Value of $1,000 invested 1 year ago: $153Thats right. Not sure...

Value of $1,000 invested 1 year ago: $153

Thats right. Not sure if you would still call that an investment then or just flushing money down the toilet in my opinion.

Hurry...last day for the rights issue is tomorrow....Thurs 27th March.


Nice writeup here.



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Source: News Bites


QuikTrak Networks Ltd will seek $3 million in a 1 for 3 fully underwritten non-renounceable rights issue at 2.2c per share, an 8% discount to the VWAP over the seven days to March 12.

Ex date is March 27.

Mark Pallister the CEO and a substantial shareholder with 27.42% of the company will take up his full entitlement.

QuikTrak South Africa (Pty) Ltd (an unrelated company) a licensee of QuikTrak which was entitled to acquire the entire network being deployed in South Africa, has agreed to forego its rights under the licence agreement to instead take up an equity stake in QuikTrak.

The licensee will fully underwrite the rights issue, and will be paid a 5% fee.

STOCK DASHBOARD: March 14, 2008

Quiktrak Networks

Price at 10:20 am: 2.30c

Price change from previous trading day: 4.6%

Relative Strength (6 months percentile rank): 9.0

Market capitalisation: $9.1 million

Turnover volume: 566,000.0

Volume Index (1 is average): 1.4

Turnover value: $12,998

Turnover period: 3 years 9 months

Value of $1,000 invested 1 year ago: $153

http://www.businessspectator.com.au/bs.nsf/Article/QuikTrak-seeks-3m-CQ7YL?OpenDocument