If anyone from management is reading this, my best case scenario after T/H:
-Confirmation that no bond covenants/liquidity constraints have been breached and a detailed forecast of quick/current ratios by the board. Contingency plans for if the put options are exercised and/or plantations/sales are not inline with current forecasts or other negative news hits.
-Detailed explanation of the failure to disclose the closing of the contract, and the legal advice you have obtained regarding the companies liabilility due to the failure to disclose, and if this was the result of management in an overseas subsidiary;
-If the above is satisfied, and the company has no liquidity/solvency issues what is the board doing to prevent a low ball take over offer from occuring? How do you expect to get back on track?
-Why has their been a lack of information regarding the china wood sales?
A man can dream can't he?
QIN Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
