The Ann yesterday shows that News, Telstra, Foxtel, Seven are not prepared to let Quickflix fail and fall into the hands of Fairfax/Nine.
Quickflix will be at the mercy of News, Telstra, Foxtel, Seven...and will largely be as sucessful as they allow it to be.... but we now know that they won't let it fail.
It has strategic value to them.......
Possibly way more than the intrinsic value it has as a business.
Thats what changed yesterday.
QFX Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held