Good point Texas.
However I dont think Pallister has the staying power to hang around and watch the beloved QTK fall to 0.001.
I personally think it will go into administration....or back home again...where he pulled it out of and gave the market fancy $1 billion dollar China projects...now South Africa.
Oh its all happening in the minds of the Quiktrak masterminds.
Now with Quiktrak attempting ANOTHER capaital raising....for $3 million dollars...a big quesiton needs to be asked here.
"Will this $3 million be used to repay Pallister the money he loaned to Quiktrak to survive"?
Because if it is....he loaned 2 million to QTK which is almost gone.
That leaves 1 million and we have seen the rate at which Quiktrak burns money.
What we they do when they use this last $1 million back up?
Also....why can we buy QTK shares on market cheaper then this great new 1 for 3 Renouncable rights offer?
I think someone forgot to prop the QTK share price up while people are considering if 1 for 3 @ 2.2 cents is a good deal.
QTK
quiktrak networks limited
