First thing I have a problem with, is the fact that we have no idea who is going to get these shares. Is it one person or company? If it is one holder would they be voting yes for a 1 for 10 share split? If so I don't believe we could defeat it again!!!!!!

As a few posters have pointed out if that many shares were accumulated on the open market what would that drive the share price to, $.50 , $1.00. I have no way of knowing cause I don't have access to level 2, but it sure wouldn't end up at $.06!!!! I have owned SPQ for over 10 years so I have been through many price fluctuations.

Compare this to Hudbay in the last couple of months. They tried to take over Lundin by issuing shares by approximately the same percent. This would have given them a company worth many millions, working mines, and billions of assets in the ground. One man (can't recall his name) bought 1% of Hudbay and started a shareholder revolt which resulted in the OSC ruling there must be a shareholder vote, which will probably defeat the deal. This was all written up in the Globe & Mail a few weeks ago. At least Hudbay would have been getting many assets. What will we be getting, a lousy 5 million bucks. What's that work out to, 8 more holes? I understand hundreds more holes need to be drilled.

I am not bright enough to know if this is a good deal for SPQ or not. I do know I'm not happy seeing someone get 78,000,000 shares for a fraction of my average cost after having been invested and a believer for 10 years.

Tom