re: is qtk headed for $1?
Its interesting to see some comments about China...
and even some comments about the QTK contract in China.......as if these people have some intimate knowledge about the contract itself.
QTK are building a DSS network in China for the PRC.
and FOR the Olympic games of 2008.
Of course QTK at some point have to demonstrate revenues from this deal......however.......the transponders (the first 100k) are being manufactured now and are being delivered.
Hard to see revenues yet as the product rollout will be shown up as reveneus in the last 6 months of this financial year.
and will gain momentum in outward years.
its hard to be critical of anything QTK have done to date........for all intents and purposes there is nothing to measure success or failure against.
IF....QTK do not show reveneus for this half year from China...then its a dud.
But to foretell its a dud without seeing any evidence is a little.....well......stupid.
Its a 25c share.......NOT....$2.50
It has revenues as of last quarter of nearly $1m....up nearly 50% on the previous quarter.
and this is with NO China income.
so obviously something is happening.
and the Beijing Network is being built with QTK money which QTK will own.
On top of owning its own Australian network.
which i might add the old QTK spent $130m on developing.
The facts remian as they were prior to Xmas.....QTK have a deal with Beijing worth USD $380m
Until we see otherwise...it remains a fact.
QTK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
