re: Ann: MNF launches Naked ADSL2 service at ...
Fung is Managing Director and co founder and Sugo is Technical Director and co founder of Symbio. Symbio is paying there salaries and they both no doubt have a vested interest in seeing Symbio grow.
Can we rely on the 2 non-executive directors to get the very best deal for MNF shareholders?
Sorry Standup, there's a conflict of interest.
You say you wouldn't want to see MNF stuck with an inefficient backend to maintain but then go on to say that Symbio is very profitable. Which is it?
The fact is neither you or I have the faintest idea as to how Symbio is going.
If Symbio is profitable, I'm sure it's in no small part due to MNF's business. MNF's shareholders should be rewarded for this, not just Fung and Sugo.
MNF Price at posting:
9.0¢ Sentiment: None Disclosure: Held