Increase in costs = Increase in Operating Expenditure (operating and investing cash flows) due to increase costs in streaming as per the 4c comments, what I'm correctly refering to. Why operating activities increased by 462% Net loss increased by 110% QoQ
Nothing there stating specifically they have paid anything down from the 8m due 30th Dec. Even if they did pay 2m towards that amount would still leave 6m to be paid before 30th Dec.
Company situation isn't bleak it's dire and has been for years, just now it's all finally coming to an end.
While discussion about DVD Streaming and options ahead for QFX is interesting, that discussion probably needed to take place across the QFX boardroom two years ago. Far more pressing and urgent issue which needs to be addressed immediately is how will they continue to meet cash flow requirements over the coming weeks to remain a going concern..
Current rate they are bleeding cash, even with R&D Refund and what ever they are able to scrape together from the 10% placement it's very difficult to see how they can meet cash flow requirements beyond 30th Dec without an urgent investment of 10m+
Kat.
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