trade and other receivables, page-23

re: question over invoicing yes. i think the $45 probably represents fair value. multiply that by the 3.5 million transponders for beijing (or however many qtk actually get installed) and you will get an idea of the earnings potential of that one contract alone.

of course, the snag is that the market are not convinced that qtk are going to be able to deliver. sadly the market needs to see evidence that qtk is making solid progress before there will be a significant re rating in its shareprice in my opinion.

sadly for me because im left holding a bundle. however, give them time and i believe they will prove they are on top of the job.