Wi-Failed : The Money's Ran Out - Official

That's pretty much it really.

After many weeks of promises of "an announcement soon", the straw that broke the camel's back appears to be a combination of Geoff Reid's words on Talk Swindon and (suspected) decision on the running of a story with-or-without comment by the Swindon Advertiser. They did comment.

Swindon Centric Says ; There's no money left, new investors are sought for what Councillor Perkins (who's coming across more and more like the Walker character from Dad's Army) still insists on calling "innovative" (it's not, it's wireless internet, it's been around since 1999).

Two questions now need to be asked :

What's our money been spent on?

and

Is the fundamental part of the council's checks and balances, the scrutiny process (that decided this investment was sound) unfit for purpose?

plus

How rotten are Swindon Borough Council's processes if this has been allowed to happen?

and one more for luck

Will the Swindon Borough Council councillors who openly criticised Chris Watts, Des Morgan and Councillor Steve Wakefield now apologise as this admission now vindicates their concerns?

The business idea itself was just bad, plain and simple. It was a bad investment idea.