ENG 0.00% 89.0¢ engin limited

why the dump, page-19

  1. 143 Posts.
    It is also the amount of competition looming...existing players moving into that space eg BRO & new floats...

    My Net Phone (MNF)
    (Open)
    Closing Date: 03 May, 2006
    My Net Fone, a voice over internet protocol (VoIP) service provider, is raising $2.5m in an offer that values the company at $9m. A fifth of the money raised will disappear immediately in offer costs, and the rest is to be used to fund operating expenses while the company continues to make losses. The offer closes on 3 May.


    ....if something is making money new players come in & then the big boys move in & either buy it if they can or undercut pricing.
 
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