skip google and mark pallister..some questions

Skip Google and Mark Pallister

Since you now represent the new voice on Quiktrak and on this forum and brought up those points...lets discuss them.

Here they are:

1. Part sale of AUS opps and $ received
2. Money received from ADT/Tyco (Blue chip Dow Jones listed company) for initial first order worth approx 1m AUS
3. Licensee details of the network deployed in South Africa
4. Additional commercial advancements re: South Africa
5. Commercial advancements ATM
6. Is China lost?


1. Part sale of AUS opps and $ received

So what % of the Aus opps have been or will be sold and for how much? How do you know this as the rest of the market does not have this information?


2. Money received from ADT/Tyco (Blue chip Dow Jones listed company) for initial first order worth approx 1m AUS

Quiktrak previously stated they would sell a minimum 100,000 transponders to China. None of this eventuated. Now they say they will sell $1 million worth to TYCO / ADT.

How much credibility do you personally (and MP if you are in touch with him) believe the investment community has on the words that Quiktrak puts in their ASX releases when 95% of everything they have said in the last 2 years has never happened.

On this point...you must understand that 99% of investors who know of quiktrak would most probably not believe a word Quiktrak has stated in regard to making money in South Africa.


3. Licensee details of the network deployed in South Africa

Skip / MP, how much is this worth in profit to Quiktrak per annum? Words are great but since Quiktrak has never delivered on any of their words, you will understand again that your words or those originating from a company who has failed the market at every possible opportunity of succeeding...that words mean nothing in general, results, money / profit...thats what has meaning.

And on that note...has Quiktrak ever made any profit in any quarter since Mark Pallister has brought them out of administration?


4. Additional commercial advancements re: South Africa

And what may this be Skip / MP. What other white rabbits are coming out of that bag of tricks?

Most tricks have been used. All failed. Do you know more information than the market does?

Please share.


5. Commercial advancements ATM

Another play on words. ATM machines hey. We went over this in some announcement QTK made which also was majorly ramped by QTK believers at the time.

Quiktrak has made no suggestion to the market of making money in this area.

So another point of yours which holds no value to the investment community....simply a line of words to fill out your points to Number 6.

So here we go.

6. Is China lost?

Skip....do you read announcements that Quiktrak deliver to the market through the ASX?

On page 26 of the announcement made on October 26th at 5.38pm, Quiktrak stated a minimum of 4 times that the china project has not eventuated.

In fact, Quiktrak didn’t get paid 1 cent for all their initial work and shareholder funded money chasing exercise in China.

The loss is massive.

See below.

"(1) Development costs
The carrying value of each individual development project was assessed for impairment. During this review it was noted that there have been delays with the commercial negotiations in respect of the
China development project. Whilst the consolidated entity is endeavouring to resolve these delays to ensure maximum benefit for the consolidated entity, the Directors have taken the view that this
development project should be valued at the fair value (less costs to sell) of any equipment still in China at the end of the financial year. As a result, an impairment loss of $634,821 has been recognised."


So Skip Google and Mark Pallister obviously you see, I, the market, investors, finds, insto's and probably 99.9% of people with money will not go near this company called Quiktrak.

How you do suppose the company goes ahead?

Give the forum and the market some numbers? Whats your next quarterly looking like?

Since Mark Pallister is now funding Quiktrak....how much longer is he prepared to prop up the company since it goes backwards every quarter in terms of real money being made versus the greater amount which is what they are spending?

Two final questions for you guys:

Do you really believe Quiktrak has a chance of ever gaining the markets confidence back?

I ask this because in my opinion and many others I talk to, we view Quiktrak as being now on its last legs and maybe a good analogy is like a cornered rat....out of options and no where to go.

Will they fight going down?

My final question.

Will Dr Unterwager be staying at Quiktrak much longer?

I ask this as the CEO Mr Matthews resigned after a little over 6 months in the job with Quiktrak.

What was it at Quiktrak that made him want to resign and not be a part of the Quiktrak show?

Is the plan that Dr Unterwager will not be at Quiktrak soon and that Quiktrak will finally be 100% in the control of Mark Pallister?