If you read all my postings you will see that my predictions on share price have been proved to be reliable and correct. The same goes for what Cyber and Errol have written.
I dont hold any shares in QXL. Reason - I dont like losing money -
The bond conversion is well documented. Just take the time to read.
At some stage towards the end of next year QXL will run out of cash. Thats based on their track record and even QXL's greatest advocates BOBSWORTH and DAWKINSP listing projections.
Now, the directors of QXL will clearly have to make some important decisions and hopefuly these will be sooner rather than later for QXL shareholders.
As there is no prospect of a take over bid the directors will have to look for a merger with another company. I would imagine this would be a small company say market cap of £10-15m. Hopefully, the merger would enhance the prospects of the new enlarged company. It would also be likely that a cash raising exercise and consolidation of the equity capital would coincide.
The alternative is liquidation. Hopefully, QXL will take action sooner rather than later.
I hope you now understand why investors need to be made aware of the high risk of investing in QXL.
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