There is good grounds for class action on this one imo. Incompetence doesn't mean they can hide from lawsuits.
http://www.********.au/2017/05/10/timber-why-the-quintis-ltd-share-price-is-crashing-today/
U.S. short selling specialists Glaucus Inc. claimed Quintis’s shares were worth zero due to multiple alleged misrepresentations the company had made as to the operating performance of its business model.
Glaucus also attacked the marketing material of Quintis and credibility of its management team for allegedly misleading investors over agreements it had with Chinese distributors to buy the sandalwood.
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