Looks like Penny King Holdings is waiting for the court to grant a default judgement against it by the SEC after which it plans to go after Quintek to recover its losses and legal fees in the case. I don't think Quintek can handle or defend an $8 million suit from PKH for screwing up that Hungarian deal. I doubt they could even come up with $80,000 to indemnify PKH for its defense expenses as was stated in previous agreements by and between Tom Sims and PKH. What do you think? I wouldn't know why management pays so much for IR, I think they are planning on increasing the number of shares and diluting existing stockholders just like EKnowledge did. I think QTEK is heading for a rude awakening! The Penny King is not at all happy with QTEK at this point. Especially since Sims and Saunders became turncoats.
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