Not good news for Quickflix, page-35

Please read about the preference shares and their conditions before you post again about how the company will be bought out.

The company will not be bought out when the preference shares are 10m, the MC is only 2m, so anyone would have to pay five times that just to pay out that one liability overhanging this company, and there is no value within QFX worth anywhere close to 10m,

Company liabilties far exceed assets and with the non exisitent net profit over the past ten years, the only identity that could possible end up buying this company will be a liquidator for a single dollar.


Kat.