BQT Solutions--BQT

[davidrob]

Alert.
ASX announced today that (1) Managing Director--John Genner purchased 400,000 ordinary shares in BQT Solutions Ltd today--that's $142, 500
(2) ASX announced that Michael Nissen bght 450,000 shares today.--that is $160, 753

(3) Further scratching around tells me that these two directors have just returned from DUBAI in the Middle East...maybe a new Contract/alliance is not too far away--certainly within next 30 Days.
(4) Maybe also a major announcement for this bio-recognition technology on the cards coming out of the U.K. coming out in next 2-3 weeks from various third party sources.. Please note I cannot vouch for the contracts..repeat CANNOT--but these two gents were just O/Seas. did buy the Shares today and also:

(a) Look at Current Price Point as an excellent entry Point
(B) Look at Volumes coming into BQT this last 3-4 Days

Personally think 55 cents is very achievable in next 45 days quite easilly. Over a Dollar easy by Christmas is my personal prediction.

The above is NOT a recommendation or advice.. and yes I do own BQT, and please do your own homework and research and assessment. Just my personal thoughts, investigations and observations.
But yes, I am quite okay with the current price and opportunity that BQT represents.
Also, I understand Profit Margins, on-going service agreements, sales and distribution channels all pass mustard very nicely with BQT. Any other thoughts out there re. BQT ??
Anyone else noticing/seeing what I'm seeing.
These similar thoughts and comments(among others pertinent to OTI and ATR(both also very nice price rises today...hmmmm); appear also on my latest Contribution to OTI thread.
Cheers everyone,
davidrob

[davidrob]

davidrob Price moved up Today over 8% before settling down again to a dtad over open on a day when ASX was down around 50 basis points.
Still like this stock a real lot[^]
quote:Originally posted by davidrob

Alert.
ASX announced today that (1) Managing Director--John Genner purchased 400,000 ordinary shares in BQT Solutions Ltd today--that's $142, 500
(2) ASX announced that Michael Nissen bght 450,000 shares today.--that is $160, 753

(3) Further scratching around tells me that these two directors have just returned from DUBAI in the Middle East...maybe a new Contract/alliance is not too far away--certainly within next 30 Days.
(4) Maybe also a major announcement for this bio-recognition technology on the cards coming out of the U.K. coming out in next 2-3 weeks from various third party sources.. Please note I cannot vouch for the contracts..repeat CANNOT--but these two gents were just O/Seas. did buy the Shares today and also:

(a) Look at Current Price Point as an excellent entry Point
(B) Look at Volumes coming into BQT this last 3-4 Days

Personally think 55 cents is very achievable in next 45 days quite easilly. Over a Dollar easy by Christmas is my personal prediction.

The above is NOT a recommendation or advice.. and yes I do own BQT, and please do your own homework and research and assessment. Just my personal thoughts, investigations and observations.
But yes, I am quite okay with the current price and opportunity that BQT represents.
Also, I understand Profit Margins, on-going service agreements, sales and distribution channels all pass mustard very nicely with BQT. Any other thoughts out there re. BQT ??
Anyone else noticing/seeing what I'm seeing.
These similar thoughts and comments(among others pertinent to OTI and ATR(both also very nice price rises today...hmmmm); appear also on my latest Contribution to OTI thread.
Cheers everyone,
davidrob

[David Hardman]

David

The director and CEO John Genner continues to buy the stock.

He has picked up another 200,000 - $68,000

Something must be up

I bought a sneaky $5k worth this morning

[David Hardman]

David

Great run up in the shareprice today.

Cashflow statement for the qtr was released after market close.

They sure are burning through the cash. Looks like they may have to issue some more stock or convert some more options soon.

Or.... Maybe win some more contracts and get the revenue up.

Whatever the case obviously the CEO is positive he can do this otherwise he would of not put in his own cash over the last week.

[davidrob]

Hope everyone who read my posting got on Board at .35 cents when suggested. If not thats still cool.[8D] By the way there was not ONE, But TWO Directors on the first day of Director Buying and of course, a further significant BUY today.30/4/04

NB; It WAS interesting that on the ASX announcements BQT did not simply post the Usually required Director Purchase announcement as required under ASX mandate. No. On both occasions, for those who were observant; it was followed by a BQT letter-Head reitereating these Purchases. It was as though John Genner(Managing Director);:) was trying to send a very clear signal.
My thoughts on impending major New Deals--Announcements...Well I have done as much rusting around as possible. And it does seem that some of the Share Buying was coming out of the United Kingdom AND Dubai--where the Two directors have recently just returned from.. Not that one would suppose; the perhaps New Clients?? to be announced(if they do indeed exist...I mean theres a lot of hypothesizing here... would want to buy shares in BQT--BEFORE the announcement.Perhaps the large buying by Director/s; and their coming back from overseas was coincidental[:0]
My Guess....and its only a guess and NOT a Recommendation; is that Traders will take this Stock very North Indeed---then the announcement will be delayed a week or so--taking some of the inital puff out of the sails--and then there will be ONE--or maybe even TWO Major Announcements--from differeent parts of Globe. My Target(Guess):... is at least 59 Cents, if not slightly higher...within 4-7 weeks or so...and I'd hope to See a $1.10-$1.30 conservatively by Christmas. This is my opinion only; and certainly Not a recommendation!!
However,...IMO-- this is much much more than just a silly speculative play...and although NOT able to be based on Historical financial Fundamentals:... BQT, do at least have Very Real Products In the Market Place,current rapidly improving revenue streams with Real Existing Contracts...and importantly excellent sources of Repeat Service Contract Revenue; to go with many of their proprietary and exclusive Bio-Recognition(fingerpring and eye-[iress]...) Security Software Based Systems.
I think (my opinion only)...they will Raise Earning Guidance to the Market rather than disappoint, and that this earning will quickly find its way to the Bottom Line in the Form of EBIT profits.
Welcome any feedbank ShareTrader subscibers,
Cheers for Now, and Good Investing,
Regards,
davidrob (Robb)

[davidrob]

Anyone else apart from me and the other Dave watching BQT?? Announcements normally follow such significant Director Buying in of Stock on two diff occassions--directors times 2 .
Anymore ideas/infor/punters re.BQT out there in ShareTrader Land??
Cheers,
davidrob

[skinny]

Davidrob - littletee could learn a thing or two from you ;)
You've had me itching to buy a few times and would have if my funds had not got stuck somewhere in the ether between Europe and NZ.

Cheers :D

[skinny]

davidrob - went through all the BQT info on its web-site last night. To me its a very interesting speculative buy but as with all such investments quite risky ! On the positive side they are in perhaps *the* hottest sector at the moment in world markets, i.e. biometrics and security. There has been spectacular rises (and falls) in this sector in US markets so you could really be onto a winner. The sales contracts announced in March from the middle-east of $4 million plus is a very promising start to the year with their re-configured businesses given 2003 sales revenue was only around 1/2 that figure.

On the other hand as you say they are burning through cash like there is no tommorrow as they really go after marketing their products in world markets. Not a problem if they get more sales like the Middle-east one ! What is of more concern to me is margins, the uniquness of their product range, and their intellectual property rights.

On margins I have no idea on what they are given the short operating history - do you have any idea here, perhaps from their competitors ? I will certainly look into this in any case.

Second, although BQT say they offer the "best in the world" in several of their product lines, including biometrics, it was unclear to me whether this was something that could be expected to be maintained. I found the discussion on their intellectual property rights and patents presented in the investor relations sector of their web-site a bit vague to form an opinion on this. Certainly on their balance sheet they carry the rights as a VERY large good will assets, which they depreciate over 10 years as they expect this is a reasonable asset life of the rights. BUT the auditors in the 2003 annual report put a huge caveat to this saying there was no way they could verify the ammount of goodwill claimed. As in any high-tech business maintaining an intellectual/technological edge over competitors is crucial for whether it is a good investment over the longer-haul. Any clarification you could bring to this issue would be much appreciated !

[David Hardman]

Chairman converted his options. Another 125k of insiders money entering the company.

3 people from the BQT board have bought stock over the last month.

Also Michael Clarke (not sure how he is connected) bought 5% of the company recently.

The accumulation by insiders continues.

David

[David Hardman]

Interesting announcements out today.

On first glance it looked like a director (Ian Murray) offloaed 1.8m shares. However it appears that his interest in these shares was indirect and only because he was an adviser to Osbourne Investments. He has now resigned this post (as adviser) and therefore no longer has an interest. The shares have not actually been sold on the market.

Is this how everyone else reads it?

Also announced today is that the new Substantial Shareholder Warrake P/l has reduced its position ever so slightly (after loading up over the last few weeks). Maybe his initial statement lodged last week was incorrect. Hard to tell given the PDF announcement is so bloody hard to read!

....

I get the feeling BQT are going to have to raise some cash real soon. They will be out of money by the end of the Qtr.

Nervously holding and ready to pull the trigger on my stop loss.

David

[skinny]

Thanks for the info. I held off on getting into this because of the cash burn and margins issue which I still have not figured out. The market really seems to hate being asked for extra cash at the moment [xx(] Also, as posted above, not sure whether it is a good hold long-term in the tech stakes. Davidrob/David H do you have any answers to this and are you still holding now you've seen the OTI promise first hand !!!

[davidrob]

G'day David and Skinny. Yeah, I'll admit. I think a fit of irrational exuberance must have snuck in; under the radar,when I bght BQT. What was I thinking? I took Stop Losses only the other day, when I say one of the directors sell down, but what did it for me was the ASX Querry, basically giving them a Bluey for ostensibly flying close to the wind to RUNNINING OUT OF CASH. You see, this is why someone like Dimebag and cantab et al will ALWAYS make more $$M oney$$--than yours truly old Robbo over here, because the Poetical Heart in me sometimes rules over the Brain!!!
OUCH!! Well we'll put BQT down to some more painful experience and be reminded NOT to buy Blue Sky on the basis of Lumpy Contractural Income at Best, and instead stick to Investments where Profitable Revenue is historically proven and has every likelihood of continuing to be a reliable future river of high margin, non-seasonable flow of compounding future earnings on a low and manageable fixed Cost Base, preferably in a Niche which is Very Hard for others to Break into.
Seriously, Skinny and David, I really DO wonder, Why the F#@*&%#@#; I ever touched BQT, it goes against ALL my principles.
So having sold out, I DID indeed Buy Back into MORE OTI at 15 cents---and yes I did grab some lovely little fillets of EMI(Emitich)at 10 cents and 10.5 Cents respectively.
I am soothing my Guilty Conscience over the BQT fiasco as I write this posting, BECAUSE; Aunty ASX Announcements; has just sung out that an EMI Director; concurs with my opinion, that at 10-11(or dare I even say 12.5 cents) EMI are an absolute steal.
And unlike BQT, I will Not regret EMI bec, they are in Profit and meet many of my Buffetesque criteria. Buffett is actualy quite a big fan of Ad Agencies--they are in in opinion a Toll Bridge of sorts and Emitch fulfills many of the Buffet Investment critria; except they don't yet have the long years of EPS growth, he would ideally like....
cheers,
davidrob
One of those a
quote:Originally posted by skinny

Thanks for the info. I held off on getting into this because of the cash burn and margins issue which I still have not figured out. The market really seems to hate being asked for extra cash at the moment [xx(] Also, as posted above, not sure whether it is a good hold long-term in the tech stakes. Davidrob/David H do you have any answers to this and are you still holding now you've seen the OTI promise first hand !!!

