FW will not be able to exercise any put options for as long as insolvency is an issue after that depends on his culpability with non disclosures.
If there are negotiations with FW then this default was an aggressive statement. Why do this if FW is in talks for capitalization? Is it an attempt to tilt talks in favor of another party? Is it to get more concessions from the FW offer? Was it a response to other pressures, sure coy needs a thorough clean but bad publicity in the middle of talks? Hopefully we can assume the Board members actually want the coy to survive.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
