Read the announcements and you'll find the answersQUOTE"In light...

Read the announcements and you'll find the answers
QUOTE
"In light of the ongoing cash requirements in respect of its Australian subsidiary, Multitrak Pty Ltd, and the huge growth potential overseas for the company, particularly in South Africa, the Board has decided to focus on its international opportunities and to divest itself of Multitrak Pty Ltd. This will remove the large and ongoing cash requirements demanded by further research and development and enable QuikTrak to move towards profitability in the near future by fully commercialising its 3G technology."

"To facilitate an orderly sale of the business, the Director of Multi-Trak has appointed Messrs Neil Cussen and Paul Watson, of Deloitte Touche Tomatsu, as Joint Administrators of Multi-Trak to oversee such sale. As the only expression of interest in the acquisition of Multi-Trak to date has emanated from a “related party”, the Directors felt that the appointment of Administrators to Multi-Trak for this purpose was beneficial both in terms of transparency, timing and the best interests of the business of the respective companies."

If you phone Deloitte's you'll find Multi-trak is already sold.

The Australian operation of monitoring was already on the chopping block and was to be offloaded to Signature Security Group.

QUOTE
"Quiktrak entered into an agreement with Signature Security Group (“Signature”), one of Australia’s largest security providers, to enable Signature to market and distribute QuikTrak’s complete range of security solutions for static and mobile asset monitoring, location and recovery."

ASK Deloitte's, this is being done.

Strat, did you do your research in South Africa as I suggested? I'm pleased to see that one HC poster ie. hux105 did some research, and they helped to confirm what I already thought. That is why I suggested it, I wanted to see if someone else came to the same conclusion as me.
So I'm feeling very confident now.

Just one thing more.
How much do you know about Mark Pallister?
Besides the car he drives?
I've found out a lot more than all the garbage that is posted here.
He'll have the last laugh. I can tell you that.