27k in the bank, page-7

Good post from Texas and Mikey...good reasoning from both...but I am with SB2000....its definately heading for delisting imo.

We dont need to go over and over it again and again but we know things are drawing to an end.

Either Texas is right and they will "drop some bombs on the market"...or they will run out of cash and Pallister will realise putting in his own money which is the only source of cash now for QTK is futile and will wind up the QTK operation all together.

How could he sell it? "Yep we never made any profit..but hey...buy the goodwill".

There is nothing appealing about this business for buyers or even cusomters. Its outdated technology, an old product and QTK has had their chance to dazzle the market.

Each project announced has never come to fruition and delivered money so why will things change.

Tex...$10K is not a lot of cash.

However....you know there is probably another 1300 stocks other than QTK that are likely to give a bigger and faster return yeah?

If you are relying on Pallister to bring something out to hit the market for a 6....remember something......Quiktrak and Pallister have now lost all respect professionally imo.

The company never turns a profit, borrow / placements and lives off handouts, never delivers on projects or the word and Pallister dicey history with ASIC is really going to make it difficult for almost everyone to trust this "bomb of an announcement" that could be released to the market.

Even if it happens...who will trust.

The market would almost need to see Quiktrak's bank balance in an announcement to believe they made some money or profit.....and then we would be thinking it could be forged.

Good luck...but be wary....QTK could be pretty close to going under.

Pallister lent $2 million to Quiktrak...1.25 is used up.

$27K in the bank at the end of the last quarter.

Last placement (3 for 1 renounceable rights)...6% of people took up a position.

Get the picture?

If you are just having a quick punt...then good luck.

I would have seriously gone to the casino for a black or red punt....be a lot more fun.