strong buying, page-20

New report out, as predicted $8.2M of cash left after management steered the company thru another loss quarter, $2.2M this quarter, as if $1.7M loss in the previous quarter was not bad enough.

Operating revenues also down to just $900K for the entire quarter. Geez that's only about $300K per month at a cost of $1M per month.

And with the share price pushed up to 26c and 183M shares on offer, Freshtel would have us beleive that they are worth every cent of their present $47M market cap.

Right.........again, I point out a peer comparison:

Engin, largest VOIP co in Oz Market Cap $13M, revenue unknown, estimate about $9M, Engin lost $6.8M in the first 1/2 of 07/08 year so assume another $5-$6M loss for the full 07/08 year? Worse than Freshtel! 635M Shares!

MNF 2nd Largest VOIP company in Oz Market Cap $8M, revenue about $6M? Lost $983K in the first 1/2 07/08 year, $36K loss for 3Q 07/08 year, now ether break even or very close. Should have about $700+K cash. 53M Shares

What the? At some point Freshtel will have to admit defeat, it is soooo predictable that they will continue to trundle along losing $2M per qtr until they run out of $$$, at which time you will see another large placement for another 1 year expense top up.

I can not understand why this is not being massively sold down?