The fact that no one can really work out what this deal actually means should be a HUGE red flag. As far as I can work out Quickflix is now no longer in the SVOD business, which essentially means Foxtel has managed to work out how to take this over without triggering the poison pill. We'll see!
I'm actually flabbergasted holders like coco could rebuy after being punished so badly last time, but I guess there's no accounting for taste! PS coco: you're not up until you sell!
Still... it's nice to see a bit of life back here!
QFX Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held