AGM is little more than couple weeks away, here are some...

AGM is little more than couple weeks away, here are some questions that could be posed to Langsford to make the meeting a little more interesting than listening to the usual company sales pitch and spin while casting a few mundane votes.,

- Can you please justify the salary and bonus increase for S Langsford and S Hodge, considering FY14 returned a 58% increase in net loss over previous year to 10.2m. (the question all CEOs dislike most, might as well start with it)

- Why has QFX been so unsuccessful at securing new partners, content or investment. At a time when other companies are successfully making deals to help strengthen their position in the market.

- Why has QFX failed to secure a partnership with a single one of the top five ISPs in Australia.

- Are the preference shares now owned by Nine, blocking potential partners due to liquidation event within the preference share terms.

- Given QFX current cash position and monthly cash burn, even if the 10% placement is approved, how will QFX meet current liabilities of 8m before 30th Dec without going into default and triggering liquidation event.

- In addition to more dilution for investors in the way of 10% placement we are voting on today, how is QFX going to fund its operations for next FY given cash burn rate average for FY14 was over 800k a month and reported cash on hand 30th June was only 5.8m.

- Langsford you expected QFX to be cash flow positive in FY14, obviously that goal was missed by over 10m, when do you expect QFX to be cash flow positive? And if FY15 is another net loss, will you step aside as CEO of Quickflix.

- Langsford do you consider FY14 to be your annus horribilis, what steps have you undertaken to make sure it isn't repeated.

Now thankfully I'm not one of the lucky 1000's holding onto a paper loss on this company so won't be attending for coffee and snacks. But I'm sure someone who has invested and attending the AGM might read this thread and consider posing one or more of the questions above.

Given the dire results of the company to date, Langsford self appointed pay rise and bonus in a year which net 10m loss, some answers to one or more of the above are long overdue. And if Langsford or any of the board laugh off your question because they obviously don't want to answer it, repeat it!

As company or industry related questions are no joke for investors especially when holding onto a loss.



Kat.