raising cap ... what for?
the more I look at this the less I like it. shareholders (disc- not a holder) are asked to front with 1/3rd more cash for no reason.
if twr mgmt want to buy, why not put it in train, then get holders to stump up the cash? at that point you know what you are getting for your bucks. sure better than borrowing in this climate, but raising cap for its own sake, and GJBW and GPG clipping the ticket,
holders may not appreciate my comments, fair enough. when I heard of the issue I looked for positives (earlier posts), perhaps its secret squirrel, and I will stand corrected, but IMHO, time to take out the trash.