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MaynardKrebs
Heave Steve, for the good of the country
Premium
join:2009-06-17
kudos:4

1 recommendation

reply to jfmezei

Re: Bell Canada's financials and UBB

What *is* galling about this is that Bell and all its officers have a legal responsibility to provide accurate information to the investing public (via the analysts) during these conference calls. There are financial and possible criminal sanctions for not doing so.

Yet these same cretins can stand before the CRTC and spout falsehood after falsehood without repercussions, or if there are possible repercussions that they are never enforced.

It's high time for all testimony before the CRTC to be sworn under oath, with severe penalties for false/misleading statements.

1) Corporate Death Penalty - ignore a CRTC ruling once, get fined $1mm/DAY; ignore the same or another ruling twice, get fined $10MM/DAY retroactive to the date of the first ruling; ignore a new or the same ruling a third time, the corporation's charter is cancelled and corporation is placed in receivership - shareholder's equity wiped out, corporation executives & directors placed on trial for contempt with all penalties payable personally.

2) Powers of Investigation to be added to IC/CRTC mandate - includes audit teams capable of surprise technical inspections, power to demand technical information on-the-spot, power to remove equipment/records for study. penalties for failure to comply are same as 1) above.



GNca George
GorillaNET Wireless Broadband
Premium,VIP
join:2008-07-12
Minden, ON

I've been complaining about that for a while too. The equivalent of Sarbanes–Oxley applied through the CRTC would work fine.

Geo



El Quintron
Resident Mouth Breather
Premium
join:2008-04-28
Etobicoke, ON
kudos:4
Reviews:
·TekSavvy Cable
·TekSavvy DSL

said by GNca George:

I've been complaining about that for a while too. The equivalent of Sarbanes-Oxley applied through the CRTC would work fine.

Geo

Sarbanes-Oxley has been excellent for the financial industry (as much as they like to state otherwise) it forced accountability at all levels.
--
The trouble with nude dancing is that not everything stops when the music does.

MaynardKrebs
Heave Steve, for the good of the country
Premium
join:2009-06-17
kudos:4

1 recommendation

It's also Shaw being candid with investors and liars to the CRTC.

»www.shaw.ca/uploadedFiles/Corpor···inal.pdf

Slide #5 (numbers at lower left)
In the future, we believe our usage based billing plan will enable the further monetization of our Internet business as data usage becomes more prevalent and common amongst our customer base (ie. streaming of video)

Slide 19
Over-the-top applications (i.e. Global TV website, Hulu etc.) relating to the viewing of traditional broadcasting will become more common in the future and management of content will help mitigate this risk to our core business

Let's be clear in all this:
Monetizing / monetization are code words for "profit centre", and not "cost recovery" or "behaviour modification".



quantumfluxx3

join:2009-01-11
reply to MaynardKrebs

said by MaynardKrebs:

What *is* galling about this is that Bell and all its officers have a legal responsibility to provide accurate information to the investing public (via the analysts) during these conference calls. There are financial and possible criminal sanctions for not doing so.

Yet these same cretins can stand before the CRTC and spout falsehood after falsehood without repercussions, or if there are possible repercussions that they are never enforced.

It's high time for all testimony before the CRTC to be sworn under oath, with severe penalties for false/misleading statements.

1) Corporate Death Penalty - ignore a CRTC ruling once, get fined $1mm/DAY; ignore the same or another ruling twice, get fined $10MM/DAY retroactive to the date of the first ruling; ignore a new or the same ruling a third time, the corporation's charter is cancelled and corporation is placed in receivership - shareholder's equity wiped out, corporation executives & directors placed on trial for contempt with all penalties payable personally.

2) Powers of Investigation to be added to IC/CRTC mandate - includes audit teams capable of surprise technical inspections, power to demand technical information on-the-spot, power to remove equipment/records for study. penalties for failure to comply are same as 1) above.

Agreed. The problem with the CRTC right now, is it's basically a GIGO system. If the Bell's and the Shaw's are able to tell them whatever lies they want to make things happen, then it only makes sense that the CRTC spits out the wrong rulings. Once in a while they do get things right, like the recent change making switching ISP's as easy as switching telephone providers. The problem is the calculator that is the CRTC is constantly getting told the wrong equations to the problems, and so they spit out an answer that makes sense to the problem they are presented with.

Legal accountability and documented statements based in truth are what needs to happen.


El Quintron
Resident Mouth Breather
Premium
join:2008-04-28
Etobicoke, ON
kudos:4
Reviews:
·TekSavvy Cable
·TekSavvy DSL

1 recommendation

reply to MaynardKrebs

said by MaynardKrebs:

Let's be clear in all this:
Monetizing / monetization are code words for "profit centre", and not "cost recovery" or "behaviour modification".

