Ann: Extension of Voluntary Suspension, page-123

Another scenario this one I like it's a big win for Blackrock and SH

Blackrock exchanges thier $150,000,000 debt for equity at 30c giving them 500,000,000 shares representing a 56% control in quintis which forces a change in control FW goes back in the top job with other directors nominated by Blackrock.

Blackrock stumps up a working facility of $100,000,000 along with a new corporate plan to dramatically reduce cash burn and streamline the business.

In the next 3 years they IPO Santalis for US$350mill-$US500 million along with the largest 2020 harvest that is reliably estimated at 4000 tonnes in that 3 years they set up a solid market for thier products.

They can then sell quintis for $2 per share in a takeover.

Thier equity in quintis at $2 a share would be in the value of $1 billion dollars minus the original debt and working facility of $250 million a net profit of $750 million.

$655 million more than receiving thier original interest payments.

Well that's what I would do remember $2 a share was the talking point only 3 months ago with a lot of hard work and cleaning up the business this can be easily achieved in the next 3 years.

Boom drops mic lol