QIN 0.00% 29.5¢ quintis ltd

Ann: Update of put option and loan repayment recovery, page-108

  1. SDE
    450 Posts.
    The whole notion of offering Put options to the 2014 non PDS growers smacks of desperation on TFC's part. The company would only receive 90% of the sale price after slinging a 10% sales commission to the FA involved, but was offering essentially a full refund offer. The writing was well and truly on the wall then.

    The company must have believed its own hubris when striking these deals.
 
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