I think .01c is a fair valuation of QFX.
QFX have time and time again raised money with big promises then smashed investors with very poor capital mismanagement. Why do you think we have so many downrampers on this thread with very hurt feelings.
This is a very high risk spec. Always has been but some here forget this, buy shares, lose money then spend years on this thread moaning about how hard done by they are.
The reason I punt on QFX at this level is;
1) Its shown it can raise cash to keep business going even when the market is totally against it (against it with good reason) so unlikely to go into receivership on past performance.
2) Directors have massive incentive to keep it limping along (directors fees)
3) It has decent assets in a very competitive space that is cashed up.
4) The upside from another company taking control is large if buying in at .01c
5) Cant drop much lower than .01c hahahahaha (or maybe the years and years of predictions of doom will come true and put us out of the QFX punter misery)
In the end QFX is just another sheet spec stock that you could make or lose some dollars on. Its not something serious like you families health.
71
why oh why didn't I sell QFX when I was 22.5 Gs up, arrgggggg
QFX Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held