Just giving everyone one final update:
The phantom is alive and flying!
2 parts were damaged in the phantom 2,
1. the GPS module the whole thing was damaged ( not the ceramic antenna only)
2. The receiver ( the mini chip that goes under the main board) this one was damaged badly.
when i replaced the receiver, the RC and the phantom were connected to each other. So replacing the Receiver, turned on the motor. However, i was not getting any GPS lock, with the GPS module that i replaced the ceramic antenna( look at the pictures i posted earlier in the topic)
Anyway, replaced the whole GPS module and finally after long time, i GOT GREEN LIGHT, ready to fly!
To sum up, if you have fast abnormal yellow blinking, like mine, it most likely the GPS or the receiver has gone wrong, or BOTH.
cheers everyone, and thank you guys for helping!
Roger Thant Moein glad you got it up and going and thanks for reporting back with your results so thers can learn!

~Duke