895k in wages for the sept quarter, page-13

No personal attacks Smuggler, just stating what you've said in the past, and posting FACTS.

I don't know Smuggler, but in my business I would never increase wages by 100% when my revenues for the quarter was just the worst in 7 quarters by a fair margin, and significantly lower than the same quarter in the previous year.

Because naturally if I did, I'd be broke pretty quick smart. You can powder coat the results all you like, but the facts are facts. The worst revenue results in at least 7 quarters.

So it appears QTK are now at the crossroads. They have decided to risk everything on this last attempt to make their supposedly superior product a success in South Africa. It's make or break time. I guess they really have no choice as they can't raise money from the markets anymore and they have to pay out $550K a year (paid quarterly) for the convertible notes and will have to find $5.5mill to pay back for those convertible notes in September next year.

The $2mill loan by MP should allow QTK to continue on till around then (subject to any more expensive infrastructure costs).

Personally based on the past, don't like their chances.