Sparkler,Yes, you are correct, MNF were cashflow positive to the...

Sparkler,

Yes, you are correct, MNF were cashflow positive to the tune of $40,000 for Q4 FY08 and made a net loss of just $327,000 for FY08. Bound to make a mistake or two that early in the morning when I posted!

Still, a loss of only $327,000 for the entire 12 months is nothing short of impressive and augers well for coming quarters.

And of course a peer comparison quickly reveals the massive difference in losses, ENG $12M loss FY08 & FRE $8M loss FY08.

Coming quarters in MNF will grab the attention of a wide range of investors and the SP will creep up accordingly.

It is a pity in some respects that there are only 53M shares on offer and that they are tightly held as it makes it very difficult for a prospective MNF shareholder to get set. Still, I suspect that a lucky few will be able to build a large holding of say 500,000+ for under 20c if they start now.