OTCPK:ICPVF - Post by User
Comment by
marketsenseon Sep 06, 2019 1:59pm
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Post# 30103162
RE:The LKS offer is NOT good news for share price
RE:The LKS offer is NOT good news for share priceDisagree. The offer was very relevent. It has established a $30 minimum base price that
another corp was willing to pay when the stock was languishing in the low $20's. That
to my mind is a significant signal to the market how undervalued IPL was and still is. I
don't think many people would have balked if La ka Shing was to bump up his offer to
say $35 in cash. I agree that the regulatory hurdles would be insurmountable but you
would also see IPL trading at $35 or higher. Anyone have a problem with that despite
the bidder was Ka Shing. I, and I suspect many others would have taken their profits and
moved on gladly. I don't agree that that mgmt did me a favor by not presenting the offer
and decided to keep it quiet..