Fascinating following this thread and to read how an approval to pre-load a App onto a Kindle device can develop into a discussion about how a international company like Amazon might takeover QFX.
Fact that investors are even discussing that as option just shows they possibly don't hold as much confidence in the company as they like to portray.
Or that they don't have a lot of confidence in the company long term growth and profitability should a competitor like NFLX enter the Aus market.
For Amazon or any other large international company QFX would need to have any one of the following.
-A patented tech in the field of video streaming that another company wants. (Think motorola, company wasn't worth as much as the patents, hence Google snapped them up and a nice SP spike it was too.)
-Contracts worth millions which no one else would be able to get for another 5 years or more.
-A long profitable history,strong balance sheet, strong growth and large percentage of Aus household subscribers.
Since QFX has none of those any thoughts of a takeover at 20cps is just unsubstantiated wishful thinking by investors who are more likely just wanting to exit at breakeven if given the chance.
Oh and the postal DVD business which has never made a profit and which future growth possibilities are stagnant at best, isn't worth more then the asset value of a library of used DVDs sorry to say.
Kat.
QFX Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