This would be fine within the right price range but at these prices it's meant to recoup lost cable subs and then some.
--
The trouble with nude dancing is that not everything stops when the music does.

Vomio

join:2008-04-01

"And then some" must include the failed buy-out, the spending freeze while awaiting the buy-out and the re-inflation of the apparent stock value.



Davesnothere
No-BHELL-ity DOES have its Advantages
Premium
join:2009-06-15
START Today!
kudos:7

1 edit
reply to MaynardKrebs

said by MaynardKrebs:

....It's high time for all testimony before the CRTC to be sworn under oath, with severe penalties for false/misleading statements.

1) Corporate Death Penalty - ignore a CRTC ruling once, get fined $1mm/DAY; ignore the same or another ruling twice, get fined $10MM/DAY retroactive to the date of the first ruling; ignore a new or the same ruling a third time, the corporation's charter is cancelled and corporation is placed in receivership - shareholder's equity wiped out, corporation executives & directors placed on trial for contempt with all penalties payable personally.

2) Powers of Investigation to be added to IC/CRTC mandate - includes audit teams capable of surprise technical inspections, power to demand technical information on-the-spot, power to remove equipment/records for study. penalties for failure to comply are same as 1) above.

.
WHAT ?

And abolish the COMFY CHAIR ?!

--
I Left BHell ONCE Already - Now they want my Indie ISP to Pick my Pockets FOR them !


Davesnothere
No-BHELL-ity DOES have its Advantages
Premium
join:2009-06-15
START Today!
kudos:7

1 edit
reply to MaynardKrebs

said by MaynardKrebs:

It's also Shaw being candid with investors and liars to the CRTC.

»www.shaw.ca/uploadedFiles/Corpor···inal.pdf

Slide #5 (numbers at lower left)
In the future, we believe our usage based billing plan will enable the further monetization of our Internet business as data usage becomes more prevalent and common amongst our customer base (ie. streaming of video)

Slide 19
Over-the-top applications (i.e. Global TV website, Hulu etc.) relating to the viewing of traditional broadcasting will become more common in the future and management of content will help mitigate this risk to our core business

Let's be clear in all this:
Monetizing / monetization are code words for "profit centre", and not "cost recovery" or "behaviour modification".

.
Good Find !

--
I Left BHell ONCE Already - Now they want my Indie ISP to Pick my Pockets FOR them !

imaddicted2u

join:2008-03-20

A little off topic, well maybe not. Not about financials but some quotes from some transcripts.
»www.facebook.com/openmedia.ca/po···09871250


imaddicted2u

join:2008-03-20

Telecom Notice of Consultation CRTC 2009-261-7
Notice of hearing 31 May 2010

MR. BIBIC:
7900 ..We appealed to Cabinet on the basis that wholesale speed matching rules would affect investment. Clearly Cabinet agreed, otherwise they would have rejected the petition, just as they rejected MTS' petition on the same day seeking to stop ethernet forbearance and seeking more unbundling.

7901 .. I appreciate that you are struggling with the potential impacts of the absence of forced access on ISPs. It is a difficult issue. But your role, respectfully, is not to protect them, and you acknowledge that in paragraph 39 of your essential facilities decision to which TELUS made reference this morning.See More

7902 ..There is ample retail competition. ISPs have options.

7903 ..Cabinet did not ask this Commission to reconsider its own speed matching rule in order to get the same decision back, or worse, a decision with yet more unbundling.

7904 Thank you.


imaddicted2u

join:2008-03-20

This shoulb be on top of my previous post.
ý6.In referring the decisions back to the Commission for reconsideration, the Governor in Council stated that she considers it material to this reconsideration for the Commission to consider whether
(a) the speed matching requirements unduly diminish the incentives to invest in new network infrastructure in general and, in particular, in markets of different sizes;
(b) in the absence of the speed matching requirements there would be sufficient competition to protect the interests of users;
(c) the respective wholesale obligations imposed on incumbent telephone and cable companies are equitable or represent a competitive disadvantage; and
(d) the impact of these wholesale requirements unduly impairs the ability of incumbent telephone companies to offer new converged services, such as Internet Protocol television (IPTV).


imaddicted2u

join:2008-03-20

Seems the long term plan is to drive out wholesale isp's so that Bell can sell the indie isp's customers IPTV.


imaddicted2u

join:2008-03-20

»www.ic.gc.ca/eic/site/smt-gst.ns···/sf09316


nauru

join:2011-02-02

Link is broken....