Rifici,Re your comment..."It is clear that QTK can't afford to...

Rifici,

Re your comment...
"It is clear that QTK can't afford to pay the interest so are now negotiating. If the note holders don't compromise, QTK will be insolvent."

Are you suggesting that the 2.16 mill rimtalay's post argues is available (as noted in the last report) is no longer available???

"Yes, QTK has $43,000 in the bank.
BUT, QTK has unused loan facilities of $2.16 million
FROM THE July Quarterly Report
"As at the end of the quarter the company had $ 43,000 cash at bank and unused loan facilities of $2,162,000."
Rimtalay post 13.08.08

Interesting indeed!