Balance - How much did Pacific Fibre "burn" through before they folded? (I note PEB hasn't yet folded).
RGR367 - You've missed the context of my comparison between PEB and XRO. (Hint - it wasn't their financial "performance").
Sideshow Bob - I am truly surprised you were the first poster in respect to my spelling error. I thought it may have been someone else.
A little further digging reveals...
https://www.interest.co.nz/business/...t-espionage-it
I think this story sums it all up quite well.
- With all the heavyweights involved in Pacific Fibre, you would think they would have done (even a basic) a business plan before start-up?
- If they didn't want to bother personally, you would think they would have consulted with a major firm to do it (maybe they did)?
- Given the money involved, as part of that initial planning, you would think they would have discussed the possible "risks" (ie - the US!!) to the project?
- Notwithstanding the above and, in any event, you would think the big start-up "smart money" would have done their due diligence before handing over dosh?
- The fact is, in typical style, the US can (& do) veto any overseas initiative they don't like. They stopped this firm in its tracks without recompense!
Happily - PEB are still operating in the US and must be getting very close to kicking that last (US required) goal. You would have to bet on PEB kicking it - given they have been allowed to kick the first two. And when they do - it should be clover time. And I am sure you would agree with me Balance ... why else would you be wasting your valuable time monitoring this thread.
I concede they may go broke if they can't stay solvent in the meantime - but, as Jacinda & the Govt would say ... "I don't comment on hypotheticals".
Lastly, I think it is a sign of weakness to come on a public forum and consistently write disparaging comments about Company Directors & Management who can't defent themselves without at least having the courage to both identify yourself and provide your credentials at the same time.
If you are so serious about your opinions against these people, why don't you have the courage of your convictions and report them to the FMA? That would be operating in the best interests of those followers you purport to influence on here. I've never understood why people would act on the financial opinions of those that operate anonymously.