Re: Argogroup being wound up

In article <4f7301908crichtnews@xxxxxxxxxx>,
Richard Travers <richtnews@xxxxxxxxxx> wrote:
In article <4f7222b967adopt@xxxxxxxxxxxxxxx>,
Bill (Adopt) <adopt@xxxxxxxxxxxxxxx> wrote:
In article <4f71fad79einvalid-email-address@xxxxxxxxxxxxxxxxxxxx>,
Paul Vigay <invalid-email-address@xxxxxxxxxxxxxxxxxxxx> wrote:
In a dim and distant universe <4f71f61e41charles@xxxxxxxxxxxxxxxxxxxxxxx>,
charles <charles@xxxxxxxxxxxxxxxxxxxxxxx> enlightened us thusly:
It stopped being free when the ISP side vanished. ISTR about 3 years
ago.

As a gesture of goodwill, I did offer at the time, to continue the free
dialup access to any Argonet shareholders who wanted to switch across to
Orpheus.

and yes, so far as I can see (also related in
argonet.acorn.misc to minor part), the final
accounting might be:

+ around 10 years at 14.95gbp per month is: 1794.00
+ around 3 years offered by Paul could be: 528.20

No. Your figures are considerably inflated.

Before shares I always paid at the annual rate - considerably less than the
monthly rate. At most gbp120 per year.

No. My figures are correct as they applied at the
time to me. Your financial arrangements would have
been yours at the time ..I was not appraised of them,
Molly and Gabi not releasing your detail - nor anyone
elses - into the 'public domain'.

Shares were purchased Oct 96, Argonet ended June 2005, so period of free
access equalled eight years 8months. So value of perk was at most gbp1040

What Paul offered was internet access, _not_ email addresses, web site
hosting etc. Most of us need at least email. Paul only charged gbp99 for a
year's full service , and would hardy charge anywhere near that for access
only. I am not knocking Paul's gesture, here, just pointing out that it
wasn't what you seem to have assumed it to be.

OK ..but it is still a benefit that you were able to
make use of, should you have ever wished. I can't
answer for the value that you might apply to such
benefit ..as I made quite clear..

...but thank you for listing the benefit that you did
feel you received. (You forgot to subtract the compound
tax paid interest that you might have received had you
invested elsewhere).

As for Paul and partiularly my 'figures' generally, my
broad brush might not stand quite to your bean-counting
experience - and were never, ever, meant to be a final
and full accounting, merely pointing out that the loss
is tempered somewhat by the benefits, added value and
intangibles received.

I'd be quite happy if you were to present your figures,
as they apply to yourself. It is of interest, if only
to nerds like me... ;))

I think, given the early approbation, negative comments
and the depressive statements from many, including some
high profile and influential doomsayers, it would appear
that Argo Group have at least survived long enough to
manage a return of something in a more positive to it's
investors...

In financial terms it is nothing of the sort.

Well ..I think my comment is making another point
altogether, as well you know.

Had the firm collapsed in it's first few months, as
it might well have done and as some certainly wished
that it would, we would have all been left with a
headache and some with an immediate, disastrous, loss.

We all did our bit to make sure that the firm did not
collapse, but kept plugging on. Many members such as
myself who, having no readies to invest, instead paid
a much higher, even inflated, monthly sub. We also
did our bit over the years, as well, as my 'figures'
clearly demonstrate.

We could have gone elsewhere, but we remained loyal,
for the most part. Some of us even undertook unpaid
jobs and other added value services to enhance the
experience of all customers - as I briefly outlined.

My comment in strict financial terms perhaps not
...but in a business sense most certainly applies.
The difference perhaps between a Chairman (or MD)
and the Accountant...

As you well appreciate, business does not just grow on
bean counting, but also on intangibles such as "Customer
Confidence", "Perception of Performance", as others of
the black arts ..including RISCy happenings in another
age... ;))

Northern Rock ..destitute ..or failed by a mass hysteria
born of a sudden ill-informed, (or evilly mis-informed),
loss of customer confidence..?


However, as Rosemary pointed out, it was a speculative investment with all
the associated risks.

True! I think we have all already agreed with that.. :))

Bill ZFC

--
Adoption InterLink UK with -=- http://www.billsimpson.com/
Domain Host Orpheus Internet -=- http://www.orpheusinternet.co.uk/
.

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