Unknown at this stage. The parent company isn't in administration.
When a company is placed in external administration, it is typically because they are unable to pay debt when it falls due. External Administration is better than Voluntary Administration, as they typically will reach a Deed of Company Arrangement or restructure / refinance and then trade out.
Wait and see would be my best guess at the moment to see what they release to the market tomorrow.
All is available on public record via ASIC if you want to do more reading.
BIQ Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held
