This time either the company makes it or the market will dismiss any positive spin as clap-trap. It is interesting to note that the directors spent many hudreds of thousands of dollars in the high thirty's buying up stock. The way the stock sits currently is that it is either bargain basement or the market has lost all faith, if the latter is the case it will sit in its own stagnation until it shows the money in the bank. Pallister has a lot of his own money tied up in the company scrip, if the man is as smart as we are to believe then anything could happen at any time. I am a tempted buyer but very wary of past non performance. Will this time be any different? Will Pallister go down in asx history as a con-artist, unethical business man, or will he wipe the floor with all the negative innuendo that is floating about into the faces of the said sayers of such?
One thing that is in the qtk court of favour is the link up with adt/tyco. If the likes of Pallister can play his cards correctly then you may see this injured dog of a stock make a very strong come back. If it turns out to be another China then forget it. The China problem was spectrum interference, qtk seem to have fixed this problem alas it was too late for China. The goal seems to be converting all existing South African alarm clients over to a secure wireless network. There was a directive some months ago that was going to push existing alarm clients to a secure network, I cannot recall the exact details but it may of been an insurance issue. There is more cooking in the pot that what is seen at face value, I suggest that be wary of this company due to its history but keep in mind that Pallister is one step ahead of what we think we know.
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QTK
quiktrak networks limited
announcement out, page-17
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