Yeah Stratthis is seriously scary. No matter who took up the...

Yeah Strat

this is seriously scary. No matter who took up the mere 7% and I assume its probably someone linked to MP like Peter Ritchie who is Quiktrak South Africa....a supposed non related party to Quiktrak Australia (just happens to be a similar company name out of all the billions of company;s out there in the world).....the real picture now is that Pallister again did not get his way imo.

He is now holding more QTK then ever.....increasing his investment in what almost all of us know is a company going no where but administration imo.

He had to try though....it was a feeble attempt and beyond a poor result...but based on Quiktrak's record of doing everything wrong and never getting any success...what did he expect imo?

So where to now from Quiktrak?

Pallister just loaned QTK $2 million from his own money.

He just tried to raise $3 million for working capital and to fund the so called potential success in South Africa.

I can only assume he wanted many to subscribe so he would get that $2 million back of his personal cash which he loaned QTK to prop them up imo.

Now Mark Pallister and Quiktrak South Africa (Peter Ritchie) are the major QTK shareholders.

I hope Pter Ritchie is aware of what he is getting himself into?

When does QTK expect to actually make real money instead of continually turning to the market to ask for more money? Or to Bell Potters where $6 million is due to be repaid quite soon.

With Mark Pallister and Quiktrak South Africa holding so many QTK shares and those shares being less than 2 cents on the market with an average daily turnover of like $500 if that....how do they ever hope to make money from their shares.

The company does not make any profit as we have see in every quarter since Pallister brought them out of administration.

Every project QTK undertakes end in a loss and QTK turns around and ask for more money from the public for some other project in another country.

Now the public is aware of Quiktrak and hardly anyone is giving them money.

Unless Quiktrak is able to make real money....the real way.....ie: do some work....get paid for it...make more then you spend....then its GOODBYE QUIKTRAK imo.

Keep watching as from here....things should be more rapid.

Quiktrak is running out of money. No one will give them more. Pallister has had to resort to putting his own personal money to prop up the company. The company is not making any profit. Debts are due to be repaid like $6 million bucks to Bell Potter for 'convertible notes' money raising QTK did a while back.

How can they repay these debts if they have no money, dont make money and no one else will give them money?

Tick tock....time is almost up on Pallisters QTK project imo.

Might be time to look into a new business, get it listed on the ASX and start the whole process again. S website business maybe?

A name change at the birth deaths and marriages may be a wise move though for Pallister imo.