RE:RE:RE:RE:RE:RE:RE:RE:RE:VNP still on the List of biggest gainers YTD on the TSE There you go again speculating... and this time it makes no sense....the last thing a management which signs up to ROCE targets (VNP has signed up to 12% by 2019 & 15% by 2021) would do would be to replace debt financing (the debenture you refer to) by equity financing (the 10M issuance you are speculating) because we all know basic principles of finance have proven debt to be cheaper than equity... In addition, they have close to $30M on their BS as of Q2 2017... why would they issue shares to pay the debenture (debt)? You believe the management & board is only looking after themselves... do you also believe they are such morons that they would cut their own throats? I get it... you are mad at them but perhaps we ought to seperate emotions from investing.