The Change in name had nothing to do with it, the problem...

The Change in name had nothing to do with it, the problem revolves around the nature of the business. it is always being a capital hungry business in an industry that is poorly understood. Why it failed could be any number of issues. Hubris, change in markets, change in sentiment, Management failure, etc, etc etc, all largely irrelevant now. The liquidators will figure it out, But essentially QIN ran out of other peoples money from people who wanted to take the risk. Sandalwood is a long term ill liquid investment play. Investors want liquidity and certainty. with the value of hindsight. The very foolish Put options should never have been implemented. it created a situation that was always going to cause future liquidity problems. Where was the company Risk committee then? The Plantation investors may actually come out of this with something if the business can be turned around. but I suspect they will end up being owned by a big investment fund. perhaps that where they should be. Didn't KKR buy the older Elders plantations up north? its going to be very interesting seeing how this is all wound up.