The People's Smooth Operator

[Poetlister]

Wow, it's been six months since I called for a reverse split and Poetlister declared that the end was nigh. After six months stuck on the floor of the trading floor, this dawg has apparently resurrected itself. It must have nine lives. Sorry, no, can't lock this thread yet. There's life again in the dawg pound!

As Jimbo is no longer Chairman or even a director, this topic is now at best tangential to the interests of this site.

[Dysklyver]

I don't understand why regulators don't step in to put this dog down... Instead, yet another round of heisting cash from ignorant speculators is in the offing...

RfB

The London financial markets are not heavily regulated, there are no grounds for intervention by regulatory bodies, insofar that no rules are being broken.

[Poetlister]

Of declining interest, given Jimbo's lack of involvement, but:

The People's Operator plc

("TPO", the "Company" or the "Group")

Opening and Adjournment of General Meeting

The People's Operator (AIM: TPOP), the cause-based commercial mobile virtual network operator, announces that the General Meeting announced in the Circular of 4 December 2018 and scheduled for 11am today was opened and immediately adjourned until a date not later than 31 December 2018.

A further announcement will be made in due course.

For further details, please contact:

The People's Operator plc

Nick Dashwood Brown, Head of Investor Relations

Money AM

[Poetlister]

The mess deepens. It looks like their white knight has run off.

Following the resignation of finnCap Ltd as Nominated Adviser and Broker to the Company on 19 December, the Company has been undertaking an urgent review of its position as a listed entity. It has concluded that there is no prospect of appointing a new Nominated Adviser before the end of the year. Trading in the Company's shares on AIM will therefore be cancelled at 7.00 a.m. on 3 January 2019.

Investegate.co.uk

[Vigilant]

The mess deepens. It looks like their white knight has run off.

Following the resignation of finnCap Ltd as Nominated Adviser and Broker to the Company on 19 December, the Company has been undertaking an urgent review of its position as a listed entity. It has concluded that there is no prospect of appointing a new Nominated Adviser before the end of the year. Trading in the Company's shares on AIM will therefore be cancelled at 7.00 a.m. on 3 January 2019.

Investegate.co.uk

Are they being thoughtful in their review?

[Dysklyver]

They missed the opportunity to reinvigorate the company with blockchain. So sad.

[Randy from Boise]

The mess deepens. It looks like their white knight has run off.

Following the resignation of finnCap Ltd as Nominated Adviser and Broker to the Company on 19 December, the Company has been undertaking an urgent review of its position as a listed entity. It has concluded that there is no prospect of appointing a new Nominated Adviser before the end of the year. Trading in the Company's shares on AIM will therefore be cancelled at 7.00 a.m. on 3 January 2019.

Investegate.co.uk

Are they being thoughtful in their review?

Which means that I would have barely won a proposition bet with a famous foe of said enterprise, had I made one. Odds weren't right this year.

RfB

[Poetlister]

No doubt the company will carry on trading, but it's on very thin ice. Listen out for the screams when the ice gives way.

[Zoloft]

'Ethical' mobile firm on brink of collapse - Sunday Times

If you're behind the paywall:

[sm]Sunday Times.jpg[/sm]

[Vigilant]

Another Jimmy Wales triumph!

On deck, WikiTribune!

[Dysklyver]

Wikipedia founder Jimmy Wales, director of strategy.

Going bankrupt is an interesting strategy.

[Vigilant]

Wikipedia founder Jimmy Wales, director of strategy.

Going bankrupt is an interesting strategy.

Jimbo and teh Donald share more than a few traits.

[Poetlister]

Jimbo and teh Donald share more than a few traits.

I look forward to Jimbo running for political office. He should get a lot of favourable coverage on Wikitribune and maybe even Wikinews.

[Vigilant]

Jimbo and teh Donald share more than a few traits.

I look forward to Jimbo running for political office. He should get a lot of favourable coverage on Wikitribune and maybe even Wikinews.

He was trying to worm his way in.

It didn't go very well...

He's radioactive now.

[Poetlister]

TPO Mobile has entered Administration and will cease trading from 26th February 2019. After this date the mobile service will cease and you will no longer be able to make calls or texts or use the internet.
All customers should receive an email or a letter with full details – if you’ve not received anything by Monday 18th February please contact our Webchat team who can help you.

TPO

"And that, said John, is that."

[Zoloft]

The People's Operator Shuts Down

*sad trombone sound fades off into depleted fart noise*

The pull quote:

The People’s Operator (TPO), the charitable Mobile Virtual Network Operator (MVNO) backed by Wikipedia founder Jimmy Wales, is closing down after seven years.

[Vigilant]

Another thrilling example of Jimbo's Internet Entrepreneurial expertise!

