Yes, QTK has $43,000 in the bank.BUT, QTK has unused loan...

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."

You should have said the same back in April 08 when QTK had ONLY $27,000 in the bank and a unused loan facility of $775,000 available.
It seems that $1,387,000 has been repaid.

Did you also note in the July Quarterly that
" a shortfall amount of $1.026 million due from the underwriter, Quiktrak South Africa (Pty) Ltd, formerly Elderberry Investements111 (Pty) Ltd"

If anyone had a brain they could work out that it was mostly the top 20 shareholders who took up all the rights issue.
QUOTE
"76 securityholders subscribed for 43,930,186 fully paid ordinary shares in the Company (the "New Shares"), which represents a take-up of approximately 31.2%. This includes 36,026,793 New Shares taken up by Mr Mark Pallister"
WHY?
Mark Pallister obviously knows that the deal with ADT/Tyco is going to make a big difference to quiktrak.

INTERESTING
"Pursuant to the underwriting agreement between the Company and QuikTrak South Africa (Pty) Ltd (the "Underwriter"), the shortfall of 96,950,809 fully paid ordinary shares in the Company ("Shortfall Shares") will be taken up by the Underwriter. The Underwriter will hold approximately 18.1% of the issued share capital in the Company following allotment of the New Shares and the Shortfall Shares."

In other words 96,950,809 shares were NOT issued. But Mark Pallister's % has gone up considerably. Maybe 36% of QTK.
WHY? He knows something that you and I don't.

Must be some good news brewing!!