will it be worth partipating , page-14

I agree orbis is a long term investor. I think apples orbis made that comment pre this deal being put on the table and where assuming a less dilutive deal honestly I thought the same thing.

Orbis are in an intresting position. Current sitting on a substantial loss for the stock which would be worth around 10mil. They will now have to convince their many large super funds some of who have seen their equity in this stock almost half to pour in 30Mil more with a long term view.

In my mind I think orbis will be forced to reduce thier position to fund the additonal equity injection required to some extent. I can't see many of their funds just handing over additional cash to fund this equity injection required. Especially when they have such good upside with stocks like VPG and CER. This maybe the thorn on their crown.