The DVD rental service might be profitable but it is in decline. This is the problem for QFX, their traditional successful business is dying. Streaming is the new generation and QFX just can't compete as all the heavy hitters have arrived. QFX can't do anything, not because they are hamstrung by their SVOD licensing but because Streamco have them by the balls. QFX can't do anything that changes the company's core business without Streamco's approval. That's why this supposed Presto deal was a laugh, was never going to happen no matter how many times Joeltorpy told us otherwise.
QFX Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held