i really dont know kelly. how can anyone put a fair value on qtk with the present evidence?
if the contract/s with china is legit it should be worth over $1 per share, but if not then it probably doesnt warrant the current market cap of 50 million odd.
pallister bought it for a few mill, spent another few mill on it, and it now has less than 1 mill in cash. aussie revenues appear to be a pittance, one could make a case for it being worth 3-4c or $1+.
its the most insane situation i have ever witnessed in my experience with the markets and the most frustrating when i was holding. these guys have displayed total inconsideration towards the little guys/girls that bought in good faith on the ramp pallister put out when it relisted.
it caused me lots of sleepless nights and im sure others are in the same boat. how could anyone buy it given the history? you have to take it on trust and how can you trust these guys given the appalling disclosure thus far.
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QTK
quiktrak networks limited
i really dont know kelly. how can anyone put a fair value on qtk...
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