Cicatriss,"2. Losses are reducing Q1: -4.2 Q2: -4.2 Q3: -2.7 Q4:...

Cicatriss,

"2. Losses are reducing Q1: -4.2 Q2: -4.2 Q3: -2.7 Q4: -1.0"

A loss is a loss is a loss, anyway you spin it. You say that the decreasing loss numbers are a sign of better times to come. Seems a reasonable assumption but ENG has had so many losing QTRs over the last 2 years that it seriously needs a few profitable QTR's under it's belt first before that conclusion is drawn.

My reading of the ENG releases also showed they came out of a major billing and network upgrading, which was a material part of this loss, as well as a marketing push that did not bring the growth they expected.

Not aware of any network upgrades, what are the details? Wouldn't they want to tell their shareholders? Agree with you regarding the failed marketing push, more wasted money $3.5M according to the report for a paltry 8.6% increase in active subscribers. $12M on staff costs, sheesh, you can see why I zoned in on employee numbers realted to their massive $12M FY08 loss.

Further - when comparing the headcounts - don't forget that MNF have outsourced to Symbio (MNF director related company) which looks after the network backend. ENG also sell in mass retail channels - therefore there would be people to manage those channels too.

A wise choice to outsource to Symbio, MNF costs would then be scaled to their customer numbers & bandwith requirements. ENG selling in mass retail channels has apparently had little or no impact on their growth, perhaps they should stop selling in mass channels and save the money on headcount. I have no idea what the 88 staff do over there at ENG. Perhaps they could explain/justify this to shareholders.

Do you have the belief that by blatantly trashing other companies you'll get an increase in the MNF SP? Doesn't work that way Champ......

Not at all, just pointing out the facts and participating in a educational discussion here on HC. I doubt that the numbers here on HC would have any influence in any of the SP of these companies.

Stick to the facts and don't selectively pull numbers out of context to support your rants!

Points are made by you and I by selectively pulling numbers to demonstrate a point. How is pointing out the ENG $12M loss in FY08 out of context? I point it out because this is a shameful result and a complete waste of shareholder funds and assets.

The apparent focus on ENG by me is in direct reponse to the direct attack on MNF as initiated by our good friend Phishi.