According to the half year report,QFX should be able to continue...

According to the half year report,
QFX should be able to continue its operations into the foreseeable future.

SP at current level, presents a good risk/reward opportunity.

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"Preparation of report on going concern basis

The Group incurred a loss of $4.2 million for the half-year, and had a deficiency of net assets of $4.9 million.
Notwithstanding these matters, the financial statements have been prepared on the basis of going concern which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business. Whilst acknowledging the inherent uncertainties, the Directors consider this to be appropriate for the following reasons:
• the projected cashflows through the implementation of its current business plan;
• the flexibility to vary the Group’s cost structure and in turn the level of cash burn in response to progress against
certain milestones within the business plan;
• the demonstrated ability to obtain funding through debt and equity issues; and
• the limited conditions under which the preference shares may become redeemable by the holder.
All of the above give the Directors confidence that the Group will be able to continue its operations into the foreseeable future."