www.thebongovirus.comThis is CQU's answer to myspace and...

www.thebongovirus.com

This is CQU's answer to myspace and facebook.

Whilst they are NOT first to market it is important to realise that MFST bought a stake in facebook last year valuing the firm at US$15b. If bongo is 1% as successfull at facebook then that would value Bongo at US$150m in 2-3 years time.
Some food for thought.

At present it's probably best for shareholders to just ignore the stock price. Pie has. Almost every stock has collapsed in recent weeks. What's important is the underlying fundamentals of the business. Are they still making money? - nobody yet knows the answer to that.

I think this first half of 09 will be quite telling for the future. If they can maintain profitability over this period its a a good sign moving forward.

Lastly, if things were as bad as the stock price indicates, why would directors be buying stock only a few weeks ago at 13c?

Good luck to holders

Pie