Unfortunately I think that if the company had been able to prove a sustainable business model in the post FW reality, they would have been able to raise capital long before now to at least see them through the next year. The fact that they haven't been able to do so shows there are real issues there. And of course the snowball gathers momentum down the slippery slope: as far as finding new buyers for their product, who is going to want to sign up to a long term contract at the moment with the company's future so precarious? All this talk about China... so little about the Indian market for Indian Sandalwood. Like him or loathe him Frank Wilson WAS Quintis (or TFS). So all those relationships he cultivated over so many years no longer exist. The trust is gone and with the non disclosures so has the credibility. It's a tough position to try to rebuild the company from.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
