OTCPK:ICPVF - Post by User
Comment by
zalmonellaon Feb 27, 2021 1:14am
242 Views
Post# 32678017
RE:RE:RE:Hunker Down
RE:RE:RE:Hunker Down There is a choice. Brookfield or anyone else cant do anything unless two thirds of the shareholders agree to sell.
I hope you're right. But my quick scan of Qtrade data shows 60% of holders longer than 1 year are institutions, and they have two reasons for being in IPL - cashflow from the divvy or capital appreciation. Neither position is exactly fulfilling their mandate right now, so this could be the ideal opportunity for some of them to get out for greener fields. That's all I'm afraid of. I don't think Mr Retail has any part in this - we're a minority and we're probably 50-50 in any offer. Those who bought in March will sell, those who held (like I did since 2016) wll hold, and if we get taken out at $17-18, will probably hold our BIPC to try to make up our losses.