egm results....., page-2

###Simply speaking he already has enormous exposure to the company###

Judge, not having a go at you but you should read the following, Pallisters total investment was $2 million, and he has already sold around $6 million worth.
Put simply he has no exposure.
Be careful mate.
-------------------
On the 3rd of June 2004 QTK shares were consolidated 100-1 leaving 23.6 million shares on the register.
Pallister started looking at buying the assets.

On the 25th of July 2005 Mark Pallister bought QTK for $350k and was issued 45 million shares at 7.7c each, taking the register to 68 million.

On the 26th of July 2005 a further 255 million shares were issued to the value 10c (no capital was raised), which took the total number of shares to 323 million on the register.

On the 1st of August (post dated from 27th of July 2005) Mobilarm takes possession 21million shares, Pallister takes possession of a further 107,846,666 shares and cutler holdings takes possession of 15 million shares………….all of the companies are owned by Pallister.
Pallisters non-consolidated holdings is now 167,846,666 =51.86% of Quiktrak.

On the 8th of August Pallister announces that he has consolidated his holdings for the total investment of $2 million . The share register has now grown to 343 million shares and Pallister owns 167 million of them for the total cost of $2 million. Pallister is holding a total of 167,846,666 for the average cost of 12c.
-----------------------------