How to take a company with 200 million turn over ? Buy for that amount and in 4 years lose it. Why would anyone have an account with these clowns. Value for money they are a big fat zero. http://au.finance.yahoo.com/news/vodafone-ditch-crazy-johns-brand-221028069.html Just got rid of our Telstra business mobile plan and went onto personal and saved $1200 a year. Next move is to reduce our voip phone system annual charge by $3000. Thats another 2.4 ounces of bullion in the super fund Kind Regards non recourse
Crazy John (the man that started the business...and died just a few years ago from smoking related cancer) told "60 minutes" how his fanchisee's were being threatened & intimidated by "the large telecomunications firms" which ranged from spurious court cases to having their shop windows repeatedly smashed. The business model was based on razor thin margins and' tough as buggery' management. Once John departed the hand at the tiller was gone and all they were left with was razor thin margins. From there the business was a losing enterprise. As Peter Schiff once said; "They lose on every sale, but think they can make it up on volume"!
His widow cashed a $150 million cheque for the business a year or so after Crazy John died. I guess if Vodafail were just trying to buy market share for cash then the purchases probably served it's purpose.
One of the first things that vodaphone did was to close crazy John's training centre that focused on extreme customer service. When you look at the actions of the vodaphone management and the melt down that occurred in their network in 2010 and 2011 they are in free fall. http://www.vodafail.com/ Kind Regards non recourse