[David Hardman]

I got out of my small 5k holding at 35/34.5 today.

Got in at 38

Onwards and upwards.

Quite like EMI myself David. However I think they may also suffer lumpy contract income as well.

They got loads of spare cash in the bank. Wonder how they are going to spend it.

[thekiwi]

Been watching this one for a break above 36c and stay above.
Closed strongly, more due to a lack of sellers and buyers having to buy into the depth to get shares. Closed at 37.5.

Rumours are there are significant contracts to be announced in the near term ... and maybe this move, if it kicks in with volume today, will support this. Wait and see.

http://home.infobahn.co.nz/images/asx/bqt/20040811_daily.png

[Stock Man]

Yep - I have been (quietly) watching this also[:I]

[Stock Man]

I never did buy bqt, (thankfully) but have noticed that it's lost over 56% in the last 2 months. There appears to be no news....other than the bullish news and bqt announcements. Does anyone have any clues as to bqt recent re-rating?

[Stock Man]

Tracker.....for you:) The decline from sept was harsh. As I mentioned you would have lost close to 60% if you had purchased in teh first week of september and were still holding!

The 3 white soldiers on the 18th, 19th, 22nd nov were a good sign. I think we have seen distribution, a sharp decline, and accumulation take place.

[skinny]

I did DD on this a while ago and got scared by the cash outflows.
Nothing has changed and mgmt have a history of over promising.
I advise reading through the thread on sharescene to get a feel for all the drama on this one:

http://www.sharescene.com/index.php?showtopic=71&hl=bqt

Anyways, might be a good trade but v. tight stops, looks like quite a few have been burnt.

[Stock Man]

thx skinny. re your comment on stops - it looks to me like there is a very easy and simple place to put a stop now, that provides a great risk to reward scenario[:p]

[OneUp]

Davidrob I quite honestly did not see this thread, and I started one up of my own on BQT. I was just about to ask for your input on it, but now I see no need to ask - we're on the same wavelength :)

Due to my own laziness I will refrain from editing the below, which was to be the first post in the thread.

BQT Solutions (BQT)

First I will say this is a *highly speculative* investment opportunity – definitely not for widows or orphans.

In the company’s own words BQT Solutions is “a Global Leader in Mifare Contactless Smart Card Applications, Biometric Access Control, Personal Identification and Data Encryption technology. BQT is Australia’s leading Biometrics Company providing Smarter Security Today, with the most intelligent and innovative high security solutions to suit the strict requirements put on security protocols across the world.”

Yet for all those claims BQT made a $3m loss (before amortization) this past year on only $2m revenue. Usually I would think “just another hype machine that’s all talk and no money - next!” This does indeed appear to be the consensus of most traders and the shares have performed poorly this year and especially last month after a share placement. But BQT could be a rocket these next few months.

Why do I like it?

BQT appear to be finally commercializing their technology in a material way after years of marketing and R&D expenses.

From the Annual Report:
-------------------------------------------------------------------------------------------------------
Revenues
Sales Revenues increased compared to the previous shorter comparative period and overall margins have returned to target levels across the product range. During the year our business has focused on supplying high security products to Government, Defence Departments and Major Airports which take a long time to conclude.
The Company believes that the work undertaken over the past three years will [u]generate significant sales in the near term.</u>
-------------------------------------------------------------------------------------------------------

And from September 17:
-------------------------------------------------------------------------------------------------------
For the past two years BQT Solutions has worked with clients globally, on airport
security systems and [u]currently are in the final stages of securing an additional five international airports from the Middle East, USA and Australia</u> . BQT Solutions believes the work carried out by its offices in London, Los Angeles, Sydney, Shanghai and Chennai will result in many airports around the world using the BQT Solutions technology.
--------------------------------------------------------------------------------------------------------------

And finally from November 22 – just last Monday: ”Worlds first 3D Facial added to Biometric range of products”
-------------------------------------------------------------------------------------------------------
John Genner, Managing Director of BQT Solutions Limited (ASX Code: BQT), “To
continue to be a world leader in Contactless Smart Card Readers, Biometrics and
Encryption technology, BQT will be able to give its global clients additional Biometric security of 3D Facial. This is a major technology breakthrough.”
The BQT range of Biometrics will now include:
• Fingerprint Biometrics
• Iris Biometrics
• 3D Facial Biometrics
When the BQT Encryption devices are added, security of the very highest standard is available. Clients can have one or more Biometrics on the smart card, giving them far greater flexibility and security. The global acceptance of biometrics is now being achieved. Up until recently there was not a stable biometric technology in place. Acceptance has only recently been achieved.

Market Update
BQT is currently working on (many in final stage of conclusion) over 100 projects – world wide. We are finally seeing the security upgrades being specified and implemented around the world. The first to implement security upgrades is Government & Defe

[davidrob]

Hi One Up

Just watch HOW YOU BUY...& how LOW you can buy this BQT stock...will possibly make all the difference in this end on your Gross %age return...(hopefully profitably one...If the market gets a little fright you'll possibly pick a stock like BQT up for another 10-25 % cheaper than at current levels...so watch and be patient...and rem,eber stock investors axiom of "not not trying to catch a falling knife" [:0]:)[8D]

It is truly a Buyers Market at present and looking at Depth, I would Personally stay on side lines for a bit more; as Sellers outnumber Buyers 3 or 4 to 1....

Regards,
Robbo :)

[slam]

Agree this can be a jumpy one davidrob, but it can also move before you get a chance if you keep waiting for that little bit more of a %.
Take a look at what just happened as I typed this[8D];)
Cheers
Slam

[slam]

Also from a TA view
Nice Dbl bottom
Good Support just moved in.
Large bids, small asks.
and more[8D]

[davidrob]

What Can I Say ?? !! [B)][B)][B)][B)][B)][B)][8][8][B)][B)]

Regards,
Feeling sheepish --;);)[B)][:I][:I] Robbo

[OneUp]

Thanks Robbo, your advice is always welcome. You may well be right on BQT continuing to fall - it's pretty volatile. If the market decides it doesn't like this stock, there really is no bottom in the near term. So it's a high risk situation, and not one I would normally enter into (I'm keener on the Buffet or Lynch approach for the main part). It's only one share in a well diversified portfolio :)

[slam]

This is a very volatile stock OneUp as davidrob says, and as you can see by today’s fluctuations, it's a true spec stock atm
But if you have a trading strategy and stick to it, always run your stops;), BQT can give some great profits

If your into the Buffet or Lynch approach I am curious as to why you would look at this one in the first place[?]

Cheers
Slam

[OneUp]

Slam, I believe that there is information assymetry between those that run a company and external parties like me. Usually, I use insider buying as one tool to help identify a company worth further investigation. But in BQT that information assymetry is acute and traditional Lynch-style approaches meaningless, because it is yet to earn meaningful revenues or profits (and maybe it never will?). With a company in such a situation, I very rarely invest - far too much uncertainty. But the one thing that can persuade me is major insider buying. It's possible the insiders are all wrong, but I doubt it. Markets often have a very short term focus - BQT is draining cash, there may have been some delays in announcing contracts and traders have got itchy feet. But the Directors did not buy to make a quick 10-15% gain, they have invested their own hard earned money because, it would seem to me, they think BQT qill be successful in the medium to long term. This insider buying, coupled with the recent statements from the company, suggest to me that the next 6-12 months will be a very interesting time for BQT.

Oh and Robbo, thanks very much for your post re BQT on the SEN thread. I'm probably going to sit on my current holding for the time being until the company starts to come through with major contract wins, but if anyone else is interested in BQT then I'm sure it's good advice to take. I hope they were eating a homemade ham sandwhich and water for lunch rather than an eye fillet steak with the finest red wine.

PS: Robbo, thanks for your offer of a prayer for BQT in the SEN Forum. Seeing as the London execs are currently in the Middle East, perhaps directing it towards Allah would work a treat :D.

[slam]

Thanks for the reply OneUp, always good to here another point of view. I look at BQT as a trading share rather than investing, hence TA being my grounding rather than fundamentals in this case.
Hard to gauge if posters are Investing or Trading which means that some are coming at a share from a totally different angle at times.
With that in mind, the ask is back down to where we started at the beginning of this conversation and you may get your lower price. Meanwhile, I’m out with a profit and looking for a lower price as well for re-entry;)

Hope it goes well for you
Cheers
Slam

[slam]

some nice bids comming in again:)
another run on the boards maybe:)
Cheers
Slam

[OneUp]

Slam, did you see the announcement today?

Some interesting snippets:

"A major area of the BQT expertise is in the DESFire and TWIC Markets which is only now been established in the USA. BQT is a world leader within these areas and is working on a number of major USA Government projects which will see finality in the first half of 2005."

and:

"BQT’s business plan for the USA is on target."

[slam]

Hi Oneup
Yep sure did. Critical time for these guys, but looking Ok.

Cheers Slam

[davidrob]

BQT

Starting to wane on some Investors Patience as a bit of a GUNNA...

Today: David Hazzlehurst Trading Speculator & wekly article writer in the National Bulleting Magazine; has decided to DUMP BQY from his Nominal" portfolio...

Saw they've(BQT) started an American Office;

have not yet read the announcment but I trust this is Basically a Sales Channnel and Sales/Marketing driven Office and initiative: bec. what BQT needs above and beyond all else is Sales sales sales...

If I were them I would be co-licencing and co-branding and getting Wholesale and other alliances...being an OEM..they could do this..but they need to find a Co. wityh New Business Penetration Skills, experience and On The Ground Sales, Marketing and Tendering capacity...BQT needs to be "Virginized"--ie: mega branded by a Sales/Publicist genius...bec IMHO--this is what will "make or break BQT..."

