whats an mnf share worth and why, page-2

Hi everyone,

Just got back home and have got to say what a pleasure it is to read some informative/debatable and intelligent posting on this sector - including you phishpheet. No doubt there are are very knowledge IT people present.

Keep up the good work.

I pulled the 1.5 million out of mid air and was simply demonstrating the numbers for a company with a greater client base. Why would a larger company making money in an existing business such as DSL spend their own money setting up a VoIP backend/billing etc program when they can pick up a profitable model on market with an existing client base (ie MNF) with an excellent marketable brand name.

Im looking at it purely from a 'vehicle' point of view and I see MNF as a proven and profitable retail vehicle as it stands today.

Example, say I have 1.5million clients on broadband, sitting on a tonne on cash and looking for growth opportunities. VoIP is the next logical step and buying out MNF and marketing that to my existing client base would pull $100-$150million EBITDA PA straight off the blocks and give me one very competitive edge over the telcos.

How much would I pay. Obviously as cheap as possible but if I could generate $80million net profit PA from a vehicle that is currently selling for $8million today, I'd pay anywhere up to $50million tops. Obviously the cheaper the better for me.

Hence I see MNF as a huge takeover target but only when the Symbio/MNF relationship is reviewed and when DSL becomes bundled.

As for the technicals, you guys run rings around me.

Cheers,
The Sparkler