Quintis collapse: investors left with thousands of worthless shares after company calls in administrators – The West Australian

Besieged sandalwood company Quintis has collapsed, rendering worthless the shares of thousands of investors. Directors of the cash-strapped company said today they had called in administrators from KordaMentha following Fridays decision by a US fund manager to exercise an option demanding Quintis buy back $37 million of sandalwood plantations. The company does not have the…

Bankrupt rugby league star in court for trying to leave the country – Brisbane Times

Former rugby league star Jarrod McCracken has faced a Brisbane court accused of leaving the country while bankrupt. McCracken, 47, appeared in the Brisbane Magistrates Court on Friday charged with four counts of leaving Australia while an undischarged bankrupt. Former league star Jarrod McCracken. Photo: Robert Rough The embattled former New Zealand footballer was declared…