trade and other receivables, page-18

re: question over invoicing well then, if the $4.5 million receivables was for the product sold, it will be sitting in the receivables column for a while wont it. if you guys are right then i can only envisage that this money was for the 100k transponders supposed to be installed in beijing in early 2006. this then is perhaps our biggest clue yet of the royalty qtk are to receive for each product. $4.5 million divided by 100k = $45 royalty per transponder???

The manufacturer are being paid seperately by China Alarm Holdings, QTK get a "royalty" so perhaps we are onto something here......

Anyone care to calculate what 3.5 million transponders divided by $45 equates too? Then once Beijing is rolled out QTK are expecting the same for Hubei and possibly the whole of China. For those with patience the numbers are huge.......