The announcement says the shortfall of shares can be placed...

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CDS09

21 Posts.

16/05/15

12:56

Post #: 15293197
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Originally posted by cocoman ↑

This might explain why the SP won't be blasting through 0.003 any time soon.

Pretty sure QFX is still trying to place most of these shares right now.....

My guess is to Team Presto....who will no doubt be haggling.

17 December 2014 The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000
Dear sir/madam Results of Renounceable Entitlement Offer Quickflix Limited (ASX:QFX) (“Quickflix” or the “Company”) wishes to advise the results of the renounceable rights offer (“the Offer”) to raise up to approximately $5.7 million (before costs) which opened on 28 November 2014 and closed on 12 December 2014. The Company is pleased to advise that valid applications under the Offer from Eligible Shareholders have been received totalling $650,814.73 (before costs) applying for a total of 216,938,243 New Shares to be issued at $0.003 per New Share. The Board will seek to place the resultant shortfall of 1,749,755,158 New Shares at their sole discretion to any party, other than to related parties, at an issue price of not less than $0.003 per New Share within three months of the closing date of the Offer. Allotment and issue of the 216,938,243 New Shares is expected to occur on 19 December 2014 with dispatch of holding statements and trading on ASX expected to commence on 22 December 2014. The Board wishes to thank all Shareholders that participated in the Offer. Yours sincerely Susan Hunter Company Secretary

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The announcement says the shortfall of shares can be placed withing three months of the closing date of the offer. The offer closed last year. Those 1.7 billion shares cannot be placed anymore so that's not why the share price didn't go past 0.3 cents.

QFX Price at posting: 0.2¢ Sentiment: Sell Disclosure: Not Held
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The announcement says the shortfall of shares can be placed...

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