is there a worse story amongst asx stocks?
a $380 million contract announced within weeks of qtk relisting under new management in late 2005 that fails to deliver 1 cent.
shareholders finding out that their ceo was facing criminal charges via a rumour on hotcopper..
a placement to thorneys at 35cps that was later reneged on.
mp promising to take thorneys shares only to amazingly be voted against...
the launch of a home security product that was supposed to take australia by storm because existing alarms can be blocked by a "scrambler", a claim ridiculed by every security company i bothered checking with - chubbs, wormalds etc...
china mach 2 tried again with south africa but this time investors were a little wiser. like china south africa does not seem to have got off the ground.
surely there is no story comparable to this debacle from any other company listed on asx. how can asic/asx let this kind of thing occur?
QTK
quiktrak networks limited
