style. It's so clear, what shall I say..........so clear it's all fake, just like it's clear the Beagle Boys are crooks.

I told the true, I am a handcrafts man, a subcontractor In the stand building, with hardly any education. And I see, this is Beagle Boys work. Why does't the rest of the world see what I see?
But I feel myself so Momo at the moment, complete lost in a world what is not mine....

I hadn't heard of the Beagle Boys (T-H-L) before.... I learned something today! But the cartoon character I really want to see is Witch Fool (T-H-L) .

RfB

[Graaf Statler]

Hmmm.... Altough I read the Donald Duck in English when I was five, my father thought it was good for his children to read English, I have the feeling my English is far from perfect... It didn't help much I am afraid.
But I think it's about time Jimmy put his money where his mouth is, and show use what the value of his WikiTribune is.
Because that evidence-based journalists of Wikitribune should make flying start if they write a article about Jimbo Wales, the founder of Wikitribune. Evidence-based. It would be a great hit!
Well Jimmy, go ahead! Show us how important fighting fake news and a fake person is with your Wikitribune! And I am sure if you do so, we all donate 10 dollar! Deal Jimmy?

[Poetlister]

But the cartoon character I really want to see is Witch Fool (T-H-L) .

RfB

Be my guest!

[thekohser]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

[Graaf Statler]

But the cartoon character I really want to see is Witch Fool (T-H-L) .

RfB

Be my guest!

I told you I was sitting on Tolkiens' lap as a child, didn't I? I think that's the reason everything in my live always ends up in the most absurd situations, nothing ever is normal. A Witch Fool exists. But I am afraid most people who have invest in this company aren't fools or witches at all, but people who have been fooled! And I think it should be a very good idea if someone (Gregory?) should write a blogpost about mister Jimbo Wales! Because I am astonished!

Don't forget we are talking about charity. People are investing, giving money because they trust this man. Me too, until I read the facts here! This can't go one!

[Randy from Boise]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

The collapse is coming.... C'mon you donkeys, get to the first of January...

RfB

[Graaf Statler]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

The collapse is coming.... C'mon you donkeys, get to the first of January...

RfB

I am wondering what it will do Monday. because this is a typical Friday trade, high volumes, everybody wants to get rid of it before the weekend. To any price. And there are always people how want to clear there short position for the weekend, who want to save there profit and give that 1.25 pence. But Monday they are not in the marked, so the price can drop dramatical, and stay a time on a minimal level till they take it out of the notification. They don't do that now, because there is still trade and a price. Monday is the moment of the true, will it keep stabile, or will it drop to 10-20 pence the coming week, what's the end of this ambition project.

[thekohser]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

And this Monday morning, a lot of over 147,000 shares sold at 1.15 pence.

Spoke too soon. A later trade this morning took place at 1.10 pence.

[Graaf Statler]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

And this Monday morning, a lot of over 147,000 shares sold at 1.15 pence.

Even with lower volumes is the price dropping, that's a bad sign, Gregory. Poor investors, they lost all there money.
The probelm of all Jimmy's businesses is the same, there is no product. WMF international: Jimmy changed Sanger's idea in digital trashcan with troll drive. His telephone company: He hired a network, and a incapable staff. The Wikitribune: I think we will never see any product, he is only hiring staf. Because Jimmy's specialty is the wrong man or woman on the wrong place.
Jimmy is just a lousy entrepreneur, a plumber or a stand builder knows better how to run a firm.
Only it's strange people are keeping on to giving him money, money what evaporated. Sad, real sad.

[Randy from Boise]

The probelm of all Jimmy's businesses is the same, their is no product. WMF international: Jimmy changed Sanger's idea in digital trashcan with troll drive. His telephone company: He hired a network, and a incapable staff. The Wikitribune: I think we will never see any product, he is only hiring staff. Because Jimmy's specialty is the wrong man or woman on the wrong place.
Jimmy is just a lousy entrepreneur, a plumber or a stand builder knows better how to run a firm.
Only it's strange people are keeping on to giving him money, money what evaporated. Sad, real sad.

Well, to be fair, we don't know how Wikia is doing. That could be massively lucrative for all we know. I seem to remember that JW mentioned ad revenue of something like $4 a visitor on Jimbotalk once, which struck me as enormous.

Also, Wikipedia, like it or not, is a success story, other than the fact that he made it into a non-profit and is only able to extract chump change travel benefits from the operation.

Greg can probably provide an exhaustive list of his debacles. There are a few. But it only takes one big "hit" to cover a whole slug of misses. That's the nature of start-up businesses...

RfB

[thekohser]

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

We now know that the 1,000,000 shares sold were from the Rosenfeld kids, divesting nearly 13.7% of their holdings, all for what... about $4,200 cash for each of the four of them. If "insiders" like these are saying that they'd rather trade 14% of their future hope that this company does something amazing eventually, all for about the price of a two-person cruise out of Southampton, how can outside investors be expected to hang on just a little bit longer?

[Graaf Statler]

Wikia? to be honest, never heard about. But who knows, maybe it's a moneymaker. And not Wikipedia is a succes, some Wikipedia's are a succes, and that is not because of WMF! That is because some users made it a succes, but believe me, without WMF and Jimmy thinks were much better.

Wikipedia-NL is complet turned down by Jimmy and WMF by giving there free lunches away. Wikipedia-NL dead, every serieus editor has left, and it's filed up with pimped robot translations, crap, copyvio, and sometimes a good article from long ago. What is left are a few Wikimedia trolls how try to save there kingdom.
WMF doesn't check the chapters, they believe in good faith. If they take the toilet roll from the wall in Utrecht, printed with the Duck Tales and send it to SanFan it's OK. If there is any "rapport", they get there money. Good faith, you know?

[Graaf Statler]

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

We now know that the 1,000,000 shares sold were from the Rosenfeld kids, divesting nearly 13.7% of their holdings, all for what... about $4,200 cash for each of the four of them. If "insiders" like these are saying that they'd rather trade 14% of their future hope that this company does something amazing eventually, all for about the price of a two-person cruise out of Southampton, how can outside investors be expected to hang on just a little bit longer?

1.13 pence. I was reading the Donald Duck, (Yes, I have a good smoother, I get it for free on my IPad because my girl is reading some women's magazines.) and there was a story this week of Scrooge who had hired the Beagle Boys as security for his money Warehouse. They worn security uniforms and their masks. Why was I thinking so much about Jimmy?
1,000,000 shares, that is a lot of money to lose. like I said before, I don't care about Jimmy. I don't give a damm about his trollomedia/pedia with it's lying trolls. (Sanger was right with his trolls who had taken over Wikipedia.) But I do care about the people who lost this amount of money. They thought they were doing something good for the humanity, and look what happend!

[thekohser]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

And this Monday morning, a lot of over 147,000 shares sold at 1.15 pence.

Spoke too soon. A later trade this morning took place at 1.10 pence.

There was a trade just completed for 1.051.

[Randy from Boise]

Another new low in trade price set today, at 1.75 pence. (A lot of 49,500 shares)

We have a new low again this morning, at 1.60 pence.

Wow, what a Friday. Just two days later, we have new lows being sunk to...

1.25 pence... a million shares.

And this Monday morning, a lot of over 147,000 shares sold at 1.15 pence.

Spoke too soon. A later trade this morning took place at 1.10 pence.

There was a trade just completed for 1.051.

Nooooooo. Noooooooo. I can't come this close to winning the bet and then lose in November...

RfB