Regards,
Robbo.:):)

[tracker]

hey robbo same as rac bqt had another thread just makes easier for all cpncerned and the whole site flows better (which is like THE beauty of this site)
tracker

[thekiwi]

quote:Originally posted by slam

Hi Oneup
Yep sure did. Critical time for these guys, but looking Ok.

Cheers Slam


25c is certainly looming as significant resistance. If we can get a close above that ... going to start to look quite rosy

http://home.infobahn.co.nz/images/asx/bqt/20050114_daily.png

[OneUp]

quote:Originally posted by davidrob

BQT

Starting to wane on some Investors Patience as a bit of a GUNNA...

Today: David Hazzlehurst Trading Speculator & wekly article writer in the National Bulleting Magazine; has decided to DUMP BQY from his Nominal" portfolio...



I think many investors are both jaded at Genner's optimism and impatient for BQT to deliver - hence the depressed share price. But I have a time horizon on BQT of 6-12 months, in which time they will either sink or swim. Seeing as two Directors have been buying up big since my initial purchase, I have a reasonable degree of confidence in the latter. Nonetheless, the supposedly imminent Middle Eastern defence contracts from November have failed to eventuate - as yet.

[OneUp]

TheKiwi, my sincere condolences on the untimely passing of your father.

[thekiwi]

quote:Originally posted by OneUp


quote:Originally posted by davidrob

BQT

Starting to wane on some Investors Patience as a bit of a GUNNA...

Today: David Hazzlehurst Trading Speculator & wekly article writer in the National Bulleting Magazine; has decided to DUMP BQY from his Nominal" portfolio...



I think many investors are both jaded at Genner's optimism and impatient for BQT to deliver - hence the depressed share price. But I have a time horizon on BQT of 6-12 months, in which time they will either sink or swim. Seeing as two Directors have been buying up big since my initial purchase, I have a reasonable degree of confidence in the latter. Nonetheless, the supposedly imminent Middle Eastern defence contracts from November have failed to eventuate - as yet.


Thanks OneUp.

BQT performing nicely today, as well as being above that crucial 25c area. Going to be interesting to see todays close and see if it can hold.

[OneUp]

Closed today at 27c. How do you interpret that, thekiwi? Seems pretty positive to me.

[OneUp]

I wrote this email to BQT....

---------------------------------------------------------------
To whom it may concearn,
I write regarding the market update of BQT on November
22 2004: "BQT is close to finalising Defence
contracts with the Middle East." So far - nearly 2
months later - these contracts have not materialised.

Are those negotiations still on track, or has BQT
failed to secure those contracts?

Regards
XXX
-----------------------------------------------------------

...This morning I got a reply from Genner:

-------------------------------------------------------------
No Change. On track.

Nothing more I can say.


Kind Regards,

John Genner
Managing Director
--------------------------------------------------------------

[Stock Man]

Cheers Oneup,

I viewed the close above .25 as positive.....as long as it is indeed a legitimate break. With the volume shown over the last 2 days, I think this level should now act as support.

I have now put my money where my mouth is, and purchased on the break. Plus with a reasonable stop that provides an excellent reward potential[^]

[thekiwi]

What I note is

* Since mid Oct. this stock hasnt been able to put on more than 3 days of higher hi's / higher lo's. You can even see this with yesterdays trading and whilst the close back at 27 could be quite bullish, its still shakey ground. BQT needs to put a string of ups together with a limited pull back

* Since mid Oct the stock has range traded between roughly 20 and 25c. Great if you feel comfortable with trading the swings, but could potentially result in a lost opportunity if/when this things decides to move.

* I bought in at 23/23.5 on the run back in Nov, but that move failed to break 25c.

* The last few days have seen some volume kicking in which we havent seen since Nov, and also a break above 25c. For those trading a breakout style this could have been a trigger to buy, depending on your plan and whether or not you wait for confirmation such as a retesting of support etc.

* Since the stock isnt trending at the moment, we use Momentun indicators. MACD gave a buy back on the 31 Dec area. RSI gave a BUY back on the 14 Oct with its move from below 70. Pretty gutsy of you used that one cool.gif You will note RSI is getting close to 70 and the possibility of an "over bought" situation occuring. This is common in a stock which has been consolidating for a period of time and will often signficy the beginning of a new trend.

* Personally, yesterday was good price action. The biggest plus was the testing of 25c and then the pushing back to 27c close. Shows at a psychological level that the players arent prepared, yet, to see it move backwards. The volume was reasonable, so we have fresh holders coming in at these prices to create some new support. 25c should be support and if broken, wont be good. For me I have next resistance at around 29c as this was a brief stalling point back at the end of Oct, as well as back in June.

* There are no key divergences occuring between price and indicators to suggest a reversal ... so all in all .. if we can just stay above 25c, all is looking good. Just need another dominant bullish candle to show this isn't a false start.

As long as BQT shows signs of continuing, Im going to hold. The red line in the chart is my trailing stop. YOu can see how close I got to exiting on 16th Dec .... Current stop is 24c.

http://home.infobahn.co.nz/images/asx/bqt/20050118_daily.png

[Stock Man]

Well summed up Craig. I also thought yesterdays candle was quite bearish....but will watch closely. I would also like to see more buyers (like on 14/1 and 17/1), but I detect hints of more accumulators than distibutors....

Time will tell eh:)

[Damo79]

Whoa! Anyone got any ideas why BQT just dropped 15% in about 2 minutes then bounced back a little. Talk about making me nervous. Just little bit volatile for my health.

[OneUp]

quote:Originally posted by Damo79

Whoa! Anyone got any ideas why BQT just dropped 15% in about 2 minutes then bounced back a little. Talk about making me nervous. Just little bit volatile for my health.


As it turns out there was a placement. And operating cashflows were also more negative than the previous quarter - but this money was spent on inventory (which is a good thing so long as the sales expected by the company materialise).

But overall, despite the recent share price reversal, the signs look positive to me:

(1) Comments by the company (as alluded to earlier) as to expectations this year
(2) Substantial insider buying over the last few months
(3) But the biggest giveaway is that the company has increased inventory levels in anticipation of increased future sales - in the near future. The company is gearing up for something...but what? Probably Genner's birthday party ;)

[Damo79]

My main worry is that the increasing inventory levels is an artifact of not being able to sell as much of the stuff as they expected. :(

Damo

Disc. Thinking of selling... hovering on 10% stop loss.

[Stock Man]

or.......maybe I'm wrong re bqt. My stop has not been hit, however, it appears that bears are in control.

[Damo79]

Another cool $70K on-market purchase by director Genner. I wish he'd share some of his inside information with us.....

Q. Is there good stuff in the pipeline, or does he have a sh%t load of money to throw around and is hoping to keep the price above the excise price of his options???

[thekiwi]

quote:Originally posted by Damo79

Another cool $70K on-market purchase by director Genner. I wish he'd share some of his inside information with us.....

Q. Is there good stuff in the pipeline, or does he have a sh%t load of money to throw around and is hoping to keep the price above the excise price of his options???


Well .... I hope he isn't borrowing to make his purchases :)

I think the official line from Genner and BQT is that they have primed and shared as much as they can with the market ... and now they just have to turn it all into some decent contracts. Must admit he is certailny following his words with his own money.....

[msgoldenhair]

will the recent announcements help this stock get over its resistance or does it need more substantative announcements

[OneUp]

BQT has been awarded the contract for the Palace of Westminster - seriously impressive stuff!

Westminster would rank among the top few reference sites in the world. The British Parliament is on the 'dream hit list' for Bin Laden and his ilk....and security firms trying to win the contracts to protect it. BQT must surely have the best security system available - the UK Government is not going to be penny pinching over a decision like this.

The profits won't necessarily come from this contract itself but in the company's ability to leverage off the fact it is providng security services to Westminster to win new contracts. The marketing value of this contract must be immense.

[tommy]

Why hasn't this stock picked up much? Great news following UK deal.
___________________

Announcement out today:

BQT wins contract to supply High Security
Solutions for the Green Community in Dubai.

John Genner, Managing Director of BQT Solutions Limited (ASX Code: BQT), is pleased to announce the supply of its High Security applications to the Green Community in Dubai, UAE.

The Green Community is a world class development and comprises:
- A Mediterranean style commercial and retail development, built around a central lake and c*****which will consist of 90,000 sq ft shopping mall and supermarket.
- A 135,000 sq ft Marriott Courtyard Hotel with boulevard restaurants and serviced apartments.
- Villas / Townhouses
- Office Buildings
- Garden Apartments

The Middle East is a major focus for BQT and we will be playing an integral role in providing security solutions for a range of world class developments that are currently being undertaken. This is another example of BQT�fs ability to provide the highest standard of security solutions for both small and large projects.

BQT is leading the way in the �gseamless�h integration of Contactless Smart Card Technology (Mifare, DESFire & TWIC) and Biometrics (Fingerprint, Iris & 3D Facial) which are encrypted using the highest encryption standards.

In 2005 we are seeing the rollout of projects, many of which have been worked on for over two years. At present large funding is now being released by governments to upgrade security across the board, for example in the Australian Government upgrading all Embassies and Consulates around the world.

Presently 60% of the projects being worked on are Government/Defence, 34% are commercial and 6% are specialised projects using the BQT Research and Development Laboratory.

BQT Solutions will play an important role in upgrading the highest level of security not only in Australia but around the world.

[tracker]

time will tell, but i am on for the ride if there is one lol
tracker

[thekiwi]

quote:Originally posted by tommy

Why hasn't this stock picked up much? Great news following UK deal.


Look at the volume that occured back in Sept/Oct last year. There must still be a lot of people still holding from back there ... and they are hurting. Any sign of them getting close to their money back will surely result in a sell. There is going to be a lot of selling pressure all the way through to 40c ... if it gets there.

The rumour mill is certainly working overtime on this one at the moment.... but last week or so has certainly been "interesting".

http://home.infobahn.co.nz/images/asx/bqt/20050222_daily.png

[Milton]

Watch for movement. I think something is up.

[tracker]

I gotta agree with you milton and all others, something is somewhat "brewing" here and the buying although not agressive or hugely substantial is none the less interesting to say the least
I like it, I am long, and at this stage am happy with what is forming over there
must admit wasnt overly happy to see it below 24 the last day or 2 BUT it has a decent "smell" to it atm, and I am watching very closely
trade well
and stops as always
tracker

[Damo79]

First buy of the morning was 100 000 shares at 25c. I see a good day ahead....

