transformation and timing, page-8

Hi FG....
I thought you got swallowed by a whale!
Nice to have you back....

The response yesterday certainly took a lot of people by surprise.

I have said before that all CRs are not the same.

Some are out of desperation...but not this one.

The annual report showed QFX still had a bit of cash in the bank, with losses shrinking, theypropbably could have traded into profit without a CR.
They chose not to.
Why?

The CR is bigger and sooner than most of us expected.
This shows confidence.
If things were bad they would try to hang on and hope they picked up.

So my reading is that things are going very nicely with the transformation to profitability.

This will be revealed soon enough to put a rocket under the SP.
It will ensure that the Rights Issue is well in the money and fully taken up....Otherwise it would have been much smaller.

I'll be taking up the full rights issue if I can find the $$$.

I'm heavily invested in QFX, so I'll be looking at quite a bit to take up the full issue....but it's the right thing to do.

Now lets see another update on revenues for July, and August!