a) there are two pages of comments on the thread with the actual announcement https://hotcopper.com.au/threads/ann-update-of-put-option.3606258/
b) it's precisely because the company is in such bad shape that the put holder hasn't yet exercised - QIN don't have the money to pay them and the secured creditors would put the company straight into receivership! They still might...
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- News: QIN Quintis provides update on a plantation put option
News: QIN Quintis provides update on a plantation put option, page-3
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