con job

well here we are again, on the brink of another christmas - the third since QTK announced what by my reckoning was to be one of the biggest non mining foreign deals into the peoples republic of china. the company officially announced a deal worth up to $380 million $US, then reported in the media that a subsequent deal to expand the infrastructure into the hubei province should double the size of the original announcement.

2 1/4 years later not 1 cent has been delivered, or so it seems and very little explanation offered into what went wrong. and clearly something did go very wrong at some point. testimony to this fact is that qtk's client and partner china alarm holdings has understaken a placement in another asx listed company - SMA which is a rival tracking business to qtk.

most people honour their reputation and i do find myself wondering why any self respecting person would want to attach themselves to a stack of cards like this operation. at some point in the future qtk management and staff might be looking for another job, or trying to attract people into a new business venture and their past association with qtk is not going read well on their resume.

reputable company's keep their shareholders informed even when bad news happens. at least then people can go to bed at night knowing why there is/was a problem! look at ddt, they got shafted by the chinese but disclosed the problems in a professional manner to the asx.

too anyone unfortunate enough to be left holding this dog my most sincere sympathies and i hope you have a good xmas.