The report also state that China Alarm Holding has accepted to...

The report also state that China Alarm Holding has accepted to open an irrevocable letter of credit to pay for transponder. Does this mean anything ?? Or maybe it makes clear that payment are secured ?
Also to be considered that in Bejing alone 1000 new cars are registered daily and if it is mandatory to have security system included should be another great point.
In conclusion is a matter of fact that beside the Israely company that made an announcement to have signed a contract for supply of security system for a very small percentage of China market no one else in addition to QTK has made such a statement and we all know that China has granted contract of this kind therefore it is fair to think that what announced by QTK has a fundamental of truth regardless what downramper are posting. We just have to sit and wait ignoring the bitterness of people that lost lots of money due to their ignorance.