As its shareholders will no doubt be aware, Quintis Ltd (ASX: QIN) shares were due to come out of their voluntary suspension this morning.
At the start of June the embattled sandalwood plantation manager requested the voluntary suspension of its shares whilst it was in discussions with multiple parties in relation to non-binding correspondence concerning potential debt and equity transactions.
According to a release this morning, the company has yet to finalise its transactions and has requested an extension until July 5 2017.
The company has previously warned that a failure to negotiate and complete the transactions, given its current liquidity issues, would be critical to the company's continued solvency.
Here's why one Motley Fool contributor thinks that investors should stay away from Quintis, despite the fact its shares have lost 82% of their value since the turn of the year.
