is mp the problem with qtk, page-6

nah, something definately had to have gone wrong...

an up to $380 million dollar deal that fails to deliver 1c? even in the vantage analysis report it gave a "worst case scenario" figure of 100k transponders for the first two years of the contract, cant remember the $$$ figures and cant be bothered going to check but clearly that was not even met. so they failed to even meet the "worst case scenario".

in my opinion things went haywire in the very early stages, probably CAH got spruiked when ASIC charged MP i think. i denied it at the time but it just doesnt make sense Mobilarm and other signficant shareholders selling down so shortly after the blockbuster deal was announced.

the problem for qtk now is that its reputation is so bad nobody is going to trust them until actual $$$ roll in the door. that is going to make raising further capital very difficult, they already got significant debt which falls due in around 7 months, i really just cant see how they are going to keep this ship afloat much longer. MP is going to need all his wits to pull a rabbit out of the hat here now. i will watch with interest from the sidelines.