Sorry did i forgot to mention Engin is also in a much better...

Sorry did i forgot to mention Engin is also in a much better cash position than MNF.

History has shown that if Engin has cash then Engin spends it. MNF has maintained a cash balance of about $800,000 for about 1 year now and has grown 100% PA.

MNF is on track to be the first ever profitable VOIP company in Australia with projected revenues of $10M+ in FY09. Estimated debt (to associated company Symbio) of $1.6M (was taken as a loss in FY08). Has been cashflow positive since Jun 08. This in just under 3 years and with only 53M shares available. $1.9M loss FY08.

Compare to Engin, never made a profit even with $19M revenue FY08, 8 years trading and around 570M shares available, around $6M of debt at 30 Jun 08 and $4.3M cash at Nov 08 (was about $6M cash at 30 Jun 08). I do not believe Engin has ever been cashflow positive in recent years. $12M loss FY08. Has Seven as a predatory majority shareholder in the box seat to force a cap raising and move towards compulsary aquisition at around present SP.

There simply is no comparison. Engin loses money, MNF makes money.