Hi duncanmcl,

as far as the 10 Mil QEC shares held by Terrenex they will be retired in a time frame of 4-6 weeks from July 1st/08 according to an email from Jason D'Silve VP Finance QEC. Lets wait to see if they are cancelled around the 15 of Aug/08. QEC have a SOLID mgmt team given the progress of the share price in the past 4 months. Yes there were some highs... $ 6.43 for about a second and a half, but a floor of $ 2.88 aint bad for a JR that was .40 cents 4 months ago.

JQ:)