[Damo79]

Another ann. concerning more sales. I'm starting to get a little disenchanted with there reporting of everyone that takes up their product. No values are put on these contracts so it really doesn't help us estimate revenue. Is the contract with Darwin City Council worth 10 thousand dollars or a hundred thousand dollars?? Who knows. This company has a huge cash burn rate, so they really need some big revenues. From memory, I think they'd said there are something like 60 projects in the pipeline. I would really like to know the expected value of some of these projects.

"Darwin City Council is the first council in Australia to upgrade to world class standards by
employing the BQT High Security Solution and have set the benchmark for all councils around
Australia."

Damo

Disc. hold

[Stock Man]

Yes - and often ratios are meaningless for a co like bqt. Hint - Have a looksie at the number of insiders purchasing stock....that can often provide some insight.:)

[Milton]

BQT is one of my biggest holdings, I did ring John Genner and ask if he felt any risk with such a large holding. He let out a small chuckle and said he has full confidence in the future of the company.
In their previous ASX announcements they state that they have many contracts on the go, he stated that nothing all systems are go and that some of these contracts will be finalised before mis 2005.
It is all written in previous ASX announcements so I would go back and re read for piece of mind.

[Damo79]

Hi Milton

I agree there are big possibilities for this company (in a speculative sort of way). To clarify my concern though...

I worked at a casino for a while a couple of years back and they installed finger print readers for staff, just the sort of thing BQT is into. There were about 1000 staff, and the whole system was only about $80 000. This seems to be about the size, if not bigger, than the kinds of contracts BQT is announcing (ie. retail store, city council). So lets say they release an ann. a week for the next few months revealing these sort of contracts. Say 20 X $80 000, giving them 1.6 mil revenue for the half year (and I'm just throwing around numbers 'cause like I said, I have no indication as to what the contracts are worth). Sounds OK until you realize their expenses are about $6mil a year, so they would still be making a large loss. Does that explain why these piddly little contracts are annoying me?

On the other hand, and to explain why I'm obviously still holding the company, I'm hoping they have something really big in the pipeline. Could explain the insider buying. They mentioned a while back about tendering for the Australian biometric passport, and there have been mentions of defence and government contracts. What I'm holding my breath for is an ann. about a mutli-million dollar contract of some sort that'll really make this company worth while. I'm hoping the insiders know what they're doing when they keep buying.

Regards

Damo

[OneUp]

quote:Originally posted by Damo79
I'm hoping they have something really big in the pipeline. Could explain the recent insider buying


Yesterday: a couple more insider buys.

Today: a smallish contract win, but more importantly:

"In the coming weeks and months, BQT will be further expanding and providing their security solutions to other prominent law enforcement agencies, Government & Defence departments particularly in Australia, USA, UK and the Middle East."

Looks like the biggies are just around the corner. If the company's expectations of January are met, should be within the next two months.

[OneUp]

quote:Originally posted by OneUp
Looks like the biggies are just around the corner.


Hmmm...BQT shot up 20% on heavy volume today, all in the last 90 minutes. Is something afoot?

[Damo79]

Trading halt. Looks like some insider trading got done yesterday arvo, and from the direction, I'm guessing it's gonna be a big contract announcement. I held these a couple of months ago and sold for a small stop loss on their recent retreat. It'll interesting to see what happens here.

[OneUp]

quote:Originally posted by Damo79

I'm guessing it's gonna be a big contract announcement.


That's the rumour on the other sites, something in the range of $40 million. But still a rumour at this stage. Anyone else still on? Tracker? Milton? thekiwi? Stock Man?

[Stock Man]

quote:Originally posted by OneUp


quote:Originally posted by OneUp
Looks like the biggies are just around the corner.


Hmmm...BQT shot up 20% on heavy volume today, all in the last 90 minutes. Is something afoot?


OneUp - what can we say. I have been a bit slack in replying recently. Yep still in with this one (I dont have a time stop)! You (and others) have done well carrying this thread. Lets see what transpires eh[?]

[tracker]

hey guys
yeah still in bqt atm, interesting to see what happens, I for some reason like this one, and am not used to holding for length lol

hopefully good news

trade well
tracker

[davidrob]

BQT

All the very Best with this up-coming BQT Announcement.....

....Sixth Sense, agrees with you & says this might be a real Goodie for you...as does the "Bidding" set up on the buy side....

Guess time will tell very soon now.....

Not now on BQT, but have watched this stock with some interest, as ya can see on my opening of the BQT thread.....

Good Luck.....Your patience Trak, definitely deserves a very juicy nice Profitable $$$$ Win $$$$ on BQT !! :)

Kind Regards,

Robbo :)

[Stock Man]

Robbo - time will tell. Lets hope that the announcement is good, otherwise I guess all those who hold could be facing another hwe or ion[B)]

rgds

[Damo79]

For what reason is a company suspended from official quotation, as opposed to being in a trading halt???

[davidrob]

BQT..

ASX --$35 MMillion Contract plus more to Come --[8D][8D][:p][:p]

Super Dooper Fantastic New ....For All BQT Holders....

Your PATIENCE and "holding the faith" in BQT--will now give you at the least, a massvie Very Well Deserved 300 % Return +++ Plus Plus


------ and you All Mightilly Deserved and Deserve It !!

-- Although I was not one of them... I just wanted to say

A Big Well Done to Everyone on this BQT Thread --who held thier nerve...

Good News Indeed..:)

Kind Regards,

Robbo :)

[OneUp]

Mate, I wish it was up 300%! IMO the market has massively underreacted to this contract. Insane for it to still be trading in the 20s. BQT is basically set from now on. Naturally, I have just doubled my holding at $0.275!

[tommy]

Hi all BQT watchers,

I also purchased today after the good news, had to get on the bandwagon:D

But WHY is it still trading at such low prices? This company's market cap is $32 million right? Don't understand!

[hero]

quote:Originally posted by OneUp

Mate, I wish it was up 300%! IMO the market has massively underreacted to this contract. Insane for it to still be trading in the 20s. BQT is basically set from now on. Naturally, I have just doubled my holding at $0.275!


Hey guys - good luck to ya all. But this ain't a contract yet - just a consensus (whatever that is). Looks a lot more like a PR job to me. Hope for your sake's that I'm wrong and that you do well. Don't want to see fellow MAL contents on a lemon

Hero

[tommy]

Hi Hero,

I understand your concern... it is NOT a contract but a "consensus" Robbo and Oneup, it says "This consensus becomes the basis of a formal agreement to be made between BQT and a Holding Company to be
established".

I assume that the announcement of a contract will come soon given that they have stated "There will be other important announcements shortly".

Keeping my fingers crossed!

______________
http://stocknessmonster.com/news-item?S=BQT&E=ASX&N=371848

ASX Company
Announcement
Thursday 9th June 2005
BQT�fs new product approved as Standard Equipment
for an International Company�fs Global Rollout
PROJECT VALUE TO BQT (STAGE 1) A$32,500,000

John Genner, Managing Director of BQT Solutions Limited announced:
�gFor the past 2 years BQT�fs R & D teams in Sydney, Australia and Chennai, India have jointly worked on a special project with an International client. Our client has a world class team of scientists and over a period of 10 years has developed a technology that will bring major benefits to the global Financial Community.

Meetings overseas with our client have now resulted in a firm consensus being reached on major issues. This consensus becomes the basis of a formal agreement to be made between BQT and a Holding Company to be
established. In this Holding Company our client will be a major shareholder. This Holding Company will be responsible for the global rollout of our client�fs technology.

It is important to note BQT is approved as �gstandard supplier�h to our client�fs global rollout and the BQT technology is an �gessential element�h in the operations of our client�fs technology.

Consensus points agreed upon with our client:
(a) Acceptance of the BQT price.
(b) BQT appointment as approved supplier.
(c) BQT�fs technology approved as an �gintegral part�h of our client�fs technology.
(d) BQT�fs technology approved as �gstandard equipment�h.
(e) Payment terms agreed.
(f) Client�fs acceptance of the BQT technology meeting all specifications and testing.
(g) BQT receives #8356;4,000,000 (A$9,500,000) on the assignment of BQT�fs intellectual property.
(h) BQT to supply product to the value of #8356;9,600,000 (A$23,000,000) on Stage 1.

This has been a successful result for BQT for 2 years of development and negotiations. This further confirms the technical ability of the BQT teams in Australia and India to handle specialized large projects.
Due to Confidentiality Agreements, BQT is not at this stage able to give more information. Our client will shortly be releasing to the world media the details of their world breaking technology and its application. After our client has made public their announcement, BQT will give details of the significance of this important breakthrough and how this will equate to further global opportunities for BQT. This is a very exciting project and will bring, in our opinion, a
major change to global financial markets.

Within the business plan of BQT we have always sought to take advantage of our technical ability to diversify outside our established business. This special project is one such diversification for BQT.

The BQT value of Stage 1 rollout is A$32,500,000 made up of $9,500,000 for the assignment of BQT�fs technology and $23,000,000 for supply of the BQT product. Stage 1 is estimated to be rolled out progressively over 12 months commencing once the logistics of the International rollout are finalised.

Further stages of this international rollout could see BQT sales reaching an additional A$50,000,000. BQT has built a company from the ground up. It is a serious business and it has taken time. The most important point to make to our shareholders is we have a first class team who are motivated and talented. We believe we are global leaders in the area of our expertise and can hold our own with any competitor. We have plans to further expand our overseas operations.

The cost of R&D is a major expense, however, if we have an expanded branch networks overseas it gives BQT increased sales and effectively spreads t

[OneUp]

I'm no lawyer, a "consensus" is probably a "Memorandum of Understanding" or "Heads of Agreement"...which spells out the major issues but leaves the minor detail to the lawyers. I think it's pretty clear they've got a major win here.

I also liked, "There will be other important announcements shortly". The US government perhaps? Maybe the widows and orphans can consider buying BQT now!

[Damo79]

Wow! This is just to good to be true (for holders that is). I too have taken the plunge back in at 30 cents. I usually try to avoid buying on the good news, especially after a 40% rise already today, HOWEVER, after that announcement I can now put an approximate price on BQT. And things are looking good!!!! :D:D:D:D:D

I held a while back (bought at 26 cents I think) and then sold out at about 22 cents after getting annoyed at all their little small contracts that didn't really come close to covering their expenses. This one's a whopper though, and they're still probably more like it in the system (remember they're working on 100 projects with long lead times).

