What is disturbing is that after a TH, a Suspension, and now in an extended Suspension, a company seemingly well run and with a sound board and proper governance, appears to be UNABLE to quickly update the market on the state of the company.
Most of the points listed in the QIN release today should have been able to be answered in the TH, let alone the first Suspension period. The fact that no information has been forthcoming is alarming.
There should have been no problem updating the market in the previous suspension, even if they needed to extend the suspension for the pending deal. This imo tends to suggest the pending deal could be a survival issue.
I suspect all concerned should be checking their PI policies, including the gravy train of accts and lawyers who have signed off recent accounts.
Disclosure: Previously held TFC Oct 2012.
QIN Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held
