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ClearWire Complaints - Clearwire deceiving investors

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ClearWire

Posted: 2007-04-22 by Bob Jones  [send email]
Clearwire deceiving investors
Complaint Rating:  71 % with 7 votes
Although the complaint board typically holds complaints about speedyness of service, or unfair billing practices, my complaint is that CLEARWIRE, Corp has deceived their investors, people that took their hard earned money and bought stock in Clearwire based on past performances of Craig McCaw (the founder)

Clearwire is point blank lying to investors like myself about subscriber growth and churn (that's when they loose a customer) they are hiding their churn in a category called "Pullback" that they don't need to report to Wall Street so people buy more shares of Clearwire stock based on inflated numbers. I would consider this to be fraud, wouldn't you? On Friday clearwire reported 52,000 new subscribers on a churn percentage of 1.6 after reviewing the numbers myself their actual churn percentage is 5.84%

Hopefully someone will stop them from all the lies, be honest with yourselves Clearwire is not as far along in the development process as they'd like now are ya.
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