some 50mil in the bank, page-7

what would people think about an ITC take out.

I think it would have to be 4-1 ITC VPE. ITC is 5.3c (VPE 31.5c) plus ITC has some debt and shares on issue 800m.

The problem with an all scip offer is that it would put VPE at how many shares post PP & Options (sorry does any one know?)

Surely this would lead to another VPE consolidation?

ITC @ 6c is about 48m $ awfully close to the 50m they would have in the bank. All be it I am sure VPE wouldnt want to cut things so close to the wire.

Primary cash and scrip? m

Maybe I should grab some ITC on open. Wasa do they have anything else going on apart from the VPE field?