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29.5¢ quintis ltd

Ann: Credit rating change (S&P), page-52

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450 Posts.

29/06/17

13:36

Post #: 25564758
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Originally posted by trav2012 ↑

Yeah that's why I think they will accept an equity arrangement it makes sense,rather have a slice of cake than no cake at all.

Debt for equity isn't the end of the world even if say 1 billion new shares were issue then you would have a coy with 1.39 billion shares on issue but NO DEBT the market would price accordingly.

Then discount wood and oil sales to get customers in the door get the product out the door cash flowing in then this would trade back in the dollar range.

Get rid of current board and strip cost to reduce the high cash burn rate.

This is what needs to happen a complete clean out.

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Sure, but once the bondholders (secured creditor) get paid (and they look they will only get 50 c in the dollar), there is NO equity left.

No matter how big the slice, anything of nothing is still nothing

QIN Price at posting: 29.5¢ Sentiment: None Disclosure: Not Held
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