So the numbers... Well there's $10 million at the beginning for the IP. Take that as profit since it's not really costing them anything from here. Then a further $23 million within 12 months. Now from their financial reports, it looks like R&D has been the overwhelming expense, and the price of producing the products isn't that large. Obviously the majority of R&D is done, since the product must be finished and ready to use if this company (whoever it is) has agreed to take it. So I'll conservatively guess at a figure of $15 million (out of that $23 million) net profit from this contract alone (they have a large tax loss to use up as well, so not much tax this year).

So we have $25 million from this deal this year. Let's assume all of their other contracts are worthless (just to stay conservative) so this money will have to cover their historical operating loss of $1.5 million per quarter. That leaves me with a figure of, umm.... $19 million net profit (and plenty more to come in future years by the sounds of it). I'll stick a low P/E of 10 on BQT for no reason at all, and then halve my profit estimate to make sure I'm not pulling a super-optimistic Robbo-like trick, and even that leaves me with a share price of 63 cents (assuming 150 million shares).

I expect we actually could see this doubling in the next few days if anyone else is thinking like me. Hold onto your hats (and biometric readers) ;).

Damo

PS This is all assuming that the 'consensus' is a good as a done contract.

[davidrob]

quote:Originally posted by hero


quote:Originally posted by OneUp

Mate, I wish it was up 300%! IMO the market has massively underreacted to this contract. Insane for it to still be trading in the 20s. BQT is basically set from now on. Naturally, I have just doubled my holding at $0.275!


Hey guys - good luck to ya all. But this ain't a contract yet - just a consensus (whatever that is). Looks a lot more like a PR job to me. Hope for your sake's that I'm wrong and that you do well. Don't want to see fellow MAL contents on a lemon

Hero

Hi Hero....
Wise Words mate....

Ditto my thoughts exactly,

Yeah...

I am with you on that HERO....

A consensual agreement is not quite a Contract...

A contract is when you have a unequivocal Buyer and a Unequivocal Seller....that is legally enforceable, Bindable, and credit-worthy recoverable for both parties to be able to Rely absolutely upon....

Preferably nice also; if you can Disclose who is the Other Party and also a 15% deposit---ie: $3.5 Millions of Cleared Bank Cheque, with Money in the BQT Bank Account...

....and for that reason I Did not Jump ON the Bandwagon...

Kind Regards,

Robbo :)

[OneUp]

Some MOUs have been enforced by the Courts, especially if the key clauses have been agreed and only immaterial things are to be sorted out. But I think this focus on the word "consensus" rather than "contract" misses the point: if this client were to screw BQT over and pull out, how many years would it be before they got a payout even if there was a contract? By then, BQT would be well gone I think. The point is that if the client want to deal with BQT, they will, if they don't they won't, regardless of whether a contract has been signed. There are more deals to come...

[Damo79]

Where'd you get the Amex info Oneup? Anything we can read on the net or hints in anns.?

[Winnie Burgers]

Greetings all ...
I came across your topic and immediately brought 10K @ 30c.
I hope you guys are right about the SP doubling in the near future.
I need to get back the $$ I lost on FTB this afternoon on a 23% loss!! [}:)]

[tracker]

i would expect more upside momentum, and feel the market is selling this one short
time will tell

stops as always
tracker

[tommy]

Announcement out: John Genner (Managing Director) buys shares... good news.

[Sunshine007]

yes, director John Genner bought 70,000 shares on market at 28.5c. Good sign. I would say there is substance to BQT's ann's on the CONCENSUS.

[OneUp]

Genner owns 7.6m shares and 6.5m oppies...and he's still buying more! This consistent insaider buying is what attracted me to the company in the first place.

[tommy]

http://www.beerfiles.com.au/content/view/1443/39/

BQT�fs new product approved for global rollout in $32.5m project Friday, 10 June 2005

Smart card and biometric reader provider BQT Solutions Limited (ASX:BQT) has announced an international deal which it claims will reap $32.5 million of sales.

BQT managing director John Genner said: "For the past 2 years BQT's R & D teams in Sydney, Australia and Chennai, India have jointly worked on a special
project with an International client. Our client has a world class team of scientists and over a period of 10 years has developed a technology that will bring major benefits to the global Financial Community.

"Meetings overseas with our client have now resulted in a firm consensus being reached on major issues. This consensus becomes the basis of a formal agreement to be made between BQT and a Holding Company to be established. In this Holding Company our client will be a major shareholder. This Holding Company will be responsible for the global rollout of our client's technology.

"It is important to note BQT is approved as "standard supplier" to our client's global rollout and the BQT technology is an "essential element" in the operations of our client's technology. Consensus points agreed upon with our client:

(a) Acceptance of the BQT price.
(b) BQT appointment as approved supplier.
(c) BQT's technology approved as an "integral part" of our client's technology.
(d) BQT's technology approved as "standard equipment".
(e) Payment terms agreed.
(f) Client's acceptance of the BQT technology meeting all specifications and testing.
(g) BQT receives #8356;4,000,000 (A$9,500,000) on the assignment of BQT's intellectual property.
(h) BQT to supply product to the value of #8356;9,600,000 (A$23,000,000) on Stage 1."

The BQT value of Stage 1 rollout is A$32,500,000 made up of $9,500,000 for the assignment of BQT's technology and $23,000,000 for supply of the BQT product. Stage 1 is estimated to be rolled out progressively over 12 months
commencing once the logistics of the International rollout are finalised. Further stages of the international rollout could see BQT sales reaching an additional A$50,000,000, according to the company.

[tracker]

well so far so good, all though it would have ben better to se share trade around its open the other day
I am still holding, and traded the share a couple of times as well
Might be wrong BUT at this stage of the game I am confidant bqt has more in the tank,

Genner buying at 29 on Friday more stock speaks volumes

Also, being that this is stage 1 only, and that the other side has yet to be revealed etc, I am comfy in my position, and might even average up if share price does the right thing

tight stops as always,BOTH ways

tracker

[oxley]

Have just come in to BQT @ .30 , and looking at the prospects comming up soon as per the asx release today. I would hope we are going to see the share price attach itself to one of the next NASA rockets.

Cheere Oxley[8D][8D][8D]

[tommy]

Mmm, is there much substance to this announcement? Not very specific...
_______________
http://stocknessmonster.com/news-item?S=BQT&E=ASX&N=372191

Tuesday 14th June 2005
BQT meets USA TWIC Protocol and has had successful installation of the BQT product into the Port of Long Beach, California

John Genner, Managing Director of BQT Solutions Limited announced:
�gFor the past 2 years BQT�fs technical team have worked closely with NASA in the USA to successfully develop BQT readers which work to the NASA protocol, being DESFire based. DESFire technology allows 3DES (Digital Encryption Standard) encrypted RF communication between a smart card and smart card reader.

Also based on a DESFire standard the US Government is implementing the TWIC (Transport Workers Identity Card) standard for access application into ports and airports in the USA. It is estimated over 30 million TWIC based cards will be rolled out over the next 18 months in the USA.
BQT has successfully developed its high security readers that meet the TWIC protocol and has had successful installation of its readers into the Port of Long Beach.

The significance of this successful implementation is important. BQT are at the forefront of the high security industry and can supply �gproven�h products to its global clients (Government, Defence & Corporations).

The national USA implementation of the TWIC standard is to be rolled out shortly.�h

John Genner
Managing Director
BQT Solutions Limited

[tommy]

Announcement out.

Yawn... why are they never specific? And what happened to the "consensus"?

__________________
http://stocknessmonster.com/news-item?S=BQT&E=ASX&N=372320

Wednesday 15th June 2005

BQT secures another project for Australian Defence

John Genner, Managing Director of BQT Solutions Limited announced:
BQT Solutions has won another project to provide Australian Defence with the BQT high-end security solution. In addition to other Defence sites that BQT has previously secured, this new site in Victoria will also be using the BQT system of fully integrated products.

This project reinforces BQT�fs position in the marketplace as being the high security solutions provider for major Defence projects, not only in Australia but globally.

In addition to BQT supplying its range of products, a major contribution that BQT has made, was the integration of
a number of different systems in Defence which now operate in a seamless way.

John Genner
Managing Director
BQT Solutions Limited

[Damo79]

The announcements do tend to sound a bit more like Genners personal diary entries. Oh well.. Like I said before, that up and coming $32,000,000 contract (possible $82,000,000) is what makes this company. Anything else is a bonus.

[hero]

quote:Originally posted by tommy

Announcement out.

Yawn... why are they never specific? And what happened to the "consensus"?

__________________

Not a holder Tommy, but if I were, I'd like to know what a consensus is - and what happened to it. Seems to me it is not a MOU, which has some legal standing. So what is it? Have no legal knowledge, so just don't know. And why was the 'consensus' announced so long before the alleged partner announces its breakthrough technology to the world? Maybe there's a reason - just can't think of it. Seems to be some smoke and mirrors surrounding this company. I'll stick to companies - like MAL - that are easy to understand. Good luck with it - at the very least it has some very interesting technologies that should be standard sometime in the future.
Good luck with it.
Hero

[Damo79]

I wonder whether the reason for the 'consensus' announcment was simply that there seemed to be some kind of leak to the market about this coming contract before the deal was finalized (as shown by the large volume and price rise just before the trading halt). Seeing this, they may have been obligated to release some details whether or not the contract had been signed. The whole 'consensus' announcement was probably just a stop-gap measure to cover the whole market disclosure issue.

Although I would have liked to have seen the SP shoot up after I bought (needles to say), I think the fact that it seems to be holding at the 29 cent level after 50% gains in a week is quite promising. There'll be a lot of people out there taking a nice profit, but the buyers are still there to hold the price up. Hoping that the announcement of a signed contract for that deal will lead to a big valuation re-rating of this company.

Damo

[tommy]

Hi Hero, Damo and other BQT holders/watchers,

It is quite possible that the "consensus" announcement was aimed at safeguarding against any "leaks"... but I think the most important question here is that if the "consensus" actually has no legal binding whatsover and merely constitutes positive oral feedback from a client after negotiations, would BQT be worried to safeguard itself against the leakage of information about such negotiations?

I personally don't think so... newspapers articles report such negotiations/talks between companies all the time don't they, even before a sealed deal is formally announced by the parties on ASX?

If BQT management was trying to "sex up" its shareprice when there was really no deal/commitment, then BQT's integrity should be questioned and the regulatory authorities should take care of such a manipulative announcement for the sake of investor protection...

