The short seller that set off an extraordinary chain of events at sandalwood group Quintis has declared "little confidence" in departed founder Frank Wilson's ability to orchestrate a successful takeover bid for the company.
In a follow-up to its explosive research last week, which valued Quintis stock at zero and likened its business to a ponzi scheme – all of which Quintis strongly and consistently disputes, Glaucus on Wednesday reiterated its position, deeming the company's defence "inadequate".