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.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Not Held