ITC impress energy limited
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blocking stake hypothesis, page-6

  1. asx360
    487 Posts.
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    01/06/10
    14:51
    Post #: 6758296
    I beleive the only reason they dont make an offer yet is becasue the VWMA for VPE is far to low meaning they need to use a greater volume of scrip.

    Once VPE share price gets back above 40 cents + they can make an offer and issue much less stock than they would if they offered now.

    ITC Price at posting: 5.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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