OTCPK:ICPVF - Post by User
Comment by
DeanEdmontonon May 04, 2021 2:33pm
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Post# 33124730
RE:RE:RE:RE:deal drags on
RE:RE:RE:RE:deal drags onI agree, Brookfield is definitely slimy. Whether a new suitor shows up or not the price offered is way low. That said, I can see the shares dropping a lot at he deadline if Brookfield backs out. They are already dropping. Will be interesting to see if the earnings announcements change that.
SargeX wrote: Hey Leo
How she go?
Totally agree that the BIP offer is incredibly low but as mentioned, I don't think they are going to raise it. As I mentioned, I think they are slowly trying to sell all their current position before June 7th.
That is definitely interesting on the reduced price gap between BEP.UN and BEPC. Both are getting murdered and I'm sure glad we sold all our shares. We've also been trimming BIP.UN and have now trimmed 50% of our shares. As mentioned, we also sold all our BPY.UN so what used to be a huge position for us in Brookfield is now reduced to just 1250 shares of BIP.UN.
Take her easy
Sarge
leo101 wrote: hey sarge, the bipc shares being offered are hugely overpriced so the bipc offer is even weaker than it looks. the bepc shares have tanked now that the promotion is over and the bipc shares will also tank if millions of shares are issued for the phoney baloney takeover.
and i'm not filling our justin's census form because it culturally offends me.
SargeX wrote: Hey Lashing
I agree that it is going to tank. As I previously posted, I think Brookfield has given up on the take-over and is slowly going to sell as many of its IPL shares as it can before June 7. They wil then let the bid expire. dump the rest, and IPL will go back down to between $14 and $16.
I see someone mentioned they saw a post on another blog indicating the selling. It makes sense to me as Brookfield are quite nasty people and will be saying "I told you so. You shareholders should have been smart and tendered to us. No one beats us at anything. We are always right".
Anyway, as mentioned previously, this is why we trimmed 4500 of our original 6700 shares. If the tanking plays out as I think, then we will re-buy some of the 4500 (but not all). If it doesn't then we will be happy we kept the 2200. Sort of a can't lose for us (being total optimists and always seeing the half-full) . :-)
Ciao
Sarge
lashing wrote: Doesnt appear to be another bidder. Brookfield isnot getting is at their stinkbid price. This could turn into a nothing burger over the next 30 days.
Since I keep making the wrong calls, I'm gonna say this tanks ... so karma proves me wrong.