Has anyone asked management why South Africa should be any different to China? Or for that matter why QTK's partner in China recently took up a placement in SMA, a company that offers rival tracking technologies to QTK! Isnt it bizarre that China Alarm Holdings would take up a placement in a competitor if they had any intentions of honouring the QTK contract?
Also how are QTK going to pay back the Bell Potter noteholders to the turn of $5.5 million later in 2008 when they are surviving on a $2 million loan from their largest shareholder?
On face value QTK appears the biggest certainty to me to go into administration since CMQ. I cant find one iota of credibility amongst this mob, nor any evidence that there is hope of a future here. What a kick in the guts for honest people that bought shares in QTK in good faith on the back of the massive $380 million Chinese contract. The silence on that deal is deafening!!!!!! I wonder what Ian Porter from The Age Newspaper is thinking.
QTK
quiktrak networks limited
how to make money....without working for it, page-2
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