QFX 0.00% 0.1¢ quickflix limited

Ann: Quarterly Update and Appendix 4C December 20, page-2

  1. 1,771 Posts.
    re: Ann: Quarterly Update and Appendix 4C Dec... I love the dvd/streaming model and I know it's the way of the future however 3 things bug me about this stock;

    1) Regardless of subscriber growth, they continuing are loosing money. - $3.4 million on cashflow on the quarter! With only 2 million left in the kitty they're going to issue more shares this quarter guaranteed (just after issuing 55 million shares 12 weeks ago).

    A few years ago back in 2009 they'd say breakeven for the business would be 100K subscribers, we're nearly there and they're still burning money.

    Why aren't they making money yet? we'll ack in 2008/9 when they had 25000 paying subscriber's revenue for i believe the sep 08 quarter was $1.75 million. Now we've got 94,000 paying subscribers revenue is $4.3 million?...looks like they're not making as much per subscriber now as they did back a few years ago.

    2) People will subscribe to streaming when there is good/excellent content. The content from what i've seen and heard is rubbish at the moment. Not many latest releases and a lot of old movies.

    3) What happens when Netflix target's the market with their muscle. People will switch to Netflix for their better content...will it happen? maybe /maybe not.

    DYOR
 
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