Maybe it is the last chance to sell the company, page-12

Plenty of value in the company? For what a handful of actual subscribers, second hand DVD library and a few platforms all of which add up to a quarterly loss on average of over 1m.

There no value when liabilities exceed assets (technically insolvent) and the company has never made a profit. There is also no value when preference shares exceed almost twice the current MC. Even if someone did want to buy out QFX for $1 they can't unless they also want to pay out the 10m in preference shares.

That's why I state the company is only worth one dollar. And likely the only buyer at that price will be the liquidator.

Keep telling yourself the company has value, but fact is it has none and has been a bankrupt shell for some years surviving from one CR to the next.


Kat.,