Another point reinforcing this is the absence of VOIP number portability, if you have a VOIP DID number now for your home and/or small business you would hardly churn to another VSP/ISP if you were going to lose your phone number.
I run MNF VOIP at 2 business's & 1 home and have published DIDs at each site. If I were to move from MNF it would be costly and inconvenient.
Cash will be King from here on, MNF is in top financial condition, key points are:
Cashflow positive, no need to borrow or cap raise to support OpEx.
Just $2M related party debt to Symbio on extended terms, no other creditors or bank loans to service.
$800K at bank
Recent 2 years of 100% subscriber & revenue growth.
Increasing spend per subscriber (ARPU)
Frequent technical innovation and new VOIP service products being introduced
Naked DSL on the way
MNF has very low overheads & headcount (33)
Management are frugal and excellent administrators
Independant non-executive directors with large shareholdings
MNF offer an alternative telco proposition to the market to save $$$ on phone calls, market ready for this now more than ever.
Again, I look forward to reviewing the upcoming 4C.
MNF Price at posting:
14.0¢ Sentiment: ST Buy Disclosure: Held
