you should probably re read the announcement at the top of this thread.
"Under the terms of the Notes, a bi-annual interest payment of US$10.9 million is due to be made on 1 August 2017 and Quintis does not expect to make this payment. Quintis has until 30 August 2017 to either make this interest payment or receive a waiver to prevent an “event of default” under the indenture governing the Notes. In such event, the principal amount of the Notes could be accelerated."
So they don't have the money to pay the interest payment, and if they don't rectify that by the end of August that's a default and receivership. Since they must have harvested their 2017 crop now, if they could sell product to anyone other than those who had already committed to buy it in a firesale, you'd have thought they'd have done it by now.
QIN Price at posting:
29.5¢ Sentiment: Sell Disclosure: Not Held