re: Ann: MNF launches Naked ADSL2 service at ...
The MNF/Symbio issue will have to be sorted if they want to attract the bigger investors. There is a lack of transparency and a serious conflict of interest when it comes to negotiating contracts. Is Symbio "financially crippled" like the others? If Symbio is profitable MNF should take them over through a share offer. There in a good position to do this with only 52 million shares on issue. MNF need Symbio's assets as well as the increase in margin. Looking at Symbio's website, it appears they are looking at fairly aggresive expansion into southeast asia. Perhaps Symbio could become a MNF subsidiary to maintain some independence.
MNF Price at posting:
9.0¢ Sentiment: None Disclosure: Held