I don't see engins potenial - considering they are only marketing to a small Australian Market.
Surely Freshtel capped the same as Engin is a more exciting potential growth company.
With FRE white label contracts offshore and looking for white label deals domestically and throughout Europe and the states will wipe ENG off the radar.
FRE has $11m cash in the bank and already has 47,000 customers in 2 months of advertising, which was paid by tesco to a value of $40m throughout the world cup soccer has to be more attractive then Engin.
Eventhough Engin owns their customers, of FRE 47,000 customers that came on board in the last 2 months 80% are paying customers.
Can anyone explain why i should buy ENG considering they have already spent all their cash and trying to raise more money?
I just can't seem the logic behind this company.
Can you?
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