Ann: Quickflix and Telstra enter BigPond Movies A, page-6

re: Ann: Quickflix and Telstra enter BigPond ... Gotta remember that not all cap raisings are equal.
Without question QFX previous raisings have merely been an exercise is keeping the ship afloat.
This raising likely approx $5m unless something bigger is brewing is qualitatively different. This will fund their digital advance and will undoubtedly be institutional.
That in itself would be highly encouraging, as it signifies that QFX has probably entered a new phase of maturity.
A future more about growth and penetration rather than mere survival. Yes as existing s/holders we are being diluted but the likelihood of growth will be warmly greeted.
Remembering only two weeks ago the share price was 4.5c, so any institutional interest above 8c is welcomed.
Fully expect with an injection of cash a few road blocks may be taken out and shares will do very well.
Resistance 23-24c......wishful thinking. watch and see.