100 million pa for 5 years, page-2

on 12/9/2005 qtk announced a contract with china to deliver UP TO 3 million transponders over the next 5 years which would result in revenues of UP TO 380 million USD.

we are now at 13/9/2006 and to date qtk have delivered ZERO transponders into china for revenues of ZERO.

so perhaps the management of qtk should rephrase that announcement of 1 year ago to now read UP TO 3 million transponders over the next 4 years!!!

furthermore here we are one year down the track and we still have ZERO profit guidance, and very little elaboration whatsoever into the chinese contract. as someone else pointed out in a recent post, tonights 22 page full year report contained a measley 1 line mention of this blockbuster chinese agreement.

fair crack of the whip smuggs. the disclosure remains appalling and very few people are going to put their hard earned cash into a company that continues to play the smoke and mirrors.