Another point of comparison worth considering is that recently Engin announced their customer bas was 68,000 ACTIVE accounts. From the report they state that this amount of customers are generating $19.1M.
We all agree that ENG customers average spend is much higher than MNF 60,000 ACTIVE customers generating $7.5M. ( I checked with MNF recently and their published 60,000 clients are ACTIVE, they do not report on inactive accounts).
Thanks to ENG we can now see that a VOIP client base of around 60,000 will increase in revenue to around $15-17M as it matures.
Consider also that MNF has had almost 100% PA growth rate since it's listing just 2 years ago. Combine this with an increase in awareness of VOIP with a forecast increase take up rate in coming years.
This is almost a guarenteed built in growth rate for MNF, wow! Just realising that got me excited this morning in ways I am unable to explain here.....
By any measure, you must conclude that MNF is clearly the best, safest and most likely to show return/take over activity right now. Buy some MNF, with the returns/SP growth you should be able to manage the higher risk investment you have made in ENG.
DYOR, particulalry, look back thru the HC ENG threads and see the shareholder discontent with this stock. I mean to say, 635,000,000 ENG shares vs MNF 53,000,000 shares. ENG as an investment is basket case, no better than a speccy mining company that has been around for 8 years with endless placements and heaps of shares, just look at NWT.....
ENG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
