capital raising, page-6

kentbrock: Same idea crossed my mind. But I always assumed (perhaps wrongly or perhaps because ITC's main holder does not want that?) that a share-offer would be made for ITC takeover rather than cash (along the lines of 3 for 1 or 4 for 1 or whatever...with a small cash compenent).
Time will tell what exactly VPE will need those extra funds for.
And - luckily!! - JK is no longer at the helm (in his case it would have been for getting a bigger bonus or some other kind of personal reward most likely). The new management works hopefully for all the shareholders.
wasa