Australia's largest stock trading and investment forum Australia's #1 stock forum

QIN

0.00%

29.5¢ quintis ltd

Ann: Chairman and CEO Address 2017 Annual General Meeting, page-31

First 31 Last

Share
Profile

Follow
SA1588

815 Posts.

94

25/12/17

13:10

Post #: 29866307
Share

Originally posted by SA1588 ↑

I got the impression the Board is totally focused on the recapitalization, at the exclusion of other measures.

There were suggestions from the audience that the company was ignoring approaches from FW, including a change of control approach and consultancy to assist with the sale of products. The implication was the company wanted nothing more to do with FW.

Many shareholder comments about dominance of accountants and lack of marketing staff.

The Chairman was not open with shareholders. Partly due to confidentiality & legal reasons. But I got the impression he used that excuse too many times. For example, refusing to provide an update on the current harvest because it is being managed by a subsidiary when one of the Directors of the subsidiary was sitting at the front table.

There appeared to be a group of aggrieved employees or former employees.

The two class actions are hindering the recapitalization because they are adding risk and making the deal more complex.

There were many, many unhappy shareholders. An attempted motion of no confidence in the Board.

I received a dividend for my shareholding: a delicious muffin. I ate every crumb.

I would welcome other impressions from the meeting.

Expand

Interesting development

https://thewest.com.au/business/har...rdinary-meeting-and-spill-board-ng-b88698664z

QIN Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

BUX

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

There are more pages in this discussion • 57 more messages in this thread...

First 31 Last

Add QIN (ASX) to my watchlist

Ann: Chairman and CEO Address 2017 Annual General Meeting, page-31

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News