re: pallister sells more than 30 million shares well Brad.....i said the other day you had your "left" part of your brain removed....it appears you went out yesterday and got the "right" side removed.
It is the only explaination for such a stupid comment.
BUT.....but just for you and i want you to get someone to read this to you.
1.....Pallister sold 30m shares OFF market to Blazzed (his mates) for $2m
with me so far?
whose names appear on the notice.
those shares are restricted not only by secondary sale provisions but by the escrow (nine months)which remains in affect over them.
2....Mobilarm Group.......YES group....has the RIGHT to buy 20 million of those shares back for $2m
are you still with me Brad?
which means Blazzed have bought 10m shares for 2m or if you like 20c per share.
with me still?
3...Mobilarm Group sold just on 3m shares to raise $1.2m
and Mobilarm will buy 20m back from Blazzed....nett affect is Mobilarm Group end up with 17m more shares.....
are you still with me Brad?
4....The money and share transfers and options is subject to Pallister buying 11.4m shares at 35c from Thorney.
and Pallister has nine months to buy back 20m of his 30m shares.
Nett affect......Pallister ends up with exactly the same amount of shares.
I know its difficult Brad....but sometimes.......just sometimes...people have to sell an asset to raise money.
Pallister has raised the $4m to buy Thorney out.
Plain and simple.
I know...its not what you wanted to hear and there goes another lie.......
But Brad......they are the facts.
and the facts remain.
1....Pallister has bought Thorney out at 35c
2....The Chinese have invested $4m
3....QTK have secured one more contrcat worth at least $380m USD
4.....QTK have secured a second network in Beijing......what this is worth is now a guess.
5.....QTK have secured use of the PRC Military network
6.....QTK have more cash now then ever
So......its business as usual.
Now Brad...i hope you are wearing a helmet!!!!!!
Poor bugger....two posts from you on the day you had the rest of your brain removed.
and they say you should never say,sign or do anythying after an operation.
LOL
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