QIN 0.00% 29.5¢ quintis ltd

Growers Plantations Valuations, page-26

  1. 73 Posts.
    The 2002 harvest has been completed, after the 15 year growing period, the timber is stockpiled at present so I believe! The 2002 Prospectus states "growers may elect to collect and market their own timber". The company has refused to allow this to happen, and has taken a "belligerent" attitude towards growers of which 80% of growers have requested the release of the timber as their is a conflict of interest to get the best price by the responsible Entity! It is clearly evident that legal action is necessary against Quintis by growers. This has serious implications for future projects and growers interests. Growers own approx. 2/3rds of the trees in all Quinits projects, and their interests are paramount to the future of Quintis. It has ramifications for any market recapitalization by the company. and future timber values. The company refuses to release details of the 2002 harvest, the amount of timber realized, or what actions it is taking to market/sell the timber. The growers have a right to at least know this much!
 
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