OTCPK:ICPVF - Post by User
Post by
poopoopooon Feb 12, 2021 11:40am
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Post# 32552594
What Next???
What Next???BIP will likely bump up their offer to $18.5 or so but I doubt they will go beyond $19.
There are many shareholder who are in this from $20 to $35 and are in pain.
The likelihood they will accept this offer is not that great IMO.
I suspect it will fail though I place it at 50/50 odds.
Regardless BIP had to go for it as they already had a position bought on the cheap and they are not into holding a position.
I do not suspoect there will be any competing offers as BIP already has a 20% position so there will not be a bidding war.
If the offer gets rejected then BIP still comes ahead as they have talked the stock up from $13 and they likley can unlaod their position at a far better price now.
Either way they come ahead.
I suspect the stock will trade higher in the coming days maybe up to $18.3 as the market knows that BIP has a history of starting low then bumping it up a little as a way of seeming to sweeten the offer.
The reality is $25 will be needed if they want to win this offer and I do not see that happenning at all.
Thus I ultimately suspect the offer will fail and the stock will tank.
Thus I will be sellign my position and buying TWM, PPL and KEY instead as they are still cheap and have much more upside than IPL has at these levels. Also a much better dividend and management who will not turn down a silly $30 offer. Ya, they are brilliant, lol.
Management of IPL loaded up with a ton of cheap options when the stock was low so they obviously stuck it to the shareholders.