Ann: RECOMMENDED CASH OFFER BY HANKING FOR PRIMARY GOLD, page-111

My view is that this is far from a done deal. It appears they just want control of the company, not a full takeover. They are satisfied with 50% plus. The terms talk about acquiring 50% of the company shares, not 50% of a vote. Hence the term "control".

It appears they will send paperwork out for us to sign over our shares not to vote. t's totally up to you if you sign over your shares. If they get 50% plus they will pay those holders out. The others will stay.

The way I see it is if we "do not" accept the offer and sell our shares to them then they carry us through to production. For a mandatory takeover they need to get 90% which makes it compulsory/mandatory and you are compelled to sell. Other than that your still a shareholder.

This offer I would suggest is the first offer of several that they will "try" to convince people to sell. Of course they will try to get as many shares as possible on the cheap and increase the offers from there.

I've seen this strategy play out before and the shareholders who hang in and didn't take the offer made some big money, and I believe the same can happen here.

If they don't get 90% shares there's nothing they can do if you want to stay.

I am happy to be corrected but that's how I am reading the announcement. I'm staying in for the ride.