Damn, how did I let you sidetrack me off over to all these bloody issues?!
I say the MNF FY08 results are excellent and maintain that MNF offers the safest investment strategy if you want to invest in rapidly growing VOIP technology.
ENG are the market leader, undisputed and have the highest spend per customer. Agreed. Good to see what a VOIP cutomer base will grow to in sales after a few years, 60,000 MNF customers should grow from present $7.5M to about $15M in a couple of years?
My investment strategy dicates that I invest in stock that will very likely increase based on sound financials and likely short to medium term growth. MNF is on track for this, they don't have the $12M losses and a possible disruption of a change in direction and technical systems coming up like ENG do.
MNF seems to be steaming ahead at full speed with all parts of the machine lubed & working. They are coming off the back of 2 years of sustained 80-100% growth. Seems kind of predictable to me. Like shooting fish in a barrel you might say.
After discussing this issue with you ad nauseum, I will concede that ENG might also be a good bet/investment but do not believe it to be a safe one right now until the fog clears and shareholders know and believe in Sevens intention with ENG shareholders.
If you hold, I would not sell as they probably owe you a lot more but I am wary of buying any at the moment at 3c.
Will Seven let ENG drain of cash again then force another capital raising on the market at 2c, increase their shareholding and move to compulsary aquisition? I don't know and neither do you. Seven will not want shareholders in ENG, that much everyone would know.
I reckon MNF is more predictable financially and as a company.
MNF Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
