QFX
Ready to push towards 2c
Quickflix is an "Australian version of Netflix".
HBO invested in $10m in QFX via subscribing preference shares @12c in March 2012.
QFX has already spent over $42m on setting up the DVD rental and online streaming business.
Post right issue:
Cash on hand: $5.6m
Market cap: $15m
Netflix:
Market cap: $20b
Quickflix down from 15c to 1.2c, then bounced back to 4.2c within 3 weeks. History could repeat.
daytrading oct 23 morning, page-2
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