QTK do not owe Bell potter a cent, Bell potter merely placed on behalf of QTK to those investors, whom are at todays price clearly out of the money on two counts, As QTK at this stage has no money to pay out their notes, and the share price needs to be at least 11 cents to break even.
So Come september those investors will have to accept shares in QTK say at todays price of 3 cents, of which means an addittional 183.33 Million Shares on the register.
Or if they are lucky QTK will need to be at least 11 cents or above so that they can sell their shares, if they do not want to hold on to them.
QTK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
