Cybercity and Sombrero
Just got back from a night out and caught up with your posts. Well you say use net profit and not turnover well if you read my post again that's exactly what I have done. I HAVE NOT USED TURNOVER - OKAY?
The only difference between your argument case and mine is that you imply QXL will continue to burn £4m a quarter. Well we all know thats not going to happen. QXL will at the rate they are cutting costs be at that level this Q3.
If Iam right QXL will not even have to draw on the £16m of equity funding thats available and with £17m cash in the bank thats plenty to see them through to profits.
When they redeem their £15m equity/bonds issue all they will have to pay is the interest charge that stated in the bond/equity agreement.
Gosh you are good at twisting the truth.
If QXL's hit Q3 net losses of £4m then we are on a winner and you know it too. Hence all your activity to get the retail out.
No chance Iam afraid you are wasting your time.
Just watch the retail pile in in the next couple of weeks.
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