Receivers and managers appointments, page-32

I feel a little perplexed as to why QIN never went cap in hand to shareholders seeking emergency funding, shareholder value is now undoubtedly wiped out. The company seems to have been appallingly run in a deliberate fashion. The cynical side of me is starting to believe the secured 20 million funding arranged was in anticipation of the board putting QIN into VA, administrators and receivers now have adequate funding to get on with the company's affairs until the change of control to BR and subsequent rebranding and re-listing. Just my opinion without fact to substantiate of coarse. However any class actions against the company could now become meaningless. Quintis losses will be transferred over to new owner most likely BR, capitalising on the inevitable.