ITOCHU is complicated, various permutations
But 40% of ACE is the most obvious one. 0.4 * 15 = 6
So in theory, AGS 9%, ITOCHU 6%, Q/H 85%
As far as I know, it doesn't kick in until 1 Jan 2015.
If they take enough heat, they may well change their minds.
They need to answer the question why aren't they taking out a loan?
B4M is roughly 150 million pounds. 0.1* 150,000,000 = 15Mlb
On the crudest metric, $6 * 15Mlb = $90 million
So why aren't they raising $30 million now to salvage (at a minimum) $90 million?
Problem is, no faith in management.
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