A last resort they can do an equity raise for $100 million dollars.
400 million new shares at a generous 50% discount to the last trading 21 day vwap say 25c to raise $100 million plus current cash of around $20 million.
So $120 million pay this bloody put holder and interest payment and be left with a healthy $76 million cash balance.
This can buy them a lot of time without vultures circling and then look at options on quintis's terms.
They would raise $100 million easy.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Not Held