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"Funny how they always have some pie-in-the-sky deal to point to...

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nt_1973_au

8,060 Posts.

103

07/08/15

16:06

Post #: 15770068
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Originally posted by Jakebarnes ↑

Well you could lose 100 per cent if the company goes into administration, which is very possible. They had $900 grand in the bank at the end of June and burned through more than $1 million in the June quarter alone. So they're going to have to raise money very soon regardless of the China offer (Funny how they always have some pie-in-the-sky deal to point to right before a capital raising, I myself got sucked in by the great "Netflix is totally going to buy us" con a while back). Have a look at how their capital raising went in December for an idea of the troubles this company has in making money.

I'd highly recommend you take note of what Stweeve and others are saying. The history of this company is paved with retail investors who lost their money by not listening to the warnings from those who know the tricks this company plays.

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"Funny how they always have some pie-in-the-sky deal to point to right before a capital raising"

how else is qfx going to get "professional and sophisticated investors", to participate in a cr? how well did the "professional and sophisticated investors" do in the last cr?

QFX Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
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