Rifici,
Re your comment...
"It is clear that QTK can't afford to pay the interest so are now negotiating. If the note holders don't compromise, QTK will be insolvent."
Are you suggesting that the 2.16 mill rimtalay's post argues is available (as noted in the last report) is no longer available???
"Yes, QTK has $43,000 in the bank.
BUT, QTK has unused loan facilities of $2.16 million
FROM THE July Quarterly Report
"As at the end of the quarter the company had $ 43,000 cash at bank and unused loan facilities of $2,162,000."
Rimtalay post 13.08.08
Interesting indeed!
- Forums
- ASX - By Stock
- QTK
- trading halt
QTK
quiktrak networks limited
trading halt, page-5
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales