Unfortunately for JT he probably needs to cut his losses - CQT to buy those shares with the cash it has in reserves. We've known GF's intentions all along - otherwise it wouldn't have entered into a JV. I would like a buy-out some stage as well but off a base of $3.85 rather $0.385. If I had the money I'd buy that 10% with the drop of a hat.
This will enter a legal battle. CQT needs to mimick what BMN is doing (& they have a Director with 10% stake which is being sold off). JT can then spend the next 12mths working out how he gets his shares back. But the damage is already done.
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held