QFX has been out of cash for a long time. Current liabilities have outweighed current assets for many reports, so survival depends on the good will of creditors.
The trading while insolvent test is interesting - either a successful capital raising is imminent - given the last debacle how can that be? or the joint venture type agreement that SL has been hawking for many months has to be realistic and likely....a long bow.
Can't criticise the bloke for trying, but realistically....
How any shareholder can defend this is beyond belief - no-one bought below 0.001 so everyone's a loser (or maybe they're waiting for a dividend....ha....ha, ha)....but of course SL is happy in his Dalkeith mansion having drawn a 'salary' every year for the last ten years while this dog has lost $60m.
IMHO, GLTA....but for once I've avoided this train wreck/clusterf*ck
QFX has been out of cash for a long time. Current liabilities...
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