ITOCHU is complicated, various permutations But 40% of ACE is...

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.