Given the precarious position and grim outlook for QFX, why are people still placing bids?
I only see three possibilities.
1) They're crazy.
2) They believe there is some residual value >.2c in a liquidation event.
3) They suspect someone will make an offer > .2c to take QFX private.
I am unsure of what the exact terms of the preference shares are but they seem to make options 2 and 3 less likely.
Disclosure: happy customer, unhappy holder, keeping my remaining unmarketable package.
QFX Price at posting:
0.3¢ Sentiment: Sell Disclosure: Held
