QIN 0.00% 29.5¢ quintis ltd

Ann: Extension of Voluntary Suspension, page-27

  1. 2,683 Posts.
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    If equity was worth zero quintis would not be 8 weeks into negotiations with several parties regarding a recapitalisation of the business it would of already been put into VA 7 weeks ago directors have a responsibility to put the company into VA if they strongly believe the company can not meet future financial liabilities so it must be taken that management believe a recapitalisation of the business can be achieved.

    Don't hesitate for a second that current directors would risk personal prosecution if they strongly didn't believe a recapitalisation is a strong possibility even more so with the spotlight already on them.
 
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