OTCQX:HEOFF - Post by User
Post by
janeintorontoon Nov 11, 2023 7:18pm
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Post# 35730507
To accept offer or not...
To accept offer or not...
I am going to vote against the takeover. They are being taken over by some private equity group or some such thing, Ember Infrastructure Management. In the reasons given for this, there is nothing convincing that Ember brings anything to the table. I.e., there is no synergy that would justify some enormous price premium. And so Ember is not paying any great premium. Even the chart shows an upward trend. It might well have soon reached the offering price and kept going. HEO seemed to be on an upward path. Some problem with the maple syrup harvest (yes, really) was a small slip down. When private equity companies want my shares, I ask myself, if they think it's great, then so do I. Management is promised bonuses, they don't have the hassle of being publicly listed, but where's my big benefit? I now have to find something with as much potential as HEO to replace it.
I do wish the Exchanges and the IFRS idiots would not make it so unattractive for companies to go public (or stay public). Please HEO, stay public. I like you in my portfolio.