I still hold BQT and at least for the time being (i.e. in the absence of any news) I will continue holding until the next announcement:)

[Winnie Burgers]

Who the hell are Ecrow or escrow??

Edit: Name mentioned in todays announcement

[Damo79]

Hi WB

My understanding is that shares held in escrow cannot be traded until a certain date. The announcement today was just that there will be an extra 16 million shares quoted from the 30th of June.

Damo

[Winnie Burgers]

The SP is taking a bit of a dive this arfo [B)] [}:)]
Any comments about this from anyone??

[OneUp]

The contract has not yet been formalised within the expected time frame. I'm guessing some are getting a little impatient, and others are being stopped out.

IMO you can either take the conspiracy view that Genner told us all a whopper to get the options over the line or BQT will deliver shortly. Naturally if you hold the former view you should not be holding.

I've sent an email to Genner, will post what reply (if any) I get.

[tommy]

quote:Originally posted by OneUp


I've sent an email to Genner, will post what reply (if any) I get.


Would appreciate some info oneup, I hope BQT have been honest in their announcement.

I expect the share price to plummet further in the days ahead in the absence of any concrete information that confirms the nature of the alleged "consensus"... I will not be buying more though, simply because there's too much rumours/ramping going on at other forums that it's starting to smell a bit fishy. Only have a small holding in BQT, I am still holding... getting a bit bored waiting!

[Damo79]

Yes, eager to hear what he says. I bought quite a large portion of BQT after the announcement (large to me, not to most of you guys), based of course on the fact that I believed it. I hope it is followed up by a concrete contract or I can see the share price heading back towards 20:(

[Winnie Burgers]

I'd love to know why escrow are flicking there shares. Do they know something we don't??


__________________________________________________ _____________________________________
Posted - 10/06/2005 : 5:22:19 PM
yes, director John Genner bought 70,000 shares on market at 28.5c. Good sign. I would say there is substance to BQT's ann's on the CONCENSUS.

__________________________________________________ _____________________________________

Correct me if I'm wrong but $20K to a 'director' is like pocket money to joe average (is it not??). I hate to say it, but, is this ('Good sign')what he wanted us to think??

[OneUp]

quote:Originally posted by Winnie Burgers

I'd love to know why escrow are flicking there shares. Do they know something we don't??


Who says the formerly escrowed shares are being sold?


quote:
Correct me if I'm wrong but $20K to a 'director' is like pocket money to joe average (is it not??). I hate to say it, but, is this ('Good sign')what he wanted us to think??


See my above post. The guy owns 14.1 million shares. The $20k was a drop in the ocean but his total holding is not.

Sometimes I think it is better to take things at face value. There are much cheaper ways for CEOs to pull the wool over our eyes than invest their life savings in a company and watch it collapse...

But then again, I guess I would say that.

[Winnie Burgers]

Ignore my previous post. I was 'sleep posting' (similar to sleep walking but worse). [|)]

[tommy]

quote:Originally posted by OneUp

I've sent an email to Genner, will post what reply (if any) I get.



Hi Oneup,

Have you heard anything from BQT yet? This "imminent announcement" stuff is starting to sound like it was a huge bluff... starting to get cold feet with BQT.

[Damo79]

I really can't beleive that the 'consensus' announcement was complete BS. Genner would be leaving himself begging for lawsuits. What I can believe is that this contract has been a long time in coming and could still be a long way off, and that he timed the announcement to get the options over the line.

[OneUp]

No I haven't.

Bear in mind though that according to that announcement BQT cannot announce details until the client does...the whole structure (holding company etc) could be (and probably is) already in place.

Then again, I remember investing in this stock back in November in expectation of 'imminent' contracts - infact they took months not weeks to be announced.

No telling where the share price will go on light volume the next 7 days if we don't get more details - noting that some people have suffered pretty decent losses which they might seek to unwind before the end of the (tax) year.

[Damo79]

I saw a new IBM advertisement on TV last night. Talked about how they now protect customers using biometric security. I wonder, could the international company be them??? [:0];)

Just an idle thought. It's also the only time I've ever heard the word biometric other than on this forum or from BQT. So if it turns out to be the case, you heard it first here :D:D.

Anyone else still holding and hoping Genner's not conning us?

Cheers

Damo

[tommy]

quote:Originally posted by Damo79

I saw a new IBM advertisement on TV last night. Talked about how they now protect customers using biometric security. I wonder, could the international company be them??? [:0];)

Just an idle thought. It's also the only time I've ever heard the word biometric other than on this forum or from BQT. So if it turns out to be the case, you heard it first here :D:D.

Anyone else still holding and hoping Genner's not conning us?

Cheers

Damo


Thanks for sharing that info Damo, interesting timing indeed... but wouldn't then IBM be providing an announcement to the market about the alliance with BQT before hitting the ads? Mmmm... but would be good if it was IBM! (I'm still holding BQT)

[Winnie Burgers]

Am I right in thinking todays announcement was basically just BQT making some extra money??

It was a bit of a let down when I read it ... I was thinking it was going to be 'thee' announcement [V]

[Damo79]

Some interesting buying action this afternoon. Someone been taking chuncks of 100k shares when the sells build up big enough. Admittedly the volume is pretty small compared to last weeks action, but it just seems to smack of accumulation. And of course, since us Genner-believers are eagerly awaiting 'thee' announcement, any sign of confindent buying could be an indication its on its way. Particularly with what looks like a history of insider trading for this company.

Regards to all

Damo

[Winnie Burgers]

Volume traded today just shy of 2M ... Someone brought 200K in one go early this arfo ... The SP is on the rise.

It's all good. :)

[OneUp]

Guys, must report I have taken advantage of the last couple of days with prices back around what they were immediately after the announcement, to take some modest profits.

After buying in at $0.24 way back in November 2004, and at $0.275 and $0.25 last month, for an average of $0.254, I have sold half at $0.28. I was hoping for more than a meagre 10% profit, but it's better than nothing I guess.

The main reason for my sell-down is that
(1) yesterday's announcement made no hints as to other (important) imminent news;
(2) it's been nearly a month since the June 9 "consensus", with still no finalisation as was suggested by the announcement;
(3) the current share price represents a reasonable profit;
(4) I had too much in BQT for quick upside, now it's about right;
(5) finally, no word about the major US Government contract (mentioned in January) that was promised by the end of June.

I still think the news will come, and will keep the other half for that reason, but one wonders how long it will drag out (given many of their contracts take yonks to negotiate). I may take the opportunity of lower prices (if we see them) to top up (Now that I've taken some profits I'm betting the news will be announced tomorrow!).

[Lizard]

Well, they did manage to announce another contract while you were posting that One Up. Though, unfortunately, not the big one.... yet.

[Winnie Burgers]

Obviously still no reply to your letter OneUp?

[OneUp]

No. My understanding is that Genner is not taking calls from shareholders.

[davidrob]

BQT.

G'day One Up...

Yep, ...IMO.... One Up.. you certainly did the right thing...

-Although you are right, One Up, in that "Murphy's Law" -- will probably "kick in" about .... today or the next; and the price will go up 120% !!

--after such an announcment by BQT the other month and the other day; (or was it an announcment or just a handshake//MOA??....hmmmm....???...)--

But One Up,---....IMO--- ya did the right thing, 'coz of the maxim:

- "The Market, is The Market, is The Market, is The Market...."

--or as the:...." 1920s thru till late 1940's Stock Trading Genius: the late great, Jesse Livermore would say:... "...it is only the tape,....only the tape, only ever the tape...."....

In situations, like the sort that BQT presents: Livermore teaches me a lot, when he says,

(1) Preserve your capital AT ALL COSTS....and when in: "evaluated doubt ...... Get Out" ....

and ...... Livermore also makes the point, which took me a very long while to internalize; and really deeply understand and truly comprenhendo:namely.....(2)--...IN Stock trading, according to Jesse Livermore ........eliminate... the word: "hope".
--"Hope" does not, will not,cannot, and never exists. ...in The Market....

....&gt;&gt;&gt;&gt;....Only the market...ultimately..... speaks the truth --re. what Stocks are adjudged to be worth and evaluated to be worth....

Kind regards One Up !! ....(here's hoping, that 'Mr Murphy'... doesn't come to kick you up the ar%$# se !!

He usually gets me, nearly every single time !!

Robbo :)

[OneUp]

Thanks for your thoughts Robbo. Murphy's not kicking in quite yet (maybe he was hungover the other day from having a few too many) - but seeing as I still hold a parcel I naturally hope he does come calling soon!

[Damo79]

Hi all
Just wondering how long a period of time would need to pass before people would start considering the 'consensus' announcement as dishonest. I'm thinking you can't just release that kind of information to the market without following it up with anything concrete. It has now been 5 weeks. If there's still no information to release, it definately brings into question the need for that announcement originally, which of course resulted into massive buying of BQT shares and put the options into the money.

Feeling a bit cheated here....

Damo

[Lizard]

Damo, You could try contacting the Australian Shareholders Assn (www.asa.asn.au). I have e-mailed them before when unhappy with company actions and they have been very helpful and informative. (Don't seem to have any comment re BQT on their web-site at present.)

[Damo79]

Thanks for your suggestion Lizard. I'll have a look.

[Winnie Burgers]

If your SELL didn't do it OneUp, mine certainly will ... I just flicked my 10K ... watch the SP rise [V]
:)

Murphy loves me (loves to piss me off!) [}:)]

[tracker]

i am still watching with interest,
I dont beleive a company can announce what they did without ANY follow up, it has to be coming, or this is the biggest con since.........
personally I will be watching closely for any signs that news is on the way, as we have seen it doesnt take much on the depth to get this one rolling.
stops as always
tracker

[Damo79]

Another nothing announcement from our friend Mr Genner:

BQT Solutions Limited to supply China Sport Lottery
John Genner, Managing Director of BQT Solutions Limited announced:
BQT’s Shanghai office to supply China Sport Lottery with the BQT High Security system.
Stage 1 order has been received and further stages will be rolled out progressively.
“We are now seeing major opportunities for our technology in the China market. It has taken time to
establish a presence and to demonstrate the flexibility and range of the BQT products. This high profile
project was won on the basis that BQT could supply the highest rating in security, reliability and costs
effectiveness.”
BQT is currently working with major local and international companies in China.

Doesn't tell us much as always. Still awaiting the one.

[Sunshine007]

Any clue what's pushing BQT lately? Is that RAAF contract enough to justify the rush?

