Quintis Limited (ASX:QIN) – formerly TFS Corporation Limited – Money Doesn’t Grow on Trees

The saying goes, money doesn’t grow on trees..

  • Bogus sales channels.
  • Directors skimming cash through round robin scheme, which concurrently allows Quintis to artificially boost sales.
  • Fictional institutional sales, Quintis books revenues which are
    intermittently used to gain access to debt finance, before being written off.
  • Debt finance used to engage in Ponzi-like behavior.
  • Viceroy’s price target for Quintis is $0. The scenario is reminiscent of historical MIS ventures such as Timbercorp and Great Southern, both of which are now defunct(consensus with Glaucus Research Group).

Quintis Limited Report Download