Quickflix Pulled From ASX
Despite chairman Stephen Langsford’s insistence the company isn’t done for, things continue to go from bad to worse for Australian streaming player Quickflix.
The company has had its shares officially suspended from the Australian stock exchange.
The suspension, triggered by the company failing to pay their listing fees, follows a temporary-halt to trading enacted last year when Quickflix was placed into administration.
Quickflix was one of the first casualties of Australia’s highly competitive video-streaming landscape, losing out to local players Stan and Presto alongside international giant Netflix.
Quickflix creditors are set to meet and assess the damage in October.