qtk up another 20 percent and no sellers, page-17

hi strato,

infoseeker ran something similar by me in the past week.

your claims certainly dont meet my understanding of a convertable note. my understanding of a convertable note is that the noteholder has the OPTION of converting to shares at the end of an agreed period, in QTK's case Sept 08, otherwise they must be repaid their capital investment.

in the case of QTK the notes were issued at a face value of 20cps, there is no way the noteholders will want to convert.

im willing to admit i might not know everything about convertable notes but it will be a revelation to me if noteholders cannot demand their capital investment back upon maturity of the investment.

to my mind the noteholders have the option of converting @20cps or getting their capital outlay back, in this case $5.5 million.