SKG skynetglobal limited

Looks like it might go sub .04. I've followed this one for...

  1. 8,165 Posts.
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    Looks like it might go sub .04. I've followed this one for awhile, made some nice bucks out of it too, but I always thought soon was a bit of a cowboy and the balance sheet never added up for my liking. Thinking about the assets they have, WHome will be a dead duck in 12->24 months as GPRS and 3G become cheaper data transfer mechanisms for wireless internet connections, no need for hotspots or connections in your home/appartment just sign upto your ISP, who will be a re-saler of the existing mobile phone infrastructer (similar to the way virgin mobile works), and away you go.

    Having said that Telstra and Co. will be looking at reduced revenue as Voice over IP takes off (I already know a few people who use it regulary).

    Please shed some light if I'm wrong in my assumption.

    regards.
 
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