[Damo79]

Hi Sunshine

I've been watching with interst today as well. As far as I can see, I don't think that RAAF contract could have had much effect 'cause there just wasn't much info there. There've been numerous similar announcements that just seem to get ignored by the market.

What I'm hoping is that confirmation of the big contract could be in the wings. You'll note that before the June 9th announcement, there was a large increase in volume and price rise before the trading halt. It would be nice if this were something of the same. If there's a trading halt called today, I think things could be looking good. I need something like that to make up for my Matilda losses of today [B)].

Damo

[Sunshine007]

Thanks Demo.

[Lizard]

Rumours upon rumours maybe. Someone on another site mentioned a credible source had told them to buy before Tuesday. Looks like more than one person took that advice!

[Lizard]

Oops! Just noticed that what I posted above has been read by some to be another confirmation of the rumours. Which it was not meant to be. Just pointing out that rumours appeared to be driving the s.p. Have no more idea than the rest of you whether there is any truth in them!

[OneUp]

There have been lots of false alarms on this one.

I'm going to remain sceptical until I see the announcement.

[tracker]

good one lizard
love it

tracker

[Lizard]

[:I] Just a housewife Tracker. Naive, probably. Watching this whole BQT thing on HC in amazement.

[tracker]

sorry Lizad, late in the day(I start 3am Aussie time), but are you refferring to me being a housewife (I am), or that you are??????
I am finding the whole thing very amusing. Mr Stolwyk unfortunately did not lol

take care

stops as always
tracke

[Winnie Burgers]

Another 'nothing' announcement on the way ...

BQT Technology chosen for QLD Rail security upgrade

[oxley]

This smacks of the little boy crying wolf.(What happens when the big announcement is made)
[}:)][}:)]

going into pre open on a small announcement and share price dipping or doing nothing, on a small but positive call. [?][?][?]

Cheers oxley

[stolwyk]

Commitments Test Entity - Fourth Quarter Report
http://stocknessmonster.com/news-item?S=BQT&E=ASX&N=376551

Outflow: $ 1.264 mill

"Cash on hand at the end of the quarter was $855,000 which increased by $1,000,000 in early July 2005 as a result of the funds cleared following the exercise of options prior to the end of the June
2005 quarter".

[tracker]

hey stolli, you would be proud of me I actually read your post!!!!!!!!!!

first for everything

garbage aside, if you feel like answering,this qrt report is somewhat dissappointing as I would have assumed that SOME sort or revenue would be included as a total (since it cant be specified)
gotta admit a little shocked that this total is all they have left, even with oppies conversion, I dont think the pic is too rosy??

tracker

i still am expecting bigger and better things

[tracker]

i take it not lol
roflmao
tracker
petty petty petty

tracker

[Lizard]

Tracker, I thought it was a shocker. Got to say this company has gall. At the very least, they could toss around a few ball park figures as to potential overall revenue from the contracts they've got rather than the ones that they haven't...yet........Giving 'em another month. Max.

Cheers, Liz

[Damo79]

Agree Liz(ard)
If not for the strong insider buying throughout the last year, I'd be out in a second. The only reason I'm hanging in there is at least they're putting their money where their mouth is. Was hoping to see the revenue starting to ramp up a bit from all there smaller contracts. Not as much as I'm hoping to see confirmation of the 32 mil contract though.

Damo

[OneUp]

Some irrelevant contract announced today. However:

"In the coming weeks and months we are looking at further reinforcing BQT’s position in the marketplace, as the preferred supplier of security solutions, not only within Defence but also in areas of Transport, Airports and major Commercial sites that require our
High-End technology."

Is this a reference to the US defence deal (see January announcement) that BQT expected to announce by June?

[tommy]

Hi all BQT holders,

Gee, cannot believe BQT has still not announced the allegedly "big" deal. Sorry believers but I'm gonna get out of this one quick... too much hot air and not much substance!

[davidrob]

BQT

Hi Tommy,

Would there not be a statutory maximum period ....of "30 Days" ...or some such:

-- ..... whereby the Director / Directors; who make such a Big Announcement (Price Senseitive ) --have to either Confirm or Deny the Salient poiints of The Announcment, ie: the Premise on what the Price Sensitive Announcment IS BASED UPON ?? [?][?]

Surely they have to now 'come clean" you just cannot hang it --" out there like that ....",

--otherwise you could be perceived; as having a large potentiality of "manipulating the market with Rumour" , via -- The ASX Official News Announcements... for Publicly Traded Companies..... -- surely a bit of a "no no" !! ??? .....

Actually might contact the ASX myself, and see if they can casue BQT to either "confirm or deny" said same ...... in interests of: "keeping market informed" etc etc....

Will do This..... for sure, on Monday ......

regards to you Tommy ,

Robbo :)

[tommy]

Hi robbo,

Nice to hear from you! Indeed this alleged deal by BQT is smelling extremely fishy in that they have failed to disclose any information for such a long period of time. Also I think it is dishonest of them not to specify the amount of sales generated by the small contracts announced subsequently. They should announce news in concrete terms or not announce them at all if they lack substance; as you say, it appears to be highly manipulative! Hope the authorities can look into this, it is long overdue. Have a nice weekend!

[OneUp]

The reason they don't announce contract values is that they're worth 2/5 of F*** all - as is BQT, if the consensus falls through. That BQT has not even mentioned the June 9 deal for 2 months is quite astonishing.

Would also expect a placement soon.

[Damo79]

Excellent idea Robbo. Keep us informed. I've thought the same thing along the lines of how long has to pass before the 'consensus' announcement can be percieved as misleading. It's been two months now, and no news on that contract.

As far as I'm concerning, a contract to the value of $10's of millions is the only thing that'll keep this company viable. There constant and repetetive announcements of contracts that are probably valued in the thousands of dollars is ridiculous considering their multimillion dollar cash burn rate!

[Damo79]

They just responded to a 'please explain' from the ASX concerning negative cash flow. They expect revenue to 'substantially increase' in the next two quarters, and for the quarter after to result in positive cash flow.

I was hoping the response would mention something about an up and coming contract resulting in a sudden turn around. On the good side, however, at least they're actually predicting a forseeable profit some time in the not too distant future...

[Damo79]

After a bit of consideration of that response (plus the fact that I need to sell something to pay for Aztec), I'm giving up on BQT. Two more quarters of negative cashflow doesn't sound like the position of a company about to confirm a $30 million contract. I think that was a con, and we'll see a very slow increase to revenue that, even it does lead to a positive cashflow in 6 months, will not justify the current market capitalization.

All said, good luck to holders. If anything can push the share price up, me selling out is it.

Damo

[Lizard]

Have to say Damo, that the last couple of ST holders selling didn't manage to get the price up, so I'd say you're pretty safe there...

Did you notice that the wording yesterday was exact same (bar dates) as the one in May 2004? I can't find any records that they bothered to explain why they never became cashflow positive. Just did a couple of private placements for extra cash in the following periods...

This seems to consistently have the kind of revenue associated with your local electrician - it will be interesting to see if the ASX lets this pass.

[tommy]

Nice move Damo, I also got out a while ago after getting sick and tired of their outrageous behavior. Our hard-earned deserves to be invested in more honest companies!

[OneUp]

Guys, must report I have also sold my remaining shares at $0.30, for only a 20% gain in 9 months. I have tried to extract some sort of clarification of BQT's recent announcements, especially cashflow projections (which do not appear to include the 4 million pound IP payment from the June 9 deal), but have been fobbed off. Would prefer to re-enter at a higher price after the deal is confirmed.

Time for Mr Murphy to come calling?

[Lizard]

Dropped a line to the ASA yesterday to see if they have any comment re BQT credibility. Nice people. Reasonable response, but nothing significant. They haven't looked into it but will pass the query on to local branch to consider...

Will keep holding. Despite my dislike of this company's behaviour, there are also some interesting possibilities for a very small punt...

[tommy]

quote:Originally posted by Lizard

Dropped a line to the ASA yesterday to see if they have any comment re BQT credibility.


Thanks Lizard, I hope BQT gets investigated for market manipulation or some kind of action is taken to prevent such announcements from being made for the sake of investor protection!

[tommy]

Announcement out. Again, no figures indicating the size of the sale. I no longer hold, got sick of their manipulative announcements with no concrete information and failure to follow-up on the big deal. Good luck to patient holders.

________
BQT WINS ANOTHER RAAF BASE

John Genner, Managing Director, is pleased to announce that BQT products have been selected for an additional major RAAF Base.This adds to the growing list of Defence sites around Australia using our technology and products.

Because BQT�fs technology is fully integrated, it allows our clients to add additional BQT security products when needed.
In our opinion, the major expenditures to upgrade security globally are only in their early stages.

BQT will soon be releasing new security products that will meet the demand from a wide range of Gevernment, Defence and Commercial customers #8211; specifically for Terrorist and Security applications.

The applications for these new products will greatly expand BQT�fs product range and broaden the solutions that BQT can provide its clients and further details should be available for release to the market within 10 days.

[oxley]

What is going here[?][?][?][?][?].

Another nothing announcement in the morning , and then a trading flurry of nearly 3m shares after 2:30.[}:)][}:)][}:)].

Does someone know something [?][?][?]. Or are a lot of punters having a go.

Any of you guys and gals heard anything[?][?]

Cheers Oxley:D:D:D

[Lizard]

quote:Originally posted by oxley

Any of you guys and gals heard anything[?][?]

Cheers Oxley:D:D:D


Mammoth buying spree by HC posters? [}:)]

[Lizard]

Actually, I'd say there is a good chance we'll see confirmation of June 9th deal shortly based on this action. Is it worth all the fuss? Hard to say - a DCF on the revenue from this deal is only about 36cps at discount rate of 15%. And of course, a DCF really has to be based on free cashflow or profits...

The more interesting side is what the deal represents in terms of future opportunities.

From my on-line research only, I suspect it revolves around providing sufficient encryption for the Mifare platform to enable it to be suitable for contactless financial transactions. But I may be completely wrong there. Hope to find out soon.

[stolwyk]

Supplies high security department in the UK with tech & prod

http://stocknessmonster.com/news-item?S=BQT&E=ASX&N=380308

Extract:

John Genner, Managing Director of BQT Solutions Limited announced:

"We are pleased to announce the supply of BQT’s high security technology and products, currently being installed in high security offices in the UK. For the past three years, the BQT Solutions London office has worked closely with United Kingdom Government Departments & Intelligence Services to deliver high security access solutions.

For confidentiality purposes we cannot release more details.
This installation is based on Mifare DESFire technology, a 3DES encrypted data communication application allowing the most secure smart card transaction process available, and we see this sale as being the forerunner of many more high security installations".

