I'm confused about one thing; Quickflix users get access to Presto. Presto users get Quickflix content........... is that right ?
Announcement doesn't read that way to me. I don't think as a Presto subscriber I will get access to Quickflix content, only the other way around. As the announcement suggests Presto will in effect be an affiliate reseller of Presto services
Quickflix will be an affiliate reseller for Presto
Also at the bottom of the announcement it says:
The agreement is subject to conditions precedent including in relation to due diligence and funding arrangements.
Funding arrangements? What does this mean?
QFX Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held