8) Thats why they are looking to let Quickflix resell their content......to keep it alive and out of the hands of their rival.
9) Quickflix has no money........but it will need money to rework it's platform to resell Presto.
10) The failure of last years CR and the state of the share chart shows that Quickflix will have a really hard time raising that money.....except from one source........the backers of Presto.
11) News that the likes of News Corp/Foxtel/ Seven have funded Quickflix would be a total game changer for the SP.
12) But it's the only way they can avoid it falling to Stan.
13) Quickflix will be at the mercy of Presto regarding the pricing of the deal.......but if Presto want to keep Quickflix alive QFX will need to either A) Turn a profit....B) Keep raising more funds.
14) Presto has an interest in seeing QFX become profitable and can make that happen by giving it a good deal reslling its library.
15) Presto wants Quickflix customers watching and paying for Presto product, not Stan product.
QFX Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held