[oxley]

Some out there knows something.[}:)][}:)].

As far as i can see the news in the last couple of days would not make this one jump like it has done[8D][8D][8D].


Cheers Oxley

[Lizard]

If they are about to announce, then surely they would have to be thinking about putting it into trading halt at this point...

[Damo79]

Wow... place shares at 22.5 cents!! Is that all they could get? About a 40% discount to the price some people paid today...

[Lizard]

Amazing! I haven't had such good entertainment in a long while! Blame the traders, but this company absolutely encourages them. Behaviour makes the description "outrageous" look tame.[:0]

Sorry, shouldn't laugh. Jury is still out...

[Lizard]

Well, finally some confirmation on the big ann. BQT credibility somewhat restored.

Interesting to see if this arouses the civil libertarians and christian fundies...are we ready for this?

[Damo79]

Hmmm... I may be wrong but this has a dodgy sound to it. I can't find anything about "Monoco limited" on the net. No website, no contact details in the announcement. Nothing on "Brands Cards Technology" either. I can't even work out what country this company is from.

The next phase is fund raising for Monoco. I assume this means that although they've agreed to pay BQT $30 million, they don't have any money. That doesn't have the ring of a company with a super product ready to roll out all over the world.

If I hadn't sold a month ago, I'd be running for the hills now.

This is only my impression. Anyone else have views?

Cheers

Damo

[stolwyk]

Update to 9th June announcement re $32.5m Project

http://stocknessmonster.com/news-item?S=BQT&E=ASX&N=380547

Extract:
"John Genner, Managing Director of BQT Solutions Limited announced “Our client Monoco Limited has officially released to the market their breakthrough Brand Card Payment technology which will have a major impact on the Credit Payment Cards worldwide.

Identity theft in the USA alone exceeds US$ 52 Billion per annum. On a world wide basis identity theft is massive and needs a major technology breakthrough to stop it. Our client, Monoco Limited, will help solve this problem within the Card Payment industry.

BQT’s R&D team has spent over 2 years in working with Monoco Limited on a special component for integration
into their technology. The relationship with Monoco Limited is ongoing as the BQT technical team will work on future technology rollout.

Monoco is Introducing BRAND CARDS TECHNOLOGY
Introducing the worlds first automated transaction system for retailers to issue and accept Brand Cards at terminals in retail outlets.

Each transaction is processed and audited in real-time for retailers to receive daily record of every valid transaction. Retailers will save millions of Dollars in card charges using Brand Cards.

Brand Cards eliminate identity theft and account fraud. No personal identifiers are displayed or carried on Brand
Cards; therefore no reference to an individual person exists on a Brand Card for identification use or transaction use.

Brand Cards are impersonal cards.
Impersonal cards protect the inviolable rights of the individual person – security and privacy. The network operator installs the network systems and manages the network services for the processing of millions of transactions per hour at the prime security level.

Prime Security
When a Brand Card is inserted in the terminal a set of numeric constants are generated, and each numeric
constant is a discrete identifier for the card – face – user which combine to form a binary matrix, a precision
identifier which validates a card and user in real-time at the server for the cost of a phone call.

A facial image is retrieved from the card and displayed on the POS terminal. The fingerprint template is stored in
the card and verified by a physical match or a scramble pin pad number, unique to the card holder. Note there is no name physically on the card which enhances security especially if the card is lost or stolen.
BQT Solutions Limited
ABN 89 000 029 265
Level 4, 65 Epping Road
North Ryde NSW 2113 Australia
Phone: +61 2 8817 2800
Fax: +61 2 8817 2811

_____________________________

Some are waiting for an overseas announcement tonight. See H/C

[stolwyk]

MONOCO:

http://www.monoco.org/

According to a source on H/C, it is just a shell. There is another one, apparently: the "client"

Pse make your own deductions


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[OneUp]

Summary of BQT's announcement today: consensus is still not a contract (after 3 months!?). The market has yawned.

[Moonshine]

Have to say... this stock has DOMINATED the HC discussion boards today.

A lot of speculation that the 3-5 "Big Banks" behind the latest Monoco announcement will reveal all tonight in London.

Supposedly, even though the announcement today referred to the raising of funds by these "Big Banks" as a pre-condition to the officialdom of hte $32.5million contract... the speculation is that the "Big Banks" are so goddam BIG... that it is a mere formality.

Speculation goes further to say that BQT will sky-rocket tomorrow after London's revelations tonight.....

Gee... haven't we heard this tune before.

Cheers,

Moonshine

[stolwyk]

I didn't read anything about the 3-5 "Big Banks".

Please give me the relevant H/C post numbers, I may have missed something.

Gerry

[Moonshine]

quote:Originally posted by stolwyk

I didn't read anything about the 3-5 "Big Banks".

Please give me the relevant H/C post numbers, I may have missed something.

Gerry


http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=228581#702369

Although i never warranted the validity of their claim... one never can.

[stolwyk]

Thanks for that.

See what happens overnight.

Gerry

[Lizard]

Might be linked?

HSBC fights fraud with SAS analytics
By: Mari-Len De Guzman
IT World Canada (26 Aug 2005)
Global financial services firm HSBC Holdings has teamed up with software developer SAS Institute Inc. to fight payment card fraud through "intelligent" fraud detection.

Cary, NC-based SAS is currently completing the development of software that applies business intelligence and analytic capabilities to HSBC's fraud detection, prevention and management system, according to T.J. Horan, fraud products strategist at SAS.

HSBC is scheduled to rollout the new system to its North American locations by mid next year. Asia Pacific and European implementations will follow suit through 2007 and 2008, Horan said.

The new software provides a range of case management, analytics, simulation, rule-writing and reporting tools all on one system, he said. This allows HSBC to consistently manage fraud exposure and its impact on customer service to card holders, he said.

The software would enable HSBC to monitor in real time account activities such as types of goods purchased, change of address, payment patterns Ð and use SAS analytic tools to score accounts and determine the probability of fraudulent activities.

Trend monitoring and analysis, as well as real-time information flow would also enable the financial institution to prevent fraudulent transactions right at the point of sale, said Horan.






The software's reporting and predictive capabilities would equip HSBC with valuable data that could then be used for developing standard best practices and case management systems across the HSBC organization, the SAS executive said.

The RCMP has reported that some $200 million dollars have been lost in 2003 due to payment card fraud.

HSBC currently employs different systems for its fraud detection processes across all of its organizations worldwide, which includes over 9,800 offices in 77 countries. HSBC is one of the world's largest issuers of bankcards, responsible for more than 100 million debit and credit cards currently in circulation.

HSBC hopes to achieve a single, unified system across all its worldwide operations that can transcend language barriers and can adapt to the ever-changing landscape of card fraud.

"Our venture with SAS will become a common standard and we will deploy it to all of our businesses. This will give us an added advantage as all our staff will use the same technology," said George Lennox, manager, HSBC Group Credit, based in London, UK.

He said using the SAS-built system, HSBC would build up a profile of customer spending patterns and constantly run them against known criminal spending patterns. Making such information available as a common resource for all HSBC offices would enable the company to more efficiently prevent or detect fraudulent transactions.

"It is vital that cardholders [be] free to transact with confidence, especially [through] new channels such as [the] phone and Internet. We believe we will reduce refers and delays, and this will help build [customer] confidence," Lennox said.

HSBC and SAS have also been working closely with other financial organizations to form a "broader consortium" that would utilize the SAS fraud detection technology to reduce criminal activity in the card space.

SAS, however, declined to disclose the names of the other financial organizations saying it is "premature to comment" at this time.

With the new SAS software, HSBC expects to gain higher fraud detection rates, reduce fraud losses and provide better customer service, Lennox said.

[hero]

No surprise to see this shonky outfit back down to the low 20's

hero

[OneUp]

The goss/speculation is that Monoco has fallen through. Even though this news/rumour has "leaked" and been incorporated into the share price, I'd still expect a decline to 15c if it's confirmed.

[OneUp]

BQT has an SPP at 15.5c. Shareholders on the register on [u]December 5</u> may participate. The current share price is 19.5c.

As I mentioned earlier I sold out of BQT some time ago (at a price somewhat higher than it is now). But I will probably buy 100 shares on market, and (so long as the share price holds above 15.5c) take up the full $5000 entitlement, earning a profit of $1290 at current prices. Free money.

[Lizard]

Complete break-out on BQT today following their interview on Boardroom Radio. Anyone prepared to give them another whirl?

[OneUp]

quote:Originally posted by Lizard

Complete break-out on BQT today following their interview on Boardroom Radio. Anyone prepared to give them another whirl?


Well that depends on whether you believe Genner has any credibility. The Monaco debacle remains fresh in my mind.

"Fool me once, shame on you, fool me twice, shame on me!"

[tommy]

Gee, is BQT still around?! They should have been knocked off the ASX ages ago for deceptive announcements. Wouldn't touch it even if someone paid me to buy their shares.

[Lizard]

Well BQT turned in a short sharp run of late, from a low of 6.3cps to a high of 23cps. Yet they still seem to be up to their old tricks. Revenue in the last quarterly still failed to impress and did I really read today's announcement correctly? Issuing 120m more new shares to a couple of investors in Dubai at what equates to US6cps. The exchange rate doesn't explain the difference from the current sp of AU 19cps...

[tommy]

quote:Originally posted by Lizard

Well BQT turned in a short sharp run of late, from a low of 6.3cps to a high of 23cps. Yet they still seem to be up to their old tricks. Revenue in the last quarterly still failed to impress and did I really read today's announcement correctly? Issuing 120m more new shares to a couple of investors in Dubai at what equates to US6cps. The exchange rate doesn't explain the difference from the current sp of AU 19cps...


Hi Lizard,

Be careful with BQT mate, the management of this company is highly questionable in terms of governance and integrity... treat all market releases with a pinch of salt, I can't believe this stock is still allowed to trade publicly.

[Lizard]

I don't own them Tommy. But I find them fascinating to follow. I've been regularly gob-smacked by this story of cash burnt, promises broken, ASX disregard and the desperate survival of one company through the ability of one man to continually convince new investors.

[tommy]

Hi Lizard,

Glad you don't own them, with your stock picking skills you surely can do much much better than BQT!!!


quote:Originally posted by Lizard

the ability of one man to continually convince new investors.


Yeah, the management seems to have mastered the art of luring suckers and there are plenty of them out there willing to flush their money down the toilet labeled BQT[V]