I'm not a holder, but have just spent 5 hours reviewing MUL's...

I'm not a holder, but have just spent 5 hours reviewing MUL's past, its current assets and their future strategic judgements, namely Middle East and recent PNG positioning and the acquisition of 'New Skies Networks P/L' and (associated acquisition) . i have to say, this is a very bold but strategically a very good and positive move. Telecommunications is a very dificult business. Especially when communication technologies change by the day. The future is all about wireless communications. Telstra has declined from $9 to $4 in the past 8 years because it is emotionally tied to the ageing copper cables(old technology) the Govt's inability to deal effectively with public opinion also has not helped.

Back to MUL, yes i agree with some HC posters that there is lots of risk here,(let's face it, these are penny dreadfulls) but measure this with the upside potential of the recent strategic intent. Unfortunately, many make the mistake of asigning past luggage to pass judgements on the future. I say, "have an open mind" and try to understand the unfolding story. There are big bucks to be made out of these type stocks, do your homework and keep an open mind. Speeding forward and looking in the rearvission mirror too often will cause you to crash. There are many examples of absolute perls risen from bad stocks. Look at SEN, UCL, PDN, BMX, QTK, (I can name a dozen more...)

Back to the announcements today, in my opinion the stock will probably get suspended before trading opens tomorrow. I cannot see how the asx will allow normal trading in the backdrop of such a massive strategic change in the co's business.

I'm not in as yet but very tempted at current levels.

Cheers
Zackman