Glaucus just provided FW an opportunity to privatize QIN

Due to the bad impression from failed MIS companies and lack of understanding the value of sandalwood. I believe TFS/QIN is one of the most undervalued stock in ASX. Its SP would be much much higher if it is listed in Hongkong, China or USA. Shame for ASX.

I believe FW was very disappointed, he shouldn't list this company in ASX in the first place. I believe he has been thinking about privatizing QIN for a while now. He should list QIN in somewhere else or find private investors who has vision and deep pocket.

Glaucus just provided him an opportunity.

This reminds me 1989 USA market crash, when companies are cheaper than their true value, large shareholders choose to privatize the companies.

If the market can't recognize the true value of a company, it should just leave.