Ann: CBH Recommends Revised Toho Proposal , page-9

Nystar will never get this company... Toho owns too much and will never give it up. The fact is that they have always supported CBH and they prob always will. Really they dont want to own this company, if they did they could have got alot more of it at 3,4,5c. They get what they want (gauranteed ore) and with all the notes they hold and convertible debt ect, no one will take this company from them. Toho's offer is just to shut investors and nystar up and really doesnt cost them too much.