asic clears bqt over monoco

An alleged gripper by the name of Adrian READING of ASIC National Assessment and Action Centre has cleared BQT/Mr GENNER over Monoco and other matters I raised.

In part in the letter of reply from him(today) it states "From the announcements to the market by BQT and the qualifications contained in the AR(Annual Report), it is apparant the company is still undergoing development of the technologies in relation to security applications. Specific references are made to a number of current projects, which have yet to come to fruitition and the expenses involving research and development."

I would add that the announcement by BQT of 9 June 2005 refers to confidentiality agreements in relation to the business of the companies technologies and projects. There is no obligation for BQT to respond to you in regard to specific information about the company's projects.

Ah well I tried...Sit on my butt again and pray I suppose. LOL Not even required to update!!!!!it seems

Cheers