Makattack, I hope that QTK gets an upfront payment from ADT/Tyco...

Makattack, I hope that QTK gets an upfront payment from ADT/Tyco and PBM Security as a sign on fee for the network. I think it will be something like this anyway. I hope!!!
Although the market thinks that they won't be able to pay the convertible notes, judging from the fact there are very few buyers.
Quiktrak are not forthright with info, I'll give you that.
But, I guess they have an ace up their sleeve.
At the current shareprice, maybe ADT/Tyco could make a reasonable offer and Mark Pallister would accept, and it would be all over. But I'd expect MP would want 50cent/share plus, Tyco may only want to pay 20c/share.
I doubt whether they'll go broke because of the payment for the convertible notes, regardless of the above.
If the note holders get a whiff of a takeover they'll take the conversion at 20 cents/share. I'm guessing that QTK management will leave it to the last minute.
That's why I know we'll get a good update soon.
Otherwise it will be over, red rover.