Why Quickflix???, page-59

Yes but letting a competing service be a full range reseller in the current environment has more significance.

I don't think they would just willy nilly announce this type of transaction and the due diligence probably relates to making sure QFX can pay its bills (for a while) and presumably a capital raising will be on the cards to support that plus perhaps joint funding to upgrade their systems. Presumably Presto would want a superior service delivery vehicle to the other competitors.

At this share price level capital raise won't have much effect...there is more upside in the price.