Top 10 viewed files on WikiFranchise.org

Top 10 story views for August 2010:

  1. Franchisee Seeks Rescission for Alleged Bad Faith and Negligent Misrepresentation, 1,255 views, February 2009
  2. Hells Angels bricklayer plot busted, 634 views, November 2009
  3. Seniors beat up financial adviser with Zimmer frame, 387 views, December 2009
  4. Embattled eyeglasses empire grinds on, 373 views,  July 2008
  5. Mister Freeze, 226 views, February 2002
  6. Ice cream dream becomes nightmare,  225 views, August 2010
  7. Millions are at stake in Pizza Pizza dispute, 119 views, September 1993
  8. Flamboyant ex-convict at centre of pizza battle, 117 views, May 1993
  9. Bulk Barn saddled with class action, 105 views, August 1999
  10. Freshii ideas, 89 views, May 2010

Check out how old these files are.

I wonder if the Toronto Star or Kevin Donovan (#7 & #8) knew people would still be reading about their ground-breaking franchise work 17 years from the published date?

Assigning an accurate reputation to an industry is a prerequisite for any sustainable relationship.

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2 Responses to Top 10 viewed files on WikiFranchise.org

  1. Carol Cross says:

    I missed the first article on the Tim Horton’s franchisee request for a rescission for fraudulent inducement and negligent misrepresentation.

    How can innocent prospective franchisees possibly understand the extrinsic or constructive fraud of public policy upheld by the courts that permits the seller to withhold negative material facts about the performance of the franchise in the sales process? It is the personal guarantees of the UNINFORMED prospective franchisees that hold up the franchise pyramid.

    Won’t this lack of transparency as to unit performance of systems ultimately negatively impact those who invest in the securities of the franchise systems?Or, will churning and turning and pumping and dumping be ignored by the regulators until some really big franchise system bites the dust and can’t be reorganized in bankruptcy?

    The Corporate raiders are still at work as we see in the acquisition of Burger King and its debt by a private equity firm. Securitisation is alive and well, we see!

    Like

  2. Carol Cross says:

    The valuation and the securitisation of “intangibles” such as “good will” and “intelectual property” that are owned by the brand names in franchising is underlain and suppported only by the personal guarantees of the individual franchisees in the systems whose assets and contractual promises comprise the franchise systems and their gross sales.

    Are whole business securitisations of franchise systems inherently more risky for franchisees and investors in the securities of the franchise systems because franchisors don’t have to disclose the risk of the purchase of a franchise to new buyers of the franchise or to investors in the securities of the franchise systems in terms of disclosure of UNIT performance within the system?

    While bankruptcy laws and accounting rules appear to protect the investors at the expense of the franchisees to accommodate securitisations, examples of failure like Brooke Insurance Franchise demonstrate the dangers to all involved in the manipulation of the credit markets through unrealistic credit ratings and lack of transparency of unit performance,

    I keep hoping that Blue Mau Mau will start a conversation and that Business Week will pick up on it and that Franchise Fool and WikidFranchise will spread this conversation throughout the world. Some good comments were made and then the conversation died concerning the acquisition of Burger King by a private equity firm.

    “Silence is golden” for whom??

    http:thegreatfranchisingrobbery.blogspot.com

    Like

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