Eng and MNF shareprice are down 100% "but" there's a big difference Engin was restructuring and rollout BB, so everyone was expecting a profit loss, with growth of only 1.6%. On the other hand MNF was boasting about a profit and the frist VOiP company to do so and 100% growth but shareprice still lost 100% in 6 months. The true fact is Companys that are reporting good finance are holding well. I read your post as saying to MNF shareholders, put your MNF shares away in the bottom draw. LOL Thats what people do with a basket case stock thats fallen so much it hard to sell.
VoIP service provider Engin (ASX: ENG) says its 64,000 subscribers at 31 December "reinforce its position as the leading VoIP provider in Australia" Even the board of Engin can see and understands the smoke and mirrors MNF used to report it's profit and the 100% growth. Nobodys buying it and the market is sure "not" buying it. I await standup P.R reply
MNF Price at posting:
8.0¢ Sentiment: Sell Disclosure: Not Held
