MNF is not a churned stock, someone needed the money, simple, they are out. 10,000 MNF shares were traded @ around 10c = $1000, that is the only trade today. Have a look at FRE they are just $480 away from 6c!
As if anyone is paying attention to small stocks like these today, sheesh.
Just ignore. The company is sound, wait for the Q1 FY09 Financials, you will see they are well on track. I have spoken with them and they assure me that the growth, cashflow & debt management are all on track with forecasts and I believe them.
As we come out of these troubled times investors will have a clear agenda, invest in companies with proven cashflow that operate in profit. MNF will meet this critera in FY09, no-one can reasonably disagree with that.
MNF is not a churned stock, someone needed the money, simple,...
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