QFX 0.00% 0.1¢ quickflix limited

Ann: Quickflix And Foxtel Presto Enter Agreement, page-23

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ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,600 Posts.
    "And stweeve and kat definitely got it wrong."

    We've got nothing wrong, never have. Been bearish on this stock (and rightly so) for almost three years which has seen it's MC decimated from 70m to 2m during the last couple of years. So please tell how that equals being wrong in your view?

    Announcement is an agreement, which no one knows the details of and what it means revenue wise for QFX, also it seems many have completely overlooked this part of the announcement.

    "The agreement is subject to conditions precedent including in relation to due diligence and funding arrangements. "

    Volume is just armature day trades still making the mistake of buying penny stocks on news announcements. Pros will rightly be sitting back waiting to see the details of any final contract and what that actually means for QFX if anything substantial revenue wise .

    One thing for certain any small SP rise held onto will certainly quickly follow by another CR while they still can, even if it's at just 3/10th of a cent as the company is down to it's last million and Langsford still has his 3b shares wanting to offload from the last failed CR attempt.


    Kat.
    Last edited by Katoom: 14/05/15
 
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