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 :)
MNF Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
