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  "documentTitle": "Quintis Limited (QIN)",
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  "sourceTypeLabel": "Short seller",
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  "notes": "The slide uses a callout box to present rhetorical questions that challenge the integrity of management transactions.",
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      "kind": "callout",
      "text": "Are shareholders aware that management is fraudulently siphoning cash from TFS?\nIs the mature plantation selection for the buyback scheme entirely discretionary?\nWhy don’t all institutional investors have the same put option terms as Frank Wilson?",
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      "kind": "callout",
      "text": "Are shareholders aware that management is fraudulently siphoning cash from TFS?",
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      "text": "1. Put options were only offered to MIS institutional investors at the time Mr Wilson chose to buy into the MIS post 2014.\n2. The plantations purchased by Mr Wilson in FY 2013 were bought back by TFS immediately upon the commencement of FY 2014 for a significant premium.\n3. Mr Wilson had the added benefit of a commission from sales to himself.",
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      "kind": "paragraph",
      "text": "We reiterate the following notes from The Cash Skimming section of this document:",
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      "kind": "paragraph",
      "text": "We believe the suggestion that either of the above transactions with Mr Wilson were at ‘arm’s-length’ is an insult to shareholders and MIS investors. We believe Mr Wilson exercised discretion in his role as CEO of TFS to personally benefit from uncommercial and unfair transactions.",
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      "kind": "paragraph",
      "text": "It would be prudent for Mr Wilson to seek approval of ordinary shareholders for incurring these transactions, which may date back to as far as 2004.",
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