rumours about...., page-3

SeamFiend: Continued accumulation of ITC shares at increasing ITC shareprice level.... The company accumulating must soon reach 5% and then show their hand?! Amazed that no speeding ticket issued as yet...
Wonder IF it is really VPE accumulating. 42 mio. ITC shares (i.e. approx. 5%) at the accumulating costs of, say, an average of 5.5c would mean an outlay of about A$ 2.31 mio. from VPE's cash holdings.... Thereafter, it would/will have to be a script offer, I would assume.
All purely speculative here, of course !!!
Comments most welcome.
wasa
P.S. I am holding both VPE and ITC