WikiTribune, you're next!

[Dysklyver]

It sure took a loooooong time for it to finally close.

[Auggie]

Jimmy should have known this kind of thing is beneath him. Encyclopedia founders are great leaders who trade in education and enlightenment, not Better Call Saul cell phone hucksters.

[Poetlister]

It sure took a loooooong time for it to finally close.

To be fair to Jimbo, it wasn't doing that well when he took it over and it survived his departure for a while, partly because the widow of the founder put in a lot of money.

[Vigilant]

What value did Jimbo provide to shareholders in exchange for his equity stake and remuneration?

[Dysklyver]

What value did Jimbo provide to shareholders in exchange for his equity stake and remuneration?

0

[Vigilant]

What value did Jimbo provide to shareholders in exchange for his equity stake and remuneration?

0

I'm calling that too high a number.

King Jimbo of the Mierdas touch.

[Poetlister]

What value did Jimbo provide to shareholders in exchange for his equity stake and remuneration?

No doubt Jimbo's supporters would claim that he raised the profile of the company (which is probably true), and maybe even lulled many investors into thinking that it was more stable than was actually the case. Whether that was worth hundreds of thousands of pounds to anyone is hard to say.

[thekohser]

Is Money Observer a reliable source? Surely the Wikipedia article about The People's Operator should include this insight?

JP Morgan’s Georgina Brittain: Brexit risk will lead to volatility and bargains

Worst investment and lesson learned: The People’s Operator – a small-cap ethical mobile operator, where Jimmy Wales, the founder of Wikipedia, was chairman. It totally failed to live up to the hype. We exited well before it went into administration. I learnt never to back a story in small caps, only follow the numbers.

[Poetlister]

News about Juliet Rosenfeld, widow of the founder.

Juliet Rosenfeld, whose late husband Andrew was one of Labour’s most generous donors under Ed Miliband’s leadership, said she had rejoined the party to vote in the leadership contest. “I voted for Keir and am delighted he has won,” she said. “He is someone ‘without a side’. I trust him completely on the issues that matter, and I will, and have, encouraged others to come back to Labour.”

Guardian

Of course the poor lady lost a lot of money sustaining the company under Jimbo's leadership, so she probably can't be as generous as her husband was.

[thekohser]

Well, look who must have been called upon to do another favor for his old pal!

Sanitize, sanitize, sanitize that legacy, until the people think The People's Operator was a smashing success. Oh, and we can make it look like it's part of the "Daily Mail" scuffle that Wikipedia has had with that organization -- even its award-winning business publication.

[Poetlister]

Well, look who must have been called upon to do another favor for his old pal!

Sanitize, sanitize, sanitize that legacy, until the people think The People's Operator was a smashing success. Oh, and we can make it look like it's part of the "Daily Mail" scuffle that Wikipedia has had with that organization -- even its award-winning business publication.

That is precisely why Wikipedia can never be regarded as a reliable source. Can the same information be obtained from the Financial Times or some source not yet rejected by the "community" and re-inserted?

[thekohser]

Why Do MVNOs Fail?

Former TPO US Vice President of Operations, Doug Sadowski, recently told me that the main reason for TPO pulling the plug in the US was “hemorrhaging of money in this market.” Sadowski continued, “while TPO was successful in the UK, they needed to build an organization in the US that knew the mobile market. They tried to run it remotely and of course that didn’t work. The need to put resources into the US with regards to things as simple as our website weren’t happening and it greatly affected our customer’s experience. For example, subscribers were not able to pay their bills on-line. They couldn’t activate their SIM cards on-line. This led to over 60% of our base calling our care organization every month where the standard is in the sub 2% range.”

At its high point, TPO had nine (9) US employees with everything else being handled (or in this case, NOT being handled) from the United Kingdom. Without a doubt, a recipe for disaster.

[Poetlister]

Why Do MVNOs Fail?

Former TPO US Vice President of Operations, Doug Sadowski, recently told me that the main reason for TPO pulling the plug in the US was “hemorrhaging of money in this market.” Sadowski continued, “while TPO was successful in the UK, they needed to build an organization in the US that knew the mobile market. They tried to run it remotely and of course that didn’t work. The need to put resources into the US with regards to things as simple as our website weren’t happening and it greatly affected our customer’s experience. For example, subscribers were not able to pay their bills on-line. They couldn’t activate their SIM cards on-line. This led to over 60% of our base calling our care organization every month where the standard is in the sub 2% range.”

At its high point, TPO had nine (9) US employees with everything else being handled (or in this case, NOT being handled) from the United Kingdom. Without a doubt, a recipe for disaster.

“while TPO was successful in the UK”

[Vigilant]

A challenger arises!