interesting, page-5

'''went over the vantage report again last night, such a glowing report and at that stage all qtk were waiting on was the importation licence to begin delivering transponders into beijing.'''

QTK have still NOT confirmed that the importation licence was granted, what does that tell you?

China is dead imho, and quarterly figures in Australia show that QTK can not maintain a regular client base.
All hopes are now hanging on south africa, they must have had a good song and dance story to get Bell Potter to chip in $5 million at 20c, but maybe they didn't come clean on China at the time?