Ann: Extension of Voluntary Suspension, page-106

Howdy Boz,

Well if I was to put myself in Blackrocks shoes i would be looking at a debt for equity swap that makes me the most return.

Out of the $250 US debt Blackrock owns 60% so 150 million company goes into VA they will be looking at getting around 37c in the dollar back so 55 million a 95 million lost for less then 12 months.

Keep the company afloat as original debt holder they will be earning 40 million in interest until maturity in 2023.

Or swap all debt or half for equity at a steal even at current price and potentially make multiples on thier current debt holding.

The 2020 harvest is estimated to be 13 times larger than the 2016 harvest this is where the money is Blackrock are a long term trading house I think the latter will be thier mindset.

Just have to get a good established market to sell the product and clean the board out and get rid of the mateship culture of Quintis.