Ann: CQT: Supplementary Bidder's Statement , page-7

re: Ann: CQT: Supplementary Bidder's Stat... I suspect HSK's share price may fall a little further from here.

When the offer 1st came for NQM, HSK was sitting at around 27c. Even @ 27c x 1.2, NQM would be valued @ 32.4c per share, which is nearly 50% more than what it was trading at before the initial offer from CQT, and around what NQM are trading at now (not that long ago the market thought NQM was worth only 20c).

The question is, what does the market really think NQM is worth to HSK? Does it think 32c is about right? If so, then 27c is the approx value of HSK.

HSK will be diluted by 240 million shares through this takeover offer, so, if HSK is worth 27c (not saying it is or isn't) that gives a market cap of $105 million.

Something to ponder.