another razor success, page-61

My hunch is...and we're all allowed to have them cos' it's fun is as follows...

ITE has been in talks with someone re a merger....28c has been the proposed price given the contracts that ITE has had in the pipeline....if they come off then the 28c is finalised....if there is a delay then ITE do an SPP for a little more cash until the contracts are squared away (and that's why the SPP had no dates attached to it)....now that the contracts are in (some very key ones anyway)....I am expecting an announcement of who the bank is (hoping Citibank), the cancellation of the SPP and a merger with ITE holders effectively getting 28c per share or good options offer...