Sadly this has become a mourning club. It's possible that QIN may end up being a dud investments. However one point is quite clear that the market response to the Glaucous report had a limited impact only. The SP fell to $1 and then recovered to around $1.20. The real issue is the non disclosure of this cancelled contract which may be insignificant in value was enough to lose trust in the management. So let's not get distracted by what Glaucus said. What they said resulted in a 30% drop only and on road to recovery.
Now I hope it was management incompetence rather than malice regarding this contract cancellation and the rest of the information they provided to Glaucus report is true. In that case I would expect the price to come back up
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
