Ann: Trading Halt , page-13

Ex- Yank,

You are correct that right now they have nothing but the right to dig and their 20% stake. This is why I thought the deal that JT set up was a good one for us shareholders longterm.

How does this JV stop another company from making a takeover even if it is hostile? If GFA own 20% does 80% agreement from the rest of us shareholders mean a takerover can go through.

If I tookover CQT it would not bother me to have the current JV agreement honoured by GFA. Of course GFA may not like it and meekily walk away. That's their call. Or they might fight to outbid a takeover offer if they were put under the pump by another bid.

Either way plenty of action still left to be played out, but I would think this long awaited PFS will help put a lot more insto's on the register who would not otherwise invest without a PFS.

I would say a roadshow will follow soon after to get these guys on board, now that they have some substance to show.