RE: Poignant Question In order for the transaction to take place the shareholders rights plan has to be voted down,otherwise it would trigger the rights plan. After the transaction is completed then PRE , CGX and the minority shareholders can enact another shareholders rights plan to prevent a future hostile takeover. Joe has not contributed anything to this board other then negativity and fear just like all the other shorters and bashers. Or prehaps he's out of his depth and should not have invested in this type of risky stock. What occurred here with CGX is normal for a bankrupt company. If it wasn't for the value of the leases and CGX's hooks with the Guyana Gov't we would not be speaking of CGX today. We would have been bought out for pennies on the dollar.