MNF 1.21% $5.73 mnf group limited

q4 positive cash. as good as a warnie wrong un, page-4

  1. 472 Posts.

    Cicatriss, interesting observation about ATA related costs in that debt to Symbio.

    I would have expected MyNetFone to purchase the ATA's directly from the suppliers such as Mitron Pty Ltd (Mitron MV1), a company that Michael Bourne (MNF Non-Executive Director) owns.

    However I see cost of sales for the year was $4,796,917 and "Purchases from related parties (Symbio)" was $5,390,305. I don't want to be negative, but maybe you are right. Symbio supplies the equipment(ATA's) to MyNetFone. Wonder what the markup is? Even worse, I wonder if Symbio is getting a good price from Mitron?

    I don't think I'll look too much closer :)




 
watchlist Created with Sketch. Add MNF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.