What did it cost them, How much are they paying per year to be able to resell presto. Or what is the commision that quickflix will recieve for a presto subscription
Wasnt quickflixes losses in the realm of 8.5 million dollars for the half year to the end of december?
Quickflix is a very poor alternative to Netflix, Presto and Stan. Its library is the smallest of any of the major services.
Please tell me why you would sign up to quickflix instead of directly to presto.
If you are thinking of buying. you need to be able to visualize how QFX is going to be able to gain market share and become profitable. millions of dollars of losses are not acceptable. This is not a R&D company trying to get a breakthrough, they are selling an existing product. They need to make money.
-------------------
But on the plus side.
If you have been holdin this stock for the last 12 months, you may be getting close to your purchase price, or if you bought at .1 or .2 you are in the money
a 200% increase in stock price is not unwelcome for holders. Congratulations
A partnership with a company as large as foxtel is a amazing result. Not without its risks, but lots of upside potential
QFX Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held