 IanR
join:2001-03-22 Madison, NJ
3 edits | I will just take a guess
That P8 might well have agreed to some kind of success fee arrangement with the SR Liquidator (I repeat this is a guess) for each account which moves across. There's nothing wrong with this, it makes economic sense to all parties. And offers SR customers an opportunity they can go along with, or not. At the end of the day the unlucky SR customers are free to go wherever they want. I've used P8 for 3 years and have no complaints.
Bear in mind that P8 has moved away from spending ALL their their marketing dollars aiming at individual users and has targeted also offering a range of small business services. They moved from being the least expensive provider at the same time. They are a public company (EGHT) and told the "street", in their last quarters report, that they had their first cash flow positive month. We await their most recent Quarterly results in a few weeks. This kind of mature business approach might be right in the VOIP business. Or you could move to a VOIP provider with no clear pathway to cash flow positive and ultimately final profitability, because they low ball their fees, just as SR did. I even own a small number of EGHT's shares.
As I say SR customers who want to continue to have a VOIP service have a choice. |