Ann: CQT: NQM's Major Shareholder Accepts CQT, page-6

re: Ann: CQT: NQM's Major Shareholder Acc... There could be a market cap problem here. NQM $58 million, CQT $113 million, HSK $44 million.

The bid by Heemskirk doesn't really stackup and it could be that NQM directors see this as a reverse takeover bid.

It looks as if CQT may add just one more small sweetner to their bid, at the same time expecting the HSK shareprice to slip further.

Not sure as to whether to take up a position as it could also all fall apart.