OTCPK:ICPVF - Post by User
Post by
Kidlapikon Jun 07, 2021 10:14am
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Post# 33339576
PPL provides room for growth
PPL provides room for growthPPL just reiterated their commitment to their offer for IPL and I do not believe a higher offer is likely. That being said the PPL offer is the only serious offer worth considering other than selling into the market now.
While both offers are in a way opportunistic I believe the PPL offer is fair. People are saying if it was fair we would get $25/share or more! Perhaps but as our share price declined over the past year so did PPL and while they may have recovered a bit better than IPL to this point there is still plenty of room for their own recovery without IPL. By joining PPL at half share per IPL share we still have room in the combined company for growth from HPC as well as the appreciation of PPL assets to pre-pandemic levels.
For this reason I believe the PPL offer to be fair compensation and far less predatory than a cash deal at these repressed prices. Either reject BIP and stay on for PPL or sell now at more than the BIP offer. PPL is the only way to go if you want to see any deal to completion.