As you will no doubt be aware, Quintis is currently seeking to resolve a liquidity issue and recapitalise the company. We have been informed by Quintis that they are in active and detailed negotiations with more than one party in relation to potential debt and equity transactions that would have the effect of achieving a recapitalisation of Quintis. Whilst there is obviously no certainty of achieving a successful transaction, we are informed that these discussions are progressing positively and Quintis have strong engagement from a majority of the holders of the senior secured bonds of Quintis who continue to be extremely supportive of the business.
Doesn't sound too bad at all.
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