Really poor response Phishi. And only posted to bait me into a moderatable response. But I thank you for your response to allow me the opportunity to continue to soapbox the merits of MNF.
Firstly, if things are going to plan then MNF would have spent the last 6 mnths reducing the initial Symbio outstanding, I don't know but I would expect they have eaten into it by now which would mean around the $1M mark.
No one can continue 100% growth forever, even MNF acknowledge that which is why they set a target or just over $10M in revenue for FY09 vs $6.8M in FY08.
Anyone can ring the directors and employees of MNF and have a chat. This is one of the ways I keep myself up to date. Of course they only state things that they are legally allowed to do so to any shareholder. And no, I am not an employee or director of MNF and nor have I ever been.
I can not answer why the directors are not buying any more shares but with 50% of MNF shares between them, I think they have enough. Anyway, have you have tried to buy a large parcel of MNF? You just can't do it, the shares are simply not available, they are held tightly by smart people like me! LOL!
1005 is a typo, of course it means 100%, why even ask?
Your forecast of 2-3c and your statement that MNF has nothing over other VOIP compnies is based on complete ignorance and you should do better research or stop your blatant baiting. There is a load of evidence to support the health of MNF, simply look at all the recent MNF financials, I know you have read them all as we have discussed the contents of these before.
I will give you another chance to try to convince me and the rest of the market that MNF is a bad investment, please reply with some facts to support your statements. Anything will do.
MNF Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held