If you Google QTK and China together....all you find is the supposed 380 million dollar contract with China.
2 years after the company releasing this, we hear nothing about the progress of this job and we also see no money from the company.
The QTK SP continues to fall each week with a new low of 5.5 cents this week and a close today of 5.9 cents. $10,300 worth of shares were traded today.
What does this tell you about what the market thinks of Quiktrak?
I don’t even need to fill in the gaps.
The only mention QTK and China in the same sentence I had not seen before is a report from a Chinese human rights website that thought QTK also had a $380 million dollar contract.
Well what can we say quiktrak?
Seriously.....what more can us...the whole market say to you but you really have blown it in our eyes.
Things are now so bad that QTK had to recently raise money to stay afloat. Its was under subscribed so much that an ex director had to cough up over 1 million dollars and add to his 153 million QTK shares just to get the other 2 million dollars to stay afloat.
Seriously....things just keep getting worse for this company.
I don’t know how much longer they will be around on the asx or as a company....IMHO of course.
QTK Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
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