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Therefore, the remaining 76% will be split according to the amount of investment VCG makes, which will be ranging from $7-10.4 million.
VCG invests: 7 million= 7,000,000 * (1/ .52) = 13,461,538 shares which would leave them with a 30.8% investment in the company.VCG, however, understand that Chesney and Telsys are completely relying on their investment, therefore, giving them the ability to negotiate for a higher percentage hold of the ITC stock.
VCG Invests: Maximum 10.4 million= 10,400,000 * (1/.52) = 20,000,000 shares leaving them with a 45.75% investment in the company. Thus VCG will want a minimum of a 45...
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