RE: Facts!!! Thanks for shareing your valuation.
I wish the valuation were your facts, but they are your best guess.
Tell us why those nasty hedge funds attack FVR, when there is no significant convertible securities, please. Is there a large short position in the stock? I couldn't find a reason to believe this story so I'd like to hear details. Just because a seller doesn't want to be identified doesn't mean it is an attack. It could even be someone known to management who does not want to be seen selling.
And if some hedge fund kept the price low, so the projects were a steal, then perhaps some smart well-financed Renewable Producer or two ould have been ready buyers at such a discount (pushing the price up in the process), in anticipation of buying the whole company one day...
See, I have mostly questions, which is why I appreciate you posting all that data.
Now, here is a fact I have, and that is the INE press release where the PUBLICLY state why the deal fell through: several conditions were not met.
Innergex terminates acquisition of Wildmare wind project in BC
LONGUEUIL, QC, Oct. 1, 2012 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex" or the "Corporation") announces that it has terminated its agreement with Finavera Wind Energy (TSX-V: FVR) to acquire its 77 MW Wildmare wind energy project located in British Columbia, Canada.
Despite the efforts of both parties, several conditions of closing were not met by the prescribed closing date of September 30, 2012. The Corporation considers each of these conditions to be essential to the successful completion of the project. After careful consideration, the Corporation has decided not to extend the closing date because it strongly believes that doing so would not change the outcome within an acceptable period of time. Therefore, it has opted to terminate the purchase and sale agreement.
While from FVR all we get is this quote:
"Concurrent with Finavera's decision to explore a corporate transaction, the transaction announced on July 26, 2012 with Innergex Renewable Energy Inc., has been terminated."
FVR did not say, WE terminated or that FVR terminated the agreement, or state that FVR decided not to sell the projects individually (which is probably a way to maximize value for shareholders). I would love to know why the deal didn't go through because it is obvious that INE wanted the asset. What could have deterred them that could possibly deter others? Any idea? They state there were unfulfilled conditions that just weren't possible to meet, even with both parties trying. Note that. They indicate that, in their opinion, both Parties tried hard to get the deal to close. That certainly suggests INE could be a bidder in the current situation and it suggests that FVR did not "decide" not to sell so it could sell everything at once.
Or do you have another interpretation?