I agree with all comments.Basically I have been buying QTG since last year.I saw what everyone else saw and was purchasing based on asset and the company starting to be cashflow positive.I read the announcement on 5/5/13 which said they were looking into the stock provisioning.I decided to lighten up as a safety measure.Sort of an each way bet.I looked at the cashflow yesterday and thought I had got it wrong and the company was doing positive cashflow.I thought at most they would say write off a couple hundred thousand for the inventory or even zero .Then the after market announcement it appears now that the net asset position has fallen by $700k well above what I would have expected.I have sold out completely.I still think there is potential but it appears to be 6-12 months away after this latest announcement.
QTG Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
