QIN 0.00% 29.5¢ quintis ltd

FW and blackrock will be the interested party.Blackrock will...

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  1. 2,683 Posts.
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    FW and blackrock will be the interested party.Blackrock will forgive 62 million of debt for 124 million shares at a price of 50c along with FW and blackrocks current holdings this will give them a 50% stake causing a change of control transaction.

    Blackrock are a longterm investing house once Price recovers to $1.50 in the future Blackrock will gain 125 million profit from an original 62 million debt for equity swap.

    FW will already have a Chinese buyer in the wing if he can gain control.

    I wouldn't be surprised if this 33 million put holder has a strong connection to FW he comes from a wealthy timber family.

    All imo.
 
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