vpe in trading halt, page-5

Monark,
Thats one ITC negative that was not discussed.
If Sir Eddie was well and we had a aggressive board of directors then it is us Impress who should be making a takeover of VPE.
Vpe long suffering shareholders ..I use to be one.. Have Jk taking continous fees and options to the determent of the company. If he paid back half what he has received in the last 9 years they would not need a capital raising. On the plus side he may have to ramp up the Snatcher, Growler Field of the JV . Just Factual content and actual projected EPT with BOPD would be OK.
Thats to keep the options in the money for more funds next year and to have a successful cap raising at perhaps 1 share for every 3 held at 30 cents.?? Thats about 36 mill I think..Plus 18mill from Jan 2010 options. Thats 54 mill. less a bonus or two. He wants to buy his Xmas groceries as well so will require a prop up above the measly $1000 a day he receives at the moment plus free oppies.
Finally give a offer 3 cents cash to ITC shareholders ;thats 24mill cost and 1 Vpe share for every 3 ITC shares. ??????????????????????? Think I will leave this discussion or I may reveil what a great person JK has been with his awards and help to make VPE such a successful company after so many years in the industry. 247