is south africa worth 50 million this year, page-5

1 year and 9 months ago QTK announced a company making contract worth up to $380 million US dollars over 5 years. Shortly after they announced another contract in China (the Hubei Province) which quoted Dr Undies as saying in the press would probably be worth a similar amount as the first contract win. When i asked MP about the reliability of the Chinese contract he said something like "there is a saying that you rarely get your last payment out of China". Well in QTK's case it looks like they wont even receive their "first payment out of China".

How angry shareholders have not fronted ASIC demanding an explanation of what is going on in the wake of a floundering shareprice over the past 18 months is beyond me. I tried independantly but ASIC were not interested and basically said it was "buyer beware". But then again, if ASIC were to investigate and it was exposed that there is no Chinese contract anymore what would that do to the shareprice?

Any QTK shareholder that is interested in approaching ASIC or a lawyer to investigate the possibility of a breach in disclosure rules please feel welcome to contact me. More and more people are becoming adament that the Chinese contract has fallen through long ago, i have even heard through the grape vine that QTK have been asked to dismantle their towers around Beijing. So where exactly do shareholders stand and how long will it be before they find out once and for all? Aside from smuggles not many average joe bloggs that have been mauled as severely as me by this rabid dog.

Everybody that bought off the Chinese contract win announcement deserves to know what happened and when! In light of the declining shareprice it appears obvious that the problems began occurring quite a long time ago and are not anything new.