GF can offer what ever they like but its up to CQT shareholders to accept and I know that the major shareholders that hold over 50% of CQT wont just give away there holdings for 70c-80c when the NPV values the company at $1-1.20. Anyone can put in an offer but its another thing for it to be accepted. Everyone knows the huge potential here and Im certainly not giving my shares away for nothing. Early 2008 we will see it hit the dollar mark. Its been stale for too long now.
Alternatively, GF can make an on market bid for CQT but the number of shares required will push the price well above the current price.
Dont forget you need (I think) 91% approval to take over CQT. I dont think 91% of share holders are going to give up their shares for less that $1. Dont forget JT bought a large parcel for 71c and hes not going to lose money on that buy.
CQT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
