perspective, page-15

MM,

capital raising around the present price would
seem to constitute pointless dilution. CC is on record
as having said as much. but then, in
these times uncertainty is the only certainty.
so if CC were to go to shareholders shaking the tin,
it would tell us that it had become nigh on impossible
to raise money from other sources on terms other than
ones that would ruin the company.

good to see the gritty resolve being expressed by other sizable shareholders in IGR. i'm in the top 20 and
am unlikely to accept any offer.