The real debt is only secured notes of US$250m @8.75% due August...

The real debt is only secured notes of US$250m @8.75% due August 2023.
The external MIS grower liabilities of $163m recorded on the book only for the consolidation purpose.

Another real issue is whether the put option of $34m in July 2017.



Positive sides:

On 1 May 2017, In light of the current corporate activity, with the announcement by Quintis’ former Managing Director, Mr Frank Wilson, of his intention to work with third parties to assess, develop and present a potential change of control transaction to the Company’s Board.

Share price was around $1.10 while takeover speculation rumored.
Now at 29.5c, will they still look around?


If the supply contract with the WA state government is still valid?

Product sales include sales of sandalwood spicatum oil (Australian sandalwood), which the Company processes and sells pursuant to a supply contract with the West Australian state government.


Will their medical asset worth US$300m as they suggested?



I think it definitely will be more volatility next week.
May open lower, but watch for interest.

GLTA.