27k in the bank, page-5

good post Tex and i sincerely wish you the best with this punt. and afterall, $10k wont send you to the wall anyway.

i do hate this stock for obvious reasons. however the key facts here as i now see it is that they now have around 550 million shares out there and will have to repay bell potter noteholders another $5.5 million in around 4 months. how much extra dilution is that going to take, probably see their scrip blow out close to a billion shares i reckon.

based on previous history their capital raisings havent lasted them too long, they burnt through the $2 million raised shortly after relisting, $4 million apex placement, along with the spp @12c.....how long is this $3 million going to last?

but worse still i really dont think they have a product that people are too interested in anymore. what has happened to their blockbuster home security product and pallisters claims how they were going to take that sector by storm....http://www.theage.com.au/news/business/news-from-china-puts-quiktrak-back-on-track/2006/05/14/1147545209170.html

i will tell you mate, thus far nothing pallister has said has come true. china zip, zero, nothing, kaput and the home security market here seems to have thumbed its nose up at qtk as well. south africa will be no different imho.

due to the fiasco in china, asic's blundered prosecution of mp etc there is just so much baggage they are carrying. the market hate qtk and it would take something huge to change that. they are quite simply a laughing stock.

the best thing qtk ever had going for it was its monitoring centre and i think they flogged that off to keep afloat around 6 months ago, hence why their revenues are dropping. i see nothing positive with this business whatsoever, now with the extra dilution even at $2c it is capped at $11 million, compare its financials with LUM which is capped at $2 million and you will be left scratching your head, LUMS are much better....

good luck, hope you can get out on a spike.