Great post Maria... the promised contracts for wood and oil sales are also my biggest concerns.
Regretfully, having taken a more detailed look at Glaucus and Viceroy, the only way I can see Quintis being allowed to trade again is if they can demonstrate that the most serious allegations are false. And I guess Quintis have alluded to making a response to that in their most recent announcement.
Even if they manage to do that, the damage is significant and dilution is assured (as the company seems to concede in their announcement as well).
So we either have one of the best stitch-ups ever of an Australian corporation... And we are talking some blatant lies and misinformation from the shorters, or we have criminality and fraud on a pretty big corporate scale. It surely has to be one or the other. For the sake of all holders I hope it is the stitch up ... but the Galderma admissions don't exactly inspire confidence. Doing my best to keep the glass half full but it's not easy!
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
