market is beginning to lose patience with this stock now i think. how long can they keep silent on this fiasco in china? either they got a contract or they havent, 18 months later is ridiculous and not one cent out of $380 US million has been announced to have flowed back to qtk.
without china how can this be valued at $60 million? it is obvious they gloss up their financials to read better than they are, the facts are that qtk now owe $4 million to bell potter clients (if those clients choose to not exercise their notes for the privilege of 20c shares), and the last quarterly showed a dramatic reduction in cash associated with "infrastructure costs" in south africa. similar "infrastructure costs" in china have not netted qtk very much at all, i hope for holders they have better luck in south africa.
people laugh when 5cps is mentioned but it is quite possible if things continue like this for much longer.
QTK
quiktrak networks limited
