re: mul is a classic pump and dump Hi Telco89,
5 questions for you:
1)
Is MUL a licensed telcommunications carrier or is it an ASP?
2)
Does MUL own assets in connection with its satellite service (ie: the satellite, the Newcastle teleport, etc)?
3)
Is MUL leasing transponder space on the satellite, meaning that it is a reseller of satellite capacity (and maybe a provider of value added services - dproprietary, or as a reseller)?
4)
Does MUL have exclusivity over the Australian satellite footprint, or does it have to compete with New Skies for market share in this space?
5)
If the net asset position at end June was negative, then, to what, can the current market of $80 -90m be attributed? And, if it is to future profits, what would be the relevant p/e (or is that an inappropriate testing tool)?
Concerns with April 2000 are interesting because, in almost every other thematic posting sequence on this site, most are referring to either the DOW, the Nasdaq, or to the market generally being over-valued (including many who for much of the last 12 months have been calling the DOW down to 5,000 and theASX down to 2,200.
Nice to be dismissed though for asking exactly what is going into making up the market cap of any company, including this particular company.
MUL
multiemedia limited
