No personal attacks Smuggler, just stating what you've said in the past, and posting FACTS.
I don't know Smuggler, but in my business I would never increase wages by 100% when my revenues for the quarter was just the worst in 7 quarters by a fair margin, and significantly lower than the same quarter in the previous year.
Because naturally if I did, I'd be broke pretty quick smart. You can powder coat the results all you like, but the facts are facts. The worst revenue results in at least 7 quarters.
So it appears QTK are now at the crossroads. They have decided to risk everything on this last attempt to make their supposedly superior product a success in South Africa. It's make or break time. I guess they really have no choice as they can't raise money from the markets anymore and they have to pay out $550K a year (paid quarterly) for the convertible notes and will have to find $5.5mill to pay back for those convertible notes in September next year.
The $2mill loan by MP should allow QTK to continue on till around then (subject to any more expensive infrastructure costs).
Personally based on the past, don't like their chances.
QTK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
