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Frank Wilson wants to be involved in managing the schemes he established. Photo: Attila Csaszar

Investors focus on Quintis projects

The Quintis insolvency could play out very differently from other failed agribusiness investment schemes.

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Merriwa
With Quintis delivered skillferly into the hands of receivers by a board of directors who had little or no shares in Quintis and therefore no motivation to work for the survival of the company. Rather they set about preparing a large redundancy package for the last nine months. As for myself and no doubt many fellow shareholders are in the que at Centrelink. In my view the Quintis insolvency was certainly avoidable and still would be if greed were nonexistent.

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23/03/17
$59k Bought
19/12/16
$0 Issued
02/09/16
$100k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

36th↑Euroz$92.1m
37th↑Pioneer Credit$81.5m
38th↑Cirrus Networks$76.7m
39th↑Kresta Holdings$76.3m
200 listed industrial companies ranked by revenue.
Source: Morningstar

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