i must be the only one, page-9

smuggler,

despite the clashes we have had on here IF QTK ever turn around and become a success i will have no problem congractulating you.

my problem is that over a lengthy period of time i have come to the conclusion that you are not being sincere in your postings.

qtk hit another record low yesterday, nobody believes that the chinese contract still holds, there are no guarantees that south africa will be any different, significant expenditure will be needed to set up exansion plans in india, malaysia, thailand etc, and qtk have no way of funding such an expansion apart from further dilution of stock, or debt.

as it is they have more than twice the amount of debt hanging over their head to the bell potter noteholders than cash in the bank. repaying the bell potter noteholders will become a serious issue for qtk over the next 12 months.

the australian operations are only just cash flow positive. i just cannot see how they are going to pull a rabbit out of the hat. china was the key and all indicators are that something has gone wrong with the chinese contract. in fact over the past 15 or so months qtk have said very little on china which makes me think that things went wrong a considerable time ago...

but as i say, IF they come good - good on you.