Fact : QIN owes USD 250 million to bond holders - due and payable in 2023?
Fact : QIN failed to make biannual coupon recently - with acceptance by bondholders
Fact : QIN failed to lodge quarterly reports to Bond holders - with acceptance by bondholders
Fact : QIN has until 31 August 2017 to remedy - unless bondholders waive or reset or some other agreement
Fact : The growers understand that their plantation investments are in peril - have formed a group to defend their position
Fact : Shareholders' equity is worthless - according to Gluacus - other shareholders and annual reports show a different picture
Fact : CJS is in denial - CJS is prepared to wait for the Coy and its various interested parties to develop a workable basis for future operations which may involve a number of options
Game, set and match to Glaucus - I beg to differ and so do many others with much greater expertise then I.
Fact SDE is a shorter who will benefit from Coy being forced into VA.
All IMO and DYOR of course
QIN Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held