QIN 0.00% 29.5¢ quintis ltd

Receivers and managers appointments, page-3

  1. 3,053 Posts.
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    well seeing as the bondholders had security over substantially all of the assets, appointing a receiver was only choice after administrators were appointed. So all of the assets are now owned by the bondholders, and there bubkis left for unsecured creditors - including staff, suppliers, put holders and most definitely shareholders.

    What happens to the assets might be of tangential interest to growers, but as far as anyone else goes it's game over I'm afraid.
 
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